What are Workforce Analytics?
Analytics aren’t just for statisticians anymore. A growing number of organizations are using analytics to examine and act upon data about their people in the workplace. Known as workforce analytics, these sophisticated tech tools are changing the HR game, and those companies willing and able to harness the power of Big Data for analytics are seeing great gains and meaningful advantages over their competition.
HR leaders use workforce analytics in various forms, such as predictive and prescriptive analytics. The former helps managers comb through mounds of data about their people to determine information such as which talent have the greatest potential of success with the organization or are most likely to leave in the near future. The latter takes analytics a step farther and prescribes actions HR leaders can take to help develop and retain key members of the workforce, based on data uncovered from predictive analytics.
At Ultimate Software, our award-winning solution for HR, payroll, and talent management, UltiPro®, offers a range of predictive and prescriptive analytics designed to combine managers’ expertise with proven algorithms. The winning result? Knowledge without bias.
Learn more about UltiPro’s workforce analytics tools today, and check out this video on predictive analytics driven by Big Data.
HR’s Secret Weapon: The Power of Big Data
Big Data is more than just some buzz word. Discover Big Data’s critical role in powering workforce analytics and the difference this technology can make for your organization.
Download Workforce Analytics Whitepaper
Demystifying Predictive Analytics
Hear how workforce analytics help HR leaders make smarter, data-driven decisions, in this on-demand webcast featuring Dr. Laurie Bassi, CEO of McBassi & Company, and Steven VanWieren, principal data scientist at Ultimate Software.
Watch Workforce Analytics Webcast