Talent Analytics, Trends, and Story telling

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Story Telling with Learning Data Talent Analytics Trends Meeting December 2, 2014 The Work Institute

Transcript of Talent Analytics, Trends, and Story telling

Page 1: Talent Analytics, Trends, and Story telling

Story Telling with Learning Data

Talent Analytics Trends Meeting December 2, 2014

The Work Institute

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Agenda Story Telling with Learning Data—Presentation

Story Telling Activity

Triads: Story Teller, Audience, Coach

Webinar Topics

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Story Telling: Movies

Anyone a movie buff?

Baseball movies?

Kevin Costner baseball movies? Famous line from each?

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Story Telling

There are many stories

But according to some, there are only 10 plots in fiction

What plots do you know?

Some of those plots are:

Cinderella—under-regarded, downtrodden overlooked boy or girl overcomes all odds and comes out transformed the winner (Sam Witwicky in Transformers; Luke Skywalker)

Romeo & Juliet —boy meets girl, boy loses girl, boy finds girl—happy ending = Rom Com; tragic ending = Shakespeare

Achilles—The fatal flaw; the most powerful hero is brought low by his weakness

Beauty & the Beast —Little Red Riding Hood in reverse—the ugly monster is transformed

Reference http://www.docstoc.com/docs/69309695/THE-ONLY-TEN-PLOTS-IN-THE-WORLD

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The Quest for the Holy Grail

Every story begins with the conscious realization that something is absent

−Freedom

−Love

−Power

−Skill / Knowledge / Enlightenment

There is only ONE plot

Every Indiana JonesMoneyballThe Lego Movie

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Our Plot: The Search for the Holy Grail

What is missing?

− Information about the impact of training on business outcomes

What must be done to fill the void?

−Gather, analyze and report data—turn data into information

What happens at the end of the movie?

−The award winning report allows leaders to make data-driven decisions

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Our Plot: The Search for the Holy Grail

What is missing?

− Information about the impact of training on business outcomes

What must be done to fill the void?

−Gather, analyze and report data—turn data into information

What happens at the end of the movie?

−The award winning report allows leaders to make data-driven decisions

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What are Executives Interested in Knowing?

Source: How Executives View Learning Metrics by Patti and Jack Phillips, CLO Magazine, Dec 2010

Ranked Importance to Exec’s

Measure Learning Evaluation Level

Example Currently Measured

1 Impact 4 “The Accel project contributed 20% to our reduction in error rates this fiscal.”

8%

2 Value 5 “Within one year, the East program will achieve a 2:1 benefit-cost ratio.”

4%

3 Awards 0 “Our learning program won an award from Chief Learning Officer magazine.”

40%

4 Application 3 “78% are applying their new skills to their jobs” 11%

5 Learning 2 “92% of participants increased their skills” 32%

6 Activity 0 “Last year 7,800 employees participated in our learning programs”

94%

7 Efficiency 0 “Formal learning costs $2.15 per hour” 78%

8 Reaction 1 “Employees rated our training very high with an average of 4.5 on a 5 point scale”

53%

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What are Executives Actually Get

Source: How Executives View Learning Metrics by Patti and Jack Phillips, CLO Magazine, Dec 2010

Ranked Importance to Exec’s

Measure Learning Evaluation Level

Example Currently Measured

1 Impact 4 “The Accel project contributed 20% to our reduction in error rates this fiscal.”

8%

2 Value 5 “Within one year, the East program will achieve a 2:1 benefit-cost ratio.”

4%

3 Awards 0 “Our learning program won an award from Chief Learning Officer magazine.”

40%

4 Application 3 “78% are applying their new skills to their jobs” 11%

5 Learning 2 “92% of participants increased their skills” 32%

6 Activity 0 “Last year 7,800 employees participated in our learning programs”

94%

7 Efficiency 0 “Formal learning costs $2.15 per hour” 78%

8 Reaction 1 “Employees rated our training very high with an average of 4.5 on a 5 point scale”

53%

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Another view….think data visualization

Activity Cost Reaction Learning Application Impact ROI Awards0%

20%

40%

60%

80%

100%We current measure this We should measure thisWe currently measure this We should measure this

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Case Study—Story and Visualization

Arthur Andersen, LLC (former accounting firm) wanted to know whether an Executive Onboarding program was a worthwhile investment.

The following case study tells a story to answer the question

Note the Infographic at the end which summarizes the results

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Evaluation Design

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Results: Tables vs. Graphs

A Table vs. A GraphThe table shows the entire data set at

one point in time.

A Table vs. A GraphThe graph shows every day over two years

Reporting tip: Know your audience

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Visual Variations Provide Insight

Use additional markings and notations to emphasize differences and draw out the meaningful information

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Impact

Each day = billable time = revenue250 days gained due to training

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Monetizing Outcomes

$80M ROI

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Infographic Summary

1 2 3

Three days of training

Leads to… 1 2 3 250

250 extra days of employment

$1M invested

$21M returned

ROI of 21 : 1

20%

80%

No Training

Turnover Retention

5%

95%

Training

Turnover Retention

5% turnover vs. 20% turnover

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Summary: Story Telling & Visualization

Story Telling

Tell a dynamic story, not a “We collected data, analyzed it, and here are the results” story

There are only a few plots; select yours

Tell the story with visuals at the right level for with a targeted message to the audience

Leave the audience with one memorable line (ROI of 21:1 or Decrease Scrap & Increase Performance)

Visualization

Use graphic representations when possible

Make sure they are simple & clear

Use variations to help tell the story (e.g., variations on survival curves)

Create Infographics to summarize the story in one slide

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Activity

Break into triads

Quickly assign roles:

−Story teller

−Audience (e.g., training manager, HR Director, CEO, etc.)

−Observer / Coach

Tell a story and give feedback

Rotate roles so everyone gets to tell a story

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John R. Mattox, II, Ph.D.Senior Measurement Consultant615 714 [email protected]