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