Workforce Analytics
Aligning People with Business Strategy
Aberdeen Group surveyed nearly 450 organizations in order to determine Best-in-Class practices in human capital management (HCM). Data analysis from that study, The 2011 HR Executive's Agenda, showed organizations that integrate workforce and business performance data into their analytics tools are nearly three times as likely to achieve Best-in-Class as those that don’t. This research will examine the use of workforce analytics tools and the capabilities exhibited by Best-in-Class organizations to align workforce strategies with business objectives.
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As shown in Figure 6 (below), Best-in-Class companies are more than twice as likely to have HR service delivery metrics that are agreed-to by the business as well as formally measure the effectiveness of core HR functions at least annually. Organizations with formalized metrics and performance reviews of core HR functions are much more likely to achieve Best-in-Class results compared to those that don't.
How Demand Metric Can Help
If you are looking to implement workforce analytics into your business or would simply like to measure your current HR initiatives, feel free to take a look at these templates:
Annual Performance Review Appraisal Template
Management and Leadership Audit
Management and Leadership Metrics Dashboard
Management and Leadership Prioritization Tool
Management and Leadership Strategy Scorecard
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