What's the Big Deal with Big Data in Recruiting & HR?
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The document discusses how big data and analytics can be used in talent acquisition and human resources. It describes how big data allows companies to establish patterns, predict outcomes, and decrease uncertainty. The document outlines the basic terminology in big data and discusses the three V's of big data - volume, velocity and variety. It provides a four step process for using big data: establish goals, collect data, analyze the data, and drive change. The webinar aims to help attendees understand how to get started with big data in their organization.
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What's the Big Deal with Big Data in Recruiting & HR?
- 2. #BLOGGING4JOBS APPROVED FOR 1.0 HRCI RECERTIFICATION CREDIT ! ! ! ! ! ! ! HRCI program number sent to you via email upon program completion. !
- 4. HOW THE WORLD’S TOP COMPANIES ATTRACT TALENT
- 5. #BLOGGING4JOBS OUR PANELISTS Jessica ! Miller-Merrell! @jmillermerrell! Caleb! Fullhart ! @cjfullhart! Alex! Hunsucker! @alexhunsucker!
- 6. #BLOGGING4JOBS WHAT IS BIG DATA? • Analyzing of human capital information and numbers with the goal of finding patterns to support and make better business decisions!
- 7. #BLOGGING4JOBS BIG DATA ALLOWS YOU TO • Establish patterns! • Predict the unpredictable! • Decrease uncertainty !
- 8. #BLOGGING4JOBS BASIC TERMINOLOGY • Predictive Analytics! • Forecasting ! • Pattern Analysis! • Workforce Analytics !
- 9. #BLOGGING4JOBS POLL QUESTION: WHAT TYPE OF BIG DATA IS MOST IMPORTANT TO ME? • Candidates in your ATS ! • External candidate sources! • Tweets & social media from job seekers! • Sales Results & Projections! • Succession planning !
- 10. #BLOGGING4JOBS WHAT IS BIG DATA?
- 11. #BLOGGING4JOBS BIG DATA SOURCES CAN BE ! • Internal! – Employee scheduling & forecasting! – Promotions and improving work productivity ! – Existing ATS or talent communities ! – Internal social networks ! • External ! – Job seeker patterns! – Competitor activity ! – Social media!
- 12. #BLOGGING4JOBS THE THREE V’S OF BIG DATA
- 13. #BLOGGING4JOBS STEP 1: ESTABLISH GOALS & PRIORITIES
- 14. #BLOGGING4JOBS STEP 2: COLLECT THE DATA • Multiple data points with thousands of data ! • Collect public data ! • Data from competitors !
- 15. #BLOGGING4JOBS STEP 3: ANALYZE THE DATA
- 16. #BLOGGING4JOBS STEP 3: ANALYZE THE DATA • Consider bringing in an expert! • Locate patterns ! • Use charts, graphs, & heat maps !
- 17. #BLOGGING4JOBS STEP 4: DRIVE CHANGE FROM DATA • Let the data guide you! • Update process or standard procedure ! • Measure success/failure ! • Constantly re-evaluate !
- 18. #BLOGGING4JOBS POLL QUESTION: WHERE ARE YOU IN YOUR BIG DATA STRATEGY ? • Step 1: Goal Setting! • Step 2: Collecting Data! • Step 3: Analyzing Data! • Step 4: Driving Change! • None of the above !
- 19. #BLOGGING4JOBS WHERE TO BEGIN • Look for existing databases like candidate data! • Have faith in the data! • Establish top 3 priorities !
- 22. #BLOGGING4JOBS LEARN MORE ABOUT . . . • Caleb Fullhart www.b4j.co/calebfullhart! • Alex Hunsucker www.b4j.co/alexhunsucker! • Jessica Miller-Merrell www.b4j.co/jmillermerrell! Resources;Aberdeen’s Workforce Analytics in Retail: http://b4j.co/bigdataretail; Meet the New Boss: Big Data, Forbes: http://b4j.co/bossdata; The Analytics Advantage by Deloitte http://b4j.co/deloittebigdata; HR Examiner’s Big Data Series: http://b4j.co/bigdatadebate
- 23. #BLOGGING4JOBS APPROVED FOR 1.0 HRCI RECERTIFICATION CREDIT ! ! ! ! ! ! ! HRCI program number sent to you via email upon program completion. !