
Few words from me before we get started - Course intro, agenda and goals
Examine how market value now hinges on intangible and human capital rather than physical assets, illustrated by Google, Tesla, and Ford, and define the evolution of workforce analytics.
Workforce analytics uses data to make decisions about people and talent, evolving from descriptive reporting to diagnostic, predictive, and prescriptive insights.
Overcome data integration and cleansing challenges as ISO's forthcoming human capital metrics standard shapes disclosure practices. View HR metrics as multifaceted, including headcount, contingents, and organizational changes, guided by analytics.
Identify workforce questions that link to business results, such as retirement trends, best source of hires, drivers of turnover, and opportunities to boost productivity, engagement, and roi through hr data.
Learn to build a compelling business case for workforce analytics by identifying key questions, presenting data-driven charts and ROI, and using risk insights and qualitative storytelling to drive action.
Explore analytics through real case studies, learn how organizations choose and apply metrics to answer business questions, drive strategy, and inform resource allocation from HR to CEO.
Explore the art and science of workforce analytics, blending data analysis with HR expertise to interpret trends and tell data-driven stories that drive financial outcomes.
Explore the AACEE maturity model to map your workforce analytics journey from awareness to excellence, using a business case, data metrics, and pilot projects.
Build a data-driven organization by standardizing metrics, cleansing data, and creating a center of excellence to turn turnover analytics into strategic insights that drive planning and ROI.
Link HR data to business outcomes by building a workforce strategy with KPI metrics and an HR scorecard, showing how compensation, turnover, and commute insights guide cost efficiency and productivity.
Navigate the metrics landscape to identify the few KPIs that matter, benchmark them, and align with workforce strategy to drive turnover, engagement, and productivity.
Link business strategy to talent by selecting KPIs that reflect workforce initiatives, such as hiring for growth, retaining top talent, and boosting workforce productivity.
Explore how a balanced scorecard links talent, customer, and total cost of workforce to performance, highlighting total cost of workforce as a leading indicator of HR-driven business results.
Explore how time to fill and cost per hire can mask poor quality hires, and how optimizing hiring sources and a warm candidate pool improves quality of hire.
This case study of Southeast Asia Properties analyzes a scorecard with 20 metrics across seven categories, shifting emphasis from financials to time and quality to improve customer satisfaction and results.
Explore a practical quality of hire scorecard and the balanced scorecard approach to hr analytics, comparing recruiters’ time to fill, turnover, and engagement to benchmarks.
Leverage scorecards, dashboards, and KPIs within a strategy map to drive HR operations, recruiting strategies, and align talent management with business and workforce strategies.
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More about this Course
This workshop provides attendees with the foundation knowledge, examples, and tools they need to successfully jumpstart the Workforce Analytics journey in any industry.
Training is facilitated by Jeff Higgins, a recognized expert in Workforce Analytics and Workforce Planning across multiple industries from small to large corporations. This course is designed for HR practitioners.
What We'll Cover:
The needs and business case for Workforce Analytics and Planning
Top project killers for Workforce Analytics and Planning projects
Steps and key milestones in the journey to Workforce Analytics and Planning excellence
Foundational knowledge to measure, track and analyze the impact of various workforce intervention decisions
Real-life examples and case studies for Workforce Analytics success
What This Course is NOT about:
How to use R and Python in talent management
How to build machine learning program or statistical model
How to set up SQL database or connect data from various sources
What Our Students Are Saying
Since 2009, HCMI’s expert training has helped hundreds of organizations strengthen their in-house workforce analytics & planning capability, including many Global 2,000 companies, nonprofits, healthcare organizations, and major government entities around the world.
"I don’t believe in testimonials, however this workshop more than lives up to the expectations. It was very well presented and answered many questions and created more–which is exactly what I needed on our journey in HR metrics." ~ Director Human Resources, Washington Health System
"This course is a ‘must’ for HR professionals. The ability to ‘manage by fact’ is a key competency, not only for business units, but also for HR practitioners." ~ Senior Vice President, HR at OCBC
"The Workforce Analytics Training workshop conducted by the Human Capital Management Institute provided a vast amount of information on various HR metrics. The numerous case studies they discussed during the workshop clearly demonstrated how the metrics can be used in organizations to provide valuable data for making business decisions. I would recommend this workshop to anyone interested in gaining a better understanding of the utilization of HR metrics." ~ Edison Mission Energy
"The excellent service your company has provided me through your assistance and feedback has given me, as a consumer, more reasons to conduct future purchases from you." ~ Fadi Radi, Napcogroup
"A practical easy to follow training session on workforce analytics. I will recommend this to anyone wishing to make smarter insightful human capital decisions." ~ Head of HR, World Bank Group
"Of all the workshops I’ve attended, this resonated continuously." ~ EDS, a Hewlett-Packard Company
"Very good training ground for HR professional who wanted to drive workforce analytics in the organization." ~Vice President, ASTRO
"Excellent materials that were very well presented." ~ ConocoPhillips Inc.
Course Agenda
Section 0: Course Introduction & Agenda
Section 1: The Business Imperatives for Workforce Analytics and Planning
Setting the stage: value creation in today’s marketplace
Workforce Analytics: definition and evolution of analytics
The challenges in measuring human capital
Identifying key workforce questions
Building a business case for Workforce Analytics
Exercise: Pick key human capital questions
Optional links and reading materials
Section 2: Introduction to Analytics & Case Study Examples
The art and science of Workforce Analytics
Case study: Starbucks workforce engagement strategy
The AACEE maturity model
Building the foundation for data-driven decision making
Workforce Analytics foundation & value creation examples
The power of combining data sources
Exercise: Self assessment
Exercise: Recruiting source analysis
Additional links and reading materials
Section 3: Metrics: Good, Important, and Critical Metrics
Key Metrics & KPI Selection Methodology
Balanced Scorecard
Example - Metrics and KPIs in Recruiting Process
Case Study - SE Asia Property’s Scorecard
Application of Balanced Scorecards in HR
Exercise: Building Scorecard and Business Case
Additional Links and Reading Materials
Section 4: Workforce Analytics Review & Next Steps
About Human Capital Management Institute (HCMI)
HCMI's mission is to fundamentally change how workforce decisions are made by linking people investments to business outcomes through advanced analytics and dynamic visualization. Nearly a decade ago we pioneered the rigorous financial measurement of Human Capital ROI with the Human Capital Financial Statement (HCF$™ ), a strategic tool for senior leaders to optimize workforce decisions regarding capability, capacity, cost, and performance.
In 2016, having developed sophisticated workforce analytics tools for 100's of consulting projects across the globe, we pioneered SOLVE™ Workforce Intelligence Software, the first workforce analytics software that links workforce investments to business outcomes. And in 2018, we create the HCMI Online Academy to provide on-demand global access to our world-class workforce analytics and workforce training curriculum.
Today, HCMI and SOLVE™ remain industry leaders. With our headquarters in the thriving technology hub of L.A.'s Silicon Beach and a presence 3 continents, we continue to innovate our technology and services to provide organizations with the actionable intelligence to maximize the return on their workforce investments.
Helping analysts, HR professionals and business leaders develop their Workforce Analytics and Planning capability since 2009.