Minneanalytics Version of Ecosystems and People Analytics
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The next step in the continuing evolution. Top level view of "What Is Analytics, where is it going, what's happening today
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Minneanalytics Version of Ecosystems and People Analytics
- 1. ©2016 HRExaminer PO Box 1200 Occidental, CA 95465 415.683.0775 john@hrexaminer.com Ecosystems and Analytics
- 2. ©2016 HRExaminer PO Box 1200 Occidental, CA 95465 415.683.0775 john@hrexaminer.com 2 • Definitions • The Umbrella • State of the Industry • The Unknown • The Risks • Moving Ahead
- 3. ©2016 HRExaminer PO Box 1200 Occidental, CA 95465 415.683.0775 john@hrexaminer.com 3 Like A Pocket Full of Five Earbuds
- 4. ©2016 HRExaminer PO Box 1200 Occidental, CA 95465 415.683.0775 john@hrexaminer.com Analytics • Is the use of data to help make a decision • Are the results of an evidence based process • Are the result of an algorithm 4
- 5. ©2016 HRExaminer PO Box 1200 Occidental, CA 95465 415.683.0775 john@hrexaminer.com Analytics Is Precursor To Metrics Data Knowledge Insight Wisdom Data Hypothesis Analytics Metrics Data Questions Understanding Narrative 5 Analytics is the discovery and communication of meaningful patterns in data. Metrics Are Standard Measures
- 6. ©2016 HRExaminer PO Box 1200 Occidental, CA 95465 415.683.0775 john@hrexaminer.com State of the Market • More Smoke, Less Fire. Calm Before The Storm • All Vendors Have an Angle • Supplemented Employee Profiles – Resumes – Social Profiles – Employee Record • Low Awareness of Consequence • Islands of expertise in a sea of confusion 6
- 7. ©2016 HRExaminer PO Box 1200 Occidental, CA 95465 415.683.0775 john@hrexaminer.com Analytics Umbrella 7 You’re Already Doing It
- 8. ©2016 HRExaminer PO Box 1200 Occidental, CA 95465 415.683.0775 john@hrexaminer.com Three Approaches To Analytics • Data First (Searching For Improvement) – 90% Data Collection and Cleaning – Limited Impact – Longer Term Utility • Decision First (Searching For Evidence) – Question First- What’s the Issue – Targeted Data Collection – • What Data Helps Make a Better Decision • Estimates Are Useful • Vended Package (Analytics as Monitoring) • Workbench (None Yet) 8
- 9. ©2016 HRExaminer PO Box 1200 Occidental, CA 95465 415.683.0775 john@hrexaminer.com 9 Practitioner Gap
- 10. ©2016 HRExaminer PO Box 1200 Occidental, CA 95465 415.683.0775 john@hrexaminer.com Fermi’s Deconstruction 10 Time to Hire: 40 Days from Vacancy Average Wage: $85/hr Hiring Opportunity Cost: 40x8x85 = $27K Cost to Hire: $6K Missed Production: $40K Total CTH: $73K
- 11. ©2016 HRExaminer PO Box 1200 Occidental, CA 95465 415.683.0775 john@hrexaminer.com Inside and Out 11 • HR is Becoming Outward Facing • Data Sources – Internal – Ecosystem – External • Examples – Ecosystem Talent Management – Ecosystem as Talent Buffer – Pay and Benefits Equalization
- 12. ©2016 HRExaminer PO Box 1200 Occidental, CA 95465 415.683.0775 john@hrexaminer.com Ecosystems 12
- 13. ©2016 HRExaminer PO Box 1200 Occidental, CA 95465 415.683.0775 john@hrexaminer.com Coral Is An Animal 13
- 14. ©2016 HRExaminer PO Box 1200 Occidental, CA 95465 415.683.0775 john@hrexaminer.com Coral Is A System 14
- 15. ©2016 HRExaminer PO Box 1200 Occidental, CA 95465 415.683.0775 john@hrexaminer.com The Unknown Σ xactions ≤ the whole 15
- 16. ©2016 HRExaminer PO Box 1200 Occidental, CA 95465 415.683.0775 john@hrexaminer.com Risks • Unintended Consequences (Cobras) • Consequences of Measurement • Algorithm • No Safety Monitoring/ Liability CessPool • Do Not Adequately Understand Organizations • Do Not Adequately Understand How People Work 16
- 17. ©2016 HRExaminer PO Box 1200 Occidental, CA 95465 415.683.0775 john@hrexaminer.com Politics • Problem: Analytics Make People Wrong • Get Stakeholders Involved Early • Always Frame As an Hypothesis – Begin w/ Open Minds • Consider Hiring a Consultant 17
- 18. ©2016 HRExaminer PO Box 1200 Occidental, CA 95465 415.683.0775 john@hrexaminer.com Take Aways • Earlier and Bigger Than You Think • Cautions Important – Not Real w/o Risk Analysis – Where’s the product safety department • Being In At The Beginning – Let Me Give You Some Numbers – I Don’t Know. Let Me Get You An Estimate. • Importance of Simplification • Is Analytics Lawyer Heaven? 18
- 19. ©2016 HRExaminer PO Box 1200 Occidental, CA 95465 415.683.0775 john@hrexaminer.com 19
- 20. ©2016 HRExaminer PO Box 1200 Occidental, CA 95465 415.683.0775 john@hrexaminer.com 20