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SLING SHOT  -   Performance and Compensation Accelerator Analytics

IP.com Disclosure Number: IPCOM000234017D
Publication Date: 2014-Jan-07
Document File: 1 page(s) / 26K

Publishing Venue

The IP.com Prior Art Database

Abstract

Performance and Compensation Accelerator Analytics using big data and social collaboration

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SLING SHOT - Performance and Compensation Accelerator Analytics

Summary of Invention:

"Sling Shot" Performance and Compensation Accelerator Analytics leverages big data and social collaboration mechanisms for predicting and improving business performance and influencing employee engagement and satisfaction. "Sling Shot" interconnects business unit strategic Key Performance Indicators (KPIs) to personal employee business commitments/results and Human Resource compensation plans. Using real-time internal social feeds of actual employee results measured on contribution of impact to KPIs, "Sling Shot" uses Big Data analytic algorithms for predicting employee and business unit performance, and uses a social collaboration engine to trigger action requests and manage closed loop communications.

In summary, data feeds (known as the sling shot load) are enacted in Sling Shot (known as the tool/application), with real time analytics performance response ((known as the sling shot pull-back mechanism), triggering human collaboration for business performance excellence (known as the sling shot accelerated performance). "Sling Shot" uses Big Data for predicting short term and long term business performance impacts from personal employee business commitment contributions. Adjustable response levers to be used in the novel application to reward employees for impacting both short term and long term business success.

Benefits for Use vs Known Solutions :

Current employee performa...