What is Workplace Analytics?

Written by Steve Todd in Glossary,Real Estate


What is workplace analytics?

 

Workplace analytics is a combination of software and methodology that applies statistical models to worker-related data, allowing enterprise leaders to optimize human resource management (HRMOpens in a new tab.)- TechTargetOpens in a new tab.

 

Workplace analytics is an advanced set of data analysis tools and metrics for comprehensive workforce performance measurement and improvement. It analyzes recruitment, staffing, training and development, personnel, and compensation and benefits, as well as standard ratios that consist of time to fill, cost per hire, accession rate, retention rate, add rate, replacement rate, time to start and offer acceptance rate- GartnerOpens in a new tab.

 

Workplace analytics describes a set of tools that measure, characterize and organize sophisticated employee data. These tools are used to present detailed employee performance to provide a better understanding and assist in overall management- UltimateSoftwareOpens in a new tab.

 

See Also: 

Workplace Analytics – Debunking the Myth and What youOpens in a new tab. Can AchieveOpens in a new tab. 

Steve Todd

Steve Todd, founder of Open Sourced Workplace and is a recognized thought leader in workplace strategy and the future of work. With a passion for work from anywhere, Steve has successfully implemented transformative strategies that enhance productivity and employee satisfaction. Through Open Sourced Workplace, he fosters collaboration among HR, facilities management, technology, and real estate professionals, providing valuable insights and resources. As a speaker and contributor to various publications, Steve remains dedicated to staying at the forefront of workplace innovation, helping organizations thrive in today's dynamic work environment.

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