Friday 6 May 2016

Transforming Manpower Capital : Workforce Analytics


The requirement for workforce analytics is in high demand as business innovators recognize that the right talent is a foundational necessity to acculturate new, more effective business strategies.  It is equally important to access and analyze the appropriate insights to support talent related business decisions.

Clients are more eager to know their workforce’s analytical capabilities to support their business’ potential.  HR Departments can use workforce analytic insights to deliver the right workforce at the right time to meet business needs that help realize full, competitive potential.

Workforce analytics can find hidden value in an organization’s workforce and can transform this captive, intangible intellectual capital into a tangible balance sheet asset!

Workforce analytics is a multi-step undertaking that requires modular improvement keeping people, technology and processes synchronized in moving from their current state to future optimum levels.


                                              
 ”Phases of workforce analytics"

* Raw data and Reports.
* Benchmarking and Dashboards.
* Workforce surveys and considering use of external parameters.  (This involves complementing appropriate business & technical models and advanced analytics).
* Workforce potential forecasting and planning.
* Predictive analytics and better evaluation of potential business outcomes in reaction to competitive environments.


Note: The
detailed methodology is not discussed due to privacy policy.


Workforce analytics is a process for long term success, placing the 
"right people at right time in the right job ".

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