Simply put, workforce analytics is the discovery, interpretation, and communication of meaningful patterns in workforce-related data, which helps organizations to make more informed decisions and improve overall employee performance. Having insight into employee behavior can reduce turnover, lowering the number of replacement employees needed, thereby reducing the costs to hire. As an example, the Human Capital Benchmarking Report claims that the average cost-per-hire is $4,129, while the average time it takes to fill a given position is 42 days - that's a lot of potential savings!
In BlueGranite's recent webinar, we demonstrated how to utilize workforce data with predictive analytics and Power BI. At the end of the session, you and your team will have a deeper understanding of how to turn analytic insights into action by proactively uncovering issues and making strategic decisions based on accurate data predictions. Check out the recording below:
Matt Mace, Founder/CEO
Matt is the CEO of BlueGranite. He has nearly two decades of experience helping clients create competitive advantages through sophisticated business analytics. A Top 40 Business Leader Under 40 for West Michigan, Matt is a graduate of Western Michigan University and earned his MBA from the Stephen M. Ross School of Business at the University of Michigan.
Jacque Carlson, PhD, Data Scientist
Jacque Carlson is a Staff Consultant at BlueGranite. As a former college professor in Research Psychology, her expertise in is methodology, statistics, and human behavioral questions. She is an enthusiastic promoter of well-structured, data-driven decision making. When not at BlueGranite, you can find Jacque outside; she is an avid trail runner and hiker.
Derrick McIver, PhD, Workforce Analytics Expert