Achieve Greater Business Impact With Workforce Analytics — Empower Your Organization To Make Better, More-Informed Decisions About Your Workforce
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.
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FOUR KEY RECOMMENDATIONS 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.