The document discusses the state of analytics in HR, emphasizing the need for improved decision-making through data utilization. It highlights various approaches to analytics, the risks involved, and the importance of stakeholder engagement. The document concludes by stressing the significance of risk analysis and simplification in analytics processes.

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Ecosystems and Analytics

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• Definitions
• The Umbrella
• State of the Industry
• The Unknown
• The Risks
• Moving Ahead

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Like A Pocket Full of Five Earbuds

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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
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Analytics Is Precursor To Metrics
Data Knowledge Insight Wisdom
Data Hypothesis Analytics Metrics
Data Questions Understanding Narrative
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Analytics is the discovery and communication of meaningful patterns in data.
Metrics Are Standard Measures

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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
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Analytics Umbrella
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You’re Already Doing It

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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)
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Practitioner Gap

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Fermi’s Deconstruction
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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

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Inside and Out
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• HR is Becoming Outward Facing
• Data Sources
– Internal
– Ecosystem
– External
• Examples
– Ecosystem Talent Management
– Ecosystem as Talent Buffer
– Pay and Benefits Equalization

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Ecosystems
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Coral Is An Animal
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Coral Is A System
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The Unknown
Σ xactions ≤ the whole
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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
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Politics
• Problem: Analytics Make People Wrong
• Get Stakeholders Involved Early
• Always Frame As an Hypothesis
– Begin w/ Open Minds
• Consider Hiring a Consultant
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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?
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