Workforce analytics could drive improved business performance if properly prioritized

Workforce analytics tools could help organizations drive improved business performance, but, unfortunately, they’re currently quite low on the business and HR leaders’ scale of priorities, recent research has been able to find.

The survey by Fairsail found that four in 10 (38%) senior business and HR leaders have little, basic or no knowledge of workforce analytics, while only 13% of leaders were very confident that their teams understood workforce analytics to a degree to which it could help the business grow, while more than 42% were not confident in this.

Poll results also found that only 14% of business and HR leaders use workforce analytics to make strategic decisions, with 69% restricting this to basic operational insights and reporting. Furthermore, 41% of respondents reckon that workforce analytics are increasingly critical to a business’s success, and 43% think they are important already.

Just around 6% of business and HR leaders reported being very satisfied with the analytics tools currently available to them, while 41% claimed to be dissatisfied, and a further 8% had no analytics capability at all.

Workforce analytics – an integral part of the Tensor WinTA.NET package

Tensor plc is a market leader in the employee management systems and workforce analytics segment. We supply an extensive range of systems designed specifically to help HR departments record accurate data regarding the employee’s activity, their performance, as well as their attendance.

Our flagship WinTA.NET integrated workforce management solution incorporates a dedicated Absence Planning and Entitlement Management feature.

WinTA.NET is a web enabled, mobile / wireless technology based Time & Attendance system designed for those companies employing 20 people to 10,000+. The solution provides total control over the creation of working rules, Access Control, Job Costing and System Security and has specifically been designed for multiple companies, each managing multiple sites.

Our comprehensive, yet user-friendly software comes pre-loaded with graphical calendar charts that provide a colourful way of viewing an individual’s or a department’s absence records.

Each employee can be allocated different entitlements for absence such as annual leave or allowed sickness. As absence is booked and taken, the remainder available for each entitlement is updated. Entitlement formulae are used to calculate more complex entitlements calculated on a rising scale based upon length of service.

WinTA.NET supplies the relevant managers with information on employee’s absences through warning email notifications or via hardcopy reports. After that, the system would rapidly identify missing employees that are expected to be at work and then informs you via automatic email reporting reports distributed by email.

If you’d like to find out more about the Tensor workforce management solutions, just contact our team or Book a Demo, we’ll be more than happy to answer all of your questions and queries.