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Power Up Your HR Data - Part 1: Ensuring Data Accuracy

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Take your HR data to the next level with Ceridian’s five-part SlideShare training series. You’ll learn today’s top data challenges and discover tools for HR data success. In Level 1, we discuss the importance of data accuracy and provide you tips on how to ensure you have reliable, accurate HR data.

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Power Up Your HR Data - Part 1: Ensuring Data Accuracy

  1. 1. Power Up Your HR Data PART 1: Ensuring Data Accuracy
  2. 2. HR professionals live in a world of data. Lots of data.
  3. 3. HR professionals live in a world of data. Lots of data. But few HR departments embrace the transformative power of this information.
  4. 4. Becoming a data expert is a lot like mastering a video game.
  5. 5. It requires patience, persistence, dedication …and lots of practice. Becoming a data expert is a lot like mastering a video game.
  6. 6. To help you masterthe game of HR data, we’ve put together a five-part series of challenges.
  7. 7. To help you masterthe game of HR data, we’ve put together a five-part series of challenges. Read on to discover the keys to HR data success.
  8. 8. level 1: Ensuring Data Accuracy
  9. 9. The first challenge of your data journey is conquering inconsistencies to ensure your information is reliable & accurate.
  10. 10. Fact: The majority of organizations waste an average of 14% of their revenue due to poor data quality. Source: Rosslyn Analytics, Data the Art of the Possible: How to Create Value from Your Difference Data Sources
  11. 11. STEP 1 STEP 2 STEP 3 To power up your data,
  12. 12. STEP 1 STEP 2 STEP 3 ACCURATE! To power up your data, Establish processes and guidelines to verify the data is accurate, precise & useful.
  13. 13. Tackle your data gremlins by:
  14. 14. Tackle your data gremlins by: Source: Bersin by Deloitte, Five Star Data Quality: Building the Foundation for Effective Analytics 1. Eliminating data duplicates Use data matching tools to automatically identify and eliminate redundancies.
  15. 15. Tackle your data gremlins by: Source: Bersin by Deloitte, Five Star Data Quality: Building the Foundation for Effective Analytics 1. Eliminating data duplicates Use data matching tools to automatically identify and eliminate redundancies. 2. Identifying invalid or missing data Develop auto-correcting algorithms to help you fill in missing data.
  16. 16. Tackle your data gremlins by: Source: Bersin by Deloitte, Five Star Data Quality: Building the Foundation for Effective Analytics 1. Eliminating data duplicates Use data matching tools to automatically identify and eliminate redundancies. 2. Identifying invalid or missing data Develop auto-correcting algorithms to help you fill in missing data. 3. Ensuring metric consistency Use formulas or automated calculators to ensure consistent calculations of headcount, turnover, retention and other HR metrics.
  17. 17. Power Boost Download: Data Cleaning Tips Click here to download this resource. 4 Quick Tipsfor Unearthing Better HR Data
  18. 18. level 1 Data Challenge Are you ready to move onto the next level?
  19. 19. Are you ready to move onto the next level? To advance, you must first demonstrate your data knowledge. level 1 Data Challenge
  20. 20. Data accuracy issues are often caused by:
 a. Data duplicates B. Invalid information C. Inconsistent metric calculations D. All of the above
  21. 21. And the answer is… D. All of the above. Did you stumble on this question? No worries. Just review the slides one more time before moving on. By eliminating data duplicates, identifying missing data and ensuring metric consistencies, you can avoid many data accuracy issues.
  22. 22. Congratulations! You’ve successfully passed Level 1 of the HR data challenge. You’re now ready to move onto Level 2: Integrating Data. Click here to continue your journey.
  23. 23. www.ceridian.com ©2015 Ceridian HCM, Inc. All rights reserved. 114542-100

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