human capital modelling and productivity analytics masterclass
TRANSCRIPT
...Leveraging the power of insights
Human Capital Modelling & Productivity Analytics Masterclass2016
Unlocking the HR Dollar($) Language
29th to 31st August 2016
...Leveraging the power of insights
The new HRBP Skill Set2016
Unlocking the HR Dollar($) Language
HR Knowledge
Business Knowledge
Consulting Skills
Story Telling
Statistical Modelling
Psychology
Technology &
Databases
Data Visualization
The business UnusualMulti disciplinary environment
...Leveraging the power of insights
HC Analytics Adoption2016
Unlocking the HR Dollar($) Language
100%An
alyti
cs a
dopti
on le
vels
50%
Only 4% of HR teams are using any form of predictive
analytics today0%
Source: Josh Bersin
Going beyond awareness to strategic adoption and value generation
...Leveraging the power of insights
Impact on Profit2016
Unlocking the HR Dollar($) Language
100%En
terp
rise
Profi
t gro
wth
50%
Adoption of workforce analytics Improved profit by
65%
0%
Source: Havard Business Review 2013
A reason to be visible in the boardroom
...Leveraging the power of insights
HR Still Lags Behind on analytics2016
Unlocking the HR Dollar($) Language
Finance
Operations
Sales
Marketing
HCM
0% 10% 20% 30% 40% 50% 60% 70% 80% 90%
81%
77%
58%
56%
15%
...Leveraging the power of insights
HC Business Intelligence Evolution2016
Unlocking the HR Dollar($) Language
DataInformation
Intelligence
ActionableInsights
StoryStandards
& Adequacy
RelevanceReliability
Business Context &Strategy
Memorable Business
Testimony
Data Integrity
...Leveraging the power of insights
HC Reporting Evolution2016
Unlocking the HR Dollar($) Language
Predictive Models, Scenario planning, Risk Analysis & Mitigation
Value Reporting
Statistical modelling and root cause analysis to solve business problems.
Advanced Analytics
Proactive operational reporting for benchmarking and decision making.
Advanced Reporting
Reactive, operational reporting of efficiency and compliance measures
Operational Reporting
Scenario ModellingStrategy Integration
Level Scope of reporting Focus
Proactive diagnosticsActionable solutions
Benchmarking on standards
Integrated Dashboards
ComplianceAccuracy
Timeliness56%
4%
10%
30%
...Leveraging the power of insights
Human Capital Intelligence Evolution2016
Unlocking the HR Dollar($) Language
...Leveraging the power of insights
Value of Talent Analytics2016
Unlocking the HR Dollar($) Language
HR organizations using predictive analytics are ….
2XMore likely to
improve quality of hire
2XMore likely to
improve leadership pipelines
3XMore likely to
realize savings, generate value and
realize efficiency
...Leveraging the power of insights
The Journey towards Data Value proposition2016
Unlocking the HR Dollar($) Language
Plan
Prioritize what is important - Not all data in HRIS is importantAssess relevant of each data data
Source
Standardize your data attributesClean up inconsistent dataPrevent any new data scrapIntegrate from enterprise data Audit
Govern
TrainEnforce ownershipCommunicate value and impact
Invest Align to strategy
...Leveraging the power of insights
The sweet and nasty side of data science2016
Unlocking the HR Dollar($) Language
Visual Dashboards Predictive and scenario Modelling
Data Mapping
Data Analysis Data Quality Management
Data Visualization Designs
Stand Alone Data SystemsReporting Trays
The nasty side
The Erogenous Side