What is Workforce Intelligence?
The practice of analyzing data related to human capital started about two decades back with pioneering work done by companies like GE, Motorola and the famed Saratoga Institute. At the time, HR was largely thought to be an experience and intuition-led area with decisions guided by experienced judgment about how people will react.Several factors contributed to growth into the area now known as "Workforce Intelligence".
These factors are:
Applications of Workforce Intelligence:
What are the uses of workforce intelligence to an organization? There are many applications of this powerful methodology, which can become differentiator for organization success:
Specifically, Workforce Intelligence spans Talent Acquisition, Talent Development, Succession Planning, Leadership Development, Performance Management and Rewards areas.
How to build a Workforce Intelligence Practice?
Building a Workforce Intelligence practices requires several disciplined steps:
Workforce Intelligence, with its progress in the last five years, is being used to make a big impact on business decisions. The statistical and data-driven approach is helping businesses to make smarter decisions with respect to people practices