Using workforce analytics to achieve competitive advantage

In today’s increasingly complex business environment, organisations are challenged to build, retain and manage ever more flexible, agile workforces, with additional complexities emerging from increased global competition, regulation, skill shortages and demographic shifts.

Business executives need deeper insight to make better decisions about their people and respond to market challenges. We believe that this insight can take two forms:

  • Short term - Learning how to better align and motivate workers to achieve the current business strategy
  • Long term - Understanding what changes in the workforce and its management will be required to achieve future competitive advantage

Forward thinking leaders are increasing the sophistication of their workforce analytics practices to obtain this crucial insight and respond to market and people challenges. Leaders need to understand what drives business results, what will likely happen going forward and how they should respond. This involves moving from standard metrics, reports and benchmarking to advanced analytics solutions.

Workforce Analytics, MI and dashboards imageThe diagram to the right outlines the level of insight achievable for varying stages of analytics maturity.

We would be delighted to share with you examples of how we can help organisations use workforce analytics. Some examples include:

  • Aligning and motivating workers to achieve your business strategy
  • Linking Employee Survey results to bottom line financial performance and productivity
  • Retaining top talent through predicting future high risk business areas / populations
  • Developing optimal reward portfolios for diverse employee segments based on preferences and values