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.
WHAT ARE YOU TRYING TO PREDICT?
PREDICTIVE ANALYTICS FOR RECRUITMENT
SOME (PREDICTIVE?) ANALYTICSSMOG & 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
WHERE TO START?
@alexhagan
@hellokienco
www.kienco.com.au
