Power of People, The: How Successful Organizations Use Workforce Analytics To Improve Business Performance (FT Press Analytics)

by Nigel Guenole

Taking into account all of these points, the most descriptive and accurate name for this function is workforce analytics. This term best describes the broadest set of workers that contribute to organizational success and the fullest responsibilities of the function both now and in the future. Other experts concur with the use of the term workforce analytics as the best description of the function. Most notably, the SHRM Foundation, the research arm of the Society for Human Resource Management (the professional body for the HR profession in the United States), uses the term workforce analytics in its report “Use of Workforce Analytics for Competitive Advantage,” undertaken in partnership with the Economist Intelligence Unit. With the name of the function in mind, we can define the work of the function as follows: Workforce analytics is the discovery, interpretation, and communication of meaningful patterns in workforce-related data to inform decision making and improve performance.