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Analyzing the Value of Family Business Initiatives Chris Mason Head of Talent, Compensation, Workforce Analytics

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Page 1: Analyzing the Value of Family Business Initiatives · Patagonia LinkedIn Applications by Month (Oct 2015 – Sept 2016) Family Business Promotion Period. 12 *All differences in chart

Analyzing the Value of Family Business Initiatives

Chris Mason Head of Talent, Compensation, Workforce Analytics

Page 2: Analyzing the Value of Family Business Initiatives · Patagonia LinkedIn Applications by Month (Oct 2015 – Sept 2016) Family Business Promotion Period. 12 *All differences in chart

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40+ years in BusinessPrivate/Founder

~1B in Sales~2000 Employees

Global (in 4 Continents; primarily in US/Japan/EU)

Direct-Retail & Online and Wholesale in 4K+ distributors

Page 3: Analyzing the Value of Family Business Initiatives · Patagonia LinkedIn Applications by Month (Oct 2015 – Sept 2016) Family Business Promotion Period. 12 *All differences in chart

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Build the best product, cause no unnecessary harm, use business to inspire and implement

solutions to the environmental crisis.- Patagonia Mission Statement

Page 4: Analyzing the Value of Family Business Initiatives · Patagonia LinkedIn Applications by Month (Oct 2015 – Sept 2016) Family Business Promotion Period. 12 *All differences in chart
Page 5: Analyzing the Value of Family Business Initiatives · Patagonia LinkedIn Applications by Month (Oct 2015 – Sept 2016) Family Business Promotion Period. 12 *All differences in chart

And recently we’ve been getting a lot of press about this release…

Page 6: Analyzing the Value of Family Business Initiatives · Patagonia LinkedIn Applications by Month (Oct 2015 – Sept 2016) Family Business Promotion Period. 12 *All differences in chart

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16 Weeks Paid Maternity Leave

2 Onsite Childcare Centers

A Recent Talent Analytics Question: Is there any evidence that our family business

initiatives create value? Specifically…

12 Weeks Paid Paternity Leave

Page 7: Analyzing the Value of Family Business Initiatives · Patagonia LinkedIn Applications by Month (Oct 2015 – Sept 2016) Family Business Promotion Period. 12 *All differences in chart

Range Restriction• 4-6% annual turnover at HQ last 5yrs • 91-94% of employees in each location agree

“(Patagonia) is a Great Place to Work”• 100% of new mothers return to work (last 10yrs)

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Small Sample Sizes• ~500 employees at HQ location• <25 employees operate 32 stores• 10-20 mothers take leave per year

Some of Our Data Analytics Challenges

Page 8: Analyzing the Value of Family Business Initiatives · Patagonia LinkedIn Applications by Month (Oct 2015 – Sept 2016) Family Business Promotion Period. 12 *All differences in chart

Some Ways We Solve For Our Data Analytics Challenges

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Leverage External Benchmarks and Data

Supplement with Qualitative Analyses

Partnerships With Bigger Organizations

(Anyone Interested?)

Build the Case From Multiple Data Sources

Page 9: Analyzing the Value of Family Business Initiatives · Patagonia LinkedIn Applications by Month (Oct 2015 – Sept 2016) Family Business Promotion Period. 12 *All differences in chart

EngagingOur TalentAttracting

Our Talent

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Building the Case From Multiple Data Sources (Internal & External)

Retaining Our Talent

Page 10: Analyzing the Value of Family Business Initiatives · Patagonia LinkedIn Applications by Month (Oct 2015 – Sept 2016) Family Business Promotion Period. 12 *All differences in chart

Sustained Increase Applicants per Job

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Family Business Promotion Period

Page 11: Analyzing the Value of Family Business Initiatives · Patagonia LinkedIn Applications by Month (Oct 2015 – Sept 2016) Family Business Promotion Period. 12 *All differences in chart

Patagonia Page Views by Month (Jan 2015 – Sept 2016)

Patagonia LinkedIn Applications by Month (Oct 2015 – Sept 2016)

Family Business Prom

otion Period

Page 12: Analyzing the Value of Family Business Initiatives · Patagonia LinkedIn Applications by Month (Oct 2015 – Sept 2016) Family Business Promotion Period. 12 *All differences in chart

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*All differences in chart above are statistically significant at p<.05 level

- 100% of moms return to work (last 10 years)

Company wide

Page 13: Analyzing the Value of Family Business Initiatives · Patagonia LinkedIn Applications by Month (Oct 2015 – Sept 2016) Family Business Promotion Period. 12 *All differences in chart

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Next Steps…

8Moms

InLeadership

Supplementing with Qualitative Data

Page 14: Analyzing the Value of Family Business Initiatives · Patagonia LinkedIn Applications by Month (Oct 2015 – Sept 2016) Family Business Promotion Period. 12 *All differences in chart

Join in the discussion…

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- How do you use analytics to connect to social goals for your organization?

- How do you deal with analytical challenges of small sample sizes / low variance?

- In what ways do you leverage qualitative analytics techniques?