An organisation's biggest asset and usually its biggest expense, is its employees. Often management of resources, assessment of performance, reward and overall contribution to business strategy and success, is not considered or measured comprehensively.

Statistically those organisations that implement and monitor effective people processes have better financial results.  Use of Business Intelligence is growing in Human Capital Management (HCM) and becoming a critical enabler to the measurement and implementation of effective people processes. Through business intelligence organisations can identify:

• Which  resources  and skill sets are required to deliver the overall business strategy.
• Which resources and skill sets are no longer required.
• Which  resources are top performers or have the greatest potential.
• Whether top performers are meeting their potential, and if not, why not.
• Turnover of resources against skill sets, business strategy and compensation with a view to retaining top performers.

Using Business intelligence solutions an organisation can analyse a consolidated view of headcount and resource skill sets against expenses, compensation rates and performance.  BI can provide insight into why resources it wishes to retain are leaving an organisation, or are under-performing, whilst identifying skill sets that are no longer required to meet organisational goals. 

Convergent has a proven track record of delivering many HCM applications and BI Solutions into the HR and HCM process area.  Convergent's team of BI consultants understands the end-to-end HCM decision making process and associated subject areas.  Convergent offer specialist consulting expertise on how to rapidly implement BI as means to analyse and gain insight into:

• An organisation’s overall resource profile.
• Distribution of headcount and termination across various organisational demographics.
• Correlations between compensation and performance.
• Key retention metrics such as trends in attrition, hires, headcount.

This analysis can be used to drive recruitment, resource planning, training,  talent management, compensation planning & budgeting and termination; ensuring that an organisation has the right resource at the right time to support company strategy and performance, while optimising expenses.