Applying Analytics To The Workforce

Major League Baseball® pioneered the use of statistical analysis to help teams win more games. In the wake of the popular 2003 book by Michael Lewis that described this effort, “Moneyball: The Art of Winning an Unfair Game,” organizations of all types began to follow baseball’s lead and employ data analysis to make better decisions throughout their operations.

However, many organizations lag in their ability to analyze workforce information. For nearly all organizations with an hourly workforce, labor represents the largest controllable expense. These same organizations typically collect vast amounts of workforce data but are unable to transform this data into organizational knowledge and actionable insight. Their efforts to turn labor data into business intelligence have been hindered by siloed information, an inability to secure confidential labor data, and inflexible reporting.

This white paper describes how the Kronos Workforce Analytics™ solution addresses these challenges, enabling your organization to centralize labor information to gain greater visibility into workforce issues and make quick, fact-based decisions that help reduce costs, improve productivity, and enhance profitability.