Use Workforce Analytics to Better Understand Your Core HR Activities
Erik Ebert is an SAP SuccessFactors Solutions Director for GP Strategies in Copenhagen, Denmark.
For several years Workforce Analytics has been in the SAP SuccessFactors family but has not been fully adopted as an integrated and working solution. This has changed. Now the time is here—your company can improve decision-making, find answers to key questions about workforce challenges, and receive guidance to help solve them with workplace analytics.
Driving impactful decisions with solid business evidence.
Workforce Analytics on HANA (WFA on HANA) provides actionable insights on workforce data to drive your business strategy today and help you plan for the future. Our workplace analytics solution increases the effectiveness of HR with a comprehensive library of standard metrics, industry benchmarks, and HR best practices that help measure the things that matter. GP Strategies helps you to quickly and easily implement a powerful Workforce Analytics solution for any HR metrics area, starting with Employee Central (core workforce and mobility). For example, you can analyse and understand termination rates (voluntary and involuntary) and analyse your organisation to determine the areas in which you are losing more talent than others.
WFA on HANA is designed for business execution and fully integrated with SuccessFactors. It is easy to use and provides the insights and tools you need to take action. With more than 30 years of expertise in HR metrics built into the tools, technology, processes, and services, SuccessFactors sets the standard for workforce metrics and benchmarks, and it provides the tools that make everyone successful. Selected metrics available with WFA on HANA Core Workforce and Metrics Pack include:
- Average Headcount
- End of Period Headcount
- Start of Period Headcount
- Organisational Tenure
- Age & Generation Distribution
- New Hires
- Job Changes
- Involuntary Terminations
- Voluntary Terminations
- Gender Distribution
- Male to Female Staffing Rate
- Male to Female Staffing Rate – Managerial
- Average Annual Salary per Employee
Each metric pack includes a defined set of source data fields that are extracted from EC to generate Base Input Measures and Dimension Hierarchies. These two components form the basic building blocks. Filtering Base Input Measures by Dimension Hierarchies generates a rich set of Derived Input Measures. Derived Input Measures are combined in formulas to generate Result Measures (in percentages, ratios, etc.) that are commonly used in analysis and reporting, as well as in benchmark comparisons.
GP Strategies consultants offer proven excellence in HR analytics, planning, and metrics, and are available to share best practices and accelerate your business execution. Let the certified and experienced HCM consultants at GP Strategies deliver a successful implementation for you. Contact us to learn more about this offering and how you can get started with SuccessFactors Workforce Analytics on HANA.