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Workforce Intelligence: How HR Can Make Data-Driven Decisions That Optimize Talent Investments

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Workforce Intelligence: How HR Can Make Data-Driven Decisions That Optimize Talent Investments

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For the past several years, workforce analytics have been “in neutral.” Meaning, there are a lot of organizations thinking about workforce analytics, but few are truly practicing them.

The competitive urgency is here, just as it has been for the past 3 to 5 years; however, in the past year, there has been an increased understanding that workforce intelligence is about making not just HR better but also the business better. It’s about not just understanding data-driven HR and the usual metrics, but also specifically how HR can connect what it’s doing to business outcomes. It’s about how HR can not only align with the business but also drive the business by making better decisions about the workforce. It’s about knowing and applying an in-depth understanding of organizational dynamics based on data.

Incremental progress is being made and increasingly more companies are looking to connect their talent and business data as a single source of data truth. Only then can HR make data-driven business decisions and develop a workforce plan that optimizes talent investments while effectively monitoring recruiting, development, engagement, productivity, accountability, retention and many other workplace initiatives.

Join Visier and guest Meghan M. Biro, founder and CEO of TalentCulture, for an informative webinar, where you’ll learn:

●Why talent acquisition and retention critically impact your business.

●How to develop and sustain a single source of HR data truth.

●How to connect workforce decisions to business outcomes.

●How workforce planning helps create a culture of collaborative productivity.

●How to drive and sustain real workplace accountability with data-driven initiatives.

For the past several years, workforce analytics have been “in neutral.” Meaning, there are a lot of organizations thinking about workforce analytics, but few are truly practicing them.

The competitive urgency is here, just as it has been for the past 3 to 5 years; however, in the past year, there has been an increased understanding that workforce intelligence is about making not just HR better but also the business better. It’s about not just understanding data-driven HR and the usual metrics, but also specifically how HR can connect what it’s doing to business outcomes. It’s about how HR can not only align with the business but also drive the business by making better decisions about the workforce. It’s about knowing and applying an in-depth understanding of organizational dynamics based on data.

Incremental progress is being made and increasingly more companies are looking to connect their talent and business data as a single source of data truth. Only then can HR make data-driven business decisions and develop a workforce plan that optimizes talent investments while effectively monitoring recruiting, development, engagement, productivity, accountability, retention and many other workplace initiatives.

Join Visier and guest Meghan M. Biro, founder and CEO of TalentCulture, for an informative webinar, where you’ll learn:

●Why talent acquisition and retention critically impact your business.

●How to develop and sustain a single source of HR data truth.

●How to connect workforce decisions to business outcomes.

●How workforce planning helps create a culture of collaborative productivity.

●How to drive and sustain real workplace accountability with data-driven initiatives.

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Workforce Intelligence: How HR Can Make Data-Driven Decisions That Optimize Talent Investments

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  7. 7. #WFwebinar         Sarah  Sipek   Associate  Editor   Workforce  magazine   Workforce  Intelligence:  How  HR  Can   Make  Data-­‐Driven  Decisions  That   Op6mize  Talent  Investments  
  8. 8. #WFwebinar         Meghan  Biro       Founder  and  CEO   Talent  Culture   Workforce  Intelligence:  How  HR  Can   Make  Data-­‐Driven  Decisions  That   Op6mize  Talent  Investments  
  9. 9. Workforce Intelligence: How HR Can Make Data- Driven Decisions That Optimize Talent Investments Meghan  M.  Biro,  Founder  &  CEO   TalentCulture     Dave  Weisbeck,  CSO   Visier    
  10. 10. Maximize  your  business  outcomes,  through  your  people   Analyze:  Go  from  data  to   insights     Align:  Go  from  insights  to   plans     Act:  Go  from  plans  to   outcomes  
  11. 11. Where are our recruiting bottlenecks? How can we retain critical employees? What if? How well did we plan? How do our total workforce costs breakdown in our plan? Should I give my team member a raise? What are our total workforce costs and how are they changing? How can we connect Total Rewards to our bottom line? How will turnover impact our future workforce? Which workforce scenario will best meet our business goals and budget? Where should we allocate people to support the business? Which Critical Talent is at risk of resigning? Who should I promote? Workforce  Analy.cs Workforce  Planning Visier  Workforce   Intelligence   Visier  is  about  making  both  HR  and  the  business  beMer  
  12. 12. Enabling  HR  and  your  business     with  Visier  could  be  the  most  impacOul     acPon  you  take  in  2016.  
  13. 13. OUR  GUEST  PRESENTER:     MEGHAN  M.  BIRO   Globally  recognized  Talent  Management  and  HR  Tech  strategist,   digital  catalyst,  author  and  speaker   TalentCulture  Founder  and  CEO   Worked  with  hundreds  of  global  brands,  from  early-­‐stage  ventures   to  global  brands  like  MicrosoV  and  Google,  helping  them  recruit   and  empower  stellar  talent   StatSocial  and  Forbes  Top  100  Social  Media  Power  Influencers  in   2015   Top  50  Most  Valuable  Social  Media  Influencers  (General   SenPment)     Top  100  on  TwiMer  Business,  Leadership,  Tech  (HuffPost)   Top  25  HR  TrendseMers  (HR  Examiner);  an  ulPmate  List  of  Social   CEOs  on  TwiMer   Top  100  Leadership  Blogger   Top  100  to  follow  on  TwiMer  in  2015   Forbes,  Entrepreneur  and  Huffington  Post  columnist     Today’s  Hashtag   #Visier
  14. 14. Poll  QuesPon  #1   Do  you  have  a  single  source  of  HR  data  truth?     §   Yes     §   No     §   Gedng  there   §   I  have  no  idea  what  you’re  talking  about    
  15. 15. Single  Source  of  Data  Truth  
  16. 16. Poll  QuesPon  #2   Your  current  workforce  analy6cs  are:   §   Non-­‐existent     §   Very  Basic       §   Good     §   Stellar     §   What  are  workforce  analyPcs?    
  17. 17. Top  5  Challenges  for  HR  Leaders   §  Invest  in  leadership   development   §  Create  a  culture  of   collaboraPon   §  Develop  communicaPons     skills   §  Drive  and  sustain  real   accountability   §  Be  human  and  reward   emoPonal  intelligence  
  18. 18. The  Changing  Role  of  the  CHRO  
  19. 19. The  Changing  Role  of  the  CHRO   §  Companies  want  HR  to   strategically  contribute.     §  Business  leaders  are  split  over   HR’s  role.     §  Lack  of  analyPcal  skills  is  holding   HR  back.     §  ExecuPves  aren’t  yet  commiMed.    
  20. 20. Josh  Bersin  on  People  AnalyPcs   §  People  AnalyPcs  is  even  more   important  than  we  thought.     §  People  AnalyPcs  will  grow   exponenPally,  but  we  are  in   the  early  days.     §  Most  companies  sPll  don't   really  know  what  People   AnalyPcs  really  are.  
  21. 21. How  Long  It  Takes  the  Brain  to  Evaluate  a  Resume     6.25  Seconds  
  22. 22. Modeling  and  ForecasPng   1. Turnover   2. Churn  /  RetenPon   3. Risk   4. Talent   5. FuturecasPng  
  23. 23. AnalyPcs!  AnalyPcs!  AnalyPcs!  
  24. 24. Poll  QuesPon  #3   What  is  your  biggest  obstacle  to  building  and  u6lizing   People  Analy6cs?   §   Inaccurate,  inconsistent,  or  hard-­‐to-­‐access  data     §   Lack  of  analyPcal  acumen  or  skill  among  HR  professionals       §   Lack  of  adequate  investment  in  necessary  HR/talent  analyPcal   systems     §   Lack  of  perceived  value  of  a  data-­‐driven  culture;  company  does   not  have  a  data-­‐driven  culture  
  25. 25. HBR  Research:  Obstacles  to  People  AnalyPcs   Download  your   free  copy  of  the   full  HBR  report  at   www.visier.com   Source:  HR  Joins  the  AnalyPcs  RevoluPon,  Harvard  Business  Review  AnalyPc  Services  
  26. 26. Tending  To  Your  People  Pipeline  
  27. 27. OpPmizing  Your  Talent  Pipeline   § Pay  aMenPon  to  their  ambiPons.       § Mind  the  gender/confidence  gap.       § Encourage  cross-­‐mentoring.       § Fully  merge  the  company  culture   with  social  and  mobile.    
  28. 28. HR  Core  Systems   Spreadsheets   Business   Intelligence  Tools   Niche  SoluPons   ConsulPng   Services   Dedicated   Workforce   Intelligence   Solu6ons   From  ReporPng  to  Intelligence:  SoluPon  Types  
  29. 29. Meghan  M.  Biro   Founder  and  CEO   TalentCulture   @MeghanMBiro   QuesPons?   Thank  you!    
  30. 30. Resources  available  at  www.visier.com     Download  your  copy   Download  your  copy   Subscribe  to  the     Workforce  Intelligence   Blog  
  31. 31. #WFwebinar         Please complete the webinar evaluation.
  32. 32. #WFwebinar         Register for the next Webinar! Metrics That Matter for Managing Your Employees Wednesday, January 27, 2016 Webinars start at 2 p.m. Eastern / 11 a.m. Pacific Register for all upcoming Workforce Webinars at events.workforce.com/webinars OR click the icon on the widget bar!

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