It’s no secret that talent is the top business challenge of the twenty-first century. According to the Corporate Leadership Council, two out of three CEOs believe their greatest workforce challenge is a lack of skilled employees.
Knowing that, what is preventing more companies from managing their workforces with greater precision and effectiveness? In short, a lack of improved workforce analytics. This report, sponsored by SumTotal, validates the connection between advanced analytics and the ability to manage a workforce more effectively and precisely. It also shows how a few overarching challenges are preventing many companies from using analytics to build and empower best-in-class workforces:
1. Lack of staff with analytical skills. Talent scarcity in this field is real—and you can’t hire your way out of it. For many critical skills, developing and relying on your own people is the only answer. SumTotal’s elixHR™ Platform makes it easy not only to get information into the hands of end users, but it also makes that data actionable by telling people why the information is important and what it means.
2. Insufficient technology. Advanced technology makes the advanced use of workforce analytics easier, but only if your people can use it. SumTotal believes workforce analytics are so important that we’ve built them into the core of the elixHR Platform. Your people can get on-demand insight and make better decisions in the context of their daily work.
3. Lack of integration. On average, organizations need to connect 11 different HR and other business systems. Master data management (MDM) technology—such as that used in SumTotal’s elixHR Platform—allows organizations to quickly achieve virtual systems integration without a costly, time-consuming, and risky consolidation effort.
Linking powerful analytics to workforce performance certainly has its obstacles. But knowing the benefits and understanding the challenges are the first steps toward connecting analytics to performance.
SumTotal is the largest independent HR solution provider in the industry, with over 45 million cloud, hosted, or on-premises users globally. With our learning, talent, workforce, and payroll solutions, we are the only HR solution provider that delivers a path to Talent Expansion™. Talent Expansion is a whole new approach to discovering, developing, and unleashing the hidden potential within your workforce—because you want your people to be great at what they do, not just record what they did. Learn how this approach is helping organizations like yours build and empower best-in-class workforces at www.SumTotalSystems.com.
With SumTotal, talent is boundless.