By using this site, you agree to the Privacy Policy and Terms of Use.
Accept
SmartData Collective
  • Analytics
    AnalyticsShow More
    data science anayst
    Growing Demand for Data Science & Data Analyst Roles
    6 Min Read
    predictive analytics in dropshipping
    Predictive Analytics Helps New Dropshipping Businesses Thrive
    12 Min Read
    data-driven approach in healthcare
    The Importance of Data-Driven Approaches to Improving Healthcare in Rural Areas
    6 Min Read
    analytics for tax compliance
    Analytics Changes the Calculus of Business Tax Compliance
    8 Min Read
    big data analytics in gaming
    The Role of Big Data Analytics in Gaming
    10 Min Read
  • Big Data
  • BI
  • Exclusive
  • IT
  • Marketing
  • Software
Search
© 2008-23 SmartData Collective. All Rights Reserved.
Reading: The Rise of Workforce Analytics
Share
Notification Show More
Latest News
ai in automotive industry
AI Is Changing the Automotive Industry Forever
Artificial Intelligence
SMEs Use AI-Driven Financial Software for Greater Efficiency
Artificial Intelligence
data security in big data age
6 Reasons to Boost Data Security Plan in the Age of Big Data
Big Data
data science anayst
Growing Demand for Data Science & Data Analyst Roles
Data Science
ai software development
Key Strategies to Develop AI Software Cost-Effectively
Artificial Intelligence
Aa
SmartData Collective
Aa
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
Last updated: 2012/02/29 at 3:44 PM
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

big data helping job seekers

Can Big Data Help Create Resumes That Will Get You Hired?

Why AI Is The Perfect Recruiting Tool, Even For Small Businesses
The Transformational Power of Big Data For HR
AI: A Harbinger of transformation for HR Software
Finding the Right HR Datafication Solution

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: hr, human resources
Brett Stupakevich February 29, 2012
Share this Article
Facebook Twitter Pinterest LinkedIn
Share

Follow us on Facebook

Latest News

ai in automotive industry
AI Is Changing the Automotive Industry Forever
Artificial Intelligence
SMEs Use AI-Driven Financial Software for Greater Efficiency
Artificial Intelligence
data security in big data age
6 Reasons to Boost Data Security Plan in the Age of Big Data
Big Data
data science anayst
Growing Demand for Data Science & Data Analyst Roles
Data Science

Stay Connected

1.2k Followers Like
33.7k Followers Follow
222 Followers Pin

You Might also Like

big data helping job seekers
Big DataExclusiveJobs

Can Big Data Help Create Resumes That Will Get You Hired?

7 Min Read
artificial intelligence tool for small businesses
Artificial IntelligenceExclusive

Why AI Is The Perfect Recruiting Tool, Even For Small Businesses

8 Min Read
HR
AnalyticsBig Data

The Transformational Power of Big Data For HR

8 Min Read
HR software
Artificial Intelligence

AI: A Harbinger of transformation for HR Software

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 in ecommerce
Artificial Intelligence for eCommerce: A Closer Look
Artificial Intelligence
data-driven web design
5 Great Tips for Using Data Analytics for Website UX
Big Data

Quick Link

  • About
  • Contact
  • Privacy
Follow US

© 2008-23 SmartData Collective. All Rights Reserved.

Removed from reading list

Undo
Go to mobile version
Welcome Back!

Sign in to your account

Lost your password?