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Work-force analysis assists companies in anticipating what a new organization will look like, what it will cost to operate and the investment required to get there.
Work-force analytics moves beyond the narrow boundaries of the HR function and builds robust strategic and operational models by adding reliable information about workers and the organizational structure to financial, operational and market data. Companies employ work-force analysis to anticipate what the new organization will look like, what it will cost and the investment required to get there. Analysis synthesizes an array of facts to design the organizations and jobs of the future, build effective means of supplying the talent to fill those organizations and understand how to integrate and mobilize workers across geographies and cultures. With such information, executives have the ability to make data-driven decisions based on a clear business case and construct a road map to success.
This excerpt, “Realizing Returns on Your Most Valuable Asset,” was reprinted by permission of Harvard Business Review Press and comes from “Calculating Success: How the New Workplace Analytics Will Revitalize Your Organization,” authored by Carl Hoffmann, Eric Lesser and Tim Ringo.
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