Accelerate May 2015 - Page 12

News Workforce Analytics Institute launched Plaform provides HR with access to knowledge, insights and practical support; combines decades of expert knowledge from Mercer and The Conference Board SINGAPORE | The first of its kind in Asia, the Workforce Analytics Institute (WAI) was launched in March this year, by both The Conference Board and Mercer. A virtual platform providing both business and specifically, human resource professionals, with the research, tools, methodologies and training needed to move standard workforce planning to sophisticated workforce analytics, the WAI is designed to help organisations progress on their big data journey. The WAI is a membership-based platform that brings the leading edge intellectual capital from The Conference Board and Mercer as well as peer learning from industry leaders who will be part of the Institute’s councils. Leading corporations expressing interest in the WAI include confirmed founding member Meralco, the largest electric distribution utility company in the Philippines. Oscar S. Reyes, President and CEO of Meralco, said: “The current and future success of Meralco hinges on how well we mine and manage our data to ensure that it serves as an effective springboard to commercial value creation. This includes human capital analytics, which drives opportunities for organisational and people value enhancement.” “We are very excited to be a part of this game-changing initiative, which addresses the divide between HR and big 12 May 2015 data analytics,” said Dion Groeneweg, Partner and HR Transformation & Workforce Planning Leader for Growth Markets, Mercer. Groeneweg added: “A recent Harvard Business Review survey highlighted that only nine per cent of companies use predictive analytics to inform workforce decisions. However, in our experience of working with organisations across the world, we are increasingly seeing that the organisations that have embraced analytics and are investing in building analytics capability for the future are better placed to succeed. The WAI will combine research with the genuine insights we have acquired over two decades in helping organisations advance their analytics and workforce planning agenda.” The WAI will offer high-level learning and its initial focus will be in the areas of: • How do human capital analytics contribute to organisation performance? • What types of human capital anal ytics projects can organisations implement? • How can organisations build capacity and capability in human capital analytics? • How can businesses advance their human capital analytics practice? To learn more, please visit www. workforce-analytics-institute.com