Workforce analytics is a combination of software and methodology that applies statistical models to worker-related data, allowing enterprise leaders to optimize human resource management (HRM).
Workforce analytics can help enterprise leaders to develop and improve recruiting methods, make general and specific hiring decisions, and keep the best workers with the company. In addition, workforce analytics can help management personnel to:
- Predict the probability of an individual employee's success.
- Identify the need for new departments and positions.
- Determine which departments or positions can be reassigned or eliminated.
- Identify and quantify physical risks to employees in specific positions.
- Identify and quantify factors that influence employee job satisfaction.
- Analyze and predict current and future technological needs.
- Assign and delegate responsibility for tasks and goals.
- Optimize the enterprise's organizational structure.
- Help the enterprise to identify, encourage, and cultivate its future leaders.
This was last updated in March 2012
Posted by: Margaret Rouse
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