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MISO Visibility Challenge: Using Predictive Analytics to Manage People Talent
  • Award: $15000 USD
  • Challenge type: Ideation
  • Challenge under evaluation

Challenge overview

ABSTRACT

The post-COVID work environment has seen unprecedented shifts in employee preferences. They require more flexibility in the ways they do their work, and they also demand this work to be more intellectually stimulating. This poses additional challenges for MISO’s succession planning and allocation of employees brought on by retirements and employee turnover. MISO is therefore interested in finding new approaches to the areas of employee retention and talent acquisition.

In this Challenge, MISO is looking for methods and tools of predictive analytics to improve employee retention and talent acquisition. MISO is requesting a comprehensive review of the field of predictive analytics tools applied to human resources. MISO is also asking for specific suggestions on how these tools could be put into practice to achieve its goals.

This is an Ideation Challenge with a guaranteed award for at least one submitted solution.

 

OVERVIEW

The post-COVID work environment has seen unprecedented shifts in employee preferences. They require more flexibility in the ways they do their work as hybrid work arrangements become common. Employees also demand their work to be more intellectually and emotionally stimulating. All this happens against the background of a higher-than-usual number of employees who leave or retire earlier than usual. This poses additional challenges for MISO’s succession planning, and MISO is interested in finding innovative, data-driven approaches to the areas of employee retention and talent acquisition.

In this Challenge, MISO is looking for methods and tools of predictive analytics to improve employee retention and talent acquisition. An “ideal” solution to this Challenge will consist of two parts. First, Solvers will compose a comprehensive review of the field of predictive analytics tools applied to business human resources. Second, Solvers will formulate specific suggestions on how identified tools could be put into practice to improve employee retention and talent acquisition.

This is an Ideation Challenge, which has the following unique features:

  • There is a guaranteed award.  The award(s) will be paid to the best submission(s) as solely determined by the Seeker. The total payout will be $15,000, with at least one award being no smaller than $5,000 and no award being smaller than $2,500.
  • The Solvers are not required to transfer exclusive intellectual property rights to the Seeker.  Rather, by submitting a proposal, the Solver grants to the Seeker a royalty-free, perpetual, and non-exclusive license to use any information included in this proposal, including for promotional purposes.

Submissions to this Challenge must be received by 11:59 PM (US Eastern Time) on 07-11-2022.

Late submissions will not be considered.

After the Challenge deadline, the Seeker will complete the review process and make a decision with regard to the Winning Solution(s). All Solvers that submit a proposal will be notified of the status of their submissions; however, no detailed evaluation of individual submissions will be provided.

 

ABOUT THE SEEKER

Midcontinent Independent System Operator (MISO) is an independent, not-for-profit organization that delivers safe, cost-effective electric power across 15 U.S. states and the Canadian province of Manitoba. Operating one of the world’s largest energy markets (with annual energy transactions worth more than $29 billion), MISO is committed to collaborating with all stakeholders to create cost-effective and innovative solutions for our changing industry. To learn more about MISO and its mission, visit www.misoenergy.org.

 

What is the Wazoku Crowd?

Imagine a world where any problem you have can be looked at by millions of expert, motivated eyes. The Wazoku Crowd makes this possible. With twenty years of experience in crowdsourcing, the Wazoku Crowd is the gold standard for open talent and external innovation solutions. Commercial, governmental and humanitarian organizations engage with the Wazoku Crowd to solve problems that can impact humankind in areas ranging from the environment to medical advancements.

What is a Wazoku Crowd Ideation™ Challenge?

A Wazoku Crowd Ideation™ Challenge is a broad question formulated to obtain access to new ideas, similar to a global brainstorm for producing a breakthrough idea or market survey which may include ideas for a new product line, a new commercial application for a current product, or even a viral marketing idea to recruit new customers. Ideation™ Challenge submissions are typically about two written pages, and Seekers receive a non-exclusive, perpetual license to use all submissions.

In an Ideation™ Challenge, Solvers may:

  • Submit ideas of their own
  • Submit third party information that they have the right to use and further the authority to convey that right and the right to use and develop derivative works to Seekers
  • Submit information considered in the public domain without any limitations on use

Solvers should not reveal any confidential information in their submissions. Often the Ideation™ Challenge will be followed by one or more of the other three Challenge types to further develop the ideas and gain Intellectual Property protection when the concept has been well-defined.