With the problem of employee retention growing, companies are more likely to rely on performance analytics to better prepare themselves if workers decide to leave their employers, The Wall Street Journal reported. High employee turnover could cost employers thousands, reducing profits and resources to use for existing employees. While there are various reasons why workers would want to leave a company, it’s up to employers to determine the cause and react quickly.
Big companies like Wal-Mart are using employee management analytics to determine whether employees are deciding to move on to another employer, according to the Journal. Not only do employers get a better idea of which employees are considering leaving, but they can also identify the source of lower employee retention.
According to LinkedIn, it can cost a company 30 percent to 50 percent of an employee’s annual salary to replace an entry-level worker. This percentage is substantially higher for mid-level and high-level employees or workers with special skills. With the high cost of employee turnover, employees should track metrics that could indicate when an employee is close to heading out the door.
Data collection to improve retention
The types of data employers can collect include how long workers have been with the company, performance statistics and responses to surveys and personality tests.
Companies that use sales effectiveness metrics and other key performance indicators can gain insight into whether employees are engaged with their jobs and whether there are underlying causes to a drop in productivity. When firms suspect that employees are losing interest in their jobs, they could confirm this through worsening key performance indicators, such as lower sales and when employees are less likely to meet their quotas. Without quantitative data like revenue per sale and other measures, employers are less likely to pick up on subtle signals that employees are ready to leave.
If employers are able to detect employees who are more likely to leave, they can ready themselves to find a replacement to reduce any productivity losses that happen during the recruiting and training process for new employees.
“If we can tell three months in advance [that a position is going to be open], we can start hiring and training people,” said Elpida Ormanidou, vice president of global people analytics at Wal-Mart, according to the Journal. “You don’t want the jobs vacant for that long a time.”
Jason Atchley : Data Management : To Understand What Makes Data-Aware Technology So Cool, Ask Gartner
To Understand What Makes Data-Aware Technology So Cool, Ask Gartner
How cool is DataGravity? According to Gartner Cool Vendors research, very. This report examining the landscape of storage options – including our own data-aware technology – provides valuable insights into how companies are facing the challenge of not only storing, but also analyzing and securing their data. The recent list names DataGravity as a force in the industry: “DataGravity provides a primary storage platform that accentuates data awareness with built-in data protection, search and visualization capabilities.”
Why did Gartner choose us as one of the “cool kids?” According to the report:
“The Discovery Series systems track and audit all interactions, identify sensitive data, and retain this information in a metadata repository.” End users sometimes save sensitive data to the wrong place or even use data for malicious purposes. User access auditing is just one of our features that is more than cool – it’s essential for data-driven businesses.
“A clean UI provides a simple view to search and filter through data […] data can be easily searched for sensitive information, including personally identifiable information (PII) stored in a full content index as part of an overall information governance and compliance strategy.”Understanding your stored data allows you to decrease liability, as well as surface business insights, and visualization makes those actions easier for end users.
“The secondary replicated copy also acts as a backup for data protection utilizing DiscoveryPoints that are similar to a snapshot while also allowing granular recovery.”Misplaced files and accidental deletions plague company interactions. Having a stored copy that is simple to retrieve saves both time and resources.
Gartner’s report says, “Storage administrators, storage and IT architects, IT management, chief data officers, and information and governance leaders who seek a primary storage platform that accentuates data awareness with built-in data governance, search and visualization capabilities should consider DataGravity.”
Making magic happen with data-aware storage in the public sector
IT pros should be allowed to add “magician” to their resumes. (Outside of the “personal interests” section, we mean. To each his own.)
On a daily basis, we hear how our customers are bringing IT magic to their organizations by streamlining tired processes and proposing innovative new ways to avoid risks and encourage team productivity. All the more impressive is the materials these pros usually have at their disposal. Major enterprises tend to have access to expansive teams and the latest tools to help power their latest projects. Midmarket companies and public sector organizations, however, need to distribute resources wisely and make educated decisions that enhance value, protect the agency’s most confidential data and keep budget top of mind.
Data-aware storage helps IT pros command a magic power – the ability to unlock the value of their data and incite change in their organizations. Now that Promark Technology has added DataGravity to its General Services Administration (GSA) Schedule, public sector organizations can harness this power and experience the benefits it makes possible. Promark has a two-tier distribution agreement that connects value-added resellers and system integrators with government agencies and public sector organizations in need of storage innovation. Federal, state, local and education (SLED) agencies leverage this relationship to help cut their spending by billions of dollars.
Whether you’re a full-fledged data magician or an IT pro with a few tricks up your sleeve, DataGravity can help you conjure up business value. And now, Promark will help public sector organizations pull off the following feats:
Meet tight compliance policies, through the ability to see which files violate regulations and which users are accessing them;
Last night was David Letterman’s farewell to late-night TV. For over 30 years, he has entertained us with his interviews and antics, showing that the mundane can be funny and made unfamiliar. The guy was a class act, and he will be missed.
As a tribute to Dave, we’ve created a Top 10 list focused on the basic structure of a compliance program—tone at the top, policies, risk assessments, training, communication, monitoring and response. Do your best to imagine Rupert Jee of Hello Deli reading aloud: “Top 10 Signs Your Compliance Program Is In Trouble”
10. The company is using a straw poll to monitor the compliance program.
Monitoring a compliance program is a key ingredient to its success. Unless they know the compliance initiatives are working, compliance professionals cannot gauge whether the program is effective and make potential adjustments. Options for monitoring range from using technology tools to evaluate controls or compliance resources to test how well the program is working.
9. The CCO’s license plate reads “LAWRUP.”
When a compliance professional identifies a compliance failure, the program must respond accordingly. If the failure implicates criminal consequences or a large fine, outside counsel may be appropriate. The compliance team, who has a greater understanding of the business and comes without the increased cost, may handle less-complex issues. There is no one-size-fits-all solution.
8. Company policies are an oral tradition that are categorized only as “Before and after the war.”
If you don’t tell employees what a good job looks like, you cannot expect them to perform. The best policies are clear, concise and contain usable teaching aids. Try using universal imagery. Think of icons that speak to your organization and the risks faced. Give employees the tools they need to succeed and make following the policies simple.
7. The CEO’s favorite episode of “Mad Men” is the one in which Joan secures the Jaguar account to become a partner.
Leadership is the best advocate for compliance. When the CEO speaks, people listen. Smart compliance professionals use business leaders to advocate for their program. Teach the CEO what to focus on—create messages and tools to incorporate compliance into presentations and meetings. When the CEO and CCO work together, they can impact the culture of compliance.
6. The company’s online training consists primarily of YouTube excerpts from “The Wire,” with the CCO talking about how all employees need to “re-up.”
At conferences, we hear that live training is always superior to online training. But what about the employee who has been with the company for 20 years and listened to the training program numerous times? Isn’t it better to provide that employee with the changes to the compliance requirements through online training or some other module that does not detract from his day-to-day job? Does that employee need the same training as someone that is new to the company? As with the compliance program itself, training is not a one-size-fits-all proposition.
5. The CCO insists that any bad news be delivered only via texts to his personal cellphone.
It is easy to overlook communication. We all think we communicate well. Emails and texts may be useful, but implementing formal communication in a compliance program takes some work. Effective communication depends on defining the right channels and a thoughtful escalation process.
4. The business folks sing the tune “Bad Boys” from “Cops” every time anyone from compliance walks into a meeting.
The first job in compliance is to understand the business. Compliance does not work without buy-in from the business. What makes the business operate? What are the pressures from different operations and markets? What keeps the COO up at night? Effective programs have strong coordination between compliance and operations, where the operations team sees compliance as a business enabler—not just a cost center.
3. The CCO frequently invokes scenes from the movie “Jumanji” when discussing the company’s risk assessment results.
A proper risk assessment looks forward and evaluates risks that may impact the compliance program according to subject matter. What could go wrong? When could it happen? What are the potential consequences? How do you rate these things? What factors should you use? A risk assessment is not an internal investigation that provides you with historical information about your program. It’s an exercise in predicting and forecasting.
2. Employees in international markets cannot pick the CCO out of a line-up.
CCO visits to an organization’s international markets have a profound impact. These visits increase compliance visibility and leadership awareness of market activities. Different regions have different issues, and to adequately understand and develop a compliance program that mitigates international risk, the CCO has to mingle with employees and collect information on how the program is working.
1. The U.S. Attorney General refers to your company as “a cartel.”
Public perception of a compliance program is important—and that goes double for your regulators. Speaking at compliance conferences and other events not only provides an opportunity to pick up on the best practices of other organizations, but it also allows a CCO to publicly promote the program. Sometimes perception becomes reality in the mind of regulators.
Ryan McConnell and Meagan Baker are lawyers at McConnell Sovany—a compliance and litigation boutique. McConnell is a former assistant United States attorney who, in addition to writing this column, has taught compliance and criminal procedure at the University of Houston Law Center. Baker’s practice focuses on international compliance issues ranging from risk assessments to developing compliance programs. Send your favorite stupid pet trick to firstname.lastname@example.org.
Why Shouldn’t IT Settle for Limited Visibility Into Their VM Storage?
The modern data center has heavily invested in hosting, developing and managing virtual workloads, making the necessity for data-aware virtual machine storage greater than ever. In organizations where data is distributed across virtualized infrastructure and in thousands of VMs, fostering proactive, real-time security and compliance processes can be complex. To combat external and internal threats, as well as human errors that put sensitive data at risk, IT teams must expand their visibility into the storage layer of VM environments.Why shouldn’t IT settle for poor VM storage visibility? Because as the data center shifts and expands, understanding what’s lurking in the shadows of stored files becomes essential to protecting an organization, its employees and its customers. To overcome some of the data management problems typically associated with virtualized environments, IT needs 360-degree, file-level visibility into virtualized data sets.The shift to
data-aware VM environments at the storage level
provides organizations with the ability to:
Troubleshoot and remediate privacy, security and compliance issues;
Search, protect and govern stored data
Gain operational, security and business insights;
Evaluate data at the VM or file level based on several key factors; and
Avoid common dark data pitfalls.
Click through our newest SlideShare, “
Bring Data Awareness to Your VMware Environment
: Why IT shouldn’t settle for incomplete VM storage visibility” to learn how data-aware storage helps control and optimize VM environments.
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This entry was posted in
February 11, 2015
About Jeff Boehm
Jeff Boehm is the vice president of marketing at DataGravity. Jeff brings more than 20 years of experience with a rare combination of marketing skills, organizational leadership and technical background to DataGravity. Having shaped the BI and search markets working for industry pioneers and disrupters, Jeff is excited to be redefining the storage market.
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