For many organizations, a bench of available employees serves as a valuable asset. A bench provides the necessary flexibility to react quickly to new business opportunities.
The bench, however, comes at a cost, so the number and skills of employees on the bench (bench strength or bench size) must be carefully evaluated in order to balance the cost of paying employees while they are not generating revenue, with the opportunity cost of lost revenue from having unfilled positions in the near-term. Download this case study to discover the insights and actionable recommendations that emerged from the analysis performed in a business unit of a large professional services firm.
OptForce utilizes simulation modeling, advanced statistics and optimization to create actionable people analytics that improve organizational performance, reduce talent risk, and enrich the work experience.