Companies spend on average 30% of their revenue on their workforce, constituting large investments and risks.
Companies, therefore, need to apply the same high-end analytics to human resources as they would to any other part of their business.
Applying Data Science
The Data Analysis Bureau’s data scientists can use cutting edge techniques to understand a wide range of human resource problems.
These range from flagging employees at risk of leaving, to understanding how skill mixes within company substructures affect key performance indicators and predicting how future recruitment may supplement these.
Indeed the holy grail is to predict such requirements in advance through predictive and prescriptive techniques.
Managing a workforce intelligently in terms of composition and turnover increases performance, efficiency, productivity, and ultimately profit.