Workforce Analytics in Talent Management

MN5334 Assignment
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MN5334 Assignment
Workforce Analytics
Workforce analytics is a technique that is commonly applied in talent management, which mainly focuses on the management of employee’s data. It is an approach based on the algorithmic model. It is applied to organizational staffs’ data to establish and ascertain the evidence on the return on investment in relation to workforce decisions. The finding helps the firm to gain insight into the company’s workforce plan in the future. It is also a vital part of human resource analytics used to trail and examine the employee-related data used to improve decision-making and the company’s resource management. The discipline concentrates more on firing and hiring f employees. Workforce analytics plays a significant role in managing mergers between multinational corporations. Some of the notable significances include but are not limited to:
Identification of essential talents to serve the interests of the merging firms. Workforce analytics emphasizes prediction, identification, as well as management of the vital segment of an organization’s workforce behaviors and other vital attributes. Usually, the success of two or more merging companies depends on the abilities of the firms to establish and tap on the available talents that can help stir the collective objectives of the merger to the desired heights (Huselid, 2018). Workforce analytics usually matters a lot when there is a valid variance in the desired degree of talent in an organization and whenever the variance is directly attributed to the potential impacts of their outcome. Additionally, employees in more junior positions, such as project managers, usually show substantial variability levels in their performances because they usually have short limited time to develop their skills due to short organizational eras. Such scenarios require the interlude between the potential for improvement and the significance of the task, which both present a good opportunity for workforce analytics to impart notable organization success.
Workforce analytics helps to manage mergers between multinational corporations by initiating an understanding of the significance of employees’ talents in handling the type of business that mergers intend to establish. Designing an efficient workforce analytics framework with the potential to drive the company to the desired heights depends on the missions that the business wishes to accomplish (Huselid, 2018). Mergers also need to establish the business mission and vision before collecting business data and designing metrics. A competent workforce analytics framework should be mostly similar across the two companies in the merger and exceptionally tailored to the situation and the firm. Also, none generic metrics help to merge firms to create necessary value and insight that serve as a long-term source of the company’s competitive advantage.
Workforce analytics is also useful in managing a merger between multinational companies because they help the firms to draw on essential academic literature to formulate their data collection protocol and analytical frameworks...