Fieldglass Business Intelligence Fuels Best in Class Contingent Labor and Services Programs
New Solution Reveals Actionable Information for Smarter Decision Making
CHICAGO-November 3, 2009- Fieldglass, Inc., provider of the leading unified platform for acquiring contingent workers, services and direct hires, today announced its comprehensive business intelligence suite, arming companies with the information necessary to create more strategic and cost-effective workforce programs. Using Fieldglass Business Intelligence, customers can uncover program data, identify trends and anomalies and benchmark against the industry.
"Fieldglass' business intelligence offerings provide HMS with insight into spend, potential compliance risks and the overall efficiencies of our program," said David Barrows, director of talent acquisition, HMS. "The benchmarking component allowed us to see how our program stacks up against the industry average, giving us a level of detail we could not achieve on our own. This is especially critical information in the context of today's economy."
Current research findings suggest a business intelligence solution is important to any labor program's success.
"In our most recent contract talent research study, nearly every interviewee spoke about the importance of reporting. In fact, one respondent went so far as to say that this was the single greatest ROI his organization realized in moving from decentralized to centralized contingent workforce management," said Amy Lewis, director of Talent Acquisition Community, Human Capital Institute. "Better data leads to better reports, on which to make better decisions."
Fieldglass Business Intelligence provides a unique level of analysis to all users to improve day-to-day performance and ultimately helps companies make better hiring decisions in line with company goals through:
-Reporting. Fieldglass offers a broad collection of second-generation standard reports, ad-hoc reports based on user-defined criteria and scheduled reporting. Fieldglass Analyzer features drill-down analysis and charting capabilities that allow non-technical users to easily interpret large volumes of data in real-time.
-Fieldglass Visualizer. This new feature displays program data in a series of interactive graphs and dashboards. Visualizer proactively detects emerging trends regarding key performance indicators and identifies other anomalies and outliers. Users can immediately drill into the appropriate place within the Fieldglass application to take action or research areas of concern.
-Benchmarking. The benchmark reports compare a company's rates, cycle times and supplier performance with Fieldglass' broader data supply - the industry's largest aggregated pool of contingent workforce data. Delivered as a service through the program office, the reports identify patterns, best practices and strengths and weaknesses. The normalized market data can be filtered by, for example, industry or geo-population tiers to provide customers insight into their program's operations.
"It remains a challenge to evaluate human capital management programs in a meaningful way," said Jai Shekhawat, CEO, Fieldglass. "Alongside Fieldglass' decision support capabilities and other built-in predictive functionality such as real-time alerts, the new business intelligence tools will prove to be invaluable to our partners and customers and help them positively transform their businesses."