Cover image for Human Capital Analytics : How to Harness the Potential of Your Organization's Greatest Asset.
Human Capital Analytics : How to Harness the Potential of Your Organization's Greatest Asset.
Title:
Human Capital Analytics : How to Harness the Potential of Your Organization's Greatest Asset.
Author:
Pease, Gene.
ISBN:
9781118506974
Personal Author:
Edition:
1st ed.
Physical Description:
1 online resource (252 pages)
Series:
Wiley and SAS Business Ser. ; v.67

Wiley and SAS Business Ser.
Contents:
Human Capital Analytics: How to Harness the Potential of Your Organization's Greatest Asset -- Copyright -- Contents -- Preface -- Acknowledgments -- Introduction Realizing the Dream: From Nuisance to Necessity -- Starting from the Back Row -- The Value Dream -- Barriers in the Human Resource Area -- Organizations are all about People, Not Things -- Managing Risk -- Historic Fundamentals -- Intangibles -- Predictability -- Need for Definition -- Breakthrough -- Practicality -- Analytics Model Foundation -- Awakening -- Notes -- Chapter 1: Human Capital Analytics -- Human Capital Analytics Continuum -- Summary -- Notes -- Chapter 2: Alignment -- The Stakeholder Workshop: Creating the Right Climate for Alignment -- Aligning Stakeholders -- Who Are Your Stakeholders? -- What Should You Accomplish in a Stakeholder Meeting? -- Deciding What to Measure with Your Stakeholders -- Leading Indicators -- Business Impact -- Assigning Financial Values to "Intangibles" -- Defining Your Participants -- Summary -- Notes -- Chapter 3: The Measurement Plan -- Defining the Intervention(s) -- Measurement Map -- Hypotheses or Business Questions -- Defining the Metrics -- Demographics -- Data Sources and Requirements -- Summary -- Note -- Chapter 4: It's All about the Data -- Types of Data -- Tying Your Data Sets Together -- Difficulties in Obtaining Data -- Ethics of Measurement and Evaluation -- Telling the Truth -- Summary -- Notes -- Chapter 5: What Dashboards Are Telling You: Descriptive Statistics and Correlations -- Descriptive Statistics -- Going Graphic with the Data -- Data over Time -- Descriptive Statistics on Steroids -- Correlation Does Not Imply Causation -- Summary -- Notes -- Chapter 6: Causation: What Really Drives Performance -- Can You Create Separate Test and Control Groups? -- Are There Observable Differences?.

Did You Consider Prior Performance? -- Did You Consider Time-Related Changes? -- Did You Look at the Descriptive Statistics? -- Have You Considered the Relationship between the Metrics? -- A Gentle Introduction to Statistics -- Basic Ideas behind Regression -- Model Fit and Statistical Significance -- Summary -- Notes -- Chapter 7: Beyond ROI to Optimization -- Optimization -- Segmentation -- Mixture -- Saturation -- Metric Interaction -- Time Line -- Summary -- Notes -- Chapter 8: Share the Story -- Presenting the Financials -- Telling the Story and Adding Up the Numbers -- Preparing for the Meetings -- Summary -- Notes -- Chapter 9: Conclusion -- Human Capital Analytics -- Alignment -- The Measurement Plan -- It's All about the Data -- What Dashboards Are Telling You: Descriptive Statistics and Correlations -- Causation: What Really Drives Performance -- Beyond ROI to Optimization -- The Ultimate Goal -- What Others Think about the Future of Analytics -- Final Thoughts -- Notes -- Appendix A: Different Levels to Describe Measurement -- Kirkpatrick Scale -- The Spitzer Learning Effectiveness Model -- The Bersin Model -- The Six Boxes Model -- The HCM:21 Model -- Scanning -- Planning -- Process Optimization -- Prediction -- Summary -- Notes -- Appendix B: Getting Your Feet Wet in Data: Preparing and Cleaning the Data Set -- Data Privacy and Encryption -- Getting Your Feet wet in the Data -- What Tools to Use -- The Data Log -- Verifying Completeness -- Confirming Your Data Quality -- Cleaning up the Data -- Dates -- Dealing with Outliers -- Combining Multiple Data Sources -- Looking for Problems, and Suggestions for Dealing with Common Ones -- The Sniff Test -- Naming Conventions for the Data -- Dealing with Missing Data -- Transforming one Variable into Another -- Difference Variables -- Percentage Scaled Variables -- Currency Value Variables.

Appendix C: Details of Basic Descriptive Statistics -- Viewing the Data -- Appendix D: Regression Modeling -- Statistical Significance -- Regressions with more than One Variable and General Linear Models -- Other Types of Models -- Appendix E: Generating Soft Data from Employees -- Notes -- Glossary -- Note -- About the Authors -- Index.
Abstract:
An insightful look at the implementation of advanced analytics on human capital Human capital analytics, also known as human resources analytics or talent analytics, is the application of sophisticated data mining and business analytics techniques to human resources data. Human Capital Analytics provides an in-depth look at the science of human capital analytics, giving practical examples from case studies of companies applying analytics to their people decisions and providing a framework for using predictive analytics to optimize human capital investments. Written by Gene Pease, Boyce Byerly, and Jac Fitz-enz, widely regarded as the father of human capital Offers practical examples from case studies of companies applying analytics to their people decisions An in-depth discussion of tools needed to do the work, particularly focusing on multivariate analysis The challenge of human resources analytics is to identify what data should be captured and how to use the data to model and predict capabilities so the organization gets an optimal return on investment on its human capital. The goal of human capital analytics is to provide an organization with insights for effectively managing employees so that business goals can be reached quickly and efficiently. Written by human capital analytics specialists Gene Pease, Boyce Byerly, and Jac Fitz-enz, Human Capital Analytics provides essential action steps for implementation of advanced analytics on human capital.
Local Note:
Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2017. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.
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