What is Workforce Analytics in SAP LOD-SF-WFA - Workforce Analytics & Planning?

SAP Term: Workforce Analytics

• Component: LOD-SF-WFA

• Component Name: Workforce Analytics & Planning

• Description: A product customers can use to gain insights into the impact of investments in talent on business outcomes, and which increases visibility of workforce trends, risks, and opportunities.

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• Key Concepts: 
  Workforce Analytics is a component of SAP SuccessFactors that provides organizations with the ability to analyze their workforce data and gain insights into their workforce. It enables organizations to make informed decisions about their workforce, such as hiring, training, and retention. It also helps organizations identify trends in their workforce and develop strategies to address them. 
  
  How to use it: 
  Workforce Analytics can be used to analyze data from multiple sources, such as employee surveys, performance reviews, and HR data. It can be used to identify trends in employee engagement, performance, and attrition. It can also be used to identify areas of improvement in the organization’s workforce and develop strategies to address them. 
  
  Tips & Tricks: 
  When using Workforce Analytics, it is important to ensure that the data being analyzed is accurate and up-to-date. Additionally, it is important to ensure that the data is being analyzed in a way that is meaningful and actionable. 
  
  Related Information: 
  Workforce Analytics is part of the SAP SuccessFactors suite of products. Other components of this suite include Performance & Goals, Recruiting, Learning & Development, and Compensation & Benefits. Additionally, Workforce Analytics can be integrated with other SAP products such as SAP HANA and SAP BusinessObjects.