Using Workforce Analytics to Drive Business Results

•

4 likes•1,984 views

As the complexity of workforce challenges continues to rise, so has the demand for more quantitative approaches to solving tough people-related challenges in organizations. To better understand the state of affairs in workforce analytics, we spoke with over 40 game changers to discover the problems they are trying to solve, the approaches they are using and the pitfalls they’ve encountered.

Recruiting & HR

z
Unlock the people equation:
Using workforce
analytics to drive
business results
An IBM Institute for Business Value Workforce Analytics Study

z
<20%
As the complexity of workforce challenges continues to rise, so has the demand
for more quantitative approaches to solving tough people-related challenges in
organizations. To better understand the state of affairs in workforce analytics,
we spoke with over 40 game changers to discover the problems they are trying
to solve, the approaches they are using and the pitfalls they’ve encountered.
of organizations are able to apply predictive analytics to address people issues

z
Primary drivers of
workforce analytics
Shifts in
strategic
direction
Company-
wide analytics
mandate and
maturity
Pressing
workforce
challenges
Emerging
data
sources
Regulatory
and
compliance
issues
Labor
market
trends
Workforce
Analytics
InternalDrivers
ExternalDrivers

z
Analytics approaches
>40%
of organizations
are limited to basic
HR reporting
capabilities
...yet emerging approaches are on the horizon
Social analytics
Neuroscience analytics
Sensor-based analytics
External labor market information

z
Top business problems
addressed with workforce analytics as identified by leading HR practitioners
Transforming the
business model
Enhancing
customer
experience
Accelerating
sales
Managing risk
Increasing
innovation
Optimizing costs

z
Common
pitfalls
Guidelines
for success
• Being too HR centric
• Seeking data nirvana before
starting workforce analytics
• Positioning analytics as a
substitute for human judgment
• Link to overall business strategy
• Take actions based on
discovered insights
• Demonstrate the ROI
• Build the capacity to scale

z
How to get started with
workforce analytics
Choose early winners
Start small and grow
Ride a transformational wave
Leverage symbiotic relationships

z
Ready to learn more about
using workforce analytics?
Get your insider's guide to workforce analytics. Learn the forces propelling
organizations towards the use of workforce analytics, the organizational
capabilities required for workforce analytics optimization, and how
organizations are using workforce analytics to impact the business.
Read the full report ibm.com/smarterworkforce

What's hot

Hr Analytics

Data Science Thailand

Hr Analytics

Atif Shaikh

A Playbook for Diversity Analytics and Strategy Development

William Gaker

Measuring Employee Performance with HR Analytics - HRMATT

HRMATT

Hr Analytics Certification

GautamPandey056

Predictive HR Analytics report 2016

Nora Jaavall Hansen

A Primer on HR Analytics

Workforce Group

For the last 18 months, the consulting team at Media 1 has read tens of thousands of pages of research, presentations, and white papers on analytics as it relates to people and performance. When we came across especially interesting content, we added it to a master list of resources. The following 58 Quotes, Facts, Benchmarks, and Best Practices on People and Analytics where curated from that list in the hopes that people will use them in support of creating great places to work.

58 Quotes, Facts, Benchmarks, and Best Practices on People and Analytics

Harrison Withers

HR ANALYTICS

Shivam Agarwal

What is HR analytics? An Introduction

Erik van Vulpen

Hr analytics

Shubham Singhal

HR Analytics- Analytics Based Retention Strategies

TEJAS KUMAR

Supporting 30,000 employees worldwide, the Workforce Information team at Micron Technology Inc. has a clear vision: When someone thinks of analytics at Micron, they want that person to think of HR. For most companies today, that seems a tall order to fulfill. And with Micron’s highly technical staff of more than 10,000 engineers, it was a particularly bold aspiration. Over the past two years Micron’s Workforce Information team, working within the HR department, has made significant progress in achieving that goal. Since implementing Visier Workforce Analytics in late 2013, Micron’s Workforce Information team has rolled out self-service analytics to more than 150 HR leaders and business partners and more than 800 business-area managers globally. As a result, Micron is uncovering new workforce insights that can be used to make decisions that are closely linked to business performance. For more than 30 years, Micron’s teams of dreamers, visionaries and scientists have redefined innovation — designing and building some of the world’s most advanced memory and semiconductor technologies. Join 2014 Brandon Hall Excellence in Technology award-winner Tim Long, director of Workforce Information at Micron, as he discusses his team’s journey in enabling HR to “demand evidence and think critically.” Long will share his team’s experience: Developing global standards for workforce data. Implementing a highly scalable solution for workforce analytics on demand. Fostering a data-driven culture within HR. Leveraging workforce analytics in HR processes, such as compensation reviews.. Speaker: Tim Long - Director of Workforce Information Micron Technology INC. As the director of Workforce Information at Micron Technology Inc., Tim Long leads a team of business intelligence engineers, analysts and data scientists to create insight from workforce data. Long’s team supports Micron’s strategic commitment to data-driven decision making helping to inform people decisions with sound analytics. Long holds a bachelor’s degree in mechanical engineering from the University of Wyoming and a master’s degree in business analytics from New York University’s Stern School of Business

Case Study: Building a Culture of Analytics in HR at Micron

Human Capital Media

Hr analytics whywhathow

vikrant dayala

HR Analytics

Shojibul Alam Shojib

The majority of organizations (54%) use people analytics to improve HR effectiveness today. Organizations more frequently rely on people analytics to improve business outcomes, organizational performance and achieve labor cost savings. People Analytics allows HR to gain a more strategic role in the organization and clearly show its impact. Advanced organizations use data to analyze the workforce proactively, make predictions, and create and monitor comprehensive workforce plans to achieve financial success. HR data has become an strategic priority, but it takes efforts in order to enable the usage of it.

How to Start People Analytics Practice?

Martin Boudikianov

A well-designed and mature HR Case Management solution can provide great value through powerful analytics. By delivering HR Help Desk Key Performance Indicators (KPI) in a graphical Executive Dashboard format, senior management will have the right information at their fingertips, in real time and with pain points clearly and visually presented, to make the critical decisions necessary to maximize organizational performance. We will also show how this valuable data can enhance other KPI tools such as Balanced Scorecard analytics. Find out why Big Data analytics is truly a necessity to succeed in today's highly competitive business climate! We will discuss and demonstrate how LBi HR Help Desk analytics can transform your organization by providing a keen understanding of your workforce dynamics, including exposure to general employee attitudes, management issues, festering labor disputes, and other workplace concerns that can impact productivity

HR Analytics and KPIs with LBi HR HelpDesk

LBi Software

The People Analytics Revolution

Tom Stroud

HR Analytics

Henner Schliebs

Way before anyone began using the term BIG to describe data, Human Resources professionals had been using HR Metrics. So why is Big Data such a Big Deal? In this session, we will discuss HR Metrics, Big Data and HR Analytics. We’ll uncover the real reasons you really need HR Analytics and dissect a few myths that could be holding you back from making the shift. We will then take a tactical approach diving into some practical tips and best practices on how you can get your organization up and running with HR analytics. A storytelling session, exemplified through data, will cover everything from a talent strategy overhaul, to implementing emerging technologies, and how to tenaciously keep shaking things up - even when things don't go as planned. Practical tips to start using predictive HR analytics in your organization. Creating a distinction between HR Metrics, Big Data and Analytics. Big Data progression and how this can affect your department.

The Future of HR: From Metrics to Analytics [Webcast]

LinkedIn Talent Solutions

What's hot (20)

Hr Analytics

A Playbook for Diversity Analytics and Strategy Development

Measuring Employee Performance with HR Analytics - HRMATT

Hr Analytics Certification

Predictive HR Analytics report 2016

A Primer on HR Analytics

58 Quotes, Facts, Benchmarks, and Best Practices on People and Analytics

HR ANALYTICS

What is HR analytics? An Introduction

Hr analytics

HR Analytics- Analytics Based Retention Strategies

Case Study: Building a Culture of Analytics in HR at Micron

Hr analytics whywhathow

HR Analytics

How to Start People Analytics Practice?

HR Analytics and KPIs with LBi HR HelpDesk

The People Analytics Revolution

HR Analytics

The Future of HR: From Metrics to Analytics [Webcast]

Similar to Using Workforce Analytics to Drive Business Results

Enabling the workforce to drive the business IBM Talent and Change services and Smarter Workforce solutions combine market-leading talent management and social collaboration tools with the power of workforce science and advanced analytics. They enable organizations to attract, engage and grow topperforming talent, create an engaging social and collaborative culture, and connect the right people to get work done. We help organizations build an impassioned and engaged workforce and deeper client relationships leading to measurable business outcomes.

Ibm smarter workforce Unlock the people equation using workforce analytics to...

Pauline Mura

Seven Habits of Dysfunctional HR Organizations (SUBMITTED)

Mark Berry

Talent analytics is quickly becoming a core HR function for many companies, but many are still just getting started building their own analytics teams. While there are many promising technologies and research methods available, many HR leaders are wondering where to get started, where to focus, and how to impact the business with insight from analytics. What does success look like? How do we build credibility while also improving our ability to answer complex, strategic questions? How do we realize our vision of using analytics to make HR a strategic business partner? Two years ago at LinkedIn, we were asking ourselves these same questions and have a learned a great deal along the way. The focus of this webinar is to share our journey in building a talent analytics function, discuss the purpose of the field, and communicate some guiding principles for building a talent analytics function at your company.

Crafting a talent analytics function and building strategic partnership

William Gaker

HR Metrics_Chapter 1A.pptx

KisankumarSahoo

Andy Vanzurpele HR Planning & Analytics - ING Belgium

HRmagazine

The Changing Role of Information to Drive Competitive Intelligence

Manzama

Talent Analytics

Jeff Grisenthwaite

Business analytics workshop presentation final

Brian Beveridge

HR Analytics - PAaDS2016

PanaEk Warawit

Visier-Datafication-of-HR.pdf

HarmanSingh510326

Using Human Capital Metrics

H3 HR Advisors, Inc.

Insights Success is a platform that focuses distinctively on emerging as well as leading IT companies, their confrontational style of doing business and way of delivering effective and collaborative solutions to strengthen market share.Our magazine talks about leaders and orators from the world of technology, which includes CEO’s, CIO’s, VP’s, Managers and other professionals who had set a benchmark in the revolution of IT industry.

Insights success august 2016 the 50 fastest growing consultant companies

Merry D'souza

Workforce Analytics-Big Data in Talent Development_2016 05

Rob Abbanat

How can you build a business case to get your workforce analytics initiative funded this year, not this decade? And why should you care? It is commonly understood that companies with workforce analytics capabilities outperform their peers in quality of hire, retention and leadership capabilities. Yet, recent research by Harvard Business Review has found a large gap between what companies expect from human resources — data-driven insight and action —and the capabilities that are necessary to deliver it. In fact, Deloitte University Press’ Global Human Capital Trends report found that although 75 percent of companies believe workforce analytics is important, only 8 percent believe their company is “strong” in this area — almost the same results as their 2014 survey. HR expert Josh Bersin has coined the term “stuck in neutral” to describe HR’s slow adoption of workforce analytics. Why is this? Why does it matter? And what can you do to accelerate your movement toward data-driven HR? In this webinar, analytics expert Dave Weisbeck will discuss: The drivers behind the datafication of HR. How to build a business case for workforce analytics. Examples of workforce analytics at work.

The Datafication of HR: Building your Business Case for Workforce Analytics a...

Human Capital Media

With recent articles like Harvard Business Review’s “It’s Time to Split HR,” written by world-renowned business adviser and author Ram Charan, and Bersin Insights’ “Will HR Lose the Battle Over Analytics,” written by industry analyst Karen O’Leonard, 2016 represents a pivotal year for human resources. The global economic recovery, compounded by demographic shifts, is moving power from employers to employees, turning labor into a seller’s market. As a result, the workforce is becoming an increasingly core strategic consideration to businesses. Yet the most commonly monitored workforce metrics do very little to deliver true insight into workforce topics. Leaders need to graduate from metrics to analytics, surfacing the important connections and patterns in their data to make better workforce decisions. Join expert Dave Weisbeck as he discusses how HR can play a more critical role driving business performance than ever before. In this informative webinar, Weisbeck will discuss how you can graduate from metrics to analytics, ramping up from operational reporting to strategic analytics and planning. In this session, participants will learn: Trends shaping the datafication of HR, including the case for and against splitting HR. How HR can climb the workforce intelligence maturity curve, defining key terms and concepts. The future of HR as a strategic advisor, with examples of how to graduate from metrics to analytics in: Recruiting effectiveness, Performance management, Talent retention, Comp and benefits, and Workforce costs Common pitfalls to avoid.

The Datafication of HR in 2016: Graduating From Metrics to Analytics

Human Capital Media

Employer brand has been around as a term for decades and is a well-established practice, in fact in a recent study conducted by LinkedIn, the results showed that 83% of recruiting leaders believe employer brand has significant impact on their ability to hire top talent. During the last few years, with the rise of Social networks, your reputation as a place to work is based on much more than what you say about it. At LinkedIn we use the term ‘talent brand’ because we think it better reflects the fact that your reputation now incorporates what talent – past, present and future employees – think, say and share about your company as a place to work. In this session, Munish Sudan will talk about the importance of Talent Brand in the competitive environment we live in and how can LinkedIn help your enterprise build a strong online presence. This presentation was used at HR Summit and Expo 2013 www.hrsummitexpo.com

The Importance Of Building a Strong Talent Brand, Munish Sudan

The HR Observer

Parris Wolfe Data Management Presentation

ExecutiveSupport

Predicting your employees !

Philippe Nemery

Analytics Driving Action - Building a Data-Driven HR Function

Jonathan Sidhu

More and more large organizations are creating teams of experts who specialize in workforce analytics, and for good reason. Research has shown that companies that put workforce intelligence to work profoundly improve their business results - seeing higher margins, better stock performance, and improved return on equity. But frustratingly, the data-driven HR mindset has been slow to grow within organizations beyond HR analysts -- who typically serve a constrained number of leaders with data and insights. Josh Bersin of Bersin by Deloitte aptly said that most HR organizations are “stuck in neutral” with workforce analytics. Given its importance, how can you extend the mindset to bring value to the entire HR team and the organization? In this webinar, analytics expert Ian Cook will take you through the ways that you can: Give HRBPs the tools they need to be strategic by enabling them with guided, self-service analytics Extend datafication to business leaders by connecting workforce metrics to the business results they care about Build a data-driven mindset and skillset throughout your HR team

The Datafication of HR: How to Go from So What to Now What

Human Capital Media

Similar to Using Workforce Analytics to Drive Business Results (20)

Ibm smarter workforce Unlock the people equation using workforce analytics to...

Seven Habits of Dysfunctional HR Organizations (SUBMITTED)

Crafting a talent analytics function and building strategic partnership

HR Metrics_Chapter 1A.pptx

Andy Vanzurpele HR Planning & Analytics - ING Belgium

The Changing Role of Information to Drive Competitive Intelligence

Talent Analytics

Business analytics workshop presentation final

HR Analytics - PAaDS2016

Visier-Datafication-of-HR.pdf

Using Human Capital Metrics

Insights success august 2016 the 50 fastest growing consultant companies

Workforce Analytics-Big Data in Talent Development_2016 05

The Datafication of HR: Building your Business Case for Workforce Analytics a...

The Datafication of HR in 2016: Graduating From Metrics to Analytics

The Importance Of Building a Strong Talent Brand, Munish Sudan

Parris Wolfe Data Management Presentation

Predicting your employees !

Analytics Driving Action - Building a Data-Driven HR Function

The Datafication of HR: How to Go from So What to Now What

More from IBM Smarter Workforce

How to lose new hires in 10 easy steps

IBM Smarter Workforce

HR Experts Share How Analytics are Shaping a #SmarterWorkforce. “Adoption of new ways of looking at analytics will be a powerful force of growth and indicators of performance.” - China Gorman @ChinaGorman “Use data analytics to make everyone in HR be more strategic instead of tactical.” - Joel Peterson @joelyoh “When you find the right structure, you need to help people find the value of analytics.” - Mike Woodward “Dr. Woody” @DrWoody “Are you adopting analytics inside your company as you should? Using analytics to hire the right people is a culture question.” - Meghan M. Biro @MeghanMBiro “What data today that we hold precious will we not care about in the future?” - Duke Daehling @DukeDaehling “Strong leadership and integrating analytics is key to work in tandem to validate our human gut instinct.” - Brian Moran @BrianMoran “As we’re trying to move into analytics, we need to find a balance and keep the human in human resources.” - Mike Haberman @MikeHaberman To learn about IBM workplace analytics solutions, visit ibm.com/kenexa-unlocked #SmarterWorkforce

HR Experts Share How Analytics are Shaping a #SmarterWorkforce

IBM Smarter Workforce

IBM Smarter Workforce Summit Toronto 2015: Creating a “Quality” Quality of Hi...

IBM Smarter Workforce

IBM Smarter Workforce Summit Toronto 2015: Getting Better Together: Enabling ...

IBM Smarter Workforce

IBM Smarter Workforce Summit Toronto 2015: From HR Survey to Driving Performa...

IBM Smarter Workforce

IBM Smarter Workforce Summit Toronto 2015: Learning Content Management...Syst...

IBM Smarter Workforce

IBM Smarter Workforce Summit Toronto 2015: Creating Compensation Ambassadors

IBM Smarter Workforce

IBM Smarter Workforce Summit Toronto 2015: Hiring Top Talent Through Smarter ...

IBM Smarter Workforce

IBM Smarter Workforce Summit Toronto 2015: What is Your Critical Skills Gap?

IBM Smarter Workforce

IBM Smarter Workforce Summit Toronto 2015: HR at a Turning Point

IBM Smarter Workforce

IBM Smarter Workforce Summit Toronto 2015: Changing Culture and Driving Perfo...

IBM Smarter Workforce

$IBM Smarter Workforce Summit Toronto 2015: Calfrac's Journey to Improved Enga...$ $IBM Smarter Workforce Summit Toronto 2015: Calfrac's Journey to Improved Enga...$

IBM Smarter Workforce Summit Toronto 2015: Calfrac's Journey to Improved Enga...

IBM Smarter Workforce

Creating a course for success at AMD

IBM Smarter Workforce

Energizing lifes work

IBM Smarter Workforce

More from IBM Smarter Workforce (14)