Thursday, February 17, 2011

What is the Difference Between Metrics and Analytics?




I know, I have been asked many times about the difference between metrics and analytics. Luk Smeyers with INostix in Europe has created a very cool list of words that show the difference between the two concepts. Thanks Luk!


A lot of my clients and contacts are asking me quite often: "In a few words, what's the difference between HR metrics and HR analytics?" For a few weeks, I have been writing down such words in my beloved iphone (the 'Notes' app). Here you go...enjoy!



Metrics
Analytics
1. Tangible
Intangible
2. Accounting
Finance
3. Past
Future
4. Data
Insights
5. Large
Selective
6. Transactional
Strategic
7. Information
Transformation
8. Low value
Differentiator
9. Gathering
Asking questions
10. Reporting
Analysing
11. HR Scorecard
Business Scorecard
12. HR ownership
Management ownership
13. Controlling
Optimising
14. Inside-in perspective
Outside-in perspective

What other differences have you seen or experienced between Metrics and Analytics?

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