NEW COMPANY FINDS BURIED TREASURE IN HUMAN RESOURCE DATABASES

FOR IMMEDIATE RELEASE
(Free-Press-Release.com) July 23, 2009 -- A new company has been created in Louisville, Kentucky, specializing in knowledge discovery, data mining and predictive analytics for human resource data. Workforce Foresight LLC (www.wforesight.com) helps clients extract information and knowledge from their HR databases, use that knowledge to predict future outcomes, and act on that knowledge to change the future.

Steve McDonnell, a former Worldwide Partner and head of the Global Information and Software business for the Americas at Mercer Human Resource Consulting, left the firm after more than 20 years to become the company’s founder and President.

“Hiding in HR databases are information and knowledge that can improve recruiting, reduce turnover, get more ROI from training, and inform strategy,” says McDonnell. “We help companies extract knowledge from their data and use it to make decisions and take actions today that not only change the future but also have a measurable impact on the bottom line.”

The company spent the past 12 months designing a process and developing an automated tool that will make it possible for organizations to mine their human resource information. “Very few companies do this today,” says McDonnell, “because it’s kind of like searching for buried treasure in the ocean without a map. You know it’s there, but there are so many places to look that it’s absolutely overwhelming. By following our process, clients can create a map, so they know what they are looking for and where to look for it. Then our automated tool dives in and extracts information and knowledge -– the buried treasure that exists today inside every organization’s workforce databases.”

Workforce Foresight also offers data quality assessments, custom data mining services and creates predictive models for events such as turnover.

More information can be found online at http://www.wforesight.com

data mining     hr     Human Resource     Knowledge Discovery     workforce forecasting     workforce planning