5 Ways to Improve the ROI of Your WFM Project Using Data You Already Have
Are you an HR, Finance, Operations or IT professional interested in using the data you already have to discover how you can improve your return on investment of your next Workforce Management project? We will show you how easily you can access the data in our solutions for analytics projects that will enable your organization to complete on “people analytics” and impact your organization’s bottom line. We will share a useful analytics framework and walk through 5 different scenarios of real-world HR analytics that you can apply within your own organization.
Regardless of your industry, in today’s competitive and disruptive markets, employers must be agile and be able to retain top performers, all while elevating the customer experience. With labor costs typically being one of the highest operating expenses, it is critical to maximize your workforce’s productivity.
Studies show that workforce management projects already have the highest return on investment of all HR IT projects, but there is a way to get even more value from your investment. While you may think of the “space” between your HRIS and payroll as containing “just time and absence” data—this data contains a treasure trove of value “People insights”.
By combining this data with other People and Business data—you can develop HR Analytics that can drive real value to your organization’s bottom line. This drives the Return on Investment of your workforce management project even higher. Using this data to enable meaningful HR Analytics, results in insights and concrete actions to drive bottom line business value and a more positive organization.