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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
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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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- 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
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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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