Buck launches people analytics solution bEquipped
Human resources consultancy Buck has launched a new analytics solutions that helps businesses improve employee wellbeing and financial performance. The offering was developed in partnership with Sisense, a New York-based provider of business intelligence software and analytics tools.
According to Buck, the bEquipped solution gives a comprehensive view of financial, workforce, healthcare, diversity, and engagement data, and uses predictive analytics to provide action-oriented people insights to boost wellbeing and the organization’s financial performance.
"Employers struggle to predict their people needs and build the right HR programs to retain and attract key talent while also driving their own organizational performance,” Steve Coco, chief solutions officer at Buck, said. “With bEquipped, we guide clients using variables they can control, including HR program design, communication, and business scenarios to achieve ideal talent and business outcomes."
Like many software offerings proffered by consulting firms, Buck’s solution aims to help clients solve their problems with data-driven insights. The collection of data is the first part, but the insights derived and the decisions they drive is the critical component. If the solution gets tangible results and a non-trivial ROI, then you have a proper product, rather than “digital” and “data” for their own sake.
"We are excited by the opportunity to work with a recognized leader in HR and benefits, helping to analyze and derive value from their clients' data," said Amir Orad, CEO of Sisense. "Buck is building a suite of analytic apps across all its business units, and Sisense's cloud-based platform can help meet the immense informational needs of this data-centric services firm and take its clients to the next level."
Buck has been building out its proprietary HR solutions platform since it was bought by H.I.G. Capital last summer. Last year, the firm launched BuckConnect, a machine-learning powered platform for health, wealth, and benefits programs. Using the app’s mobile/web interface, employees can received individualized plan support and manage their benefits and HR programs. According to Buck, the platform can help drive employee engagement and satisfaction, while boosting productivity.
