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Human resources departments gather terabytes of data each year about people and performance. Some is collected for legal compliance. Analysis of other data helps improve efficiency. But too few talent functions use the data they collect to help their companies make better decisions and to improve performance. Talent managers need to use data to ask and answer hard questions at the heart of how employees contribute to business performance, and focus on generating analytics-based insights that can help manage and steer the business. Fortunately, a new generation of HR analytics is available that can help link human capital investments to a company's financial returns.
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