Workday People Analytics Delivers Automated Insights to Help Companies Better Optimize Workforces Amid Changing World - Seite 2

Workday People Analytics automatically surfaces insights across five critical focus areas, empowering HR and business leaders to better understand and confidently optimize their workforce:

• Organizational Composition. Capturing hires, transfers, and terminations, customers can uncover trends in headcount movement and compensation costs. For example, for many companies forced to shift workforce locations due to the pandemic, analyzing worker costs by region and office allows them to optimize resources and discover opportunities for minimizing costs to align to the corporate plan.
• Retention and Attrition. Gaining a deeper understanding into why workers are leaving provides insight into what can be done better to keep them. This focus area reveals turnover trends in the workforce that are impacting the overall attrition rate. For example, companies can identify areas of the organization with the highest churn rate, dig into the reasons why, and use these insights to develop a stronger retention strategy.
• Diversity and Inclusion. Gaining insight into workforce demographics can boost diversity across the organization in terms of gender, under-represented minority, ethnicity, and generation. For example, by analyzing promotion rates and compensation through the lens of diversity, companies can improve equal opportunities. 
• Hiring. Identifying opportunities to improve the recruitment process and illuminate bottlenecks in the current hiring process can improve hiring success. By analyzing people data through a recruiting lens, companies can create more competitive offers that win candidates, such as incorporating preferred benefits. 
• Talent and Performance. Discovering new ways to develop the workforce helps companies optimize the talent and performance of employees. For example, Workday People Analytics can flag high-potential employees who demonstrate room to grow, so programs and development plans can be created to ensure they are set up for success.

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“Now, more than ever, companies need to understand their workforce—who they’ve got, what’s working, what’s not, and where there’s opportunity to improve,” said Pete Schlampp, executive vice president, product development, Workday.  “The crisis is forcing workforces to rapidly shift and companies need easily understood talent insights to help them quickly respond, so they can emerge stronger and continually build more optimal, diverse, and productive workforces.”