the power of analytics in defining the future of work

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© 2007 – 2014 Spire Technologies & Solutions Pvt Ltd

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Talent in today’s process-driven environment is measured in numbers, fixed inputs and fixed outputs. Even though customer requirements have become more fluid, hiring and managing of talent remains rooted to this model due to the inability to capture the ‘intangibles’. The future HR of value will hence be realised in providing for and measuring deliverables in this fluid environment. Learn how agile analytical models provide a path to maximising efficiency and ROI by deriving context-based information from your multi-structured and unstructured data. See how you also can realise the value of analytics for your own future workplace. Mushtaque Aalam, Head Resourcing- Human Resource, IDFC Ltd

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Page 1: The Power of Analytics in Defining the Future of Work

© 2007 – 2014 Spire Technologies & Solutions Pvt Ltd

Page 2: The Power of Analytics in Defining the Future of Work

© 2007 – 2014 Spire Technologies & Solutions Pvt. Ltd. This document includes Proprietary Information of Spire Technologies & Solutions Pvt. Ltd.

• We are moving into a phase where technology has levelled the playing field and the prerogative of being that 1 second faster than competition defines business success

• How quickly and easily a job can be done is what will make solutions more popular. This results in time, effort and cost savings.

• We are looking at more specialized staff who have in-depth understanding of the subject vis-à-vis more generic knowledge

Page 3: The Power of Analytics in Defining the Future of Work

© 2007 – 2014 Spire Technologies & Solutions Pvt. Ltd. This document includes Proprietary Information of Spire Technologies & Solutions Pvt. Ltd.

• Change is an important capability for organizations due to the sheer volume of innovation that we are and will continue to be surrounded by

• Unfreezing, changing and refreezing processes quickly will help organizations stay or move forward in competition

• Effect of change needs to be measured and immediate comparison and feedback will be a necessity

Page 4: The Power of Analytics in Defining the Future of Work

© 2007 – 2014 Spire Technologies & Solutions Pvt. Ltd. This document includes Proprietary Information of Spire Technologies & Solutions Pvt. Ltd.

A massive amount of Data is generated systems today – generated by people and for people

Utilizing this data to identify trends and derive intelligence

is key – to be that 1 second faster than your competition

Analytics will answer your requirements if it is say – Enabling you to understand if a candidate suits a certain

role – is he worth an interview for the JD in 7 seconds – something that takes 2 weeks of work today

Enabling you to know your organization’s current readiness

for a new project or a changed requirement in a matter of seconds – something that runs in the form of projects and programs lasting months!

Page 5: The Power of Analytics in Defining the Future of Work

© 2007 – 2014 Spire Technologies & Solutions Pvt. Ltd. This document includes Proprietary Information of Spire Technologies & Solutions Pvt. Ltd.

• While employees today are happy to work hard, the effort it takes to work - like additional documentation, lack of flexibility, efficiency of the process etc… are distracters for employees

• Teams of tomorrow will be formed based on existing problems and dissipation of the team after the fact is quick

• Synergies for these teams need to be established on the go and almost instantaneously. This will need quick mapping of competencies and skills

Page 6: The Power of Analytics in Defining the Future of Work

© 2007 – 2014 Spire Technologies & Solutions Pvt. Ltd. This document includes Proprietary Information of Spire Technologies & Solutions Pvt. Ltd.

• Patterns of activities to identify people that fit well with one another with the different characteristics will ensure successful and agile team formation and dissolution

• This will need quick identification of skills, depth of knowledge and its correlation with projects

• Quick work requirements will require quicker hiring and significantly lessened recruiter effort

Page 7: The Power of Analytics in Defining the Future of Work

© 2007 – 2014 Spire Technologies & Solutions Pvt. Ltd. This document includes Proprietary Information of Spire Technologies & Solutions Pvt. Ltd.

Particular needs and particular solutions – organizations will increasingly tend to amalgamate the best in class solutions

This will lead to more structured

organizations with specific pain points where not the skill but the depth and the richness of experience matters.

Capturing the right workforce to run an agile

organization will be the demand placed on HR – are we ready?

Page 8: The Power of Analytics in Defining the Future of Work

© 2007 – 2014 Spire Technologies & Solutions Pvt. Ltd. This document includes Proprietary Information of Spire Technologies & Solutions Pvt. Ltd.

• Analytics that support these irrepressible and immanent needs need to revolve around context –

• HR needs to be enabled to search and map talent based on specific needs

• The single-layer approach of keyword searches do not translate to tangible results

• Context based searches producing visibly compelling results are the need of the hour to enable HR to empower businesses.

Page 9: The Power of Analytics in Defining the Future of Work

© 2007 – 2014 Spire Technologies & Solutions Pvt. Ltd. This document includes Proprietary Information of Spire Technologies & Solutions Pvt. Ltd.

In short, it is imperative that the talent acquisition and management becomes

• Agile • Quick • Efficient • Able to understand and utilize various

types and sizes of available organizational data

• Become contextually perceptive and intelligent

• Able to map not just individuals to right roles but also be able to assess organizational capability at any given point in time

Page 10: The Power of Analytics in Defining the Future of Work

© 2007 – 2014 Spire Technologies & Solutions Pvt. Ltd. This document includes Proprietary Information of Spire Technologies & Solutions Pvt. Ltd.

DEVELOPED BY HR

DELIVERED BY TECHNOLOGY

Page 11: The Power of Analytics in Defining the Future of Work

Thank You