“Big Data”: A Tool for Talent Management? by Robert Teal, CCP, CBP

Filed under: Big Data

“Big Data”: A Tool for Talent Management?Big Data

By Robert Teal, CCP, CBP

 

The most modest organization has large amounts of information, i.e., “Big Data”, on its operations, suppliers, customers, and especially on its employees.  Even knowing as little as length of service, hours worked, job function, performance data, and location can be telling as to which employees are likely to succeed or not.  The basis for Big Data decision making is founded in that class that most students ignored or only took the one mandatory course.  That course usually covered the statistical foundation concepts of data collection & presentation, variability, central tendency, sampling theory, inference & hypotheses testing, regression & correlation, indexes & time series, and seasonal & cyclical analysis.  While an employer with a few dozen employees can manage them with no more of a sophisticated tool than a good memory or paper notebook, even a middle sized organization of a workforce of few hundred needs to look deeper. Read more »