Vancouver, British Columbia, March 6, 2013–Visier, the innovation leader in workforce analytics, announced today it will be hosting a complimentary webinar, “Discover the Winning Strategy to Retain Top Talent with Workforce Analytics,” on Wednesday, March 27, 2013 at 10:00 a.m. PDT/1:00 p.m. EDT.
Knowledge-based economies require businesses and governments to continually hone and invest their most important asset–their people. The total cost of a workforce represents nearly 70% of the operating expenses for Fortune 500 companies. The skills of an organization’s top talent represent a vital competitive advantage in the marketplace. Employee retention, especially for the most desirable employees–or top talent–is a key challenge in most organizations today. The challenge becomes how to move from a reactive approach to a strategic and proactive approach to improving retention.
Most companies measure their attrition (or turnover) ratio, but few really understand the factors that contribute to turnover, or the cost turnover carries in terms of lost sales, customer dissatisfaction, lost institutional and process knowledge, and replacement and training efforts. On average, replacing a skilled worker costs 1.5 times their annual compensation when the above factors are taken into consideration. This fact, combined with the shortage of skilled workers in most industries, argues for a sophisticated program to prevent unwanted attrition. The first step in this direction is to understand the current and historical trends, and to develop sufficient insight to enable the prioritization of management focus.
In the webinar, participants will learn:
– The business case for making retention a priority
– A step-by-step process for leveraging key retention metrics
– How other organizations are using workforce analytics to retain top talent
– Best practices for using workforce analytics to improve their retention
“Business and Human Resource leaders must learn to manage their critical workforce more effectively and proactively,” according to John Schwarz, CEO of Visier. “Analytics provides organizations the ammunition for this ‘war for talent’ by providing actionable workforce insight for HR and business leaders to develop better HR strategies to recruit, motivate and retain their skilled employees.”
The webinar is free to attend but you must register in advance. To register for this complimentary webinar on Wednesday, March 27 at 10:00 a.m. PDT/1:00 p.m. EDT, please visit https://www1.gotomeeting.com/register/521278640.
Headquartered in Vancouver, B.C. and San Francisco, CA., Visier delivers workforce analytics through the cloud to empower HR professionals with the most critical insights for optimizing their people strategy to meet their business strategy. Visier’s unique analytics combine the sophistication of predictive capabilities with the ease-of-use of consumer applications. Founded in 2010 by business intelligence experts–including former Business Objects chief executive officer, John Schwarz–the company’s leadership team has a proven track record of technical, operational and strategic management success with companies such as IBM, SAP and Symantec.
For more information, visit www.visier.com.