BEYOND BUSINESS INTELLIGENCE. Transform your non-employee workforce program with exploratory and advanced analytics

Transcription

1 BEYOND BUSINESS INTELLIGENCE Transform your non-employee workforce program with exploratory and advanced analytics

2 AGENDA» Exploratory analy8cs (Ma=) Benchmarks Sample CWM Program analysis Recommenda/ons for exploring your program data» Advanced analy8cs (Anne) Sta/s/cal inference Sugges/ons Predic/ve modeling Proprietary and Confiden/al to IQNavigator Inc. 2

3 EXPLORATORY ANALYTICS MaN Katz

4 TELCO AND TECH SERVICES CWM PROGRAM COMPARISONS Req. T.O. Other Industry 2014 Spend (US Only) Assignments Job Titles Suppliers % Sourcing Method % CW complete assignment Telco Regional $124 MM 1, Telco Na/onal $182 MM 2, Technology Product and Retail $361 MM 8, Technology Services only $1.2+ B 28,100 6,800 1,350 83% Proprietary and Confiden/al to IQNavigator Inc. 4

5 OIL GAS INDUSTRY CWM PROGRAM COMPARISONS Req. T.O. Other Industry 2014 Spend (US Only) Assignments Job Titles Suppliers Sourcing Method: % Requisi8on vs. Targeted Order % CW complete assignment Global, mul/- na/onal program; fully mature program $2+ B 12,625 1, Mul/- na/onal program, highly segmented job assignments, not fully matured program $120MM 71, Mul/- na/onal program, European HQ $240MM 10,234 1, Proprietary and Confiden/al to IQNavigator Inc. 5

6 FINANCIAL SERVICES CWM PROGRAM COMPARISONS Req. T.O. Other Industry 2014 Spend (US Only) Assignments Job Titles Suppliers Sourcing Method: % Requisi8on vs. Targeted Order % CW complete assignment North America FinSvcs $390MM 4, Global FinSvcs (mul/ple MSP s) $685MM 5, Large Investment Co (evolving program) $145MM 2, Global FS (Early stages of deployment) $80MM 1, Proprietary and Confiden/al to IQNavigator Inc. 6

7 <CLIENT NAME> CWM PROGRAM ANALYSIS Proprietary and Confiden/al to IQNavigator Inc. 7

8 <CLIENT NAME> CWM PROGRAM ANALYSIS, CONT D Discussion: Seasonality or Program Challenges? <City1> started strong? <City2> lab? Opportunity for EducaAng LocaAon Leadership? Proprietary and Confiden/al to IQNavigator Inc. 8

9 <CLIENT NAME> CWM PROGRAM ANALYSIS, CONT D 47 Suppliers for 1,638 assignments in 2014 Discussion: Supplier Aers? Supplier quality? Supplier compliance? Opportunity for supplier opamizaaon? Proprietary and Confiden/al to IQNavigator Inc. 9

10 <CLIENT NAME> CWM PROGRAM ANALYSIS, CONT D Discussion: Category management? SOW? Opportunity for EducaAng LOB / Division Leadership? Proprietary and Confiden/al to IQNavigator Inc. 10

11 <CLIENT NAME> CWM PROGRAM ANALYSIS, CONT D Shorter than Planned As Planned 60% of assignments complete planned (+/- 10 days) duraaon, 40% do not. Discussion: Hiring manager feedback on candidates? Hiring manager feedback on program? CW feedback on program? Proprietary and Confiden/al to IQNavigator Inc. 11

12 RECOMMENDATIONS» Get to know IQanaly8cs» Explore your IQN program data for Trends and business cycles Gaps in program par/cipa/on Opportuni/es for process improvement Targe/ng champions and collec/ng end user feedback» Ask IQN Strategic Solu8ons for help! Proprietary and Confiden/al to IQNavigator Inc. 12

13 ADVANCED ANALYTICS Anne Zelenka

14 WHAT IS DATA SCIENCE (A.K.A. ADVANCED ANALYTICS)? Business Understanding Programming Skills Sta/s/cs & Machine Learning Proprietary and Confiden/al to IQNavigator Inc. 14

15 ESTIMATING TIME TO FILL Proprietary and Confiden/al to IQNavigator Inc. 15

16 STATISTICAL INFERENCE: TIME TO FILL BY SENIORITY» We hypothesized a U- shaped rela/onship for /me- to- fill related to seniority level of job» Exploratory visualiza/ons showed evidence of this rela/onship» What about staasacal analysis? Proprietary and Confiden/al to IQNavigator Inc. 16

17 TIME TO FILL AND MARKET RATE» We saw faster /me- to- fill in the most expensive region Why?» Hypothesized that it had to do with rela/ve rates» Compared buyer rates with our market benchmarks Proprietary and Confiden/al to IQNavigator Inc. 17

18 PREDICTIVE MODELING: ESTIMATING TIME TO FILL» How do we know how we are doing?» Simply calcula/ng cell means suffers from sensi/vity to outliers» There are numerous other challenges here Proprietary and Confiden/al to IQNavigator Inc. 18

19 Human- computer teams are the best teams. - Tyler Cowen, Average is Over

20 YOUR COMPUTER SOMMELIER? Proprietary and Confiden/al to IQNavigator Inc. 20

21 EMBEDDED ANALYTICS TO GUIDE HIRING MANAGERS Proprietary and Confiden/al to IQNavigator Inc. 21

22 IQN LABS: OUR DATA- DRIVEN INNOVATION THINK TANK» Open innova8on Working with clients and partners to solve real business problems using data science» Proof of concept projects Produc/zed based on actual results» Beyond basic business intelligence Evolving towards predic/ve analy/cs, suggested ac/ons, and empirically op/mized processes» Por]olio of possibili8es Inves/ga/ng and inves/ng in the future of machine- supported hiring processes Proprietary and Confiden/al to IQNavigator Inc. 22

23 RECOMMENDATIONS» Start learning about advanced analy8cs now You don t have to be a staasacian or computer scienast to appreciate the possibiliaes» Sign up to receive IQN Labs research and other updates hnp://iqnavigator.com/real- insight/iqnlabs/» Collaborate with us to advance data- driven innova8on in the agile workforce space azelenka@iqnavigator.com with your ideas Proprietary and Confiden/al to IQNavigator Inc. 23

24 MaN Katz VP, Strategic Solu/ons Anne Zelenka VP, Data Science