I am convinced that in the 21st century talent management will be the key differentiator of successful organizations. Within a couple of decades, no matter what measure you use, those with the most advanced approach to the recruiting, development and…
Data, Metrics, & Analytics Archives
Don’t Be Afraid of Poor Analytics
If you’ve taken any analytics or statistics courses, you’ll have been bombarded with cautions about how analytics can go wrong. For example: Random outcomes appear meaningful to the untrained eye. Small sample sizes give misleading results. Without good control groups,…
Here’s What You Need In a People Analytics Leader
You need the right People Analytics Leader in order to build an effective and strategic people analytics function. This person is the key evangelist and visionary for data-driven decision making, and ensures the use of people analytics always delivers values…
What Do You Say If Your Contractor Wants to Be Paid In Bitcoin?
Note: The use of cryptocurrencies — a digital or virtual currency — is far from common, though interest is growing particularly among digital sophisticates concerned about financial transaction security and privacy. As companies increase their hiring of remote independent contractors,…
Get Ready For Analytics By Cleaning House Now
It’s coming, whether we like it or not. Look at the topics and exhibitors at any HR conference. It’s coming. Artificial intelligence has the potential to relieve overburdened HR teams from decisions that can be made more easily and more…
The ‘Walk Down the Hall’ Method of Handling Analytics Demands
The first challenge of an analytics department is that they are off on their own and no one else in the company knows what they do. The second challenge is that they get discovered and everyone starts thinking of studies…
The Total Cost of Your Workforce Is Not What You Think It Is
Do you have a detailed and accurate understanding of your total cost of workforce (TCOW)? If your organization is anything like most large businesses, the answer is no. Organizations are usually pushed to review their TCOW only when facing upheavals,…
‘Complementary HR’: HR Learns from the NFL About Complementary Outcomes
If you haven’t heard the term “complementary football,” it’s a performance improvement approach that corporations and HR shouldn’t ignore. This approach increases your chances of winning by ensuring that the outcomes of one sub-team complement and support the work of…
Get Started In HR Analytics In 5 Easy Steps
As adoption of analytics is increasing and interest is soaring, more and more companies are looking for ways to get started with HR analytics. In this article, I will give you a practical guide on how to get started with…
A Brief Guide to Data-Driven Scenario Planning
Preparing to increase headcount at a large organization is like comparing the cost of bread at different supermarkets: At your regular neighborhood store, a loaf might cost $2.28, but at a high-end store, a loaf might cost $3.98. In a…
Why Analytics Should Come Before Anything Else
Peter Navin, the SVP employee experience at Grand Rounds Inc., has an interesting stance on analytics. Typically, HR has all its core functions in place before it tentatively tacks on an analytics team. Peter, took an unusual approach, he always…
If You Haven’t Invested in Analytics, Start Now. Here’s How
People analytics is currently having a moment in the HR space. Fueled by the growth of data science, more and more companies and organizations are trying to drive greater insight into their people and talent, and more and more vendors…
HR Get Ready: Artificial Intelligence Is Changing the Way We Work
As the world of work is rapidly changing amongst digital disruption, HR must keep pace. By 2020, the World Economic Forum (WEF) predicts that the Fourth Industrial Revolution will be here, with robotics, artificial intelligence and automation making some roles…
The Dark Secret of Analytics that Shouldn’t Be a Secret
CEOs get excited about HR analytics because they hope it will reveal something magical. They’ve all seen Moneyball and figure that if HR gets a data scientist some shocking insights will emerge. The fact that shocking insights emerge only rarely…
In Analytics, the Questions Come First
Note: Don’t miss the resources listed at the end of this article. ∼∼∼∼ Last June, I had the pleasure of delivering two mega sessions on people analytics at the annual SHRM 2018 conference in Chicago. Being invited to speak at…
HR 101: 5 Ways Small Employers Can Streamline Their Hiring
There’s no time like the present to reevaluate your recruiting processes and strategies to improve efficiencies and save you time. With the summer recruiting doldrums soon coming to end, now is an especially good time to review what is working…
Analytics Can Play a Key Role In Career Planning Conversations
Careers used to progress linearly. You’d start at the bottom and climb up the rungs of a clearly defined ladder until you retired, but the world of work has changed so much. Many organizations don’t have defined career tracks anymore,…
Data Has a Powerful Role In Promoting C-Level Collaboration
“What can you do to increase collaboration between HR and other leaders?” That question was asked of Peter Navin, SVP of employee experience at Grand Rounds. His answer, which took me aback, was “analytics.” I always position analytics as a…
How to Choose and Visualize the Right KPIs
From hiring to payroll, human resources departments have a lot to manage, and the volume of data they track and report is always growing. That’s why HR teams need the right process to understand and reach their goals. Without key…
What’s Your Real Pay? Hint: You’re Actually Losing Ground
The Q2 2018 PayScale Index showed wages declined 0.9% in comparison to Q1 2018. The PayScale Real Wage Index, which measure wage growth in relation to inflation, dropped 1.8% over the last quarter – the biggest decline in seven years….