#Japan #Tokyo #JMAC #People Analytics #KNOT DATA

JMAC and KNOT DATA's Innovative Collaboration

In a groundbreaking partnership, Japan Management Association Consulting (JMAC) has teamed up with KNOT DATA, a data science firm under the Japan Management Association Research Institute, to release the highly anticipated People Analytics Suite. This innovative service aims to revolutionize human resource management by seamlessly integrating various HR data, from recruitment to retention, while employing cutting-edge AI tools and advanced statistical methods.

Comprehensive Data Integration for Enhanced Insights

One of the standout features of the People Analytics Suite is its ability to unify multiple data sources without the need for extensive system revamps. Traditional talent management systems often struggle with this integration, but thanks to KNOT DATA's data science expertise, companies can now access precise analytical reports that significantly aid decision-making processes.

JMAC’s extensive knowledge of organizational and HR consulting, combined with KNOT DATA’s analytical prowess, ensures a robust approach to people analytics that is both practical and outcome-driven. The suite offers solutions that are not just theoretical but result in quantifiable improvements in organizational performance.

Actionable Solutions Supported by Consulting Expertise

Rather than merely visualizing data or highlighting issues, JMAC uses its long-standing consulting methodologies to devise and implement concrete solutions based on analytical outcomes. Support extends all the way from the initial analysis to the execution of strategies, including follow-up assessments (measured at six-month or annual intervals) to ensure the effectiveness of initiatives. This cyclical review process fosters a sustainable approach to managing human capital in organizations.

Services Offered by the People Analytics Suite

People Capital Management

• - Modeling Human Capital KPIs: By consolidating disparate internal data, the suite identifies critical KPIs that contribute to enhancing corporate value.

• - Assessment of Initiative Effectiveness: The suite quantitatively measures changes before and after initiatives, allowing companies to establish a data-driven PDCA cycle for continuous improvement.

Recruitment Processes

• - Building High Performer Models: The suite creates profiles of successful employees in the organization and matches them with prospective candidates to enhance selection accuracy and mitigate mismatches.

• - Optimizing Candidate Follow-Up: By evaluating the effectiveness of post-offer engagement strategies, the suite aids in improving communication with new hires.

• - Streamlining Selection Processes: It uses statistical methods to determine optimal acceptance criteria for various positions, speeding up the selection process while removing subjective biases.

Engagement and Retention

• - Data-Driven Placement: The suite matches individuals' skills and career goals with departmental needs through data analytics, maximizing organizational performance and employee satisfaction.

• - Skills Mapping and Gap Analysis: It visualizes discrepancies between current skills and those necessary for strategic goals, enabling companies to implement targeted development plans.

• - Early Detection of Turnover Risks: Changes in attendance and evaluations are monitored to detect early warning signs of potential resignations, ensuring companies can take proactive measures to retain top talent.

About KNOT DATA

KNOT DATA, headquartered in Toranomon, Tokyo, specializes in data science solutions and plays a critical role in the development of the People Analytics Suite. Their expertise in processing and analyzing complex data sets ensures that organizations can leverage their data effectively to solve various challenges.

About JMAC

Japan Management Association Consulting (JMAC), established in 1980 and located in Minato-ku, Tokyo, offers management consulting services across multiple disciplines, including strategy, marketing, sales, R&D, and human resources. With a dedicated team of around 370 professionals, JMAC continues to lead companies towards achieving their goals through tailored consulting solutions.

Conclusion

With JMAC's extensive consulting experience and KNOT DATA's analytical capabilities, the People Analytics Suite promises to deliver significant enhancements to organizational effectiveness and employee engagement. This powerful collaboration is poised to support companies in overcoming their HR challenges, leading to improved performance and employee outcomes.