A new
analytics suite from Broadbean called BDAS looks to use big data to help
HR and recruiters hire the best talent for companies.
Big data, meet human resources.
That pretty much sums up the Big Data Analytics Suite (BDAS), a new analytics platform built by Broadbean and its parent company, Careerbuilder.
BDAS will even incorporate data from a company’s own career site,
applicant tracking system, or HR information system, relying on
graphically clear instrument panels to display that information. Even a
client company's job site counts as a data feed. The cloud-based service
went online for sale today, Aug. 12.
"Nobody likes dealing with different data formats," said Dominic
Barton, COO of Broadbean. The company, now a subsidiary of
Careerbuilder, began business incorporating information from two million
job postings spread out over 6,000 job boards in 140 countries.
"Without realizing it, we put together a skill set normalizing data recruitment feeds," Barton said.
Prior to Broadbean BDAS, recruiters would have to get their data
from six or seven job boards, each with its own log-on, and compile
information on the hiring process for display in spreadsheets. Data was
scattered across multiple sources, each source providing only one kind
of data, and combined together in a spreadsheet provided no insights for
good decision-making, Barton explained.
"The idea was to have a design method that was not about ad hoc
representation," Barton said. Consistency was the objective. The
starting point began with the users, asking them about what data they
pondered when discussing a hiring decision and understanding how they
used it.
To make Broadbean BDAS effective, the visualization aspect had to
combine data in order to tell a story. At the same time, it's important
to make sure the data was consistent and never wrong, Barton continued.
What data got included was a matter of finding the best practices in
that organization and incorporating that into the visualization.
"We didn't invent any of this stuff," Barton said.
A typical screen would show the cost of filling a position, along
with each step of the hiring process, including itemized cost in terms
of dollars and time. A hiring manager would know how long a job opening
has remained vacant and how much was spent trying to fill it.
The hiring process itself can be illustrated as a funnel, showing
number of visits to the website, how many applications that generated,
how many interviews were done from that base, how many offers were made
based on those interviews and how many hires resulted.
"Quality" of the leads generated can be expressed as the percentage
of people interviewed out of the applicant pool, which can also be
broken down by which job boards were the sources of those applications.
Needless to say, some sources work better than others, depending on the job.
"Most talent acquisition teams are under some sort of budgetary
pressure," Barton said. BDAS should be able to identify "a good spend"
or "find a bad spend," thus helping make the most of limited resources.
Broadbean BDAS is part of a larger transition at Careerbuilder, which
is transforming itself from a jobs board to a global provider of "human
resources as a service." Careerbuilder acquired Broadbean in April of
2014. PepsiCo was a beta customer of BDAS for the past 12 months, with
other beta customers signed up after that, Barton remarked.
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