by Melanie Aizer
HR and business leaders today face unprecedented challenges in making the most of their human capital. Compliance, the global competition for talent, outsourcing, offshoring, remote workers, and an aging workforce are just some of the business challenges that were unheard of a generation ago. To excel in such a complex environment, business leaders need to make confident decisions about their workforce—ensuring they are getting the most from their human capital investment. In order to make those informed decisions, business leaders need the right data regarding their workforce. Being able to identify and understand past and present trends and uncover critical insights about their workforce, empowers HR professionals to better plan and predict future changes, and better align their people strategy with their organization’s business strategy.
A company’s greatest asset is its workforce. People are also the most expensive asset for an organization, with more than 70 percent of business budgets being tied up in personnel costs, the performance leverage is most significant.
Today more than ever, HR professionals are faced with demanding challenges, including:
• Increasing productivity and reducing costs required to implement workforce strategies
• Attracting, engaging and retaining top talent with critical skills and competencies
• An inability to predict and plan their future workforce requirements
• Accessing critical decision-quality data, that exists across multiple and disparate HR systems
• A lack of best practices, to help uncover the deep workforce insights necessary for a more strategic human resources leadership approach
• Delivering increased ROI from their company’s human capital.
Visier Workforce Analytics is a cloud-based analytic application designed to make it easy for HR professionals and business leaders to identify, understand and make confident decisions about their workforce—increasing the ROI of their human capital investment. Visier Workforce Analytics was designed for HR professionals to uncover deep insights into their workforce data. With over two hundred visuals, metrics, and analytics pre-built, Visier has removed the need for HR professionals to do the often-challenging work of accessing data, formatting visuals, and defining key analytics.
More importantly, Visier has pioneered a unique topic-based approach to deliver true insights for an organization. Each topic featured in the Visier Topic Guidebook, comes pre-built out-of-the-box, and is organized around a key HR challenge that may exist in an organization, such as retention, pay equity, recruiting effectiveness, workforce productivity, workforce aging and retirements, and many others.