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Guidance and results for the data-rich, yet information-poor.

Can Data Analytics Help People Increase Their Career Success?

happyemployeeThere has been a lot of focus on how HR is using data analytics to predict factors like employee turnover and efficiency. Don Peck’s article in The Atlantic, They’re Watching You Work,” certainly spends some time on that aspect of the potential of predictive analytics.

However, Peck also spends some time talking about how employees can benefit from these technologies as well. Several start-ups, such as Knack Games, are focused on helping employees evaluate their strengths through fun, predictive games. Those games will also offer advice to employees on how they can make themselves even more desirable.

Employers can certainly benefit from these games as well, of course. They’re capable of matching the specific strengths of specific employees to specific companies. Consider the experience of Hans Haringa of Dutch Royal Shell:

When the results came back, Haringa recalled, his heart began to beat a little faster. Without ever seeing the ideas, without meeting or interviewing the people who’d proposed them, without knowing their title or background or academic pedigree, Knack’s algorithm had identified the people whose ideas had panned out. The top 10 percent of the idea generators as predicted by Knack were in fact those who’d gone furthest in the process. Knack identified six broad factors as especially characteristic of those whose ideas would succeed at Shell: “mind wandering” (or the tendency to follow interesting, unexpected offshoots of the main task at hand, to see where they lead), social intelligence, “goal-orientation fluency,” implicit learning, task-switching ability, and conscientiousness. Haringa told me that this profile dovetails with his impression of a successful innovator. “You need to be disciplined,” he said, but “at all times you must have your mind open to see the other possibilities and opportunities.”

Is there a future where both employers and employees are more successful because they are matched to one another in a precise manner that benefits both parties? Is there a future where employees invest time and money only on those factors which actually will make them more desirable to employers, rather than pouring thousands of dollars into a degree that may or may not serve them?

And what characteristics might signal success at your company? You may be surprised, as others have been, to learn that many of the qualities and characteristics you’ve been looking for in new hires may actually have no correlation whatsoever to the factors that generate successful, long-term hires.

Does this sound like a business problem you’d like to solve?

If so, then you’ve already taken one of the first and most important steps in the predictive analytics process: clearly identifying your objective.

Now it’s time to make sure that you don’t fall prey to some of the most common mistakes that businesses make when they embark on data analytics projects. Launch your project the right way by registering for TMA’s free webinar, “Data Mining: Failure to Launch.” Learn the steps that you will need to turn your data into an asset for your company.

Data Mining Webinar

Learn How to Get Predictive Modeling
Off the Ground and Into Orbit
1 Hour Live Interactive Event

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Determine whether TMA training is right for you, and learn why TMA is truly the best option for live classroom analytics training.