Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

People Analytics Tech Landscape: The Market & Vendors

RedThread Research's study on people analytics technologies. Presented January 2020.

  • Login to see the comments

  • Be the first to like this

People Analytics Tech Landscape: The Market & Vendors

  1. 1. © 2020 RedThread Research. All Rights Reserved. People Analytics Tech Landscape: The Market & Vendors Stacia Sherman Garr, Co-founder & Principal Analyst Priyanka Mehrotra, Research Lead RedThread Research www.redthreadresearch.com @StaciaGarr, @RedThreadRe
  2. 2. Thank you! © 2020 RedThread Research. All Rights Reserved https://redthreadresearch.com/ 2019/12/30/pat-the-vendors/ https://redthreadresearch.com/ 2019/12/18/pat-the-market/
  3. 3. Your feedback: PAFOW, SF 2019, Online Poll Practitioner & vendor interviews Vendor survey Initial Results: PAFOW, London Vendor briefings Additional customer interviews Practitioner survey Preview of Final Results: PAFOW, Philly Final publication of report, infographic, and interactive tool Final Results: PAFOW SF 2020 Our research journey Jan/Feb 2019 April 2019 Sept 2019 37 vendors completed the survey; ~30 completed 75-90 minute briefings/demos Jan 2020 © 2020 RedThread Research. All Rights Reserved
  4. 4. © 2020 RedThread Research. All Rights Reserved. ^ (Wo) © 2020 RedThread Research. All Rights Reserved
  5. 5. © 2020 RedThread Research. All Rights Reserved Success is an ever-moving target Then Now
  6. 6. © 2020 RedThread Research. All Rights Reserved It doesn’t get easier High-maturity Low-maturity Source: Bersin by Deloitte
  7. 7. © 2020 RedThread Research. All Rights Reserved.© 2020 RedThread Research. All Rights Reserved
  8. 8. © 2020 RedThread Research. All Rights Reserved How do I win? © 2020 RedThread Research. All Rights Reserved
  9. 9. © 2020 RedThread Research. All Rights Reserved.© 2020 RedThread Research. All Rights Reserved
  10. 10. © 2020 RedThread Research. All Rights Reserved. You need to… • Understand your landscape • Level up • Avoid pitfalls © 2020 RedThread Research. All Rights Reserved
  11. 11. © 2020 RedThread Research. All Rights Reserved. Understand your landscape © 2020 RedThread Research. All Rights Reserved
  12. 12. © 2020 RedThread Research. All Rights Reserved Vendor categories 1 Employee Engagement/Experience 2Employee Coaching 3 D&I/Pay Equity Analysis 4 Labor Market Analysis5 HCM Analysis 6 7 Learning Analysis Workforce Planning Analysis Multi-source Analysis Text Analysis Organizational Network Analysis 8 9 10
  13. 13. © 2020 RedThread Research. All Rights Reserved Vendor solution matrix Frequent analysis Continuous analysis Data Aggregator Data Creator
  14. 14. ContinuousAnalysis Workforce Planning Learning Analysis Labor Market Analysis Text Analysis D&I/Pay Equity Analysis Organizational Network Analysis Organizational Network Analysis Multi-Source Analysis Platforms Employee Engagement/ Experience HCM/Integrated Talent Management Analysis Employee Coaching Organizational Network Analysis Learning Analysis Employee Engagement/ Experience Accumulated Analytics Guiding Analytics Snapshot Analytics Targeted Analytics FrequentAnalysis Data Aggregator Data Creator
  15. 15. Data Aggregator Data Creator FrequentAnalysis ContinuousAnalysis R Accumulated Analytics Guiding Analytics Snapshot Analytics Targeted Analytics R TalentNeuron Workforce planning
  16. 16. https://redthreadresearch.com/2020/01/30/pat-tool/
  17. 17. © 2020 RedThread Research. All Rights Reserved. Level up © 2020 RedThread Research. All Rights Reserved
  18. 18. © 2020 RedThread Research. All Rights Reserved “Differentiators” that are not • Ease of use • Customizable • Scalable and flexible • Short time to implement
  19. 19. Short implementation time – “a differentiator”? Less than one month 44%1-3 months 50% 3-6 months 6% Average time to implementation, vendor reported n = 37 Source: RedThread Research, 2019. © 2020 RedThread Research. All Rights Reserved
  20. 20. “Differentiators” that are • Address barriers • Enable new insight • Make it human © 2020 RedThread Research. All Rights Reserved
  21. 21. Addressing barriers Integrating different/disparate data sources simply Providing leadership on privacy and ethics © 2020 RedThread Research. All Rights Reserved
  22. 22. Enabling new insight Passive data collection Sophisticated language analysis Insights to employees & managers © 2020 RedThread Research. All Rights Reserved
  23. 23. Making it human Community/collective intelligence Storytelling © 2020 RedThread Research. All Rights Reserved
  24. 24. © 2020 RedThread Research. All Rights Reserved. Avoid pitfalls © 2020 RedThread Research. All Rights Reserved
  25. 25. 81% of HR people analytics leaders say their people analytics projects are jeopardized by ethical or privacy concerns Source: Insight222 People Data Ethics & Privacy Research, November 2017; Edelman Trust Barometer 2020 The risks Copyright RedThread Research, 2019. Ethics 3x more likely to drive trust for a company
  26. 26. © 2020 RedThread Research. All Rights Reserved Where do vendors stand? 55%say their role is limited 50%or fewer allow employees to access insights on themselves Source: People Analytics Technology Landscape: The Market, 2019
  27. 27. © 2020 RedThread Research. All Rights Reserved Recommendations (for buyers and vendors) • Build a standard charter of ethics • Create “opt-in” policies • Educate the community • Identify what is acceptable vs what is not
  28. 28. © 2020 RedThread Research. All Rights Reserved
  29. 29. © 2020 RedThread Research. All Rights Reserved Looking forward • Technology for development • Employee ownership of data • More passive data • Data ethics and privacy
  30. 30. © 2020 RedThread Research. All Rights Reserved. Take the survey – peopleanalyticstech.com
  31. 31. © 2020 RedThread Research. All Rights Reserved Thank you and get in touch! Stacia Garr Co-founder & Principal Analyst RedThread Research stacia@redthreadresearch.com https://www.linkedin.com/in/staciashermangarr/ Priyanka Mehrotra Research Lead RedThread Research Priyanka@redthreadresearch.com https://www.linkedin.com/in/priyankamh https://redthreadresearch.com/ 2019/12/30/pat-the-vendors/ https://redthreadresearch.com/2 019/12/18/pat-the-market/ https://redthreadresearch.com/2020/01/30/pat-tool/
  32. 32. © 2020 RedThread Research. All Rights Reserved Copyright RedThread Research, 2019.

×