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Workforce Analytic Capability Paper

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Analytics Capability Building
The need for expanded workforce analytical and reporting capabilities is becoming more urgent as the economy recovers, regardless of the pace of the rebound. Competition for top performing employees is expected to heat up, compelling organizations to do a more effective job of planning for workforce needs, retaining key people, and attracting the desired new talent.
Many HR executives acknowledge the need for more current, meaningful, and cost-effective information about their global workforce. They understand that organizations should be able to take their HR data to the next level of value equipped to create greater visibility as well as more actionable outcomes associated with complex business problems such as workforce planning, recruiting and retention, education and training, rewards, and a host of other workforce-related strategies.

The five capability enablers
Technology and data are at the heart of leading-edge analytics solutions. But they are just two pieces of the puzzle. Creating advanced workforce analytical capabilities requires consideration of five interrelated dimensions. By addressing the people, process, technology, data, and governance aspects of implementation, HR organizations can better equip themselves to meet workforce planning, recruitment, and retention …show more content…

People :The new analytical tools are powerful, but their full benefit and value may be best realized when people use the data to analyze and take the appropriate actions. The true value of Workforce Analytics is the ability to use the tools, the ability to think analytically about business issues and respond to increasingly sophisticated questions from the business units and leadership. This requires building a sustainable capability through an organization of analytical professionals. It is also a journey as the people require periodic reassessment and realignment of business-oriented analytical skill sets as your HR function and analytics

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