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
    data mining to find the right poly bag makers
    Using Data Analytics to Choose the Best Poly Mailer Bags
    12 Min Read
    data analytics for pharmacy trends
    How Data Analytics Is Tracking Trends in the Pharmacy Industry
    5 Min Read
    car expense data analytics
    Data Analytics for Smarter Vehicle Expense Management
    10 Min Read
    image fx (60)
    Data Analytics Driving the Modern E-commerce Warehouse
    13 Min Read
    big data analytics in transporation
    Turning Data Into Decisions: How Analytics Improves Transportation Strategy
    3 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

Image
Embedding Predictive Analytics in Your Software Product
Interactive Brokers via Matlab
Write on The Emerging Role of the Analyst – SDC’s Analytics Blogarama Oct 6
Extreme Redundancy – Don’t Leave Home Without It!
PyCon 2008 ElasticWulf Slides

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

data mining to find the right poly bag makers
Using Data Analytics to Choose the Best Poly Mailer Bags
Analytics Big Data Exclusive
data science importance of flexibility
Why Flexibility Defines the Future of Data Science
Big Data Exclusive
payment methods
How Data Analytics Is Transforming eCommerce Payments
Business Intelligence
cybersecurity essentials
Cybersecurity Essentials For Customer-Facing Platforms
Exclusive Infographic IT Security

Stay Connected

1.2kFollowersLike
33.7kFollowersFollow
222FollowersPin

You Might also Like

Data Visualization: Making Big Data Dance

4 Min Read

Tips for Leaders – Driving Change with Stories and Numbers

8 Min Read

Consumerization of IT, Social Business and Other Challenges; a View From Latin America

8 Min Read

CIOs Focusing Less on Infrastructure, More on Innovation

5 Min Read

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

giveaway chatbots
How To Get An Award Winning Giveaway Bot
Big Data Chatbots Exclusive
AI chatbots
AI Chatbots Can Help Retailers Convert Live Broadcast Viewers into Sales!
Chatbots

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?