August 22, 2019 – If an individual’s career trajectory is aimed at a leadership position, the transition to a leadership role demands a shift in priorities. As well as being an expert in their chosen profession, a leader also needs to be fluent in workforce operations. Optimizing a workforce while hitting budget targets is a delicate balance. If moving into a leadership position requires someone to hit the ground running, time is in short supply. Here are three things a leader needs to know about workforce optimization.
Identify key workforce metrics. With data analytics pushing further into every industry, many leaders are feeling the pressure to jump on the data train. But for those not well-versed in data science, statistics and advanced mathematical modeling can seem like a foreign language. If that’s the case, it is more digestible in bite-sized chunks. Focusing on specific workforce metrics such as overtime hours each pay period will uncover loads of opportunities to better utilize staff members.
Having access to advanced business intelligence tools allows leaders to zero in on specific metrics and offers insight into the current state of workforce operations, allowing goals to be set and an effective plan to be created. Leaders shouldn’t be scared off by the term “analytics.” Data science doesn’t need to be any more complex than presenting important business data in a comprehensible and actionable way.
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