Optimize HR spending, employee satisfaction and recruiting
HR programs are a big and growing expense. They serve as an important tool to attract and retain talent. However, most employers have only a limited understanding of whether their HR programs meet employee needs, how employees value rewards differently, or whether these programs are being delivered cost-effectively.
TrueChoice Solutions’ Predictive HR℠ software solution allows businesses to analyze what rewards are most important to each employee and how employees make trade-offs between them. Gain insight how to optimize the rewards that are most meaningful to employees and, simultaneously, to optimize HR spending.
TrueChoice Solutions’ Predictive HR℠ application is effective and unique because it offers state-of-the art functionality, the highest performance and the best data – all at a fraction of the cost of alternative approaches. It enables your enterprise to:
- Gain insight into what rewards each individual employee most – and least – values and the relative importance of these rewards
- Develop rewards that fully optimize employee value for the lowest possible cost
- Identify where costs can be reduced without impacting employee satisfaction
- Predict the impact of program modifications on costs and employee satisfaction
- Optimize internal and external recruiting efforts
- Better understand how best to communicate program benefits so employees fully recognize their value
Our unique, interactive, customized Web-based applications make this possible. Powered by hundreds of patented algorithms, they provide “real time”, actionable insight and analytics including:
- The relative importance of HR offerings
- Index of perceived rewards value versus rewards cost
- “Money Down the Drain” Index – spending with little utility to employees
- Modeling tools – HR plan simulations, scenario modeling, optimization
- Employee engagement scoring
Data and analysis can be viewed in aggregate, within customized, pre-defined segments, or anonymously at an individual employee level.
The TrueChoice Predictive HR℠ application is offered as a “software as a service” so there is no hardware to buy or software to maintain.
TrueChoice applications are facilitated through any Web-enabled PC, tablet, smartphone or kiosk or with the guidance of an advisor.