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
    sales and data analytics
    How Data Analytics Improves Lead Management and Sales Results
    9 Min Read
    data analytics and truck accident claims
    How Data Analytics Reduces Truck Accidents and Speeds Up Claims
    7 Min Read
    predictive analytics for interior designers
    Interior Designers Boost Profits with Predictive Analytics
    8 Min Read
    image fx (67)
    Improving LinkedIn Ad Strategies with Data Analytics
    9 Min Read
    big data and remote work
    Data Helps Speech-Language Pathologists Deliver Better Results
    6 Min Read
  • Big Data
  • BI
  • Exclusive
  • IT
  • Marketing
  • Software
Search
© 2008-25 SmartData Collective. All Rights Reserved.
Reading: The Rise of 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 > Analytics > The Rise of Workforce Analytics
Analytics

The Rise of Workforce Analytics

Brett Stupakevich
Brett Stupakevich
4 Min Read
SHARE

WorkforceAnalytics PersonIcon3DGeneric 150x150 photo (advanced analytics)A growing number of human resources (HR) teams are using workforce analytics to help with workforce charting, workforce/skills optimization, succession pl

WorkforceAnalytics PersonIcon3DGeneric 150x150 photo (advanced analytics)A growing number of human resources (HR) teams are using workforce analytics to help with workforce charting, workforce/skills optimization, succession planning and other aspects of talent management.

And while the use of workforce analytics is still early stage for many companies, the use of these tools will become even more strategic going forward as the global economy continues to gain strength and companies find themselves at war for people with different types of skills.

For instance, a recent study conducted by Harris Interactive on behalf of Human Resource Services Inc. finds that workforce analytics will be used to a greater degree to assist with workforce performance and to support strategic workforce planning, including succession planning efforts.

More Read

Image
Can You Predict Crowd Behavior? Big Data Can
6 Ways Data Analytics Can Improve Targeting with LinkedIn Ads
Rexer Data Mining Survey Results
Common Ground: Solving the Survey-GIS Gap
How to Transform Customer Retention with Analytics

The study reveals that among the “more advanced analytics” companies, or 15% of the 224 HR chiefs, CEOs and other CXOs who were surveyed, 88% report that they use a database or other means to track the planned retirement of executive leaders and others in mission-critical roles to ensure a succession plan is in place versus 43% of other companies.

Meanwhile, 68% of advanced analytics companies say they’re developing creative programs to meet the needs of different generations within their respective workforces versus 31% of other respondents.

As a recent report on the topic by Deloitte notes, given the importance of people and talent for the success of any organization, it’s time for organizational leaders to move beyond gut instincts and “tribal wisdom” in making workforce decisions. This can include the use of predictive analytics to help determine the likelihood that a valued employee will leave the company within the next six months as well as the likely causes for departing.

Workforce analytics can help HR managers and other supervisors make better decisions about hires as well as near-term and long-term skill sets that are needed by the organization. Most decision makers don’t have a complete understanding of the current needs of their workforce, much less their future needs.

Decision makers can leverage workforce analytics to better identify and anticipate skill set needs. In addition, they can also use workforce analytics to recruit more effectively, including identifying the right recruitment strategies for attracting people with specific skills.

The benefits of workforce analytics don’t stop there. Because companies today rely so heavily on contract workers as well as mobile and geographically-dispersed employees, workforce analytics can help business leaders better identify effective strategies for balancing skill sets most effectively across different layers of the organization.

Decision makers often say that people are their most important assets. If that’s true, then they should back this up by using the best available tools to manage those assets most effectively.

Next Steps

  • Download this complimentary “5-Minute Guide to HR Analytics“, and learn the three critical capabilities a modern analytic environment must provide to the entire spectrum of HR staff so they can adequately support the enterprise.
  • Subscribe to our blog to keep up to date on workforce analytics and other data analytics topics.

TAGGED:hrhuman resources
Share This Article
Facebook Pinterest LinkedIn
Share

Follow us on Facebook

Latest News

sales and data analytics
How Data Analytics Improves Lead Management and Sales Results
Analytics Big Data Exclusive
ai in marketing
How AI and Smart Platforms Improve Email Marketing
Artificial Intelligence Exclusive Marketing
AI Document Verification for Legal Firms: Importance & Top Tools
AI Document Verification for Legal Firms: Importance & Top Tools
Artificial Intelligence Exclusive
AI supply chain
AI Tools Are Strengthening Global Supply Chains
Artificial Intelligence Exclusive

Stay Connected

1.2kFollowersLike
33.7kFollowersFollow
222FollowersPin

You Might also Like

Visier Workforce Analytics After the Show

5 Min Read

Mercer Total Compensation Management Analytics Help Retain Talent

5 Min Read
big data HR
AnalyticsBest PracticesBig DataBusiness IntelligenceCulture/LeadershipData ManagementInside CompaniesWorkforce AnalyticsWorkforce Data

HR Vendors: Is It Time to Stop Talking About Big Data?

0 Min Read

Kronos Supercharges Workforce Analytics with New Technology

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.

ai is improving the safety of cars
From Bolts to Bots: How AI Is Fortifying the Automotive Industry
Artificial Intelligence
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?