Workforce analytics, as part of a complete talent management strategy, is critical for HR professionals as it enables them to connect the dots between their company’s overall performance and their investment in their workforce. With insights from data HR leaders can clearly identify and communicate to executive leaders precisely where their company’s investments in human capital are paying off and, more importantly, where they are falling short and why.
Business leaders need people to do the work and they need HR to supply real-time accurate data to help them make smarter decisions about their workforce. HR leaders must understand the business strategy and work with senior-level executives and front-line managers to determine, develop, and source the right talent to achieve the companies’ objectives.
In this archived recording, "Supercharge Your Talent Management Strategy with the Power of Workforce Analytics," Dave Weisbeck, Chief Strategy Officer for Visier and Sonny Yuen, Business Development Manager, Technology for Cornerstone OnDemand, discuss how organizations can take the next step to get the greatest return on their talent, by supercharging their HR initiatives with the power of workforce analytics.
In this on-demand webinar, you will learn about:
-
The state of the art in talent management, and how an integrated talent management suite can ensure you are successful from talent sourcing to retirement
-
How workforce analytics extends the talent management suite to highlight trends and insights across sources of information to power both strategic and operational decision making
-
How Cornerstone and Visier have teamed together to provide solve the challenge of measuring and executing on your talent vision
ABOUT GUEST PRESENTER
SONNY YUEN, BUSINESS DEVELOPMENT MANAGER FOR TECHNOLOGY AT CORNERSTONE ONDEMAND
Sonny Yuen is Business Development Manager for Technology at Cornerstone OnDemand. In this role, Sonny is responsible for building an ecosystem of world-class technology partners capable of delivering solutions for organizations’ most vexing talent management challenges. At Cornerstone Sonny has also been tasked with building out the channel sales enablement team and leading product marketing efforts during the launch of the company’s Recruiting Cloud and Volunteer Management solutions.Prior to Cornerstone, Sonny ran the consulting partner program for SuccessFactors. He also built the Tata Consultancy Services Salesforce.com implementation practice after six years at Siebel Systems managing various strategic alliance partnerships across both software and services.
Sonny holds a BA in Communication Studies from the California State University of Northridge and also studied in the University of Arizona’s School of Communication
ABOUT HOST
DAVE WEISBECK, CHIEF STRATEGY OFFICER, VISIER
Dave Weisbeck leads the overall solutions success and strategy at Visier. Dave is a seasoned software executive who has experience ranging from building development teams to growing multi-billion dollar businesses as a General Manager. Prior to joining Visier, Dave spent over 15 years in the information management and analytics industry, which included time spent helping to build Crystal Decisions and Business Objects products and product strategy. Most recently Dave was the Senior Vice President and General Manager responsible for Business Intelligence, Enterprise Information Management and Data Warehousing at SAP.
Here are the latest product updates for Visier Workforce Analytics.
Compare and Analyze Workforce Data Side-by-Side and Across Time.
Drill-down in visuals:
Quickly navigate and explore any hierarchy (such as your organizational or location structure) right inside any bar chart by clicking on a bar to expand it and see its make-up.
New Comparison Workflow:
We have added powerful comparison functionality to allow you to compare and contrast to get rapid insight.
Time comparison:
You can compare multiple time periods side-by-side in the bar chart, as well as select any two periods to visualize the change that occurred.
Metric comparison:
You can now compare multiple metrics side-by-side to see relationships between them.
Employee group comparison:
Define groups of employees based on any set of characteristics and compare these groups side-by-side, as well as select any two groups to visualize the difference between them.
3 comparison ‘views’ in the bar chart:
When doing comparisons you can change the bar chart to display the comparison items via column-view, side-by-side view, as well as ‘difference’ view.
Variance Analysis in the historical trend visual:
Easily visualize the variance between any two series over time or select a single series and set it as a baseline to see how all other series vary relative to it.
Internal Benchmarking – custom defined relevant comparators
In addition to the current peer and parent organization internal benchmarking, you can now define a custom set of relevant comparator organizations for an org. unit.
Default Content for users
Specify a default set of Dashboards and Slideshows that different users or user groups see in the application.
Visier Re-imagines Visual Data Exploration; Compare and Analyze Workforce Data Side-by-Side and Across Time
Visier Spring 2013 product release builds on the foundation of delivering best-in-class workforce analytics and planning solutions with transformative comparative analysis technology
Vancouver, British Columbia, May 6, 2013—Visier, an innovation leader in workforce analytics, announced today the immediate availability of their Spring 2013 release of Visier Workforce Analytics, which includes new innovative visual data exploration capabilities. Visier Workforce Analytics is a cloud-based analytic application designed for business leaders and HR professionals to easily obtain insights into their organization’s performance and improve the return on their most important investment - their human capital. 
Continuing to deliver on its commitment to develop the next generation of cloud-based workforce analytics and planning solutions, Visier extends its offering of intuitive and innovative workforce analytics with leading-edge visualization technology. Exploring relationships and visually comparing workforce data side-by-side and over time helps HR professionals and business leaders uncover the critical insights and relationships in their workforce data that are impacting their business.
This latest update of Visier Workforce Analytics continues Visier’s strategy of delivering instant in-depth insight into an organization’s workforce to allow business leaders to align and optimize their people strategy to meet their business objectives. Being able to explore and measure workforce data, in multiple dimensions with dynamic visual representations, greatly increases the business leader’s ability to identify key workforce trends and opportunities for improvement. This innovative functionality is another step in Visier’s mission to deliver real and complete analytic solutions to empower business people to gain understanding of their performance and plan for the future, without spending massive amounts of time integrating and cleansing source data, building data warehouses or learning how to use complex query and dashboard development tools.
Visier Workforce Analytics gives business leaders and HR professionals the insight they need to reduce costs, improve productivity, attract and retain top talent, and implement workforce strategies to support key business objectives. Visier’s innovative and interactive solution uses advanced predictive technology to deliver best-practice guided analysis. By uncovering critical links between people and business outcomes, managers and HR professionals are able to answer fundamental business questions and predict and plan for their future needs.
With the Spring 2013 release Visier continues its innovation with:
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New innovative dynamic comparison visualization capability that empowers every user to see relationships and trends in data through intuitive visual data exploration.
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An updated mobile application for iPad® highlights Visier’s delivery on its mobile strategy and showcases updated user-centric capabilities to consume workforce analytics with self-service data exploration.
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Analytic content publishing allows administrators fine-grained control to publish reports and dashboards to users and groups of users. Combined with Visier’s dynamic security model content, authors can ensure that the right information gets only to the right hands.
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New best-practice pre-built analytics highlights for organizations the impact of employees who are absent – on leave, vacation, illness, or otherwise absent – and the business impact and risks associated with this leave.
“The power of workforce analytics is in finding an insight, making a connection, and creating change in an organization’s workforce to deliver business benefit," according to John Schwarz, Founder and CEO of Visier. “As a result of Visier’s innovation in re-imagining how users can visually explore information, we have fundamentally changed a user’s ability to see how data has changed over time, compare insights across organizations, and find relationships hidden in data. We have made it significantly easier for every user to find the connections in their workforce data they can use to improve their business. Visier allows businesses to empower their decision makers with access to real information, while eliminating the complexity and cost of a traditional business intelligence solution.”
About Visier
Headquartered in Vancouver, B.C. and San Francisco, CA., Visier delivers workforce analytics through the cloud to empower HR professionals with the most critical insights for optimizing their people strategy to meet their business strategy. Visier's unique analytics combine the sophistication of predictive capabilities with the ease-of-use of consumer applications. Founded in 2010 by business intelligence experts—including former Business Objects chief executive officer, John Schwarz—the company's leadership team has a proven track record of technical, operational and strategic management success with companies such as IBM, SAP and Symantec.
For more information, visit www.visier.com.
Media Contact:
Melanie Aizer
Visier
778-331-6955
melanie.aizer@visier.com
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Key Findings in Workforce Planning
Visier’s second annual Survey of Employers continues the exploration of how North American organizations are solving the challenges of delivering workforce analytics, and which areas of the workforce they are seeking to measure and understand the most. In addition, this year’s survey explores the topic of workforce planning. With workforce analytics and planning being complementary solutions in the pursuit of a more optimized workforce, the trends across these two activities are insightful.
Workforce planning is often a challenging task for organizations to implement successfully, given that the planning process involves many stakeholders, and what exactly is planned may vary by time and departments. Despite this, the survey shows higher levels of satisfaction with workforce planning (64%) relative to workforce analytics (59%). When we look at the type of solutions in place relative to satisfaction levels, we see a similar trend to what we saw in workforce analytics with spreadsheets showing high levels of dissatisfaction. However, while spreadsheets show the highest levels of dissatisfaction and dedicated solutions show the highest level of satisfaction, we also see custom solutions showing high levels of satisfaction. This highlights the trend that dedicated solutions, whether from vendors or homegrown, provide the best fit and, therefore, satisfaction.
Workforce planning also appears to be an undertaking much more likely to be utilized by large enterprises. This trend is as expected, given the more diverse and complex nature of large enterprises, and so the needs for workforce planning are, therefore, larger as well. The figure below highlights this trend, showing a breakdown of how respondents answered whether, within a 12-month period, they expect their company to increase their investment in workforce planning.
While the needs for workforce planning increase as the organization size increases, where they plan to focus investments in workforce planning remain the same. Skills and competencies was consistently the area of greatest focus for new investments in workforce planning with 22% of all respondents highlighting this area for expanding their investments.
View a new complimentary on-demand webcast, "Five Critical Obstacles HR Must Overcome on the Road to Successful Workforce Analytics" that Visier recently hosted.
Organizations are collecting more data on the workforce than ever before, and increasingly asking for ways to use this information to improve their workforce to deliver improved business results. With increasing volumes and sources of data comes more complexity, which is further compounded by an increasingly complex business environment. How do you manage the multitude of sources and volumes of data? What to measure? How to gain organizational support to invest in necessary solutions? Overcoming these challenges and more are the keys to being successful. What are the critical obstacles or barriers HR must overcome to move forward with workforce analytics to transform their organization into a strategic partner driving their business success?
In this on-demand webcast, "Five Critical Obstacles HR Must Overcome on the Road to Successful Workforce Analytics" Dave Weisbeck, Chief Strategy Officer for Visier, moderates a panel discussion with recognized thought leaders Ian Cook, Product Success leader, and John Schwarz, Founder and CEO of Visier, as they review five common obstacles facing HR leaders when building a workforce analytics program and provide critical recommendations for overcoming these obstacles in their organizations, to achieve success.
If you are a CHRO, VP of HR, VP of HRIS, VP Workforce Planning or Analytics, or responsible for ensuring your organization is getting the most from its workforce strategy investment, this is the webinar recording for you!
On this on-demand webinar, you will learn:
Obstacle 1. Building the Business Case for Workforce Analytics. HR must justify a financial investment and secure executive sponsorship with a strong business case. Hear from an influential CEO critical business ROI justifications HR needs to arm itself with and communicate to executives, as part of building a business case for workforce analytics.
Obstacle 2. Sourcing a Workforce Analytic Solution. With so many solutions in the market offering analytic capabilities, how can HR distinguish between them? Hear key recommendations from a recognized HR analyst to building a successful workforce analytics program, and what the top technology requirements are when sourcing an analytic solution.
Obstacle 3. Getting a Handle on your HR Data. If your HR data is a mess, you are not alone. Organizations are collecting more and more employee data from disparate HR systems. Find out how to get a handle on your workforce data, and how different solutions and approaches can help to cleanse and improve the state of your data.
Obstacle 4. What to Measure First. To make better business decisions regarding their workforce, HR leaders need to move beyond the simple collection of HR metrics to workforce analytics. Find out which critical HR metrics should be measured as they relate to critical business topics, and how to relate them back to the organization.
Obstacle 5. Sharing and Collaborating on Findings with Stakeholders and Influencers. Despite the potential power of workforce analytics, the impact of the solution HR implements will greatly depend on the degree to which everyone throughout the organization understands the true measures for success. Hear practical advice for how, and why, it is critical to deliver real business insights outside the HR organization to truly impact the business.
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Webinar Presenter:
John Schwarz, Founder & CEO, Visier
 John Schwarz, the Co-Founder and CEO of Visier, is an Information Technology professional who has previously successfully led Business Objects, now part of SAP. During his tenure, Business Objects doubled its revenue to more than $1.5 billion, improved profitability and executed seven strategic acquisitions. After SAP’s acquisition of Business Objects, John oversaw a dramatic continuing expansion of its business. He was a member of the SAP Executive Board. Prior to Business Objects, John held senior executive positions at Symantec and IBM. John is a director on the Boards of Teradata, Synopsys and Avast and a former board member of SuccessFactors and Verity. John is also a member of the Dalhousie University Advisory Board.
Webinar Presenter:
Ian Cook, Product Success, Visier
 Ian is responsible for product success at Visier. Along with the development team he is focused on creating and deploying the powerful answers that make Visier's application unique. He has over 15 years of experience consulting to global firms on building high performance organizations which deliver the best return on human capital. Over the last 5 years Ian built the HR Metrics Service, which is now Canada’s leading source of HR bench-marking data. Recognized as an expert in the area of workforce analytics and organizational performance Ian is a sought after speaker and writer on this topic.
Webinar Host:
Dave Weisbeck, CSO, Visier
 Dave Weisbeck leads the overall solutions success and strategy at Visier. Dave is a seasoned software executive who has experience ranging from building development teams to growing multi-billion dollar businesses as a General Manager. Prior to joining Visier, Dave spent over 15 years in the information management and analytics industry, which included time spent helping to build Crystal Decisions and Business Objects products and product strategy. Most recently Dave was the Senior Vice President and General Manager responsible for Business Intelligence, Enterprise Information Management and Data Warehousing at SAP.
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Webcast: Supercharge Your Talent Management Strategy with the Power of Workforce Analytics, presented with Cornerstone OnDemand, Hosted by HR.com
WITH GUEST PRESENTER SONNY YUEN, BUSINESS DEVELOPMENT MANAGER, TECHNOLOGY FOR CORNERSTONE ONDEMAND
Date: May 9, 2013
Time: 1:00 pm ET / 10:00 am PT
Length: 1 Hour
Cost: Complimentary
Today’s knowledge economy, more than ever before, has made an organization’s people its most critical asset and one of its greatest investments. It is clear that mastering talent management helps organizations differentiate themselves in the marketplace, and thereby gain a competitive advantage. HR is firmly rooted in the belief that talent has impact, but can the same be said for an organization’s senior leadership—do they believe this to be true? Executives want evidence that HR is boosting their organization’s bottom line, but can HR substantiate and deliver this proof that talent equals financial reward?
Workforce analytics, as part of a complete talent management strategy, is critical for HR professionals as it enables them to connect the dots between their company’s overall performance and their investment in their workforce. With insights from data HR leaders can clearly identify and communicate to executive leaders precisely where their company’s investments in human capital are paying off and, more importantly, where they are falling short and why.
Business leaders need people to do the work and they need HR to supply real-time accurate data to help them make smarter decisions about their workforce. HR leaders must understand the business strategy and work with senior-level executives and front-line managers to determine, develop, and source the right talent to achieve the companies’ objectives.
Join Dave Weisbeck, Chief Strategy Officer for Visier and Sonny Yuen, Business Development Manager, Technology for Cornerstone OnDemand, as they discuss how organizations can take the next step to get the greatest return on their talent, by supercharging their HR initiatives with the power of workforce analytics.
In this webinar, you will learn about:
-
The state of the art in talent management, and how an integrated talent management suite can ensure you are successful from talent sourcing to retirement
-
How workforce analytics extends the talent management suite to highlight trends and insights across sources of information to power both strategic and operational decision making
-
How Cornerstone and Visier have teamed together to provide solve the challenge of measuring and executing on your talent vision
If you are a CHRO, VP of HR, VP of HRIS, VP Workforce Planning or Analytics, or responsible for ensuring your organization is getting the most from its workforce strategy investment – register here today!
Note: Even if you can’t make the date, please register and we will send you a link to the on-demand webinar when it’s available.
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GUEST PRESENTER
SONNY YUEN, BUSINESS DEVELOPMENT MANAGER FOR TECHNOLOGY AT CORNERSTONE ONDEMAND
Sonny Yuen is Business Development Manager for Technology at Cornerstone OnDemand. In this role, Sonny is responsible for building an ecosystem of world-class technology partners capable of delivering solutions for organizations’ most vexing talent management challenges.
At Cornerstone Sonny has also been tasked with building out the channel sales enablement team and leading product marketing efforts during the launch of the company’s Recruiting Cloud and Volunteer Management solutions.
Prior to Cornerstone, Sonny ran the consulting partner program for SuccessFactors. He also built the Tata Consultancy Services Salesforce.com implementation practice after six years at Siebel Systems managing various strategic alliance partnerships across both software and services.
Sonny holds a BA in Communication Studies from the California State University of Northridge and also studied in the University of Arizona’s School of Communication.
WEBINAR HOST
DAVE WEISBECK, CSO, VISIER
Dave Weisbeck leads the overall solutions success and strategy at Visier. Dave is a seasoned software executive who has experience ranging from building development teams to growing multi-billion dollar businesses as a General Manager. Prior to joining Visier, Dave spent over 15 years in the information management and analytics industry, which included time spent helping to build Crystal Decisions and Business Objects products and product strategy. Most recently Dave was the Senior Vice President and General Manager responsible for Business Intelligence, Enterprise Information Management and Data Warehousing at SAP.
ABOUT CONERSTONE ONDEMAND
Cornerstone OnDemand, Inc. is a leading global provider of comprehensive learning and talent management solutions. We enable organizations to meet the challenges they face in empowering their people and maximizing the productivity of their human capital. Our integrated software-as-a-service (SaaS) solution consists of the Cornerstone Recruiting Cloud, the Cornerstone Performance Cloud, the Cornerstone Learning Cloud and the Cornerstone Extended Enterprise Cloud. Our clients use our solution to source and recruit top talent, develop employees throughout their careers, engage employees effectively, improve business execution, cultivate future leaders, and integrate with their external networks of customers, vendors and distributors. We currently empower more than 10.5 million users across 189 countries and in 38 languages. www.csod.com
View a new complimentary on-demand webcast, "Workforce Planning And Analytics: Do You Know Where Your Future Is?" that Visier recently hosted.
Organizations of all sizes and in all industries are facing one overwhelming challenge that may inhibit their ability to grow – the shortage in the marketplace of key skills and qualified talent. To combat this challenge, organizations need to develop a comprehensive workforce plan that informs their hiring, development and succession planning. These plans must not only take data about the existing internal workforce into account, but the workforce as a whole, including, the various industries and geographies where organizations operate.
Workforce planning is not a new idea, but many organizations struggle to understand what it really means and how to build an effective workforce plan that will help them achieve their business goals. As new analytics tools pop up, some organizations become overwhelmed with the flood of data that is designed to help them create better workforce plans, but may simply cloud the water. Organizations have more data at their fingertips than ever, but many feel less prepared and lack a clear vision of where their future workforce will come from.
Watch this complimentary on-demand webinar "Workforce Planning And Analytics: Do You Know Where Your Future Is?" in which Mollie Lombardi, Vice President and Principal Analyst of Aberdeen Group’s human capital management practice and Dave Weisbeck, Chief Strategy Officer for Visier, discuss what workforce planning really is and how organizations at all levels of workforce planning maturity can take the next step to get the greatest benefit from their workforce planning activities. The power of workforce analytics to drive data-driven decision-making and provide the context for effective workforce planning are also explored.
In this on-demand webinar, you will learn:
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The differences between workforce planning and workforce analytics, and how the two work together
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How effective workforce planning can impact talent outcomes and business results
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An understanding of how workforce analytics improves visibility into the internal and external talent pools your organization can pull from to build its future workforce
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ABOUT PRESENTER
Mollie Lombardi is the Principal Analyst for the Aberdeen Group Human Capital Management research practice. She has surveyed and interviewed thousands of end-users to better understand the key challenges facing today’s HR and talent management leaders, as well as uncover the Best-in-Class strategies, capabilities, tools and technologies they are using to address those challenges. She has written and spoken about a wide variety of HCM topics including strategic talent management, workforce planning, employee engagement, talent acquisition and learning, as well as the use of emerging technologies.
Mollie brings together up-to-the-minute research on the most pressing human capital issues of the day with over a decade of experience in the Human Capital research and consulting space. Prior to joining Aberdeen she worked as an independent consultant providing executive development, leadership development and talent strategy consulting to clients in a wide variety of industries. Previous to that she was a researcher and consultant with The Concours Group.
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ABOUT HOST
Dave Weisbeck, Chief Strategy Officer for Visier, leads the overall solutions success and strategy at Visier. Dave is a seasoned software executive who has experience ranging from building development teams to growing multi-billion dollar businesses as a General Manager. Prior to joining Visier, Dave spent over 15 years in the information management and analytics industry, which included time spent helping to build Crystal Decisions and Business Objects products and product strategy. Most recently Dave was the Senior Vice President and General Manager responsible for Business Intelligence, Enterprise Information Management and Data Warehousing at SAP.
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Join us for a complimentary webinar, “Five Critical Obstacles HR Must Overcome on the Road to Successful Workforce Analytics,” on Tuesday, April 23, 2013 at 1:00 PM ET/ 10:00 AM PT.
Organizations are collecting more data on the workforce than ever before, and increasingly asking for ways to use this information to improve their workforce to deliver improved business results. With increasing volumes and sources of data comes more complexity, which is further compounded by an increasingly complex business environment. How do you manage the multitude of sources and volumes of data? What to measure? How to gain organizational support to invest in necessary solutions? Overcoming these challenges and more are the keys to being successful. What are the critical obstacles or barriers HR must overcome to move forward with workforce analytics to transform their organization into a strategic partner driving their business success?
HR has always known that people are the most important, yet expensive, asset to an organization but are they equipped to quantify and accurately report fact-based findings about their workforce to executive and business leaders? Executive leaders want evidence that HR is improving the bottom line. Can HR successfully secure executive sponsorship and build the right business case for workforce analytics? To be successful, HR must graduate from the simple collection of HR metrics to the power of workforce analytics, but to do so they need to answer the most important and fundamental question regarding workforce analytics: What should they measure about their workforce?
It is no surprise that workforce analytics has become one of the hottest business topics, as it empowers organizations to get an accurate view of their workforce and use the data to guide them in fact-based human capital decisions and strategies. So what is it all about, where is it going, and how do you get started?
Join Dave Weisbeck, Chief Strategy Officer for Visier, for this informative one-hour webinar, “Five Critical Obstacles HR Must Overcome on the Road to Successful Workforce Analytics,” as he moderates a panel discussion with recognized thought leaders Ian Cook, Product Success leader, and John Schwarz, Founder and CEO of Visier, as we review five common obstacles facing HR leaders when building a workforce analytics program and provide critical recommendations for overcoming these obstacles in their organizations, to achieve success.
In this webinar, you will learn about:
-
Obstacle 1. Building the Business Case for Workforce Analytics. HR must justify a financial investment and secure executive sponsorship with a strong business case. Hear from an influential CEO critical business ROI justifications HR needs to arm itself with and communicate to executives, as part of building a business case for workforce analytics.
-
Obstacle 2. Sourcing a Workforce Analytic Solution. With so many solutions in the market offering analytic capabilities, how can HR distinguish between them? Hear key recommendations from a recognized HR analyst to building a successful workforce analytics program, and what the top technology requirements are when sourcing an analytic solution.
-
Obstacle 3. Getting a Handle on your HR Data. If your HR data is a mess, you are not alone. Organizations are collecting more and more employee data from disparate HR systems. Find out how to get a handle on your workforce data, and how different solutions and approaches can help to cleanse and improve the state of your data.
-
Obstacle 4. What to Measure First. To make better business decisions regarding their workforce, HR leaders need to move beyond the simple collection of HR metrics to workforce analytics. Find out which critical HR metrics should be measured as they relate to critical business topics, and how to relate them back to the organization.
-
Obstacle 5. Sharing and Collaborating on Findings with Stakeholders and Influencers. Despite the potential power of workforce analytics, the impact of the solution HR implements will greatly depend on the degree to which everyone throughout the organization understands the true measures for success. Hear practical advice for how, and why, it is critical to deliver real business insights outside the HR organization to truly impact the business.
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WHAT
Complimentary Webinar:
Five Critical Obstacles HR Must Overcome on the Road to Successful Workforce Analytics
WHEN
Tues., April, 23, 2013
10:00 a.m. PT /
1:00 p.m. ET
DURATION
1 Hour
PRESENTERS
John Schwarz,
Founder and CEO, Visier
Ian Cook,
Product Success, Visier
WEBINAR HOST
Dave Weisbeck,
Chief Strategy Officer, Visier
COST
COMPLIMENTARY
REGISTER
Note: Even if you can’t make the date, please register and we will send you a link to the on-demand webinar when it’s available.
If you are a CHRO, VP of HR, VP of HRIS, VP Workforce Planning or Analytics, or are responsible for ensuring your organization is getting the most from its workforce strategy investment, register HERE today.
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Key Findings in Workforce Analytics
Visier’s second annual Survey of Employers continues the exploration of how North American organizations are solving the challenges of delivering workforce analytics, and which areas of the workforce they are seeking to measure and understand the most. In addition, this year’s survey explores the topic of workforce planning. With workforce analytics and planning being complementary solutions in the pursuit of a more optimized workforce, the trends across these two activities are insightful.
In the 2012 Survey of Employers, nearly half of participants (49%) said they were satisfied with their workforce analytics solution. The good news is that satisfaction levels have risen with 59% of this year’s survey respondents reporting being satisfied or very satisfied.
However, that still leaves a significant portion reporting being dissatisfied. When looking at satisfaction rates more closely, we see a strong relationship between the type of the solution being used and satisfaction levels. Dedicated workforce analytics solutions had 85% satisfaction rates, while spreadsheets, similar to the 2012 survey findings, had the highest reported levels of dissatisfaction with 59% reporting being dissatisfied.
With adoption rates remaining low, relative to analytics usage in other functions, and satisfaction remaining high, the survey asked participants “what would help them to be successful with HR metrics and reports?” Responses highlighted the difficulty present in taking advantage of current tools with the combination of ease-of-use and increased ability to interpret and share data, representing over 60% of responses. This aligns strongly with the findings on the type of solution, where the complexity of the solution was directly related to higher levels of dissatisfaction.
One area that has changed dramatically from the 2012 survey, is how many organizations intend to expand investments in workforce analytics. Last year’s survey showed 36% of organizations were intending to increase investments, while this year, the survey indicates that within 12 months, over 52% of participants will increase their investment in workforce analytics. But where are those investments being focused? While some trends appeared in the survey, such as investments in standardizing HR metrics and improving workforce analytics by relating it to business outcomes, in general, organizations are investing across many different initiatives
Similarly, organizations are seeking to measure a broad number of topics for their organizations. Turnover, skills and competencies, and employee performance stand out as the top three metrics organizations are seeking to measure.
Visier Hosts Complimentary Webinar: “Five Critical Obstacles HR Must Overcome on the Road to Successful Workforce Analytics”
Join presenters John Schwarz, Founder and CEO of Visier and Ian Cook, Product Success leader, in a panel discussion hosted by Dave Weisbeck, Chief Strategy Officer for Visier, as these industry experts explore five common obstacles facing HR leaders when building a workforce analytics program and provide critical recommendations for overcoming these obstacles in their organizations to achieve success.
VANCOUVER, BRITISH COLUMBIA, April 8, 2013—Visier, the innovation leader in workforce analytics, announced today it will be hosting a complimentary webinar, “Five Critical Obstacles HR Must Overcome on the Road to Successful Workforce Analytics,” on Tuesday, April 23, 2013 at 1:00 p.m. EDT/ 10:00 a.m. PDT.-resized-600.png)
Organizations are collecting more data on the workforce than ever before, and increasingly asking for ways to use this information to improve their workforce to deliver improved business results. With increasing volumes and sources of data comes more complexity, which is further compounded by an increasingly demanding business environment. How does one manage the multitude of sources and volumes of data? What to measure? How to gain organizational support to invest in necessary solutions? Answering these questions and more is the key to being successful. What are the critical obstacles or barriers HR must overcome to move forward with workforce analytics to transform their organization into a strategic partner driving their business success?
HR has always known that people are the most important and most expensive, asset to an organization. However, they are seldom equipped to quantify and accurately report fact-based findings about their workforce to executive and business leaders. Executives want evidence that HR is improving the bottom line. Can HR successfully secure executive sponsorship and build the right business case for workforce analytics? To be successful, HR must graduate from the simple collection of HR metrics to the power of workforce analytics. The first question that must be answered is: What should HR measure about their workforce?
It is no surprise that workforce analytics has become one of the hottest business topics, as it empowers organizations to get an accurate view of their workforce and use the data to guide them in fact-based human capital decisions and strategies. So what is it all about, where is it going, and how do you get started?
In this webinar, participants will learn:
-
Building the Business Case for Workforce Analytics. HR must justify a financial investment and secure executive sponsorship with a strong business case. Hear from an influential CEO critical business ROI justifications HR needs to arm itself with and communicate to executives as part of building a business case for workforce analytics.
-
Sourcing a Workforce Analytic Solution. With so many solutions in the market offering analytic capabilities, how can HR distinguish between them? Hear key recommendations from a recognized HR analyst to building a successful workforce analytics program and what the top technology requirements are when sourcing an analytic solution.
-
Getting a Handle on your HR Data. If your HR data is a mess, you are not alone. Organizations are collecting more and more employee data from disparate HR systems. Find out how to get a handle on your workforce data and how different solutions and approaches can help to cleanse and improve the state of your data.
-
What to Measure First. To make better business decisions regarding their workforce, HR leaders need to move beyond the simple collection of HR metrics to workforce analytics. Find which critical HR metrics should be measured as they relate to critical business topics and how to explain them to the organization.
-
Sharing and Collaborating on Findings with Stakeholders and Influencers. Despite the potential power of workforce analytics, the impact of the solution HR implements will greatly depend on the degree to which everyone throughout the organization understands the true measures for success. Hear practical advice to how and why it is critical to deliver real business insights outside the HR organization to truly impact the business.
“Actions speak louder than words; organizations continue to use Excel as their tool of choice to gain understanding of their workforce data and yet, they are vocal about their high levels of dissatisfaction. Spreadsheets are time-consuming to build and maintain, difficult to share, and prone to human error,” according to John Schwarz, Founder and CEO for Visier. “Successful organizations need to be agile and forward-thinking. This is best achieved by implementing a workforce analytics solution, and through comprehensive analysis bring about meaningful change in the workforce that impacts the business bottom line.”
The webinar is free to attend but you must register in advance. To register for this complimentary webinar on Tuesday, April 23, 2013 at 1:00 p.m. EDT/ 10:00 a.m. PDT, please visit https://www1.gotomeeting.com/register/925509929.
About Visier
Headquartered in Vancouver, B.C. and San Francisco, CA., Visier delivers workforce analytics through the cloud to empower HR professionals with the most critical insights for optimizing their people strategy to meet their business strategy. Visier's unique analytics combine the sophistication of predictive capabilities with the ease-of-use of consumer applications. Founded in 2010 by business intelligence experts—including former Business Objects chief executive officer, John Schwarz—the company's leadership team has a proven track record of technical, operational and strategic management success with companies such as IBM, SAP and Symantec.
For more information, visit www.visier.com.
Media Contact:
Melanie Aizer
Visier
778-331-6955
melanie.aizer@visier.com
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