Dive Brief:

• Organizations are continuing to lose critical talent. Although the overall voluntary separation rate remains steady, high performer voluntary separation rate is still increasing—and the gap between the two is the narrowest it's ever been.
• Workforce productivity does not appear to be improving with an improving economy—revenue per FTE has leveled off after a spike last year, while the return on labor investment is decreasing.
• Organizations have reduced key investments in HR—for the first time in 4 years HR costs per employee remained flat year over year—and while this may represent a good short-term fiscal approach, it also may represent a decrease in investment in the programs necessary to drive workforce productivity, high performer retention, and return on workforce investment.

Dive Insight:

According to the PwC Saratoga Benchmarks 2015 report, global mega trends are escalating the war for top talent and reshaping business as we know it. 80% of global CEOs are concerned about lack of key skills threatening growth prospects. Innovation in managing talent is critical, which places significant demands on HR to deliver better People Analytics to help make informed decisions. 

Companies that are successfully building their "People Analytics" capabilities are doing more than just implementing a technology solution and hiring statisticians—they are working to drive adoption across the business, come to agreement on data governance issues, build benchmarks and targets into their analytic tools for strategic reporting, and manage change and take programmatic action on results emerging from advanced analytics programs.