The Human Capital Management Institute (HCMI), helps clients improve business results through smarter workforce spending and better talent management by providing business analytics for Human Resources Management. Today, they announced the addition of major artificial intelligence (AI) capabilities to SOLVE – its workforce analytics and planning software that uniquely links people investments to key business outcomes.
According to the company, more than 1,000 predictive machine learning algorithms and natural language processing now enable the software to much more rapidly find and report actionable insights to employers. SOLVE integrates and analyzes sets of HR, financial and operational data, and applies 620 standardized human capital metrics to identify key drivers of productivity, costs, turnover, retention, engagement, leadership, and performance for an organization.
Lower the workforce cost structure as much as 10% or more
Measure and predict changes in workforce value and risk for board governance and reporting
Provide business-critical workforce performance measures vs. KPIs and benchmarks
Improve the financial linkage between strategic business planning and strategic workforce planning
Increase retention and reduce the cost of turnover
Improve quality of hire while reducing the cost of hire
Develop a stronger leadership bench
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