CIPD publishes Effective Workforce Reporting report
A report into Effective Workforce Reporting and how decisions taken at board level must be informed by understanding staff has been launched today by the CIPD
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A report into Effective Workforce Reporting and how decisions taken at board level must be informed by understanding staff has been launched today by the CIPD
The CIPD is delighted to launch a report into the Effective Workforce Reporting today. The report reveals that organisations are unlikely to perform well in the long term unless decisions taken at board and executive management level are informed by an in-depth understanding of the value of their people. It also offers practical tips for HR professionals to consider when working on or with people data.
Key findings of the report include;
Katie Jacobs, stakeholder lead for the CIPD, said: "Given the rise in external reporting requirements, and current workforce challenges, it’s more important than ever to understand how organisations value and use people data to inform decisions. However, the gap between what’s being collected and what is being reviewed suggests there’s a way to go in translating people data into commercial impact and business outcomes. Another 'dashboard' isn’t going to be the answer. Reporting needs to be clear, timely and provide actionable insights beyond numbers to be effective. It will be important for people professionals to provide leaders with a strong narrative to indicate where workforce opportunities and risks lie, and how they can be best managed."
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