The Conference Board and Mercer have partnered to launch a virtual platform, called the Workforce Analytics Institute (WAI).
WAI will provide businesses across the region and, specifically, human resources professionals, with the research, tools, methodologies and training they need to move from standard workforce planning to sophisticated workforce analytics.
Functioning as a membership-based platform, the WAI is designed to accelerate the progress of organisations on their big data journey and enable them to outperform their competitors.
“The Conference Board is very pleased to join with Mercer and to contribute our decades of expert knowledge in strategic workforce planning, in order to address this critical need for our industry and to continue to lead the market in developing clear thought leadership in analytics,” said Dr. Rebecca Ray, executive vice president, knowledge organisation and human capital practice lead, The Conference Board.
The WAI will together leading edge intellectual capital from The Conference Board and Mercer, as well as peer learning from industry leaders who will be part of the Institute’s councils.
The councils will convene twice a year and will offer members access to the knowledge and insight of industry leaders, as well as practical support. Along with tailored research and industry access, the WAI will offer workshops, webcasts, city briefings and a range of communication vehicles.
Issues the platform will initially focus on include how human capital analytics contribute to organisation performance, and how organisations can build capacity and capability in human capital analytics.
“We are very excited to be a part of this game-changing initiative, which addresses the divide between HR and big data analytics,” said Dion Groeneweg, partner and HR transformation and workforce planning leader for growth markets at Mercer.
“A recent Harvard Business Review survey highlighted that only 9% of companies use predictive analytics to inform workforce decisions. However, in our experience of working with organisations across the world, we are increasingly seeing that the organisations that have embraced analytics and are investing in building analytics capability for the future are better placed to succeed.
"The WAI will combine research with the genuine insights we have acquired over two decades in helping organisations advance their analytics and workforce planning agenda."