Cookies help us display personalized product recommendations and ensure you have great shopping experience.

By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
SmartData CollectiveSmartData Collective
  • Analytics
    AnalyticsShow More
    warehouse accidents
    Data Analytics and the Future of Warehouse Safety
    10 Min Read
    stock investing and data analytics
    How Data Analytics Supports Smarter Stock Trading Strategies
    4 Min Read
    predictive analytics risk management
    How Predictive Analytics Is Redefining Risk Management Across Industries
    7 Min Read
    data analytics and gold trading
    Data Analytics and the New Era of Gold Trading
    9 Min Read
    composable analytics
    How Composable Analytics Unlocks Modular Agility for Data Teams
    9 Min Read
  • Big Data
  • BI
  • Exclusive
  • IT
  • Marketing
  • Software
Search
© 2008-25 SmartData Collective. All Rights Reserved.
Reading: Control Business Costs with Workforce Analytics
Share
Notification
Font ResizerAa
SmartData CollectiveSmartData Collective
Font ResizerAa
Search
  • About
  • Help
  • Privacy
Follow US
© 2008-23 SmartData Collective. All Rights Reserved.
SmartData Collective > Data Management > Culture/Leadership > Control Business Costs with Workforce Analytics
Culture/LeadershipData QualityData VisualizationPredictive AnalyticsSecurityWorkforce Data

Control Business Costs with Workforce Analytics

Sarah Smith
Sarah Smith
4 Min Read
SHARE

Workforce analytics uses software, methodology, and data to analyze how people behave in the work environment. Many corporations use workforce analytics to specialize their Human Resource Management teams and create safer, more efficient workplaces.

Workforce analytics uses software, methodology, and data to analyze how people behave in the work environment. Many corporations use workforce analytics to specialize their Human Resource Management teams and create safer, more efficient workplaces.

In the past, regular reports and spreadsheets limited the ability of managers to understand human interactions within their organization. With the advent of Big Data and powerful software, real-time information about workforce performance and events became available, helping companies to optimize every aspect of the employee experience.

The Benefits of Workforce Analytics

More Read

big data skills
How Companies are Meeting the Big Data Skills Challenge
Dr Gates was right, or how I learned to stop worrying and love the spam
Big Data – Big Change or Big Hype?
Real-Time Interactive Data Visualization Tools Reshaping Modern Business
Because it’s Friday: Minard goes Mainstream

Workforce analytics enables companies to track and predict employee behavior. Managers can act on the data they receive to create an efficient, satisfied, and motivated workforce that produces more in a safe, conducive environment. Throughout the entire employee life cycle, analytics guides companies in the making of useful, profitable, and safe decisions.

Thanks to Big Data, workforce analytics software can immediately influence the hiring practices of any organization. Starting with the creation of job descriptions and worker roles, managers can identify and recruit the people with the best chances to succeed in their organization.

Through the use of analytics, companies can make better hiring choices and monitor the performance of employees in real time. Managers can quickly reassign workers identified as injury prone, to keep costs down and avoid litigation. Similarly, companies can use analytics to target unproductive workers for retraining or termination.

Companies also use workforce analytics to refine their organizational structure and develop talent and leadership within their organizations. Similarly, analytics can help identify current and future technology needs that can keep a business competitive.

Armed with data provided by their workforce analytics systems, companies will have an easier time documenting and justifying employment decisions, resulting in fewer worker-related legal problems.

The Future of Employment Litigation

Lawyers can use the information gained from workforce analytics to defend employers from worker related legal claims. When data exists to document proper safety procedures and fair labor relations, companies can significantly reduce their exposure to expensive regulatory fines and punitive damage awards. Analytics data, however, can also hurt employers.

Personal injury lawyers can subpoena workforce analytics to substantiate employee injury and negligence claims. Analytics data might also prove other worker grievances including claims of workplace intimidation or violations of workplace health and safety regulations.

In the end, companies that use workforce analytics will most likely work to create healthy, safe, and fair workplaces, knowing the benefits and risks of their software. Although workforce analytics offers surprising insight concerning the operation of a business, mistakes still happen.

When something goes wrong in a company, the availability of analytics data should motivate employers to resolve quickly worker claims and take steps to address problems identified or predicted by their software.

Share This Article
Facebook Pinterest LinkedIn
Share

Follow us on Facebook

Latest News

Diverse Research Datasets
The 5 Best Platforms Offering the Most Diverse Research Datasets in 2026
Big Data Exclusive
macro intelligence and ai
How Permutable AI is Advancing Macro Intelligence for Complex Global Markets
Artificial Intelligence Exclusive
warehouse accidents
Data Analytics and the Future of Warehouse Safety
Analytics Commentary Exclusive
stock investing and data analytics
How Data Analytics Supports Smarter Stock Trading Strategies
Analytics Exclusive

Stay Connected

1.2KFollowersLike
33.7KFollowersFollow
222FollowersPin

You Might also Like

advantages of data visualization
AnalyticsData Visualization

Data Visualization: A Scientific Treatment

33 Min Read

Bridging the Communications Gap Between Utilities and Consumers

6 Min Read

Big Data and Predictive Analytics in Video Games

2 Min Read

Six IT Essentials for Life Science Systems Integration

9 Min Read

SmartData Collective is one of the largest & trusted community covering technical content about Big Data, BI, Cloud, Analytics, Artificial Intelligence, IoT & more.

ai chatbot
The Art of Conversation: Enhancing Chatbots with Advanced AI Prompts
Chatbots
ai is improving the safety of cars
From Bolts to Bots: How AI Is Fortifying the Automotive Industry
Artificial Intelligence

Quick Link

  • About
  • Contact
  • Privacy
Follow US
© 2008-25 SmartData Collective. All Rights Reserved.
Go to mobile version
Welcome Back!

Sign in to your account

Username or Email Address
Password

Lost your password?