Join Dave Weisbeck, Chief Strategy Officer for Visier, for this informative one-hour complimentary webinar to review the results of Visier’s Annual Survey of Employers: Workforce Analytics and Planning Practices, Preferences & Plans.
VANCOUVER, BRITISH COLUMBIA — February 14, 2013 — Visier Inc., the innovation leader in workforce analytics, announced today they will be hosting a complimentary webinar “Critical Workforce Analytics and Planning Trends & Priorities That Will Inform Your 2013 HR Strategy,” on Monday, February 25, 2013 at 10:00 am PT / 1:00 pm ET.
In late 2012, Visier Inc. once again commissioned Fisher Vista (HRmarketer) to survey over 400 U.S.-based employers regarding their workforce analytics & planning–practices, preferences and future plans. The 2013 Survey findings will be explored in this “can’t miss” webinar that every HR professional must attend.
Workforce analytics remains a critical area of investment, yet many organizations still have no system in place for workforce analytics, and many of those that do still rely on spreadsheets. Slightly more than 37% of companies still do not have a system in place to manage and report metrics on their workforce and 37% of respondents cite spreadsheets as the system they currently use to deliver at least some part of their workforce analytics.
The majority of employers surveyed continue to be dissatisfied with the ways they are using internal data and extracting business value from this data. The survey indicates a strong relationship between the type of the solution being used and satisfaction levels. Dedicated workforce analytics solutions had 85% satisfaction rates, while spreadsheets, similar to the 2012 survey findings, had the highest reported levels of dissatisfaction with 59% reporting being dissatisfied.
The survey indicates similar trends with workforce planning solutions and satisfaction rates, with spreadsheets showing the highest levels of dissatisfaction, and dedicated and custom solutions showing the highest level of satisfaction. This highlights the trend that dedicated solutions, whether from vendors or homegrown, provide the best fit and, therefore, satisfaction.
One area that has changed dramatically in the 2013 findings, is how many organizations intend to expand investments in workforce analytics. In 2012, the survey found only 36% of organizations were intending to increase investments, while in 2013, the survey indicates that within 12 months, over 52% of participants will increase their investment in workforce analytics. Even in a challenging economy, employers are committed to reaping business benefits from workforce analytics
Highlights from the 2013 Survey Results Include:
– More than 37% of companies still do not have a system in place to manage and report metrics on their workforce
– Spreadsheets continue to be the most widely used “system” to manage and report workforce metrics at 37%–despite their inherent shortcomings and pitfalls
– Dedicated workforce analytics solutions had 85% satisfaction rates, while spreadsheets, similar to the 2012 survey findings, had the highest reported levels of dissatisfaction with 59% reporting being dissatisfied
– 31% continue to say they would benefit from easier-to-use analytics tools; 31% felt they would benefit from an improved ability to interpret and present workforce data, as compared to 23% in 2012
– Over 52% of participants will increase their investment in workforce analytics within next 12 months, as compared to 36% in 2012
“After two consecutive years surveying HR professionals about their workforce analytics practices, it is very apparent that workforce analytics and workforce planning remain contentious topics in many of today’s organizations,” according to Dave Weisbeck, Chief Strategy Officer for Visier. “Dissatisfaction rates with technology continue to be at high levels, but the paradigm is shifting in enterprise business, with a newfound recognition from HR and Business leaders alike, for the need to invest in solutions that will help them make fact-based decisions about their most critical asset – their people – with over half of survey participants of large organizations intending to do just that, within the next year.”
The webinar is free to attend but you must register in advance. To register for this complimentary webinar on Monday, February 25 at 1:00 PM ET, please visit https://www1.gotomeeting.com/register/706284425.
Headquartered in Vancouver, B.C. and San Francisco, CA., Visier delivers workforce analytics through the cloud to empower HR professionals with the most critical insights for optimizing their people strategy to meet their business strategy. Visier’s unique analytics combine the sophistication of predictive capabilities with the ease-of-use of consumer applications. Founded in 2010, by business intelligence experts, including former Business Objects chief executive officer John Schwarz, the company’s leadership team has a proven track record of technical, operational and strategic management success with companies such as IBM, Business Objects, SAP and Symantec. For more information, visit http://www.visier.com.