McKinsey’s People Analytics team helps companies to define clear talent-management goals and identify initial hypotheses against which to test the data. The team then performs a data diagnostic to identify the availability of critical sources of data, before aggregating and cleaning it. Predictive models and analysis are then applied to generate insights. Expert McKinsey consultants then work directly with leadership teams and develop action plans to convert insights into actions that drive value. Depending on the level of complexity, the process can take anywhere from 2 to 10 weeks.
As a final step, we can help a company embed analytics deeply into everyday HR processes by providing training on how to track and quantify impact on an ongoing basis, and, if desired, a blueprint for how to build an HR Analytics function.