Are we looking at all the right data?
At this point, it’s no secret that there are massive volumes of data we can tap into for rich insights. Data lakes, warehouses, and other cloud repositories enable organizations to have a centralized location to store and analyze disparate data sources. I bring this up because creating new and insightful KPIs for hiring and staffing may require looking at new data.
It’s important to have conversations with hiring and staffing SMEs to determine what new data could be useful for analysis. This could mean looking at 3rd party data and sources to supplement your existing data, including store location reviews, regional demographics data, or market research data.
It’s also very likely that the KPIs require data that already exists in your organization, but it hasn’t been made available for hiring or staffing analytics. For example, we’ve seen clients start to build out brand new retention models in their staffing dashboards based on data they already had access to, but hadn’t had the chance to build off of yet.