talent data exchange –the future of workforce...talent data exchange –the future of workforce...

© 2015 Crain Communications Inc. All rights reserved. 22‐23 July 2015 Shangri‐La Hotel Singapore

Talent Data Exchange – The Future Of Workforce Analytics

Bryan Peña, Vice President, Contingent Workforce Strategies and Research, Staffing Industry Analysts Christopher Minnick, Executive Vice President, Brightfield Strategies


TopicsWho is SIA/Brightfield

Purpose

The Problem/History

Talent Data Exchange


Staffing Industry Analysts Bryan Peña | VP, Contingent Workforce Strategies & Research, CCWP

Brightfield Christopher Minnick| Executive Vice President

On the phone


Who We Are: SIAOver 700 client organizations benefit from our international research services• 80% of the largest 50 U.S. staffing firms and 60% of the

world’s 25 largest staffing firms are corporate members • Over 70 buyers of contingent labor are members of our

CWS Council, representing over $100 billion in annual contingent workforce spend

• Customers in more than 80 countries

Founded in 1989• Acquired by Crain Communications ($200M media

conglomerate) in 2008• Headquartered in Mountain View, California and London,

England• 80+ years of industry and advisory service experience

among executive team


SIA Ecosystem and Clients

© 2015 Crain Communications Inc. All rights reserved. 22‐23 July 2015 Shangri‐La Hotel Singapore©2015 by Crain Communications Inc. All rights reserved.

CWS Council Members (partial public list)


Introduction to Brightfield Strategies Management consultancy and data services provider specialising in global workforce strategies & analytics

Owners & stewards of the Talent Data Exchange, an aggregation of transactional services & employment data

Assist Fortune 10 – Global 2000 companies to optimise their contingent workforce programme identify cost savings, efficiencies and risk mitigation opportunities contingent workforce programme design & implementation strategic maturity in using talent as a competitive differentiator

Strategic alliances broadens reach & influence Staffing Industry Analysts: Top‐rated staffing industry analysis, publication,

and global events Corporate United: Horizontally focussed Group Purchasing Organisation

3


Consulting Practice Areas1. Modeling & Analytics Rate modeling

Workforce mix modelling

2. Contingent Workforce Management Consulting

Formal assessments: performance, maturity, readiness

Strategic sourcing & contract negotiation

Implementation services

Strategic workforce planning

3. Governance, Risk & Compliance Legal, regulatory and contract analysis

Policy review & development

Training & education programmes

Supplier audits, billing Audits

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PURPOSE


Questions:What's a good time to fill number?

What is the market rate for “X”

How many suppliers should I have in my programme?

Is it better to source resource myself or through an agency?

Am I paying to much or too little?

BP1


Comparisons to Current Benchmarks are Difficult….. Technology – VMS /no VMS Provider mix Programme governance model Type of talent Hiring requirements Background check Job descriptions Commercial terms Location Special skill types

Approval process Onboarding requirements Hiring manager behavior Tenure of role Competitors in the region Local employment prospects Data Timing

…………if not impossible

Membership‐based data aggregation & analytics service

Enables companies to:

- anonymously and precisely compute the cost of nonemployee labor

- test the validity of blended, global workforce strategies

Conformity of data associated with job titles produces reliable benchmarks beyond just rates including supply/demand

Aggregating as much of the $125 billion in contingent workforce spend known to be in VMS technologies… and then beyond to ATS & HRIS to include employee data

Big Data + Industry-wide Collaboration =The Talent Data Exchange

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Job Titles are “Species” of Distinct Genetic Make-up

New job titles emerge as new technologies and ways of working are implemented

Stale job titles fade away as functions/skills are outmoded

As job titles differentiate in application, members within a job title take on a diversity of forms, each with corresponding availability and cost

Dots Alone Don’t Tell the Story…Dots Have Wings.

Contingent Workforce rate data is very scattered

Brightfield sleuths for possible causes of rate variance:

- Location- Duration- Sourcing channel- Individual suppliers- Partial articulation of need

via vague job title

Understand rate scatter within job title variants to be in the right conversation with the right people

business consultant

senior developer scientistproject manager

Species Generate Breeds as they Mutate,So Do Job Titles

Front-end Java Java/Oracle Mobile Apps SQL Server

.NET C# Hadoop Data Scientist SAP ABAP WordPress

Test Scripting Report Developer Application Support Integration Specialist

Spe

cies

:So

ftwar

e D

evel

oper

Work Attributes Comprise the DNA of Job Titles

The Initial Toolset

Variant Explorer: Identify and Save clusters within a job title as Variants

Tru‐Market Valuator: Select/Refine Variant to see rate intelligence

Labour Basket Analyser: See all job titles and Variants’ rate vs aggregate market view in single view, with ability to explore “what if” scenarios by changing Source Type and/or Contract Type

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TDX Homepage

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Talent Data Exchange Tool Set:Tru‐Market Valuator

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First tool of many coming from Talent Data Exchange

Achieves conformity through big data techniques that find patterns between structured data (e.g. location, duration, source type) and unstructured data (e.g. job description)

Underlying assignment details and corresponding rate data only coming from true transactions

Data comes from corporations using a diverse cross‐section of VMSs & MSPs

Transparency of data volume and calculation methods as guiding principle

Accepts data for assignments in any country with any currency


For More Information or to Arrange a Demo Email SIA Member Services at:

[email protected]

22‐23 July 2015Shangri‐La Hotel, Singapore© 2015 Crain Communications Inc. All rights reserved.

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