Workforce Performance
Adaptable, packaged solution for effective Human Resource management
A challenging economy, a competitive labour market, mergers and acquisitions, globalisation and a greying workforce are having a significant impact on the way Human Resource (HR) executives and practitioners do their jobs.
Other factors such as new business channels and the ever-pressing need for HR departments to demonstrate strategic value to their organisation and build the business case for investments in human capital programs are also making the HR area more complex – fundamentally changing the way HR professionals collect data and report on critical workforce issues and initiatives.
The situation is challenging. But tools and resources have been scarce that could help HR departments to collect information from multiple sources, analyse it and report it, enabling HR practitioners to forge stronger links to their organisations’ business strategies.
Until now.
Insight into Business Drivers
IBM Cognos 8 Workforce Performance is a packaged analytic application from Cognos, an IBM company, which provides interactive insight into issues such as workforce strength, talent acquisition, talent development, talent retention, employee performance and workers
compensation.
Supported ERP versions
With consolidated reporting from multiple systems, Workforce Performance transforms data from PeopleSoft, Oracle and SAP Human Resource Management Systems (HRMSs) into actionable information by calculating additional business information that doesn’t exist natively in HRMSs. A version is also available that can be tailored for use with any source system.
Aging Workforce Insight
IBM Cognos 8 Workforce Performance gives HR departments the means to answer critical questions such as:
Workforce strength
- Is our workforce growing or shrinking in key jobs and locations?
- What is the age distribution within our workforce? What will be in three years? Five years?
Talent acquisition
- Do our hiring practices match our strategic goals for workforce composition?
- At what job level does new talent enter the organisation?
- Are we hiring new talent with the right experience?
Talent development
- How are we doing at promoting from within the organisation?
- What percentage of top performers received a promotion?
- How do performance ratings vary by location, organisation and job role?
- Are our learning and development strategies succeeding?
Talent retention
- What is our workforce turnover?
- Are turnover rates increasing or decreasing? If so, why?
- How do turnover rates vary by location, organisation or job?
- How are we doing at retaining a diverse workforce?
- Are we getting better or worse at retaining top talent?
Workforce compensation
- What is our total base compensation?
- How does compensation vary across locations, departments and jobs?
- Are compensation increases for key jobs in line with the current job market?
- Are we paying higher compensation to attract new hires?
Australia specific functionality from SMS also lets you answer questions such as:
- How do the premiums vary by departments and locations?
- How many injuries? How often? What types?
- How many claims have been lodged? Which departments? What jobs?
- What compensation has been paid?
The value for IT
IBM Cognos 8 Workforce Performance is a configurable application that snaps into your existing technology environment, simplifying the delivery of relevant and reliable information on HR issues. It transforms operational data from your HRMS into actionable information.
As the application transforms the data, it adds business value by calculating additional business information (for example, end dates) and key performance indicators that don’t reside natively in your HRMS. Both transactional and summary-level data are stored in the data warehouse, letting you drill down and get the details.
Competitive advantages
The competitive advantage of IBM Cognos 8 Workforce Performance lies in its comprehensive end-to-end capabilities. Many competing solutions offer one application to source data and another application to conduct HR analytics.
Choosing Cognos means:
- No coding or customisation to unite data. Instead, changes are configured and the appropriate code or information is generated
- Increased agility. Changes to traditional analytics applications can be time consuming and costly. With the simplified configuration of IBM Cognos 8 Workforce Performance, IT can introduce and show changes simply and quickly, rather than needing weeks or a possible rebuild to meet changing business needs. This naturally leads to a more iterative and interactive style of addressing change requests and reduces the risk of miscommunication
- Simplified control. This is provided by a single interface over all aspects of application management
- Simple to extend the application as requirements, environments and users grow and change
- An audit trail tracing all information to the source data, so that managers and executives can always be sure they are sharing common understanding of information
- Insulation for IT from the complexity of the underlying HRMS data structures
- Lower risk, because it is a configurable pre-packaged solution that incorporates best practices.