For decades, companies have been struggling to utilise the data on work and manpower dynamics to unleash the power of business growth and sustainable development. A number of decisions have been made based on sentimental perceptions and baseless skeptics on how to align the pool of talents with companies' core values. The potential for misuse of data can result in ignored individual rights, wrongful termination, downgrading teamwork, untapped skills and low productivity.
Profoundly. If businesses use this data responsibly & effectively, the organisational risks they might face will be mitigated. They are low trust from employees, poor forecasts of future growth, high costs of conflicts and poor returns on investment. More trust leads to more economic dividends. If they adopt responsible strategies, trust dividend would be worth more than a 12.5 percent increase in future revenue growth (accenture.com). If the strategy is adopted effectively, more than 50 percent for workplace conflict costs would be saved (respectvn.com).
Here WE@WORK presents an approach to help corporate leaders successfully drive value while earning the trust of employees, investors and societies with smart investments into the untapped workplace data as well as the decoding & leveraging the organisational DNAs.