3 Best Practices for Optimizing Talent with Advanced Analytics
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The webinar focused on optimizing talent using advanced analytics, featuring speakers from various organizations discussing their experiences and challenges. Key topics included establishing baseline metrics for hiring, measuring the effectiveness of HR programs, and adapting analytics to changes in the workforce. The discussion emphasized the importance of actionable insights and continuous improvement in HR practices.
3 Best Practices for Optimizing Talent with Advanced Analytics
- 1. 3 Best Practices for Optimizing Talent with Advanced Analytics Welcome to the webinar! Starting at 10am (PST), July 21, 2020
- 2. Meet Our Speakers Speaker Tomás Vieira Strategic Planning and Analytics Project Manager at Farfetch Moderator Mike Fitzsimmons CEO at Crosschq Speaker Phylicia Jones Director of Global Talent Development at PagerDuty #TalentOptimization Speaker Dr. Janet Lockhart-Jones Leadership Coach at Torch Speaker Brittany Call Director of People Operations at Lucid Software
- 3. Agenda #TalentOptimization 1. An intro to analytics: each panelist will share their analytics stage and story 2. Creating the baseline for advanced analytics: pre and post hire 3. Planning for future growth: measuring the effectiveness of every HR Programs
- 4. 1) An intro to analytics #TalentOptimization
- 5. #1 Expert Discussion Tell us about your analytics journey: Where are you at today and what challenges are you working through?
- 6. Poll #1
- 7. #TalentOptimization 2) Creating the baseline for advanced analytics
- 8. Setting Up Baseline Metrics #TalentOptimization How to calculate attrition: How to calculate your new hire failure rate: % of new hires who were asked to leave during the first 6 to 12 months after they start. How to calculate revenue per employee:How to calculate Candidate & Learning NPS: How to calculate time to process: The number of days from when a candidate first enters the pipeline of a job to when they are hired.
- 9. % of employees who have gone through bias reduction training % of inbound candidates from underrepresented minorities # of underrepresented candidates in X stage # of job descriptions reviewed for inclusive language # of underrepresented candidates sourced % of underrepresented candidates hired # of underrepresented candidates referred # of underrepresented groups in leadership positions # of blog posts (and pageviews) about your company’s culture # of employee resource groups supporting diversity (ERGs) Implement a DEI Success Tracker #TalentOptimization
- 10. #2 Expert Discussion What metrics are your teams focused on today when it comes to hiring and post-hire analytics? Has that changed in the last 5 months?
- 11. 3) Planning for future growth with advanced analytics #TalentOptimization
- 12. 70% of employed Americans are working at home during the crisis, which is a 300% increase from 2018. Megan Brenan, “U.S. Workers Discovering Affinity for Remote Work,” Gallup, April 3, 2020, gallup.com Leveraging Advanced Analytics in a Changing World #TalentOptimization
- 13. #3 Expert Discussion How has our changing world impacted your team’s focus on metrics?
- 14. Rapid Fire What is the most interesting, radical insight that you’ve seen from your data?
- 15. #TalentOptimization Phylicia: Don’t be complacent: Find shifts the data is telling you and holes to improve upon” Brittany: Find benchmarks against peers and look for any blind spots” Tomás: See what actions the data is telling you and how you can tie those to business results” Dr. Lockhart-Jones: Go beyond what the data is telling you and take your analytics from traditional to advanced”“ “ ““ Advanced Analytics Tips
- 16. #TalentOptimization If you can’t measure it, you can’t improve it. - Peter Drucker
- 17. Partner takeaways Recruiting Software Build for a Changing World Onboarding & Core HR optimized for remote teams Platform built to help you take take action on performance & engagement All-in-one HR Software made for small to medium businesses Recruiting Software Powered by Human Intelligence Hiring Helping L&D Leaders Deliver and Support Employee Growth
- 18. #TalentOptimization SHRM PDC Code: Activity ID: 21-9G4JT
- 19. Live Questions
- 20. Thank you!