Predictive Analytics - Get Skilled or Die Trying

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Slides from the Predictive Analytics session at the Australasian Talent Conference 2014. Topic Overview: Alex Hagan is an expert at using predictive analytics to empower decision-making at a strategic level and has advised numerous clients throughout his career. In this unconference discussion, delegates will discuss how and why talent analytics is changing the recruiting paradigm to deliver competitive advantage. In this session you’ll learn more about the best analytics structures and models that can help an organisation win in the modern age of recruiting and learn from the examples of industry peers.

Daten & Analysen Technologie

A FRAMEWORK FOR DEVELOPING
WORKFORCE STRATEGY
Predictive
Analytics
Get skilled 0r die trying
in the new wave 0f recruiting
@ALEXHAGAN

WHAT IS PREDICTIVE ANALYTICS?
Predictive analytics uses a variety of statistical techniques to analyse current and
historical facts and make predictions about the future.

SOME (PREDICTIVE?) ANALYTICS
SMOG & Gunning-Fog Indices (written communications)
Network size & Klout (social influence)
Browser used & Secure Coding (developer talent)
Psychometrics
Proximity of Home to Work
Email Address – Hotmail vs Gmail, “princessfluffybunny”, current employer’s domain
Historical Attrition Rates
Criminal Record
…all of these are just analytics. They may be predictive... But they may not

WHAT SORT OF ANALYTICS ARE YOU USING?
WHAT ARE CURRENT ASSESSMENTS?
HOW PREDICTIVE ARE CURRENT METHODS?

DATA CONFIRMS OR REFUTES BEST PRACTICE AND IS
A CRITICAL ELEMENT OF THE SCIENTIFIC METHOD
•Do Background Research
•Construct a Hypothesis
•Test Your Hypothesis by Doing an
Experiment
•Analyze Your Data and Draw a
Conclusion
•Communicate Your Results
•Determine if Action is appropriate
•Take Action
The Scientific Method:
•Do Background Research
•Construct a Hypothesis
•Take Action
A Common Method:

“When we fall in love with a proxy,
We spend our time improving the proxy
instead of focusing on the original, more
important goal instead”
- Seth Godin

@alexhagan
@hellokienco
www.kienco.com.au

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Predictive Analytics - Get Skilled or Die Trying

1. A FRAMEWORK FOR DEVELOPING WORKFORCE STRATEGY Predictive Analytics Get skilled 0r die trying in the new wave 0f recruiting @ALEXHAGAN

2. WHAT IS PREDICTIVE ANALYTICS? Predictive analytics uses a variety of statistical techniques to analyse current and historical facts and make predictions about the future.

3. WHAT ARE YOU TRYING TO PREDICT?

4. PREDICTIVE ANALYTICS FOR RECRUITMENT

5. SOME (PREDICTIVE?) ANALYTICS SMOG & Gunning-Fog Indices (written communications) Network size & Klout (social influence) Browser used & Secure Coding (developer talent) Psychometrics Proximity of Home to Work Email Address – Hotmail vs Gmail, “princessfluffybunny”, current employer’s domain Historical Attrition Rates Criminal Record …all of these are just analytics. They may be predictive... But they may not

6. WHAT SORT OF ANALYTICS ARE YOU USING? WHAT ARE CURRENT ASSESSMENTS? HOW PREDICTIVE ARE CURRENT METHODS?

7. DATA CONFIRMS OR REFUTES BEST PRACTICE AND IS A CRITICAL ELEMENT OF THE SCIENTIFIC METHOD •Do Background Research •Construct a Hypothesis •Test Your Hypothesis by Doing an Experiment •Analyze Your Data and Draw a Conclusion •Communicate Your Results •Determine if Action is appropriate •Take Action The Scientific Method: •Do Background Research •Construct a Hypothesis •Take Action A Common Method:

8. “When we fall in love with a proxy, We spend our time improving the proxy instead of focusing on the original, more important goal instead” - Seth Godin

9. WHERE TO START?

10. @alexhagan @hellokienco www.kienco.com.au

Predictive Analytics - Get Skilled or Die Trying

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