Enhance staffing strategies for HCM

Accurate staffing recommendations are critical for Human Capital Management businesses. Using external intelligence makes these predictions more responsive and accurate, improving business outcomes for your customers and your business.

The Challenge

Most workforce planning is based only on historical trends

Forecasting labor has traditionally relied almost exclusively on historical data to predict future demand. Yet events are known drivers of demand and they need to be factored in also to avoid being unprepared for costly anomalies. Yet knowing which events move the needle is hard, as is reliably tracking event data in-house, which is a notoriously dynamic data set.

Our Solution

Leverage external demand intelligence to improve labor forecasts

Let PredictHQ track high impact events for you. Our systems aggregate and verify events that will influence labor demand and your customers' needs. PredictHQ also ranks events by impact and provides a specific predicted attendance number for each, so your models know exactly when your customers will experience both incremental (increased) and decremental (decreased) demand.

01

Enhance forecasting accuracy

Cut down on workforce prediction inaccuracies in your offering.

02

Predict future demand

Know when and where demand shifts will occur and proactively alert your customers.

03

Improve staffing recommendations

Make smarter workforce planning suggestions by creating more resilient models.

01

Enhance forecasting accuracy

Every year, businesses lose millions due to over- or under-staffing. Many HCM companies only look at internal data to create labor planning models, but ignoring events leads to inaccuracies in your predictions. By training your models to account for the impact of external factors using our demand intelligence API, you can reduce your forecast error rate and improve accuracy.

02

Predict future demand

Knowing where and when demand will occur before it does is an opportunity to make your offering the most attractive in a competitive space. Our event data is enriched with intelligence and rankings, enabling your models to quantify the impact of events, individually and in aggregate. Your customers will know ahead of time when they will experience busy or slow days and make smarter scheduling, hiring, and training decision, all thanks to your platform.

03

Improve staffing recommendations

Be the industry leader that enables your customers to prepare for demand they didn't know was coming, and being able to explain why. By incorporating external factors into your forecasting models sets HCM providers apart from competitors because they have more accurate insights about their customers’ staffing needs. Enable your customers to never miss an opportunity to drive revenue, while reducing operational costs.

Customer Stories

Trusted by Fortune 500 companies

Companies like Uber, Domino’s, and Amazon Alexa use PredictHQ's event data. Incorporating demand intelligence is a priority for any company in a competitive market.

Labor forecasts are 98% accurate, and thanks to machine learning, the forecasts continually get up to date, enabling organizations to make the best staffing and revenue decisions.
Read Legion’s Story

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