Visier Inc. Releases New White Paper: Achieve Greater Business Impact With Workforce Analytics
New white paper discusses successful sharing and collaboration strategies across an organization for achieving greater business impact with workforce analytics solutions, in making better, more-informed business decisions about the workforce
VANCOUVER, BRITISH COLUMBIA – (May 16, 2012) – Visier Inc., announced today the release of a new white paper: “Achieve Greater Business Impact With Workforce Analytics,” that addresses the business impact to an organization, by implementing a workforce analytics solution that is designed specifically to help HR gather the right workforce data, and more importantly, that allows them to easily share the data with the right people and deliver it in the right way. -resized-600.png)
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. To truly deliver real business insights, workforce analytics solutions need to include broad functionality for sharing and collaborating on the outcome of the analysis in easy-to-use, meaningful ways that are actionable by the various stakeholders: the HR professionals, business leaders and decision-makers across the organization.
With easy sharing and meaningful collaboration between stakeholders, HR has the strategic opportunity and can finally act on the responsibility to ask any workforce related questions, and be sure that they can deliver the key insights which help the business leaders make better, well-informed business decisions, to improve their business performance. With more than 70 percent of business budgets being tied up in personnel costs, the performance leverage is most significant.
“Successful organizations make critical business decisions based on facts,” according to John Schwarz, Founder and CEO of Visier. “They need to optimize the return on their investment in people. Even with today’s sophisticated analytics approaches, a solution that doesn’t allow fact-based collaboration across the HR staff and line management is only doing half the job.”
In this white paper, four recommendations are highlighted to help achieve organizational support and a successful workforce analytics solution that will create lasting impact:
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Focus on improved business outcomes. Business improvements are the real value of analytics, which result from improved insights leading to better decisions that are implemented as changes in the organization or processes.
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Focus on how analytics will be used and shared. This requires HR professionals to take into consideration more than the mechanics of data gathering, the defining of metrics and the building of reports. HR professionals must plan for how people will share and collaborate on information.
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Use workforce analytics to make the HR function the leader in asking probing and important questions. HR departments that become mired in answering tactical questions never become strategic partners.
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Deliver on four elements critical to sharing and collaboration. The four elements: standardized HR dashboards, publishing core reports, self-service analytic support and mobility, are essential to serving organizational business leaders, executives and decision-makers in truly valuable ways.
To read this complimentary white paper: “Achieve Greater Business Impact With Workforce Analytics,” visit http://info.visier.com/white-paper-sharing-and-collaboration?utm_campaign=HRMarketer-Sharing-and-Collaboration-WP-PR&utm_source=Press%20Release
About Visier
Headquartered in Vancouver, B.C. and San Francisco, Calif., 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.
Visier Workforce Analytics is an end-to-end, cloud-based application designed for HR professionals, to easily identify and improve the ROI of their organization’s human capital. Reduce costs, improve productivity, attract and retain top talent and implement a workforce strategy that supports the business strategy. Visier Workforce Analytics is a powerful, intuitive and interactive solution that uncovers deep insight into the core metrics of your workforce, by answering the most critical and fundamental questions facing HR professionals about their workforce, and more importantly, with predictive what-if analysis helps to predict and plan for their future needs. For more information, visit www.visier.com
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Media Contacts:
Melanie Aizer
Visier Inc.
778.331.6955
melanie.aizer@visiercorp.com
Watch this informative on-demand webcast "How to Achieve Greater Organizational Support for Workforce Analytics," presented by Dave Weisbeck, CSO, Visier, hosted by HR.com.
This session focusses on effective strategies to share and collaborate on workforce analytics. With workforce analytics becoming more and more critical to organizations, the challenge is how to ensure the right information goes to the right stakeholders to create the decisions and actions to improve the business. This session will put particular focus on the sharing and collaboration of workforce analytics and how those creating and delivering workforce analytics can be more successful in aligning and influencing stakeholders.
Workforce Analytics has become a key business advantage for organizations, and a strategic pillar of a successful HR team. The challenge to overcome to have the sought after business impact is to ensure that stakeholders are bought-in, supportive, participating and have the information they need to impact the business.
Companies must align their people strategy with their business strategy in order to be successful and profitable. HR professionals have a real opportunity to align workforce strategies with corporate strategies by easily sharing their uncovered insights – and telling their story in a compelling way.
In this on-demand webinar, registrants will learn:
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How analytics really works in organizations, and highlights 4 critical elements to enabling an organizations with workforce analytics insights
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How can those working on creating and delivering workforce analytics be more successful in aligning and influencing stakeholders with the right metrics for their organizations.
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How can you streamline the delivery of information to ensure workforce analytics lead to real decisions and organizational change.
About Presenter:
Dave Weisbeck, CSO
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.
Watch this informative webcast "Creating Business Impact with Workforce Analytics," presented by Dave Weisbeck, CSO for Visier, & hosted by HR.com.
In this webinar, you will learn practical methods to make your workforce analytics investment more successful and effective, as well as gaining insight into how to go beyond the HR organization to create and deliver real value for business leaders and executives. See real examples of how you can approach and solve the challenge of using the language of the business – analytics – to provoke the right discussion, decisions and action within your organization. Gain best practices in how to structure and deliver content to serve the different audiences: from the HR organization to business leaders, from novice users to sophisticated users, or those who work as much on the road as in the office.
In this webinar, you will learn:
-
Learn practical methods to make your workforce analytics investment more successful and effective.
-
Gain insight into how to go beyond the HR organization to create and deliver real value for business leaders and executives.
-
Gain best practices in how to structure and deliver content to serve the different audiences: from the HR organization to business leaders, from novice users to sophisticated users, or those who work as much on the road as in the office.
About Presenter:
Dave Weisbeck, CSO
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.
This is part three of a three piece series on the aging workforce by guest blogger Mark Willaman, founder and president of Fisher Vista, LLC, the owners of HRmarketer.
Baby Boomers are now postponing their retirement in record numbers, which means they’ll be working side by side with younger workers in record numbers. According to U.S. Labor Bureau statistics, about one-third of the nation’s workforce will be age 50 or older by 2014, a significant rise from 27 percent in 2005.
So the question is … will there be an inevitable clash of the generations at your company? Not if you manage your workforce wisely. Here are five suggestions to keep top-of-mind as your organization looks for ways to meet the challenges of managing a multigenerational workforce:
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Understand generational “profiles” but don’t buy into stereotypes. It’s true that, as a whole, Boomers prefer face-to-face meetings, formal management structures and traditional communication and learning tools. But this doesn’t mean Boomers aren’t open to or capable of embracing alternatives. Your organization must take steps to openly accommodate the various work, communication and learning styles of Boomers, Gen Xers and Millennials.
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Ensure that the transfer of knowledge and experience flows among the generations. There have been literally hundreds of articles written about the importance of older workers transferring their institutional knowledge and experience to younger workers. But it’s just as important to have this transfer flow in the other direction as well. Younger employees might not have institutional knowledge but they may be more technologically skilled and "social-savvy," traits that are increasingly valuable for your workforce and your products and services. Train the generations to be open to learning from one another.
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Recognize and plan for the “challenge of opportunities” that will arise. As older workers stay on the job longer, there will be fewer promotion opportunities for younger employees. To prevent them from jumping ship, you need to be creative about keeping them motivated and engaged. This could mean instituting highly flexible work schedules, allowing them to choose unique skill-building assignments, and providing them with continuous learning opportunities.
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Teach your leaders to understand and adapt to your generations’ needs and styles. It’s simply not realistic to expect the generations making up your workforce to fit into a uniform mold or to learn, communicate and work in exactly the same ways. Make certain your leaders and line managers understand this. Once they do, they’ll have much greater success in drawing the best performance from your workers day-in and day-out.
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Remember that workforce analytics can help you understand the generational composition of your workforce and the particular challenges you face. By implementing a sound workforce analytics solution, you can answer key questions about the makeup of your workforce; whether you have surpluses or deficiencies of specific generations in particular locations, functions or positions; and what your turnover and attrition rates are for each generation. A workforce analytics solution can even help you determine where critical skills and knowledge needs to be passed on and which employees of each generation are particularly suited to serve as leaders and mentors.
There’s no question that you must manage your multigenerational workforce wisely if your organization is to thrive in the years ahead. And even the best-managed workforce will have its share of intergenerational skirmishes. But if you provide the right guidance and support, you can definitely prevent a full-blown clash of generations.
Mark Willaman is founder and president of Fisher Vista, LLC, the owners of HRmarketer, a marketing software and services firm focusing on the human capital market, and SocialEars, a monitoring service of HR industry's blogs, news stories, tweets and other "shared" social content.
Visier is excited to be a sponsor at this year's Convergence 2012, Cornerstone OnDemand’s annual client and partner conference, May 15-17, 2012 at the Terranea Resort in Rancho Palos Verdes, California.
Convergence brings together clients, partners and industry thought leaders to discuss technology and workforce trends, and share learning and talent management best practices.In the 21st century, the nature of work has fundamentally changed. The explosion of online, social and mobile technologies, coupled with the expansion of global business, has resulted in a 24/7, “anytime, anywhere” worldwide workplace. The success of your business in this new world requires an Empowered Enterprise. Whether you are in senior management, HR, learning and development, or any other function that deals with people and talent in your organization, this year’s conference will provide insight into how you can play a role in putting the right technologies, strategies and processes in place to foster an empowered workforce.
Our team will be exhibiting in the Grand Ballroom. Be sure to come by and see the Visier team, Dave Weisbeck, Jan Schwarz and Brett Schwarz.
If you will be attendance, please join Dave Weisbeck Chief Strategy Officer for Visier, as he presents the breakout session “CUTTING-EDGE WORKFORCE ANALYTICS FOR YOUR CORNERSTONE DEPLOYMENT”
Date: Thursday, May 17
Time: 11:00am - 11:50am
Location: Palos Verdes Ballroom 7
About 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.
Delivering Comprehensive Off-The-Shelf Workforce Analytics through the Cloud using a SaaS Based Solution, Visier Inc. is Empowering HR Professionals with the Deepest Insights Needed to Align their People with their Business Strategy
Read an exclusive interview with John Schwarz, CEO & Founder of Visier Inc., featured in the leading publication "CEOCFO Magazine." CEOCFO interviews provide the CEO's thoughts on their company, business and growth strategy, revenue model, plus much more!
About John Schwarz, Founder and CEO
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.
There is still time to register!
Complimentary Webinar: “Creating Business Impact with Workforce Analytics” Hosted by HR.com
Tuesday May 8, 2012 – 11:00 AM ET / 8:00 AM PT
Join Dave Weisbeck, CSO, Visier for this informative webinar, hosted by HR.com.
Workforce analytics is the fastest growing technology investment for Human Resource organizations, but the challenge remains how to use workforce analytics to achieve real business impact. Ultimately, business impact comes from alignment on action, that leads to real changes within the organization. Too often analytics projects focus too heavily on just getting to the numbers and not how the insights gained will and can be used by the organization. Finding the insight in the data is only the first step to a successful workforce analytics project. True success can only come about when the organization uses the insights to make decisions and take action. While it is true that all analytics projects are prone to challenges in collecting data, defining what to measure, and creating meaningful reports and dashboards successful projects must look beyond these more basic steps. In this webinar, you will learn practical methods to make your workforce analytics investment more successful and effective, as well as gaining insight into how to go beyond the HR organization to create and deliver real value for business leaders and executives. See real examples of how you can approach and solve the challenge of using the language of the business – analytics – to provoke the right discussion, decisions and action within your organization. Gain best practices in how to structure and deliver content to serve the different audiences: from the HR organization to business leaders, from novice users to sophisticated users, or those who work as much on the road as in the office.
In this webinar, registrants will:
-
Learn practical methods to make your workforce analytics investment more successful and effective.
-
Gain insight into how to go beyond the HR organization to create and deliver real value for business leaders and executives.
-
Gain best practices in how to structure and deliver content to serve the different audiences: from the HR organization to business leaders, from novice users to sophisticated users, or those who work as much on the road as in the office.
WHAT - Webinar: Creating Business Impact with Workforce Analytics
WHEN - Tuesday, May 8, 2012 – 11:00 AM ET / 8:00 am PT
PRESENTERS - Dave Weisbeck, CSO, Visier
COST - COMPLIMENTARY
REGISTER - 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.
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
About 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.
IMMEDIATE RELEASE
Vendors selected for the “Cool Vendor” report are innovative, impactful and intriguing
VANCOUVER, BRITISH COLUMBIA, May 2, 2012 - Visier Inc., the innovation leader in delivering workforce analytics through the cloud, today announced that the company has been included in the list of "Cool Vendors" in Human Capital Management Software, 2012 report by Gartner, Inc.
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Gartner’s Cool Vendors in human capital management (HCM) software for 2012 help organizations throughout the full employee life cycle, from workforce planning to separation.
According to Gartner, many organizations have traditionally underinvested in workforce analytics, but they have seen a strong interest starting to build over the last two years and expect to see this trend continue.
Many organizations believe in the power and importance of managing and reporting workforce analytics but a significant amount of organizations are still figuring out how best to access and measure the data more effectively. One problem that often stands in their way—especially when organizations use multiple, disparate HR systems to track HR data—is that they cannot get a unified and comprehensive 360 degree view of their true workforce data, which is necessary to create a people strategy to increase the ROI of their human capital.
Visier Workforce Analytics is an end-to-end, cloud-based application designed to easily identify the key insights necessary to improve the ROI of an organization’s human capital. Visier Workforce Analytics is a powerful, intuitive and interactive solution that uncovers deep insight into the core metrics of your workforce, by answering the most critical and fundamental questions companies have about their workforce, and more importantly, with predictive what-if analysis helps to predict and plan for their future needs.
“We believe our inclusion in the Cool Vendor report by Gartner is further recognition that our mission to empower organizations with the most critical and deepest insights, in order to optimize their people strategy to meet their business strategy, is resonating with both customers and industry influencers,“ according to John Schwarz, Founder and CEO of Visier. “Organizations are realizing that their business strategy cannot be implemented without a supporting people strategy. Traditional human capital management approaches have not provided the necessary insight and analytics to create an effective people strategy. With Visier Workforce Analytics, organizations finally have the solution they need to turn insight into action.”
About the Cool Vendors
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose
About Visier
Headquartered in Vancouver, B.C. and San Francisco, Calif., 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.
Media Contact:
Melanie Aizer
Visier Inc.
(778) 331-6955
melanie.aizer@visier.com
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FOR IMMEDIATE RELEASE
Sherpa Performance Improvement, LLC Forges Strategic Relationship
With Workforce Analytics Innovation Leader, Visier Inc.
Corporate performance initiatives expert enters sales agreement with workforce analytics innovation leader to provide enhanced analytics portfolio
INDIANAPOLIS, Ind., May 1, 2012– Sherpa Performance Improvement, LLC., a leading provider of corporate performance improvement strategies and platforms that drive business growth, announced today that they have entered into a sales agreement with Visier, Inc., an innovation leader in delivering workforce analytics through the cloud, to market the Visier Workforce Analytics solution in the United States.
Visier Workforce Analytics is a cloud-based application designed for HR professionals to easily identify and improve the ROI of their organization’s human capital, by showing companies how to reduce costs, improve productivity, attract and retain top talent, and implement a workforce strategy that supports the business strategy. Visier Workforce Analytics is a powerful, intuitive and interactive solution that uncovers deep insight into the core metrics of a company’s workforce by answering the most critical and fundamental questions facing HR professionals.
Sherpa Performance Improvement provides corporate consulting to improve employee and organizational performance, delivered by a core team of highly trained professionals, implementing strategies to solve complex problems for clients to grow their businesses. Sherpa offers its clients the experience, flexibility and resources needed to design, execute and measure a solution that works best for all organizations.
By adding the Visier Workforce Analytics solution to their sales portfolio, Sherpa can provide its clients with leading-edge workforce analytics technology in the cloud and a new level of insight into their human capital. This insight provides Sherpa and its clients with critical information necessary for performance improvement initiatives. Similarly, Sherpa now offers its experience and knowledge to companies considering Visier Workforce Analytics and can help organizations deploy faster, with more confidence and, most importantly, with greater business impact.
“Visier is a real and tangible breakthrough in workforce analytics that we believe brings significant value to our clients and is a great addition to our Sherpa Analytics portfolio,” says Bill Karwoski, President of Sherpa Performance Improvement. “At Sherpa, we develop and implement performance improvement initiatives that change the behavior of the people who impact your company’s bottom line: your employees, channel partners and customers,” he adds.
Human capital is the cornerstone of a successful business. Visier Workforce Analytics helps HR Professionals bridge the gap between data and decisions. Visier transforms data into valuable insight that identifies problem areas and helps human resource departments quickly deploy solutions to address critical issues such as retention, engagement or productivity. With Visier’s predictive analytics, organizations can also go beyond core HR metrics to understand why people are leaving, how to source more top talent, or who is likely to leave next.
“Partnering with Sherpa Performance Improvement is a natural alignment for Visier. Working together, the two firms can reach a broader customer audience, shorten sales cycles, and create additional value and ROI for customers by delivering the most advanced Workforce Analytics solution in the market and supporting its delivery with the trusted advice and experience of one of the premier services leaders in the HR market,” commented John Schwarz, Visier Founder and CEO.
Companies must align their people strategy with their business strategy in order to be successful and profitable. When integrated with business insights, workforce analytics improve an organization’s human capital ROI and increase the value its workforce delivers to its overall performance. Analytics are the critical key to a more responsive and flexible organization that is ready to meet the ever-increasing challenges in today’s marketplace — as well as tomorrow’s.
About Sherpa Performance Improvement
Sherpa Performance Improvement, LLC. is a privately held company headquartered in Carmel, Indiana. Sherpa’s mission is to help clients identify and resolve pressing business issues by bringing the best minds and solutions to bear to ensure optimal outcomes. Sherpa’s leadership believes that in today's competitive business environment, a new approach is needed to solve everyday business challenges. Sherpa was formed to combine the best and brightest minds with exceptional creative and cutting edge technology to address a company’s most challenging and complex business issues.
Founded in 2010 by business leaders Bill Karwoski and Guy Mascaro, Sherpa has grown quickly into a premier business performance improvement agency providing strategies and solutions to a myriad of clients across multiple industries. Sherpa’s growth has been fueled by the addition of 15 new clients in the past 18 months. Sherpa’s areas of focus include Human Resources Optimization, Sales Force Effectiveness and Customer Acquisition and Retention. For more information, visit http://sherpaperformance.com/
About Visier
Visier, Inc. is a privately held company headquartered in Vancouver, BC and San Francisco, CA. An innovation leader in delivering workforce analytics through the cloud, Visier’s mission is to empower HR professionals with the most critical and deepest insights they need, in order to optimize their people strategy to meet their business strategy.
Founded in 2010 by business intelligence experts, including former Business Objects CEO, John Schwarz, the leadership team has a proven track record of technical, operational and strategic management success with companies including Business Objects, Crystal Decisions, SAP, IBM and Symantec.
Visier is changing how enterprises approach analytics by delivering pre-built analytics that combine the sophistication of predictive capabilities with the ease-of-use of consumer applications. Visier Workforce Analytics empowers human resource professionals to access, measure, predict and share critical workforce data. With Visier Workforce Analytics, HR professionals can easily integrate critical HR and business data in an end-to-end, cloud-based solution, eliminating the need to provision, deploy, manage and maintain expensive disparate HR systems. For more information, visit http://www.visier.com/
Contact: Melanie Aizer
Visier Inc.
Tel: (778) 331-6955
Email: melanie.aizer@visier.com
Contact: Bill Karwoski
Sherpa Performance Improvement, LLC
Tel: (317) 848-2908 ext 104
Cell Phone: (317) 501-7396
Email: BillK@SherpaPerformance.com
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This is part two of a three piece series on the aging workforce by guest blogger Mark Willaman, founder and president of Fisher Vista, LLC, the owners of HRmarketer.
Organizations Lack Appropriate Planning and Forecasting Capabilities to Manage Aging Workforces
Research shows that workforce analytics are increasingly critical to the nation’s top-performing companies. A Harris Interactive 2011 survey of Fortune 1000 companies, for example, shows that 88 percent of participants’ HR leaders meet regularly with their CEOs to ensure that HR’s strategic plan is aligned with corporate strategic objectives. Great news, right? Unfortunately, it’s only half of the story.
The survey also reveals that these companies aren’t giving adequate attention to the inevitable impact of an aging population on their workforce planning:
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Most lack concrete plans and programs (such as phased retirement) to retain older workers who bring value to crucial functions.
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Others have failed to implement practices to transfer the business intelligence of leaders on the verge of retiring.
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Only about half of these companies possess a database that captures information about when these essential employees plan to retire and from which departments and functions.
Clearly, even market-leading employers need to adopt a more sophisticated approach toward workforce planning and optimization, especially where their aging workforces are concerned. And the heart of this more sophisticated approach should be a dedicated workforce analytics solution.
A dedicated workforce analytics solution empowers employers to conduct more strategic workforce planning by enabling them to “scan” their organization, getting a clear and precise snapshot of their workforce composition, gaps and needs. A sound analytics solution gives company’s the information they need to make fact-based decisions and to forecast and plan with greater accuracy through predictive models.
For example, workforce age and retirement forecasting are important subjects when it comes to modern workforce strategy. A dedicated workforce analytics solution helps employers understand the generational make-up of their workforces by giving them the ability to group employees by generation and/or age. This is instrumental for effective retirement forecasting.
The most powerful workforce analytics solutions also offer clustering analysis to help companies identify groups of older employees that will have the most impact on the organization in terms of retirement and talent drain. This greatly enhances an employer’s succession planning and future hiring capabilities.
The ability to analyze trends, to gain insights into specific areas of the organization (whether by geographic region, by department or function, by position, etc.), and to close gaps in workforce needs all derive from the unique predictive and modeling capabilities that a workforce analytics solution delivers.
With such a solution in place, employers can ask and accurately answer key questions including: Which of my employees is likely to retire in the next year, two years, five years? How many of these people are in leadership or management roles? How many possess knowledge and skills that are critical to pass on? What will the generational makeup of the organization look like as these people retire? Do we have plans and programs in place to attract and retain older workers who are in danger of leaving before we want them to?
To cope with the challenges and realities of a rapidly aging workforce, today’s employers need a more sophisticated approach toward workforce planning and optimization. They need the statistical insights and predictive capabilities that a dedicated workforce analytics solution provides.
Mark Willaman is founder and president of Fisher Vista, LLC, the owners of HRmarketer, a marketing software and services firm focusing on the human capital market, and SocialEars, a monitoring service of HR industry's blogs, news stories, tweets and other "shared" social content.