Visier Delivers Industry First: Enabling Companies to Instantly Connect their Workforce to Business Results
New capability lets companies identify exactly what workforce levers to pull to improve revenue, profit, customer satisfaction, and other business outcomes
VANCOUVER, BC and SAN JOSE, CA – Visier, the leader in People Analytics, today announced a game-changing new capability that allows customers to instantly connect workforce metrics, such as turnover, engagement, and compensation, to business results, such as revenue, profit, customer satisfaction, and more. Included in Visier’s WINTER 2016 product release, the new capability revolutionizes the impact HR can have on business performance, enabling HR and business leaders to make workforce decisions with full knowledge of how those decisions will drive better business outcomes.
“Connecting the workforce to business results has long been seen as the holy grail by business and HR leaders alike,” says John Schwarz, CEO and Founder, Visier. “Many companies have invested millions of dollars and years of effort in business intelligence projects in an attempt to make this connection, only to fail. Visier is the first to make it easy to connect workforce drivers to business results, giving companies unparalleled new insights into how to achieve greater business outcomes.”
With Visier customers can correlate workforce and business metrics, and discover what levers to pull to drive better business outcomes.
Companies Achieve Business Results through their Workforce
Research has shown that companies with a more diverse workforce outperform others; that retail outlets with highly engaged employees are more profitable; and that banks with greater employee retention achieve higher customer satisfaction. However, until Visier it was incredibly difficult for companies to directly correlate their workforce with their business results — with the vast majority of attempts failing because the available tools and technology were too complex, costly, or constrained in capabilities.
“Connecting business results to workforce metrics allows us to be more strategic with our workforce programs,” said Morgan Turnipseed, Director of People Analytics at BBVA Compass, a leading U.S. banking franchise with operations throughout the Sunbelt region. “For example, by linking revenue with turnover rates at each of our 600+ bank branches, we’re able to tailor an approach to retention that focuses on business impact, not just retention alone. The ease with which Visier makes this possible is instrumental in making our workforce initiatives successful and our HR function even more data-driven and critical to the business.”
Read the blog post: Why Connecting the Workforce Outcomes to Business Outcomes Matters.
Visier Removes Cost, Complexity, and Capability Barriers
Up and running for new customers in less than 8 weeks, Visier People Analytics transforms how companies make decisions: from how to hire more top performers, to how to engage and retain them, to how to achieve better business results with them.
With an innovative Applied Big Data business model, Visier includes turnkey data onboarding and management with its annual Software-as-a-Service subscription, never charging customers for adding or changing a data source. Uniquely, this data management is done by Visier for the customer, with little to no effort on the customer’s part, meaning customers can focus on high-value activities, such as business strategy and decision making, instead of getting mired in the mud of data processing and report creation.
Visier’s turnkey data onboarding includes bringing together HR system data (such as from HR management, talent management, talent acquisition, payroll, performance management, and other workforce systems), as well as business data (such as from customer relationship, enterprise resource planning, supply chain, and financial systems). This unified data then automatically populates Visier’s hundreds of pre-built metrics and analytics, including advanced predictive analytics.
By bringing together workforce and business data, Visier enables companies to discover how to drive better business performance through their people.
“Great companies consistently make the best decisions about what to do, how to do it, and why,” says Schwarz. “Exceptional companies know the best people decisions drive the best business outcomes. We’re proud to be partnering with these exceptional companies, representing many of the world’s best brands.”
Visier’s purpose is to help people see the truth and create a better future—now.
Visier was founded to focus on what matters to business people: answering the right questions, even the ones a person might not know to ask. Questions that shape business strategy, provide the impetus for taking action, and drive better business results.
Visier delivers fast, clear people insight by using all the available people data—regardless of source. With best-practice expertise built-in, decision-makers can confidently take action. Thanks to our amazing customers, Visier is the market leader in Workforce Analytics with 5,000 customers in 75 countries around the world.
For more information, visit http://www.visier.com.