Kratu overview
-
Upload
sayantan-nandi -
Category
Data & Analytics
-
view
8 -
download
0
Transcript of Kratu overview
HR ANALYTICS KRATUKRATU CONSULTING
Kratu – the Organization Analytics Revolution
Smartest Start-up in the Organization Analytics RaceCreating Products for Global HR Strategic RevolutionEasy-to-use SaaS platform to strengthen decision-makersUsing Machine learning ,high-end statistics and creating
algorithms to solve central Organization issuesBest-in-class descriptive statistics; Big Data capabilitiesRoots in HR Analytics; seeking cross-functional impactPredictions and Prescriptions to directly impact bottom
line
Organization Analytics: The Future is Here
Kratu is making a beachhead at the cusp of a Revolution
The Need
Business-As-Usual is HistoryUncertainty a Chronic New Normal; Organization has to shape-shift oftenAFP Survey 2015: 86% respondents see higher earnings uncertainty
Organization Vs Uncertainty Leadership must lead battle against chronic uncertainty Workforce must understand and align with leadership Organization design must support leadership’s battle
plans INFORMATION alone not enough; INSIGHTS now a MUST Insights from subjective thinking: Slow, Biased and
Outdated Vital to crunch data thrown up by spreadsheets and HRMS Enter Organization Analytics: statistical expertise on
SaaS
Firms are Fighting Hard LinkedIn 2015 Annual Survey shows quality of hire (44%) far
exceeds time-to-fill (25%) and hiring manager satisfaction (18%) as key metric
TCS issued a blanket record bonus of over $400 million last fiscal to arrest alarming attrition
Top 100 Indian listed firms by employee cost paid between Rs 6 billion and Rs 28 billion on employee benefits last fiscal
Employee Engagement Surveys, Exit interviews and performance management interviews are becoming the norm in every company of every size
HR tech is evolving from “System of Record” to “System of Engagement”
Hence; Kratu and its Model
Decide What to Measure•Understand concern
•Question underlying data
Decide How to Measure•Select right tool (math or statistical algorithm)
•Test assumptions and solution
Enable Clients•Put App on Platform
•Provide simple access
Kratu’s SaaS: Next level of HR Tech
1990s Operational Excellence
2000-2014 Spreadshee
ts and HRMS: Data
Deluge
2015 and After
Analytics to crunch Data
HR Tech to be driven by Analytics
Technology transforming Customers’ Lives CompletelyOrganizations turning Digital to match Customer NeedsHR at the core of Digitization Revolution in OrganizationsEvery Digital Process throwing up Data that needs crunchingAnalytics completes HR Tech: Elevation from Data to Strategy
Global race to upgrade HR TechCompanies seeking far more from tech than they are currently gettingCloser correlations, faster responses, better predictions non-negotiableHR being asked to set the agenda instead of running repetitive process
40% are looking to change their HR
structure in 2015-16
88% will spend the same or more on HR
Technology
40% will replace their existing on-premise HR System with a
SaaS solution
30% will replace their core HRMS solutions in 2015 – an all-time
high
Data Source: Towers-Watson HR Technology and Service Delivery Report 2015 based on survey amongst 798 respondents in 37 countries
Kratu’s Analytics Platform
Unique slew of products at vastly cheaper cost
Products and Solutions
Kratu’s Engagement with Data When Data is Limited
Start Simple with Descriptive Statistics and Dashboards
Graduate to greater complexity over time
When HRMS already exists Kratu apps can run on csv
extracts from HRMS Kratu Partnerships with
large HRMS players soon
When Data is Chaotic Kratu Data team to clean,
organize, define data Data Utility in design phase Kratu Apps can operate on
simple csv formats
When Data is Massive Machine learning
capabilities come into play
New insights not available otherwise can emerge
Products that meet core HR needs
Recruit Right - How well have you recruited? Who are you about to get? Who might really work out? Who probably won’t?
Optimize Workforce-How many people does your project need? Which ones? At what cost? How should you structure your Organization?
Control Attrition-Why do people leave your Organization? What are the top three reasons they could leave in future? Who, precisely, might leave?
Products
Attriscope Predictive tool which dredges
data using machine learning Identifies key attrition drivers –
helping you to plan ahead Minimizes business risk by
anticipating flight factor down to the Individual level
Products
Searchlight Crunches past and current data
to establish patterns and trends on recruitment
Drills down from zillions of resumes to pick the right choices
Collapses hiring process thereby saving time and eliminating the risk of a wrong hire.
Products
Teamtrim Workforce analytics tool Predicts right people allocation for
projects, entities and operations Predicts also the right cost and the
right type of people requirement Enables prediction of the right
numbers with matching capability ensuring top dollar saving
Analyzes workforce and your projects to curate the right mix.
From Data to DecisionsOperating Environment
Opportunities and Problems
Choices & Risks
Scenarios Analysis
Operations
Targets: Efficiency Productivity Output Quality
Performance
Enterprise Data
SearchlightTeamtrimAttriscope
Kratu’s Offering – Vital Cog in Next Gen Organization’s Operating Cycle
Historical data, public data
Big Data/Machine Learning Algorithms
Meeting Core Strategic Concerns
Issues What Kratu Products Address
Recruitment Quality
Finding the fit with the Recruitment Quality Index
Wage Impact Impact on net profit or loss, simulation of scenarios including currency fluctuations
Attrition Analysis Modeling who might leave, how long resources might stay
Span-of-Control Analysis
Span of Control design: effect on productivity, efficiency, attrition and overall success
Performance Management
Going beyond performance management in a vacuum, linking competencies
ROI from Training Returns from training: true cost of training; did the training work?
Measuring bottom line Impact of Subjective HR DecisionsMeasuring Cross-Functional Impact of HRM on BusinessesManaging Risk: Predicting Emergencies and their Solutions
Capabilities and Strengths
Kratu’s team has the necessary ingredients for success
+ Strong Capable Founding Team
Four-member close-knit founder group translating many years of shared vision into Kratu
Technology driven by Silicon Valley based ex-Google and Microsoft tech leader with 15 patents in Machine Learning and Neural networks.
Domain knowledge instilled by 25 -years plus background in HR business – prime promoters run Pages, top Mumbai-based recruitment and HR outsourcing firm
Each member of management team has experience of over two decades in companies such as Google, Microsoft, IBM, HCL, Reliance, Xerox, ABN AMRO Bank NV, UBS AG and others
All content, including ideas and calculations, in this document is strictly private and confidential, and is the intellectual property, unless publicly-known information, of Kratu Consulting Pvt. Ltd.
ContactSayantan Nandi+91 9322099919