Visier Workforce Analytics Projected to Deliver Over $2.5 Million in Cost Savings and Benefits to Yahoo
Applied Big Data Solution Gives 400 of Yahoo’s Leaders and People Managers Insights to Enable the Best Workforce in the Industry
VANCOUVER, BC and SAN JOSE, CA — October 15, 2015 — According to an October 2015 commissioned study conducted by Forrester Consulting on behalf of Visier, The Total Economic Impact™ of The Visier Workforce Analytics Solution, Yahoo has projected three years of cost savings and benefits totaling $2,575,135 by using Visier Workforce Analytics.
With the Visier solution, Yahoo — a company with a strong culture of data-driven decision making and a commitment to ensuring fairness across its workforce — seeks to more effectively hire, develop, and engage key talent.
While the vast majority of Fortune 2000 companies are “stuck in neutral” with workforce analytics, or are spending millions of dollars to develop capabilities, Yahoo has adopted Visier, an innovative cloud solution that was up and running with Yahoo’s workforce data in one week. Today Yahoo uses Visier to serve over 400 leaders and people managers with up-to-date workforce insights.
According to the commissioned study conducted by Forrester Consulting on behalf of Visier, in addition to the cost savings, Yahoo identified the following unquantified benefits of using Visier Workforce Analytics:
- Yahoo has been able to use Visier to quickly test assumptions and “bust myths” around employee dynamics.
- Yahoo, which has fairness as a guiding principle on which all workforce decisions are made, has experienced more employee equity in administration of HR policies.
- Yahoo is better able to meets its goal to pay for performance, a key factor in supporting a top talent workforce.
“Like most large companies Yahoo’s workforce data is generated by a number of siloed HR management systems that are good at processing transactions, but have limited reporting and — despite marketing hype — even poorer analytic capabilities,” says John Schwarz, CEO of Visier. “We created Visier to solve this problem, removing the complexity and barriers to workforce intelligence. We are not selling analytics: we are selling a better understanding of the entire workforce lifecycle, from recruitment to development to engagement to total costs and more, and mapping that understanding directly to business outcomes.”
A leading innovator in Applied Big Data cloud technology, Visier provides People Analytics solutions that are enabling a rapidly growing number of the world’s best brands to maximize their business outcomes through their people.
Visier’s solutions let organizations understand and plan — with precision — how to best and most cost-effectively recruit, retain, and develop their workforce. With Visier, senior leaders, HR, and people managers alike can answer key workforce questions, align on goals and strategies, and act on decisions and plans to drive improved business outcomes. Visier does this by providing complete pre-built solutions in the cloud as a service that leverage Visier’s innovative multi-dimensional, in memory technology to provide capabilities otherwise not possible.
Founded 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 Oracle. With millions of customer employee records in the cloud, Visier is experiencing significant growth.