CRACK LEAPFROG MINING SOFTWARE
From the quality of a developer’s software code to the efficiency of a delivery driver’s route, employers have a window into their workforce that most of us never dreamed possible. Companies need to double-down in this area with a solid plan if they want to increase employee trust and profits simultaneously.įrom the same study (recently presented at the World Economic Forum in Davos), we know that 62 percent of businesses are using new technologies and sources of workplace data to a large or significant extent. alone-which makes the right thing to do also the profitable thing to do. Employee trust is valued at $3 trillion in the U.S. Only in an atmosphere of mutual trust can companies reap the kind of innovative growth that can leapfrog businesses to a market-leadership position. Using employee insights can be done in a way that engenders employee trust. That is because trust is the people component of responsible business-the one that too many times can be overlooked in talk about hard numbers. As a former CHRO, I over-index-and rightly so-on fostering employee trust as the cornerstone of corporate responsibility.
From sustainability to transparency, responsible business is good business.
Data in all forms is still the Wild West, in some respects, with much gray area that needs to be defined for appropriate use.Ī few perspectives gained from my past experiences as a technology board director and C-suite executive: I am “all in” on responsible business. From unauthorized use of geolocation data to the security of DNA-testing data, most of us are in constant risk/reward mode when gaging our privacy options. As consumers, we are all very aware of the potential risks to our privacy. Respecting privacy and security need to come above all else. New business models and the reality of continuous disruption require new frameworks and approaches to both consumer and employee data insights.