6/7/2023 0 Comments Audio overload hrd![]() Last year, IFC approved $3.1 billion in financing for 204 projects in 64 countries. IFC works in developing countries to provide financing for private-sector projects, assists companies with obtaining financing in international financial markets and advises businesses and governments. “It used to take overnight to run the numbers now I can have the answer in five minutes.” “We get a lot of queries such as, ‘What is the average age of people who have left in the last five years?’ ” he explains. “We needed quick answers to inquiries about our workforce, but we weren’t able to provide those answers.”īut all that changed once Fucello implemented a workforce analytics software package. “We lacked an integrated view of our workforce and a historical perspective for doing analysis,” says Joe Fucello, IFC’s human resources program officer. Even worse, when different people would run seemingly simple queries, they ended up with conflicting results. Although IFC had some homegrown tools to pull data from its PeopleSoft HRMS system and import it into a spreadsheet, it didn’t have what it needed to extract useful intelligence. ![]() That was the challenge facing International Finance Corp. But how can value be extracted from all of that raw information? Within those databases lies a wealth of data that HR can use to guide workforce planning. Analytics turn a mishmash of facts into a workforce blueprint.įor the past decade, HR professionals have dutifully entered employee data into HR management systems (HRMS).
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