Global companies can use their own data to potentially gain a competitive advantage in the marketplace. Data analytics can help organizations improve HR operations and processes for a more effective workforce. Companies can also make more informed, evidenced-based strategic decisions about their total rewards programs.
Data should drive business decisions
Companies can prepare for their data analytics journey by taking these steps:
Build the right analytics program
Invest in HR technology to drive analytics
Collaborate and build the right teams
Drive the adoption of data analytics in the business
How KPMG can help you
We can help you address global rewards issues with innovative solutions that improve workforce effectiveness. Recent examples of data analytics opportunities include:
- Global payroll risk quantification and tax solutions
- Quantifies payroll reporting and tax withholding obligations
- Provides business case to implement incentive compensation payroll tax solutions
- Corporate tax deduction maximization, benefits and equity awards
- Identifies and quantifies potential global corporate income tax savings
- Demonstrates cost versus benefit of implementing a cost recharge arrangement for equity awards
- Employee retention risk and cost minimization
- Evaluates employee retention risk against employee performance/potential
- Focus employee retention efforts on high-performing/potential employees to minimize cost
From compensation and benefits to performance management and career training, we use technology and data analytics to help companies make better decisions that attract, develop and retain talent.
Download the slip sheet below to see how your corporation can enhance performance, mitigate risk and increase visibility across your organization.
Learn how your company can use data analytics to address and improve critical human resources issues.
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