Minneanalytics Version of Ecosystems and People Analytics

©2016 HRExaminer PO Box 1200 Occidental, CA 95465 415.683.0775 [email protected]

Ecosystems and Analytics

©2016 HRExaminer PO Box 1200 Occidental, CA 95465 415.683.0775 [email protected] 2

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


Like A Pocket Full of Five Earbuds


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


Analytics Is Precursor To Metrics

Data Knowledge Insight Wisdom

Data Hypothesis Analytics Metrics

Data Questions Understanding Narrative

Analytics is the discovery and communication of meaningful patterns in data.

Metrics Are Standard Measures


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


Analytics Umbrella

You’re Already Doing It


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)


Practitioner Gap


Fermi’s Deconstruction

Time to Hire: 40 Days from VacancyAverage Wage: $85/hrHiring Opportunity Cost: 40x8x85 = $27KCost to Hire: $6KMissed Production: $40KTotal CTH: $73K


Inside and Out

• HR is Becoming Outward Facing • Data Sources

– Internal– Ecosystem– External

• Examples– Ecosystem Talent Management– Ecosystem as Talent Buffer– Pay and Benefits Equalization


Ecosystems


Coral Is An Animal


Coral Is A System


The Unknown

Σ xactions ≤ the whole


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


Politics

• Problem: Analytics Make People Wrong• Get Stakeholders Involved Early• Always Frame As an Hypothesis– Begin w/ Open Minds

• Consider Hiring a Consultant


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?



Data & Analytics

Minneanalytics Version of Ecosystems and People Analytics