If I asked you right now to tell me your company’s profit per employee and how it compares to industry leaders, could you do it? How long would it take you to find the answer? Would your head explode just thinking about it?
Now, imagine that with just a few clicks of your mouse, you could know exactly your actual employee headcount, profitability per employee, which divisions or regions have the highest turnover, and how these statistics compare to the number of development and learning opportunities offered and completed. What if you could analyze your team and compare them with other divisions and locations, or determine how clear and consistent is the pay-for-performance culture within the organization?
It may sound like a dream, but in fact, SAP SuccessFactors Workforce Analytics equips companies with robust HR data such as these ones, and empowers leaders to understand and draw conclusions from workforce analytics. This powerful module allows managers to make evidenced-based decisions with confidence, relying on data from multiple sources. Though I’ve only given a few examples of valuable metrics, hundreds of reports can be built with SuccessFactors Workforce Analytics. Take a look at the image below to see some of the reporting functions.
How valuable would it be to gain insight into the impact of diversity, education and gender on employee satisfaction, profitability and retention rates? A tool like Workforce Analytics can tell you exactly where internal campaigns of all types related to the workforce are, or are not, yielding results. The module can help organizations understand exactly what’s happening with the workforce from different angles, improve profitability and enhance the overall strategy, by combining data from HR, ERP and CRM, to draw full and empirical conclusions.
The true value of SuccessFactors is realized when all modules start connecting and “talking to each other.” Then data can be sliced and diced to offer managers and leaders the confidence they need to make better decisions. SAP SuccessFactors Workforce Analytics is the tool you don’t want to run your business without.
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