Vision of Workforce Analytics – the fundamentals

In the book ‘The Power of People’ Guenole, Ferrar and Feinzig discuss the emerging phenomenon ‘Workforce Analytics’:

the discovery, interpretation, and communication of meaningful patterns in workforce-related data to inform decision making and improve performance.

Workforce analytics allows organizations to gain insight about people, offering competitive advantage to improve business performance. The book is divided into four sections, in which this blog addresses the first part: understanding the fundamentals. Part I focuses on how workforce analytics got its name, why it is important, and its potential business impact. It also articulates a recommended approach to undertaking any analytics project, to ensure that it has purpose and clarity and also uses robust research design and analysis. Finally, the important role of the workforce analytics leader is discussed and why that person is essential for success.

Click to enlarge (open in PDF)

REFERENCES
Photo: Tesla Motors Factory
Book: The Power of People
Freehand drawing images: Pictofigo

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