On Nov. 3rd, UKG announced that they had acquired Quorbit, a startup in the workforce planning space. UKG, of course, requires no introduction, but Quorbit may need an introduction — they are an Oxford-based (UK-based) technology solution that helps highly-complex organizations create workforce budgets, align work with business goals, and increase the overall accuracy of their planning requirements.
What makes Quorbit an especially shrewd acquisition is that their solution is tailor-made for today’s VUCA (Volatile, Uncertain, Complex, Ambiguous) world of work. For the last few years, organizations have been reeling from external forces that have shortened the scope of their planning. Quorbit extends the reach of workforce planning deeper into the future, by creating data-based workforce plans that remain agile enough to accommodate a chaotic world.
The importance of creating evidence-based long-term workforce plans right now is at an all-time high. Many organizations simply do not have the capabilities needed for scenario planning, which recent Brandon Hall Group research shows. The Predicting the Future Needs of the Workforce Through Advanced Analytics studyshowed that 64% of organizations only use HR data for observing and reporting, not creating future plans or modeling “what if” scenarios. To make valid predictions, more organizations will need to invest in the people and technology that allow for scenario modeling and trend analyses that are required in these volatile times.
Another differentiator for Quorbit is their expertise in working with frontline or hourly workers. This expertise allows organizations to give frontline or essential workers the same employee experience as their non-frontline colleagues, while still providing the necessary services that we all rely on.
Brandon Hall Group will be attending UKG’s Aspire conference next week and will have more details regarding this acquisition and other future activities from UKG – a constant leader in the world of HCM innovation.