As a Human Resources professional, you are increasingly being held accountable for delivering measurable value to the business.
But competition for skilled workers is a real threat to business viability, making it more important than ever to retain and engage high-performers. Faced with shrinking margins, organizations either have to cut costs (by reducing workforce) or get better performance out of existing resources. This requires first understanding what factors motivate employee performance, and then creating appropriate compensation and incentive plans that both motivate and reward performance.
In a survey of over 200 executives, McKinsey found that the companies scoring in the top third in talent management were also nearly 40% more profitable per employee than companies that scored in the bottom third in talent management.
Additionally, in today’s volatile economic climate, mergers & acquisitions (M&A), reductions in force (RIFs) and outsourcing are no longer rare events. Planning for—and coping with—such rapid and fundamental organizational changes requires better visibility into the state of the workforce, and increased HR agility.
So, it's imperative that you improve the way your human capital is managed and align your workforce with executive management’s goals.
Spotfire can help you by providing fact-based talent management and bridging the multitude of HR operational systems, ultimately producing the insights you need to meet your organizations’ goals and objectives.