More than half of human resources departments around the world report an increase in the use of data analytics compared with three years ago, according to a recent survey by the Economist Intelligence Unit. However many employees are still blissfully unaware of how information they may deem private is being analysed by their managers.
According to a recent report by the Financial Times Evolv Inc. is a leader in the nascent Quantified Workplace movement, where big data analytics companies are springing up to measure how we work. “Every week we figure out more things to track,” says Max Simkoff, Evolv’s co-founder and chief executive, who claims it can help improve productivity by at least 5 per cent in two-thirds of jobs.
For its part, Evolv analyses more than half a billion “employee data points” from across 13 countries, seeking to identify patterns across companies and industries. These data points range from how often employees interact with their supervisor to how long it takes a worker to get to the office.
Evolv’s clients use them to help guide their hiring decisions, as well as to evaluate an employee’s performance throughout his or her career.
The company has so far focused on customer-facing industries such as retailers and call centres. One client is Kelly, an employment agency. It says it has seen a 7 per cent improvement in employee efficiency across the board by incorporating Evolv’s insights into its hiring policy.
Source: Financial Times
