Insights helps you to improve Personnel Metrics.
It is important to understand the personnel metrics and investments into your employees in order to make sound financial decisions for your company. By understanding all the KPIs in relations to your personnel metrics, you can determine if you are over or understaffed in certain departments. This will help you make informed hiring decisions and understand where to invest your resources for employee retention.
Analyze your Personnel Metrics.
MoreThanDigital Insights can help an organization analyze and improve its personnel numbers and KPIs. By analyzing the most important business metrics in relation to personnel businesses can gain valuable insights for data-driven management decisions. Benchmarking and comparisons don’t just help to see how the company is doing compared to peers or the industry, but also help to identify the health of a company.
Analytics & KPIs
We help every organization to analyze relevant numbers and key performance indicators (KPIs) for data-driven decision-making. Focus on the analytics that have the biggest impact.
Comparison & Benchmarks
Insights allows you to compare your business to industry averages or customized peers to see how well you are performing. This information can help you make informed decisions about your business’ future.
for Data-Driven Decisions.
Employees are at every organization’s heart and an essential metric for data-driven management. To make the best decisions, it is crucial to have accurate personnel insights such as employee and FTE allocations, department resources, and relative numbers for revenue/employee or costs/employee.
With MoreThanDigital Insights, this personnel information can be compared with industry averages or the performance of similar businesses to make more informed decisions on where optimization is needed and which personnel KPIs might need improvement.
Insights helps you to optimize your personnel KPIs
MoreThanDigital Insights helps you to unerstand personnel related KPIs and metrics. They help to optimize the organization and help you to allocate resources to the right topics.
- Inhouse/External/Contracted Share
- External Ratio
- Outsourcing Ratio
- Additional: People & Culture Maturity
Why analyze, personnel and relative-KPIs?
There are a few reasons why companies need to track personnel metrics and personnel allocations. The first reason is that these metrics can help management make better decisions. For example, if a company knows how much revenue each employee generates, it can better allocate employees to maximize their profits. Similarly, if a company understands the associated costs for each employee, it can better have an overview of the related expenses.
The second reason companies need to track personnel metrics is to stay competitive. If a company’s competitors are tracking these metrics and the company is not, the company will be at a disadvantage.
By tracking these personnel metrics, companies can better understand their business and make more informed decisions. Additionally, by comparing these metrics to industry averages and peer companies, companies can ensure they make the most efficient use of their resources and remain competitive in the marketplace.
There are a variety of personnel metrics that companies can track. Some of the most impcriticalclude:
- Allocation: The amount of resources (e.g., money, time, etc.) allocated to each department/area.
- Employee numbers: The total number of employees at a company.
- Share of external and outsourced employees: The percent of workforce that is contracted or outsourced.
- FTE numbers: The total number of full-time equivalent employees at a company.
- Revenue/employee & Revenue/FTE: The amount of revenue generated by each employee.
- Costs/employee & Costs/FTE: The amount of costs associated with each employee.
Business Analytics Platform.
Measuarble Business Dimensions
Some questions answered.
Here are the answers to some of the most frequently asked questions about the MoreThanDigital Insights platform. If your question is not included, we’d love to hear from you!
How can I analyze my personnel data?
There are several ways to analyze your personnel data. One option is to use a software program that automatically calculates key performance indicators (KPIs) for you.
MoreThanDigital Insights is an excellent choice for this, as it is easy to enter your data, there is a guided flow, and it provides automatic personnel KPI calculations incl. peer insights. Additionally, your data will be kept safe, anonymous, and confidential.
How can I improve my company based on this data?
Insights gives you a highlighted overview of your company’s personnel metrics and how it stacks up against the competition, peers, or industry. The maturity section will help identify where you need to focus your efforts on all relevant business dimensions, and the peer insights section provides a valuable resource for benchmarking. Finally, the more you know what’s working (and what isn’t), the better you’ll make informed, data-driven decisions that improve your business.
Can anyone see my data? Is it safe?
Your company’s data and financial insights are safe with us.
Only you can see it, and nobody else can search for it. Insights meets the most stringent requirements for protecting your data in transfer and rest.
However, if you invite others to Insights and view your financial data, they may have access to that information. So please be careful when inviting consultants, employees, and managers. Our comprehensive User-Access Management will help you manage the visibility of your sensitive data; by default, nobody can see your financial data.
Who are my peers for comparisons/benchmarks?
In our free version, your peers for comparisons and benchmarks can vary depending on several factors, including country, industry, and company size and will be automatically set by our system. Your company will then be compared against your primary sector and relevant size classification within your country/state.
However, with our premium, you can choose your peers based on what best represents your company’s positioning. This could include data from multiple countries, a range of company sizes, or companies in complementary industries.
It’s also important to keep in mind that you should always be looking to set your peers right and aim for excellence in essential areas – this is what will help you stand out from the competition.
Is Insights really free? Are there hidden costs?
Yes, Insights is free for everyone. We believe that by making it easier for people to get insights from their data, they can be more successful in their businesses and positively impact the world. That’s why we’re committed to being the most accessible analytics platform.
To save server workload, we only limit peer data and report dept, which is then reserved for the premium version. For your personalized peer data set and more in-depth reports, please support our mission by buying a premium report.
Please read our #bethechange statement – why MoreThanDigital gives everyone access to such tools.