Companies are waking up to an untapped source of business growth: vast amounts of new data on work and the workforce that can unlock the potential of their people. This data – now available through a range of digital innovations – is both a goldmine and a minefield.
Oxford Economics worked with Accenture to field a survey of 1,400 C-level respondents in 13 countries and across 12 industries in November 2018. The topic was the use of data companies derive their from employees.
On one hand, internal data of this sort can lead to employees who are more motivated, engaged and highly productive. On the other, the potential for misuse of data can mean individual rights are ignored, employment is wrongfully terminated, and employees’ skills are underutilized.
If businesses don’t use this data responsibly, they risk losing the trust of their employees and, as a result, more than 6% of future revenue growth. But if they adopt responsible strategies, the trust dividend would be worth more than a 6% increase in future revenue growth. Ultimately, up to 12.5% of revenue growth is at stake.
Read the Decoding Organizational DNA report
Read the executive summary
View the infographic
Our Thought Leadership team produces original, evidence-based research made accessible to decision-makers and opinion leaders. Principal for this project included:
Oxford Economics’ team is expert at applying advanced economic tools that provide valuable insights into today’s most pressing business, financial, and policy issues.
To find out more about our capabilities, contact:
+44 (0)20 7803 1488
+1 (646) 503 3052
+852 3974 8845
The Relevance of Silver in a Global Multi-Asset Portfolio
This study examines whether silver should be viewed as a distinct asset class that warrants a strategic investment allocation within an efficient multi-asset portfolio.Find Out More
Achieving data-led innovation for the modern supply chain
A persistent pandemic, economic uncertainty, and a global geopolitical conflict continue to dominate headlines and fuel Chief Supply Chain Officer (CSCO) frustrations. Navigating uncertainties—and managing supply chain challenges accordingly—has out of necessity become a top business priority for boards and C-suites alike.Find Out More
The Economic Impact of Drax Group in the U.K., U.S. and Canada
This study investigates Drax Group’s economic impact in the U.K., U.S., and Canada. It considers Drax’s own operations, the economic activity supported by its procurement spending and the impact of the wage payments to employees. We also consider the social value delivered by Drax Group.Find Out More