Capterra Glossary
Workforce Analytics
Workforce analytics refers to the data analysis tools and metrics that help businesses measure and improve workforce performance. Workforce analytics can be used for recruiting, training, benefits, and more. The insights captured from workforce analytics can be used to check how well your employees are functioning. It can also be used to check the effectiveness of incentive programs and delve into questions such as when people are taking the most time off and what benefits are the most popular.
What Small and Midsize Businesses Need to Know About Workforce Analytics
These days, it has become increasingly difficult to retain good staff. SMBs can use workforce analytics to monitor metrics and gather insights on how to keep employees on board. SMBs can also use workforce analytics to check how long it takes to fill an employee's open position.