Director, People Analytics, Insights & Research
Andeavor, formerly Tesoro
10:35 AM Build, Buy or Borrow? Developing a People Analytics Team — Start Making a Data-Driven Workforce Strategy
How do you launch a People Analytics team? The adage “Build, Buy or Borrow” comes from the three main approaches to developing a Human Capital analytics function. Builders assemble their team from scratch, either developing the analytics capabilities of in-house HR staff or retraining company quants (finance professionals, statisticians, IT database staff, etc). Buyers, who have the funds to do so, can hire top talent away from competitors or recruit the small trickle of grad students with degrees in the field. Borrowers, use apps and outsourced staff to crunch the numbers and build reports and dashboards for them. Whatever your approach, a well-staffed People Analytics team will give you the power to make data-driven decisions on hiring, training and deployment that are business critical.
• Companies have begun assembling their own People Analytics teams through recruiting from an array of unlikely fields —economists, physicists, industrial psychologists
• Still other firms have taken a more aggressive approach, building their own in-house “universities” aimed at teaching data science to a wide array of managers, distributing the culture of analytics throughout the firm