WORKFORCE ANALYTICS
Companies know that their workforce is their most valuable asset, but managing that asset at scale is nearly impossible without powerful analytic insight into workforce data. Resolution Economics’ interdisciplinary team of expert data scientists, labor economists, and I/O psychologists unlock critical insights in your company’s workforce data so you can be more intentional and strategic in your workforce decision making.
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Based on your organization’s particular needs, our team of experts can provide:
Strategic People Analytics
To succeed, a company needs a workforce that is aligned, capable, and ready to execute on its strategies. Our team can help you achieve that with one or more of the following:
- A Skills Gap Analysis to help determine if your company’s strategic needs can be supported by your workforce’s knowledge, skills, and abilities
- A Listening Study for workforce sentiment and engagement to help determine if your workforce is motivated and driven to perform
- A Personnel Transaction Study to help optimize your hiring, promotion, and attrition decisions, so they are legally compliant, efficient, and effective
Pay Equity
Beyond compliance obligations, companies that prioritize pay equity enjoy a competitive advantage in the battle for talent. To help you in this area we offer:
- Compliance-oriented Proactive Pay Equity Studies: to help mitigate legal risk exposure by identifying potential pay differences and providing a strategy to reduce those differences to within compliance requirements
- In-Depth Driver Assessments: where differences are found, our team of experts can help identify policies and practices (e.g., hires, promotions, training) that are driving systemic pay differences
- Outlier Analysis: to help identify individuals who may be over or under-paid, after accounting for important explanatory factors (e.g., tenure, performance)
- Expert Testimony: In audit and litigation situations, our experts can help defend your compensation decisions
AI Bias Audit
Artificial Intelligence (“AI”) can introduce potential bias that may affect your employees. To mitigate that risk, our experts can:
- Identify potential AI bias and determine how it is affecting your employees
- Mitigate risk exposure by determining whether group differences can be accounted for by legitimate explanatory factors
- Help Protect your AI strategy against legal exposure with a validation study
Adverse Impact Discrimination
If personnel decision making (e.g., hires, promotions, terminations) results in imbalanced outcomes by gender, race, or age, that can be a sign of potential adverse impact discrimination. To help guard against this, Resolution Economics’ experts can:
- Investigate for adverse impact
- Mitigate risk exposure by exploring alternate employment practices to reduce and/or eliminate adverse impact
- Help Protect your decision making against legal exposure with a validation study