New findings in people analytics, the importance and value of soft skills, and the use of smart solutions in talent management
HRForecast
AI-enabled HR solutions: People analytics · Talent marketplace · Strategic workforce planning · Market intelligence
Hello, fellow subscribers!
This month, we’re exploring the value of soft skills, highlighting the growing importance of interpersonal skills in the workforce. We're also introducing The Future of People Analytics e-book, a comprehensive guide based on insights from leading people analytics professionals that offers a glimpse into the future of data-driven HR strategies.
This month’s spotlight is a visually appealing talent acquisition dialogue infographic demonstrating the collaborative dynamics between HR and other organizational teams. Our featured blog posts share HR strategies in the age of artificial intelligence, taking a skills-based approach to pay and hiring, tackling the complex workplace of 2024, and integrating talent management with HRForecast.
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The Future of People Analytics
The Future of People Analytics is an indispensable e-book for HR professionals, business leaders, and data analysts seeking to harness the power of data to optimize workforce strategies. We compiled this comprehensive guide in collaboration with Dave Ulrich , David Edwards , Kathi Enderes , Madalina Banuta , Marc-André Lafrenière, Ph.D. , Max Blumberg (JA) 🇺🇦 , Patrick Coolen , Patrick Gallagher , Roxanne Laczo, PhD , Stephanie Murphy, Ph.D. , Christian Vetter 🇺🇦 , and Florian Fleischmann . We’ve immersed ourselves in the latest trends, technologies, and methodologies in people analytics, offering theoretical ideas and practical applications to solve real HR problems. From artificial intelligence and machine learning to ethical considerations and predictive analytics, this e-book provides a roadmap for making informed decisions that improve employee engagement, performance, and organizational success. It's a must-read for those seeking to improve their management practices and gain a competitive advantage in today’s dynamic business environment.
Talent acquisition dialogue
Turning recruiting into a cross-departmental venture underscores the critical role of selecting the right managers. Recruitment becomes a strategic alliance by stimulating conversation about the talent search. We’ve created an infographic detailing the steps to start a talent acquisition conversation, including strategic planning, data collection, and implementation. Build stronger strategic alliances within your company to attract talent.
It’s time to talk about soft skills
In addition to hard skills, soft skills are essential in every position in the company. Their assessment conveys an important idea: basic skills become dramatically more valuable when combined with expertise cognitive abilities and become even more valuable when integrated with specialized, complex skills.
While technology can mimic or supplement basic tasks and even enhance certain aspects of creativity or innovation, the distinctive combination of advanced interpersonal soft skills with technical hard skills remains a uniquely human trait less susceptible to automation.
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Recommended by LinkedIn
February blog posts roundup
In February 2024, we focused on innovative workforce strategies, using GenAI and skills-based approaches to address labor shortages. We highlighted cross-departmental collaboration in talent attraction and discussed filling challenging vacancies. More on that below.
Enhancing your workforce strategy with smartLibrary: The future of jobs and skills in the AI era
Accurate benchmarking data and generative artificial intelligence (GenAI) integration can reduce labor shortages. In our blog post, we share strategic tools for workforce planning. You’ll find valuable insights into using real-time market data to make informed decisions about talent acquisition, skills development, and AI-driven labor challenges.
A skills-based approach to pay, training, and development and recruitment
Get a comprehensive overview of the transformational approach of a skills-based organization that prioritizes capabilities and competencies over traditional metrics.
We use a skills pyramid to analyze the market value of skills, especially in the context of data scientists, by examining factors such as core abilities, specific skill sets, skill levels, and the impact of scope on compensation. Learn how implementing a skills-based system can unlock the full potential of your workforce, drive innovation, and deliver a competitive advantage.
Talent acquisition dialogue with other teams in the organization
Are your company’s departments effectively communicating with each other, especially when attracting talent? We’ve covered an organization’s strategic talent engagement dialogue, highlighting cross-departmental communication’s critical role in revolutionizing the hiring process. If you are interested in transforming or ready to transform your recruitment strategy into a more coherent, strategic, and effective process, read our article and unlock new dimensions of your organization’s approach to talent acquisition.
Identifying and addressing the challenges of hard-to-fill jobs in 2024
According to Business Insider , these are 10 jobs that are hard to fill in 2024:
We analyzed these jobs and shared what influences shaping corporate hiring strategies, including economic conditions, technological advances, and changes in workforce demographics. Discover the strategies and insights you need to fill the toughest jobs in your industry.
Talent management and HRForecast integration
Did you know that talent management is key to the success of any organization, including global corporations? With insights into future trends like AI-powered forecasting and integrating new technologies like VR, AR, and blockchain into talent management, HR professionals can discover new ways to improve the employee experience and streamline hiring processes. HRForecast can help you deliver actionable insights through data analysis, strategic workforce planning, and skills management, providing a comprehensive framework for improved decision-making and organizational growth. Learn more about how HRForecast can transform your organization’s approach to talent management.
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🙌 Thank you for joining us on this journey of knowledge and innovation. We hope these insights empower you to create a thriving work environment and drive your organization’s success. Stay tuned for more exciting updates from HRForecast!