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Less than a third of companies are confident they are using employee data responsibly
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Less than a third of companies are confident they are using employee data responsibly

"The cost of decoding organizational DNA irresponsibly is high, as are the rewards of getting it right: the difference in growth rates between losing and earning employee trust through the use of workforce data is as much as 12.5 percent, or U.S. $3.1 trillion globally."

Source: www.accenture.com

An Accenture survey of 1,400 global executives showed while nearly two-thirds  of businesses are using new technologies (such as wearables, workplace applications, and online activity monitoring) to gather workforce information, only 30% say they are certain they are using it responsibly.

Other insights from the report include:

  - 31% are holding back on investments in technologies due to employee concerns

  - 49% say in the absence of legislation, they are charging forward without taking measures toward responsibility

  - 70% of employees would give permission to employers to collect data if they were given more control over its use

The article offers a risk/reward analysis by industry and examples of businesses acting responsibly.