Workforce Analytics: Link Workforce to Business Strategies

Overview

Learn how to align your workforce strategy to business objectives. Johnson & Johnson alumni with 15+ yrs of experience What you'll learn:

The business imperatives of aligning workforce to business strategiesUnderstand the definitions and differences between workforce and business strategyStep-by-step guide to align workforce to business strategy To view our complete offering, search for "Jeff Higgins".More about thisCourseThe use of workforce analytics by HR professionals is on the rise, but is it translating to better business results?

The use of workforce analytics by HR professionals is on the rise, but is it translating to concrete business results? To ensure that HR prescriptions would lead to the desired business results, organizations will need to make sure that their workforce and business strategies are well linked and aligned.

This short course will help you do just this using metrics, KPIs and the science of analytics.What We'll CoverWhy bother aligning workforce to business strategiesHow to use analytics to build a bridge between HRand FinanceA complete guide with examples to linking workforce to business strategiesWhat This Course is NOT about:

How to use R and Python in talent managementHow to build machine learning program or statistical modelHow to set up SQL database or connect data from various sourcesCourse AgendaCourse AgendaSection 0:

Course IntroductionSection 1:

Aligning Workforce to Business StrategyWhy bother aligning workforce to business strategyLinking workforce to business strategyBuilding a bridge between HR and FinanceA step-by-step guide to link workforce to business strategyWorkforce strategy linkage example:

Oil & GasWorkforce strategy linkage example:

Financial ServicesHands-on Exercise:

Linking workforce to business strategy Section 2:

Workforce Analytics Review & Next StepsWhat Our Students Are SayingSince 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 businessunits,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 methroughyour 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, aHewlett-PackardCompany"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 AgendaSection 0:

Course IntroductionSection 1:

Aligning Workforce to Business StrategyWhy bother aligning workforce to business strategyLinking workforce to business strategyBuilding a bridge between HR and FinanceA step-by-step guide to link workforce to business strategyWorkforce strategy linkage example:

Oil & GasWorkforce strategy linkage example:

Financial ServicesHands-on Exercise:

Linking workforce to business strategy Section 4:

Workforce Analytics Review & Next StepsAbout Human CapitalManagement 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.

Syllabus

• Introduction to Workforce Analytics
Understanding Workforce Analytics
Importance in Modern Business
Key Metrics and Key Performance Indicators (KPIs)
• Linking Workforce to Business Strategy
Aligning Workforce Objectives with Business Goals
Case Studies of Successful Integration
Identifying Strategic Workforce Priorities
• Data Collection and Management
Sources of Workforce Data
Data Quality and Management Practices
Tools for Workforce Data Collection
• Analytical Techniques for Workforce Analysis
Descriptive Analytics
Predictive Analytics
Prescriptive Analytics
• Workforce Planning and Forecasting
Developing Workforce Plans
Scenario Planning and Simulation
Techniques for Forecasting Talent Needs
• Measuring Workforce Productivity and Performance
Metrics for Assessing Productivity
Linking Employee Performance to Business Outcomes
Enhancing Employee Engagement and Retention
• Financial Impact of Workforce Strategies
Cost-Benefit Analysis of Workforce Decisions
Budgeting and Resource Allocation
Quantifying ROI on Workforce Investments
• Implementation of Workforce Analytics
Creating a Workforce Analytics Strategy
Change Management and Implementation Challenges
Tools and Technologies for Workforce Analytics
• Ethical and Legal Considerations
Data Privacy and Security
Legal Implications of Workforce Data Analysis
Ethical Use of Analytics in Workforce Management
• Case Studies and Real-World Applications
Review of Industry Examples
Lessons Learned from Workforce Analytics Implementations
Best Practices for Continuous Improvement
• Conclusion and Future Trends
Emerging Trends in Workforce Analytics
The Future Role of AI and Automation in Workforce Strategy
Continuous Learning and Development in Workforce Analytics

Taught by

Jeff Higgins

Subjects

Business