No dimension of an enterprise is more important, or more expensive, than people. However, the human dimension can often seem too complex to turn into a statistic and limited in opportunity for quantitative observation, refinement, and improvement.
But what if the human element could be quantified in a more multi-dimensional way? As renowned management consultant Peter Drucker once said: “If you can’t measure it, you can’t manage it.” In other words, the more measurable the human dimension can be throughout an employment life cycle, the more effectively workflow and productivity can be managed, and ultimately enhanced.
The better approach is Workforce Analytics.
Workforce Analytics is the comprehensive and continuous assembly and evaluation of data in an organization on “Who is doing what?” and “How well?” around the building, around the country, and around the world. It is about linking measurement and management to not just monitor behavior, but motivate it. It is a way to gain visibility into the organization’s largest single expense, the flexible workforce, to efficiently allocate resources globally and staff projects appropriately. It is a holistic approach, from hiring to retiring and the myriad stops in between that now comprise the ebb and flow of any modern workforce. Successful workforce analytics is about a streamlined, inspired workforce firing on all cylinders, so that your company does not just survive – it thrives.