Building a great team is becoming a science with companies like Google reinventing HR by using people analytics, a highly sophisticated data analytics system that uses feedback to improve HR processes and alignment with the company’s work culture through the use of quantitative and qualitative data.
According to the Global Human Capital Trends 2016 report from Deloitte University Press, people analytics is set to become an even bigger part of how business is done. Thirty-two percent of the more than 7,000 companies surveyed said they were ready to start using people analytics, an increase from 24 percent of companies in 2015.
When looking for the perfect formula for creating effective teams for one of its projects, Aristotle, researchers interviewed and collected data from more than 180 active team members.
According to Google, the basic premise of the people analytics approach is: “Who is on a team matters less than how the team members interact, structure their work, and view their contributions.”
Successful teams are clearly vital to the company, as each Google employee generates nearly $1 million in revenue, according to a 2013 figure quoted by Dr. John Sullivan, an HR thought leader from Silicon Valley.