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Top Five Metrics for Workforce Analytics

Published By: Saba Software
Saba Software
Published:  Feb 02, 2012
Length:  9 pages

The potential of these top five metrics is significant, and the greatest value can be achieved when they are linked to financial metrics, such as revenue or profit for FTE, for example. By leveraging key metrics to predict future outcomes, organizations have the ability to identify potential issues before they become problematic, calculate the financial impact, and formulate a strategy for intervention. Organizations can use these top metrics to move from awareness to excellence in their human capital practices, and as an important step to enable predictive analytics and advanced workforce planning. In addition, these metrics are critical components for analysis to quantify the ROI of workforce decisions, identify employee success profiles and develop a true talent management strategy at any organization. For maximum impact, measurement should be conducted across all elements of the employee lifecycle.

Tagsworkforce cost, management cost & structure, workforce analytics, workforce analysis, workforce management system, workforce planning, workforce planning models