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Case Study- CareerWhiz

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Case Study- CareerWhiz

  1. 1. Can Data Science become a game-changer in talent management? Case Study Experiment by ELEKS Data Science team
  2. 2. Technological innovation driven by professionals Nowadays organizations gain competitive advantage with technological innovation that includes wearables, smart analytics, digital transformation and IoT strategies. Technological innovation is driven by professionals, from developers to testers to product managers and CTO’s. The way to outrun your competitors is to hire more talented staff and develop existing employees in the most efficient way.
  3. 3. So we’ve asked ourselves a question here at ELEKS Labs: Can we somehow use data to improve the way organizations hire, manage and develop their talents?
  4. 4. Challenge Create a model that “understands” talent behavior, perspectives, possible career development paths and influence factors, and helps organizations make better talent management decisions.
  5. 5. Solution A tool that is capable of predicting possible career development paths for users based on their previous experience, industries they worked in, skills, education and more. But, more importantly, this model suggests which skills, education or career steps are required to be more successful and reach one’s career goal in minimum time. CareerWhiz: A Data-Driven Tool for Career Advice
  6. 6. Prior to building a model we have collected and processed publicly available data: We collected over 11 mln publicly available vacancies, resumes, recruiting requirements, job and position descriptions and much more. Raw data, containing all information was over 145 GB in size We used natural language processing computer techniques to filter all the text data Analyzing this dataset helped us create a database of 80 000 positions of various seniority levels from 100 industries with over 17000 parameters describing each position. Solution
  7. 7. Solution As a next step ELEKS mathematicians and data scientists built a model that can predict possible career development paths based on user profile. Building such a model means creating a mathematical function that analyzes user profile as an input data and provides prediction as an output.
  8. 8. Solution To give user a personalized prediction we collect data from his LinkedIn profile, split and transform it into a dataset, acceptable by our model and use it as an input file for the model. The model has over 17 000 parameters to describe each position and each user. The more complete user’s LinkedIn profile is the better we understand what type of professional he is, and the better is the accuracy of predictions. To ensure a more precise recommendations for each user the model utilizes collaborative filtering technique. User data collection and preparation
  9. 9. Solution Utilizing specially developed mathematical function we predict potential career paths for each user. We present 3 most probable results based on user’s education, job experience, completed projects, summary, geography and more. We analyze thousands of records in our DB in real-time to identify ones with similar skill sets and assign current user to appropriate cluster. And then make recommendations taking into account specific skills from that cluster. Recommendations include skills, education, job types profiles, projects that are required to reach one’s goal. Recommendations may even suggest changing geographical location to better succeed in one’s career. Prediction
  10. 10. Sample results Olivia is a research intern at educational foundation, mainly involved in research, marketing and communication activities, which is stated on her LinkedIn profile. CareerWhiz shows 3 potential career development paths for Olivia: To become an executive in marketing Olivia needs to work for another 5-7 years potentially as marketing coordinator, project manager at FMCG or telecom organizations, master and improve 11 new skills, including management, project management, marketing, advertising, public speaking and more. Olivia also needs to acquire new education, including MBA. Executive in Marketing Consultant at Education management organization Co-founder, CEO at IT organization
  11. 11. Click on a picture below to access CareerWhiz and get your recommendations (careerwhiz. eleks.com): See how your career can evolve
  12. 12. What started as experiment... And it worked! CareerWhiz: A Data-Driven Tool for Career Advice is a useful and a smart tool that can help many people reach better results in their career. But this is still a proof of concept, that was built to prove our hypothesis that data can help in managing talents…
  13. 13. Business benefits We are working on developing this model further to bring real value to business and here are some examples on how we see this can be done: Improving quality of employees education by understanding which skills and knowledge are leading to better results for specific professions and positions Improving the hiring and promotions decisions by understanding which employee will perform better at specific roles and positions Building internal career plans for employees that will both guaranty higher motivation and job interest for employees and better results and productivity for employers Identifying factors that lead to success as well as leaders capabilities among employees
  14. 14. Join us ... and explore how your organization can benefit from using data for talent management and bring technological innovation to daily operations.
  15. 15. About ELEKS Named a Top 100 Global Outsourcing Company, ELEKS is a global organization providing software engineering, technology consulting and quality assurance services. Since 1991, ELEKS innovative and award-winning solutions have significantly contributed to the customers’ unparalleled business growth to include Data Science, Mobility, Digital and Financial solutions. Contact us Eleks, Ltd. 7 Naukova St., Building G Lviv 79060, Ukraine phone: +380 32 297-1251 fax: +380 32 244-7002 ELEKS Software UK, Ltd. 5 Harbour Exchange South Quay London, E14 9GE phone: +44 203 318-1274 ELEKS Headquarters UK Office Find us at eleks.com Have a question? Write to eleksinfo@eleks.com

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