People Analytics

Identify Risks Before They Become Problems

At Nordisk Aktuarservice, we take a structured approach to People Analytics, enabling organisations to identify, assess, mitigate and manage workforce-related risks through data-driven insights and advanced statistical modelling. Our objective is to provide management with a sound basis for strategic decision-making on social sustainability, helping organisations proactively address both risks and opportunities related to employees, working conditions, well-being, skills and long-term value creation.

Our People Analytics Model combines actuarial techniques with advanced statistical methods to measure and monitor your organisation's current and future social risk profile. The model can help answer questions such as:

• Which employees are at elevated risk of stress-related illness, resignation, or workplace injuries?
• How many employees are expected to fall into identified risk groups over the next year?
• Which talent profiles should be prioritised in future recruitment efforts?
• How is social risk evolving over time, and how does the organisation compare with previous periods and relevant peer groups?

From Data to Decisions

A project begins with a thorough assessment of objectives, scope, data quality, and data availability. Based on this foundation, we develop tailored statistical models to analyse and predict key workforce and HR metrics. These models can be complemented by machine learning techniques, providing additional benchmarking capabilities and serving as a tool for model validation.

The results are presented through clear visualisations and intuitive dashboards, enabling organisations to:

• Quantify workforce-related risk and monitor trends over time
• Perform cost-benefit analyses of different initiatives and interventions
• Support evidence-based dialogue between HR and management

Focus on Value Creation and Risk Reduction

A central part of our approach is translating analytical insights into practical risk mitigation initiatives. Working closely with HR and relevant business units, we identify and implement targeted actions designed to reduce risk, improve employee well-being, and strengthen retention. The impact of these initiatives can then be monitored over time, allowing organisations to continuously refine and optimise their efforts.

With People Analytics, organisations can manage workforce-related costs more effectively, optimise resource allocation, and establish a stronger foundation for strategic HR decision-making, driven by data and evidence rather than intuition.