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#Firmday 22 oct London Broadbean Technology - Applying data to build an effective talent acquisition strategy

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#Firmday 22 oct London Broadbean Technology - Applying data to build an effective talent acquisition strategy

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#Firmday 22 oct London Broadbean Technology - Applying data to build an effective talent acquisition strategy

  1. 1. APPLYING DATATO BUILD AN EFFECTIVE TALENTACQUISITION STRATEGY Richard Essex and Joshua Willows, Broadbean Technology
  2. 2. Spreadsheets
  3. 3. BIG DATA USAGE PATCHY AT BEST Of HR departments regularly use Big Data in recruitment strategies Never use data Of hiring managers and recruiters rate their proficiency with workforce analytics and poor/fair 14% 50% 52% Source: CareerBuilder Hiring Survey, Q2 2015
  4. 4. Accurate or Trustworthy Data MAJOR DATA CHALLENGES Difficulties compiling and managing data Time spent on ad-hoc requests Data visualisation Turning data into action
  5. 5. 65% Of employers claim that data lowered cost per hire 56% Of employers claim that data led to increased productivity 66% Of employers claim that data lowered time to hire Source: CareerBuilder Hiring Survey, Q2 2015
  6. 6. What we’ve learned • You need to figure out the questions that you want to answer and work backwards from there • You need to define your business rules • To fully answer the important questions in your business you often need data from more than one system • You need to find and identify where the holes are in your data so that you can improve the validity and usability of your reporting.
  7. 7. Visualize all of your data 13 | Career Site Metrics ATS Metrics Hiring Manager Survey RPO Referrals Job Distribution Metrics Data Cleanse .
  8. 8. How is my team doing in regards to open and filled jobs this month? EXAMPLESOF KEY COMPANY QUESTIONS I have a new job to fill, where did my last great hire come from? My job board contract is up for renewal. How are they performing for us in regards to job functions? Do I have any recruitment teams or individuals that are currently struggling or performing extremely well? How is my diversity initiative performing?
  9. 9. How is my team doing in regards to open and filled jobs this month?
  10. 10. I have a new job to fill, where did my last great hire come from?
  11. 11. Do I have any recruitment teams or individuals that are currently struggling or performing extremely well?
  12. 12. Takeaway Points - There a things you can be doing today to improve your use of data immediately. 1. Data is everyhwhere but we need to make sense of it 2. To make sense of any data we need defined rules 3. When we apply data in the right way, we have an edge of the competition 4. Know where your data comes from and make it easy to understand 5. Data used correctly can give you a new perspective 6. Expect to find holes in your data 7. Not everyone in you will like it If you define your business rules, figure out the questions you want to answer and begin looking at the holes in your data you will be miles ahead of the game.
  13. 13. THANK YOU! Richard Essex, Sales Director richard@broadbean.com +44 (0)20 7536 1661 Tweet @BroadbeanEMEA Joshua Willows, Sales Executive joshw@broadbean.com +44 (0)20 7536 1661 Tweet @JoshBroadbean

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