SOLVE Workforce Decision Hub

SOLVE Workforce Decision Hub is a workforce decision hub designed to transform data from disparate HR and business systems into critical insights. According to the vendor, this solution is intended for businesses of various sizes and caters to the needs of professionals in human resources, talent management, business analytics, finance, and consulting across different industries.

Key Features

Workforce Analytics: According to the vendor, this feature allows users to measure, predict, and optimize the financial and business impact of workforce investments. It provides dynamic visualization, embedded analytics, and advanced query and slice-and-dice capabilities, enabling HR, business, and analytics users to identify actionable insights for talent management interventions.

Workforce Productivity: The vendor states that this feature helps identify areas for improvement and optimize workforce productivity by measuring or benchmarking return on workforce investment with 10,000+ companies. It provides insights into workforce performance and efficiency.

Turnover and Retention: According to the vendor, this feature helps in understanding factors affecting turnover and retention rates by identifying the key drivers of why people choose to stay or leave the organization. It enables targeted interventions to improve employee retention.

Recruiting: The vendor claims that this feature allows users to profile and optimize the best talent sources using the quality of hire index. It provides insights into the effectiveness of different recruiting channels and helps in making data-driven decisions to attract and retain top talent.

Performance: According to the vendor, this feature helps in identifying top performers and understanding their impact on business outcomes. It allows users to discover and measure the value created by high performers, enabling organizations to develop strategies to nurture and retain them.

Workforce Planning: The vendor states that this feature helps in aligning workforce plans with business needs and financial projections. It allows users to model and optimize workforce supply and demand based on various factors, enabling organizations to find optimal solutions to achieve financial targets and business objectives.

Demand Forecasting: According to the vendor, this feature predicts future company and job level headcount demand based on organizational drivers. It measures demand against total cost of workforce, total revenue and expense, and level of services provided, providing insights into future workforce needs to support strategic decision-making.

Supply Forecasting: The vendor claims that this feature forecasts talent supply based on factors such as account tenure, age, retirement projections, and historical employee movement. It considers the total cost of workforce for the organization, job roles, and functions, helping in understanding the availability of talent and potential gaps in the workforce.

Retirement Calculator: According to the vendor, this feature projects overall and job-level projected retirements. It provides a visual distribution of workforce segments by age and/or retirement eligibility, offering insights into workforce demographics and retirement trends.

Workforce Gap Analysis: The vendor states that this feature allows users to model and visualize overall supply and demand headcount gaps. It maps profit per full-time equivalent (FTE) against total cost of workforce and analyzes headcount, cost, tenure, age, skills, and engagement gaps against goals.