Quantcast
Subscribe!

 

Enter your email address:

Delivered by FeedBurner

 

E-mail Steve
This form does not yet contain any fields.
    Listen to internet radio with Steve Boese on Blog Talk Radio

    free counters

    Twitter Feed

    Entries in data (78)

    Monday
    Jul062015

    CHART OF THE DAY: On Tesla and Disrupting Markets

    Quick question for a busy Monday - which auto maker have you seen the most reporting and commentary about in the last few years?

    Maybe General Motors - the largest US auto maker and who has been in the news plenty in recent years, mostly for a slew of recalls.

    Or possibly one of the major Japanese or Korean manufacturers like Toyoata or Hyundai that seem to be continually closing the gap in US market share from the traditional leaders, GM and Ford.

    No, I bet the auto maker you have read and heard the most about lately is the electric car maker Tesla, who for lots of reasons, (innovative products, charismatic leadership of Elon Musk, and interest in modern and ever cloud-based technology for cars), has garnered insane amounts of press and media coverage. 

    So here is another question for you, and the subject of today's Chart of the Day - How much market share does Tesla actually have in the USA? Take a look at the chart below, courtesy of The Truth About Cars, then some quick comment from me. And as always, comments remain FREE.

     

     

    Some thoughts:

    1. So according to the chart for the first half of 2015 Tesla's USA market share is, well, we don't know what it is because on this chart Tesla does not actually register. They must be included in the 1.9% of 'Other'. 

    2. According to a similar data set over at Autonews.com, we see that for the first 6 months of 2015, Tesla sold about 10,200 cars in the US out of a total market of approximately 8.5 million vehicles.  So if my math is right, that puts Tesla's US market share for the first half of 2015 at 0.12%. That's a little bit more than a tenth of a percent. Other makers in the same general space in the market as Tesla include Maserati, Bentley, and SmartUSA.

    3. Here is why this is interesting to me, and where I think that there are some parallels to what we see in any technology market. There is a completely outsized focus on Tesla relative to their actual position in the market and one could argue, the market value of their business, when placing it in context. The pundits and the media, even what passes for the HR/Talent media, love, love, love to focus on the 'new' story, often at the expense of the most relatable story for their audiences. Chances are you have seen 1,493 stories about Tesla in the first 6 months of the year. Chances are also pretty good you don't know anyone that actually owns a Tesla.

    4. It is awesome in HR and Talent to think about what is next, what is likely to dominate how organizations are organized, how people are engaged, how workplaces will function in the future, but the truth is the vast majority of us, (and our leaders), have to think about the next 6 months of 2015, not what the world of work will look like a decade from now. It is important to think about this when reading about HR's version of Tesla, which of course is Zappos, and whatever new experiments they are running over there.

    5. Tesla probably is the most disruptive and innovative auto maker in the world, but the truth is the real impact of their disruptions won't be seen until they truly can deliver sufficient volumes of more mass-market cars, (Tesla's are $100K or so, high-end luxury cars today), and/or the big boys like GM or Toyota decide to try and compete more directly in this segment. It is the same in HR whether it is Holacracy or 'no resume recruiting' or 'no more performance reviews'. It takes a long time in mature industries for these disruptions to move past 'niche' and into the mainstream. Your challenge as an HR/Talent pro is to know when to move with the Teslas and Zappos of the world and when to lay back and lease the newest Camry. 

    Interesting stuff...

    Have a great week!

    Monday
    Jun222015

    PODCAST - #HRHappyHour 216 - Keeping HR Data Secure

    HR Happy Hour 216 - Keeping HR Data Secure

    Recorded Friday June 19, 2015

    Hosts: Trish McFarlaneSteve Boese

    Guest : Roland Cloutier, VP, Chief Security Officer, ADP

    Listen to the show HERE

    This week on the show, Steve and Trish were joined by ADP's Chief Security Officer, Roland Cloutier, for a fascinating discussion on organizational and employee data security.Roland discussed the primary issues and concerns that HR and business leaders have with data security, the best ways for HR leaders to engage with their solution providers and their internal teams when navigating issues of data security, and offered insights on how to continue to secure critical employee information in an environment of multiple systems, platforms, and data integrations.

    This was an extremely lively and fun show, (don't let the dry-sounding topic fool you), about an important and timely issue facing all HR and business leaders today - keeping your employee and organizational data secure in an environment where threats to that data's security and integrity are just about everywhere.

    You can listen to the show on the show page HERE, or by using the widget player below:

    Check Out Business Podcasts at Blog Talk Radio with Steve Boese Trish McFarlane on BlogTalkRadio

     

    And of course you can listen to and subscribe to the HR Happy Hour Show on iTunes, or via your favorite podcast app. Just search for 'HR Happy Hour' to download and subscribe to the show and you will never miss a new episode.

    Thanks to Roland and the team at ADP for making this important topic understandable, relatable, and yes, even kind of fun. Every HR leader's job is employee data security, and as such, you don't want to miss this discussion.

    Friday
    Jun122015

    CHART OF THE DAY: More open jobs today than since... well, since ever

    Not much to say about this data as I think it is more or less is self-explanatory.

    Courtesy of our friends at the Bureau of Labor Statistics and powered by the St. Louis Fed's awesome 'Fred' data service, take a look at the last 15 years or so of data on Total Job Openings in the US.

    A quick glance at the data tells us what we need to know: Job opening as of the end of April 2015 were about 5.4 million, and are at the greatest level in the history of this data set, surpassing the previous high mark in January 2001.

    There's lots and lots of opportunity out there. And I will bet lots of said opportunities are not the ones that like to hassle their opportunity holders about unfiled time sheets, and sick leave accruals, and bereavement leave, and having to 'check in' when they are out on vacation. 

    The labor market continues to get tighter. People have more options. And the organizations that are slow to realize this will probably, eventually regret their ignorance or arrogance.

    Have a great weekend!

    Tuesday
    Jun022015

    CHART OF THE DAY: Which job candidate gets the most attention from hiring managers?

    Quick answer - It is Candidate #4.

    Some back story on that conclusion...

    Recently researchers at Old Dominion University published a study called 'How quickly do interviewers reach decisions? An examination of interviewers' decision-making time across applicants' in the Journal of Occupational and Organizational Psychology. They found that hiring manager decision-making takes closer to five minutes for the first interviewee, and reaches closer to eight minutes by the fourth applicant. After this, however, the time hiring managers take to reach a decision begins to decrease with each additional interview.

    Here's a chart from the study:

    From the researcher's conclusions on this data:

    Interviewers tend to take longer to evaluate applicants near the beginning of their interview schedule and take less time to evaluate applicants near the end of their schedule. This may prevent applicants who appear later in the schedule from having a full opportunity to perform. Organizations may benefit from limiting the number of interviews an interviewer conducts in immediate succession to around four, which may decrease reliance on more automatic information processing strategies.

    What conclusions can we draw from this data, and what changes might we need to consider to make sure we are not falling into the 'Candidate #4' trap?

    Well, the first step is just being aware of this potential tendency. If you have to set up an interviewer or a hiring manager for a day-long set of candidate interviews, make sure you schedule some breaks such that they are not seeing a dozen people in a three-hour block. Chances are everyone after Candidate #4 are not getting a fair look, and we are wasting hiring manager time as well. 

    Next, if you are brining in a smaller set of short listed candidates for a second round of interviews, don't slate them in the same order with every interviewer they have to meet. Mix up the order across the interviewing team to try and reduce the effects of 'interview fatigue' adversely impacting any single candidate.

    And last, keeping this data in mind should make us be more careful about tracking more data around interviewing and interviewers - how much time they spend per candidate, how much does the 'Candidate #4' efffect exist in the organization, and how can we use data on these processes to get better.

    Data is our friend. Use wisely.

    Tuesday
    May192015

    WEBINAR: HR Analytics for Everyday HR and Talent Pros

    So by now someone in your organization, maybe even you, is going on and on about data and Big Data and analytics and maybe even predictive analytics being the future of HR and talent management. Seven out of ten surveys say as much, so it must be true, right? A quick Google search of "HR analytics' turns up just north of 14 million results. So it seems like everyone in HR has or will be talking about how important analytics are to the functions.

    But in the words of the immortal Al Czervik in Caddyshack, 'So what?' 

    What does the HR analytics revolution mean for you, the average, working, front-line HR/Talent pro?

    Well glad you, or really I asked. Because my friends over at Fistful of Talent are there to help answer this and many more questions on HR Analytics with the next installment of the FREE FOT Webinar entitled The New HR Math: Dumbing Down HR Analytics for Everyday HR and Talent Pros, (sponsored by HireVue, a company that gets predictive analytics at a whole other level) on May 27, 2015 at 2PM ET.

    The smarty-pants geek kids over at FOT will hit you up with the following:

     - 5 HR and Talent Analytics you should stop measuring immediately! You know what looks really bad to your leadership? When HR is using the old math, and everyone else is using the new math!

     - 5 HR and Talent Analytics you should start measuring immediately! Don’t be that parent fighting the good fight, ostracizing your kid from society by not allowing them to use the new math skills! We have the new cool measures you really need to be using in HR and recruiting today

     - 3 Best Practices every HR and Talent Acquisition shop can do right now with their analytics. You now know what the numbers are, but what the heck are you supposed to do with them? Fear not, Tim and Kris watched every YouTube video possible on the new math, they can show you the way!

     - A primer on what’s next once you start using these Predictive Analytics. Since you specialize in people, you naturally understand the move to using analytics that helps you predict the future is only half the battle—you have to have a plan once the predictions are made. We’ll help you understand the natural applications for using your predicitive analytical data as both a hammer and a hug—to get people who need to change moving, and to embrace those that truly want your help as a partner. 

    You’re a quality HR pro who knows how to get things done. Join FOT on May 27th at 2pm ET for The New HR Math: Dumbing Down HR Analytics for Everyday HR and Talent Pros,  and we’ll help you understand how to deploy the "new-math" principles in HR that allow you to use predictive analytics to position yourself as the expert you are.