Download Visier's new complimentary white paper from Visier, “Creating the Business Case for Workforce Analytics: Quantifying the Business Value," that outlines the creation of a business case for workforce analytics. Designed for HR professionals, the white paper provides best practices, practical advice and a methodology to both quantify the ROI of workforce analytics, and to encourage management to act on insights gained from the analysis.

Complexity in today’s workforce, new technology investments, economic pressures, finding talent to gain a competitive edge, aligning the people strategy with the business strategy and unleashing creativity are driving a change in HR to be information-savvy. Today’s leaders are faced with unrelenting pressure to drive both strategic and operational performance for their organizations. Workforce analytics can help those leaders: reduce labor costs, improve productivity, attract and retain top talent, and implement workforce strategies to support key business objectives. Businesses exist to grow profits. Regardless of how well a new technology improves a business process, the decision to implement it must be justified by a measurable, significant, positive impact to the bottom line.

When making the case to senior leadership for a major investment in HR solutions, credibility is often on the line and HR needs to speak the language of the executive audience. HR needs to feel confident they can understand and articulate both the cost and potential value of the investment. The opportunity for workforce analytics extends beyond such topics as retention, compensation, or recruiting and can have a major impact on productivity, revenue and expenses for an organization. Understanding the ROI in terms of an organization’s performance and profitability is critical to gain senior leadership support.

Additionally, new technologies and business models have changed what defines best-practice workforce analytics. By eliminating the need to implement large-scale and expensive on premise systems, adoption of cloud-based workforce analytics can have a significant impact on the ROI, and on the time-to-value realization for an organization.

This white paper provides examples and sample calculations that can serve as a foundation for HR professionals to create their own compelling case, in financial terms, for workforce analytics. Readers of this white paper will learn about:

1) Structuring the Business Case—Recommendations for a structured approach to building a workforce analytics business case.
2) Measuring Efficiency Gains—How new technologies create efficiency gains related to maintaining existing systems and/or reducing the costs of licensing systems.
3) Quantifying Direct Benefits—Cost savings that result from the direct application of information from workforce analytics, such as reduced benefits costs, increased recruiting efficiency or turnover reductions.
4) Determining Secondary Benefits—Improvements in business results that derive from applying workforce analytics to improve employee effectiveness.

Read this complimentary white paper, "Creating the Business Case for Workforce Analytics: Quantifying the Business Value," and discover the value or ROI your organization can expect from a workforce analytics initiative, how to calculate both the short and long-term pay-back on your investment, and most importantly how to drive the business case for the necessary support and budget from executive leadership.

READ WHITE PAPER