Nottingham, 27th October 2009 – New research commissioned by HR, payroll and talent management solutions provider, MidlandHR indicates that organisations are yet to fully understand the benefits of predictive software in improving employee engagement. Four out of ten respondents (40.5%) were unsure of its role even though a staggering nine out of ten (92%) believed that employee engagement is key to organisational performance. Despite this, half (49.5%) of those surveyed do see it as providing information that can be used as an indicator.
The research, Investigating Employee Engagement and Predictive Analytics, surveyed over 100 business leaders in UK public, private and charity sectors on their views, with a view to optimising performance management within organisations. The general lack of knowledge about predictive software is epitomised by the limited understanding of the benefits it can bring with only 17% recognising how it can identify potential risk, 17% manage absence and 26% assist in talent management and retention. Interestingly however, the survey dispelled the issue that predictive software is a ‘big brother’ development with only 17% of those surveyed seeing it as an invasion of their civil rights (17%).
Leslie Bowie, research director from MidlandHR, comments: “These results are extremely surprising considering predictive software is currently creating a buzz with companies looking to gain competitive advantage in these tough times. Some businesses may be missing a trick as our preliminary findings have shown predictive software to have a significant impact at reducing absence rates and improving talent retention.
“This research highlights a general lack of understanding in the marketplace that needs to be overcome before organisations can make best use of the exciting technology, a feature which we hope to educate the market on in the coming months.”
To view a copy of the report in full, please click here.
MidlandHR is the largest independent HR, payroll and talent management solutions provider in the UK. With over 25 years experience in the industry, MidlandHR delivers a wide range of expert tailored solutions and services including in-house or hosted solutions, Software as a Service, payroll bureau services and fully managed payroll outsourcing. MidlandHR’s customers span the entire range of business sectors and include: Friends Provident, Severn Trent Water, Chesterfield NHS, QVC, Cambridge University, Oxfam, Brighton and Hove City Council, Oxford City Council, TK Maxx, Liverpool Football Club, Law Officers’ Departments, Laing O’Rourke. For more information, visit MidlandHR at www.midlandhr.com
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Tel: 020 7240 6959. Fax: 020 7240 4849
DATE: 27th October 2009
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