Get a 360-degree view of your organization’s health in our beta program
Imagine a crack in the foundation of your building, growing wider with each passing day. You wouldn’t wait until the entire structure collapses to address it, would you? Yet, countless organizations are unknowingly doing the same with their most valuable asset: their people.
Blind spots in workforce data create a ticking time bomb, leaving organizations vulnerable to catastrophic consequences. The cost of a workforce crisis can be staggering– potentially 1,000 times more expensive than proactive prevention. Widespread attrition, disengaged employees, and losing top talent can quickly dismantle your company’s success.
Business leaders truly cannot afford to ignore workforce dynamics or wait for problems to escalate. They must address them head-on, proactively, and as soon as possible. Workforce analytics tools, also known as people analytics or workstyle analytics, offer a lifeline to CEOs, providing valuable insights into critical factors involving employees.
Workforce analytics serves as a risk management solution and an essential disaster prevention tool, identifying issues before they snowball into business-threatening catastrophes.
Ignoring important workforce data leads to a lack of visibility into critical factors like employee engagement, productivity, and retention. When you don’t have that insight, you can’t take action and make necessary changes. This can manifest in:
All of these risks can combine to shake the foundation of your business if not mitigated properly and quickly.
Pro tip: Humanyze is the only workforce analytics company able to provide AI-powered, data-driven visibility on employee productivity, engagement, retention, and more factors directly tied to organizational health.
Regardless of its size, every organization faces the risk of a workforce catastrophe. Without people analytics, CEOs and business leaders can remain in the dark about workplace issues. Poor workforce management can cause stress and burnout among employees, causing even high-performing employees to leave. These problems don’t just impact your employees’ well-being; they carry a hefty financial burden.
Retention is a critical component of organizational stability, and high employee attrition rates are a symptom of a workforce in distress. High turnover rates disrupt continuity, drain resources, and negatively impact morale. The costs can be shocking and damaging to your bottom line.
According to research from the Society for Human Resource Management (SHRM), the cost of replacing an employee can range from 50% to 200% of their annual salary. For high-level positions, this cost is even greater.
Additional financial ramifications from workforce crises include lost productivity costs, loss of institutional knowledge, stifled performance and innovation, and potential damage to the company’s reputation.
Rather than reacting to problems after they arise, workstyle analytics enables business leaders to mitigate risks proactively and consistently. Leaders using workforce analytics solutions can access unprecedented actionable insights into the factors driving employee attrition and performance.
Every disengaged, under-performing, or departing employee takes a toll on your business. By identifying areas of concern, CEOs can implement targeted strategies to enhance employee engagement and reduce turnover. Taking action to improve retention early on could be the key to preventing organizational collapse.
For example, if workforce analytics data indicates that employees in a particular department are frequently working overtime and showing signs of stress, management can take steps to address the workload and improve work-life balance. This not only helps in retaining talent but also fosters a healthier and more productive work environment.
In today’s competitive and fast-paced environment, CEOs need workforce insights more than ever before. Post-COVID, the significance of advanced people analytics is undeniable for CEOs, investors, and even the SEC. Stakeholders are increasingly focused on tying executive compensation to people metrics. And, AI advancements are allowing workforce analytics software to create value in a way that was not possible before–sharper insights, tailored recommendations, real-time analysis, data-backed decision support, and more.
Don’t wait for the foundation to crumble. Take control of your workforce data now.
Humanyze is the leading workforce analytics solution, trusted by Fortune 1000 companies for our unparalleled organizational health insights. Our workforce analytics tools provide a comprehensive view of an organization’s health by leveraging data on employee interactions, collaboration patterns, and workplace behavior.
Our solution identifies issues and high-performing teams, flags areas for concern, benchmarks progress against your peers, and recommends actions to mitigate risks.
Humanyze’s new SaaS product offers incomparable visibility into employee productivity, engagement, and retention. This tool could be the lynchpin that helps companies prevent organizational collapse.
We’re armed with 15 years of proprietary data on how people communicate at work, encompassing over 210 million employee workdays. AI supercharges the power of this extensive dataset by leveraging large language models (LLMs). Humanyze stands out as the only company capable of delivering extensive datadriven visibility that business leaders can rely on.
Are you an executive looking to retain top talent and manage workforce risk? We want to talk. Sign up for our beta program or book a demo today.
