SINGAPORE, March 8, 2015 /PRNewswire/ -- The Conference
Board and Mercer are pleased to announce the launch of the
Workforce Analytics Institute (WAI) – the first of its kind in
Asia.
The WAI is a virtual platform which will provide businesses
across the region and, specifically, human resources professionals,
with the research, tools, methodologies and training they need to
move from standard workforce planning to sophisticated workforce
analytics. The WAI is designed to accelerate the progress of
organizations on their big data journey and enable them to
outperform their competitors.
The Conference Board and Mercer will invest extensively in
research that provides organizations with a roadmap to build and
implement robust workforce analytics.
The WAI, which is a membership-based platform, brings together
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. The councils will convene twice a
year and will offer members access to the knowledge and insight of
industry leaders, as well as practical support. Along with tailored
research and industry access, the WAI will offer workshops,
webcasts, city briefings and a range of communication vehicles.
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
organizational and people value enhancement."
"The Conference Board is very pleased to join with Mercer and to
contribute our decades of expert knowledge in strategic workforce
planning, in order to address this critical need for our industry
and to continue to lead the market in developing clear thought
leadership in analytics," said Dr. Rebecca
Ray, Executive Vice-President, Knowledge Organization and
Human Capital Practice Lead, The Conference Board.
"We are very excited to be a part of this game-changing
initiative, which addresses the divide between HR and big data
analytics," said Dion Groeneweg,
Partner and HR Transformation & Workforce Planning Leader for
Growth Markets, Mercer.
Mr. 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 organizations across the world, we are increasingly
seeing that the organizations 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
organizations advance their analytics and workforce planning
agenda."
"A relatively small number of organizations have the capacity to
manage and use human capital data," said Nick Sutcliffe, Executive Director of The
Conference Board in Asia. "Leaders
today report a lack of confidence in HR being up to the challenge
of dealing with twenty-first century human capital needs. The WAI
will provide organizations with the techniques and insights to help
them articulate the impact of human capital investments and to
identify future trends that will influence both their business and
human capital decisions."
The WAI will offer high-level learning and its initial focus
will be in the areas of:
- How do human capital analytics contribute to organization
performance?
- What types of human capital analytics projects can
organizations implement?
- How can organizations 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.
About The Conference Board
The Conference Board is a
global, independent business membership and research
association working in the public interest. Our mission is unique:
to provide the world's leading organizations with the
practical knowledge they need to improve their performance
and better serve society. The Conference Board is a
non-advocacy, not-for-profit entity holding 501 (c) (3) tax-exempt
status in the United States. For more information, visit
www.conference-board.org. Follow us on Twitter
@Conferenceboard.org
About Mercer
Mercer is a global consulting leader in
talent, health, retirement and investments. Mercer helps clients
around the world advance the health, wealth and performance of
their most vital asset – their people. Mercer's more than 20,000
employees are based in more than 40 countries and the firm operates
in over 130 countries. Mercer is a wholly owned subsidiary of Marsh
& McLennan Companies (NYSE: MMC), a global professional
services firm offering clients advice and solutions in the areas of
risk, strategy and people. With 57,000 employees worldwide and
annual revenue exceeding $13 billion,
Marsh & McLennan Companies is also the parent company of Marsh,
a leader in insurance broking and risk management; Guy Carpenter, a
leader in providing risk and reinsurance intermediary services; and
Oliver Wyman, a leader in management consulting. For more
information, visit www.mercer.com. Follow Mercer on Twitter
@MercerInsights.
Notes to Editors:
The Conference Board's Strategic
Workforce Planning (SWP) expert and Principal Researcher Dr.
Mary Young has worked with Asian
government bodies and corporations for more than a decade to bring
SWP and analytics capacity to human capital professionals.
Her recent work Nobody's Perfect is one of the first to
examine the value of sources of external labor market data.
Dr. Rebecca Ray, Human Capital
Practice Lead, and Dr. Patti
Phillips, Distinguished Principal Researcher, continue to
support the work of analytics with reports including Human
Capital Analytics: A Primer and Human Capital Analytics
@Work.
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SOURCE The Conference Board