Techopedia explains Workforce Analytics
Workforce analytics uses a combination of data analysis tools and statistical methods to measure workforce performance. For example, business leaders can identify major inefficiencies in HR processes and perform matchmaking through workforce analytics to ensure that their operations are smooth and fully staffed. Workforce analytics does not need to replace person-to-person interaction and human input in processes; it can be a supplementary tool for sound business leadership.
In context, workforce analytics are presented along with other kinds of analytics. Broader-level analytics concepts include the use of prescriptive analytics, which provides a plan for a company; predictive analytics, which tries to project future operations; and other kinds of analytics for marketing or other processes.
Survey: Why Is There Still a Gender Gap in Tech?
Do you work in the tech industry? Help us learn more about why the gender gap still exists in tech by taking this quick survey! Survey respondents will also be entered to win a $100 Amazon Gift Card!
- Web Analytics: Terms You Need To Know
- Computer Vision: Revolutionizing Research in 2020 and Beyond
- What is Data Profiling & Why is it Important in Business Analytics?
- Making Data Analytics Human for Decision-Making
- Self-Care: 10 Useful Online Courses to Sharpen Your Tech Skills At Home
- Business Intelligence: How BI Can Improve Your Company's Processes