NEW YORK, Aug. 8, 2016 /PRNewswire/ -- An innovative tool promises to help managers to improve their success rate when hiring new people or promoting in-house employees. The new platform, named Predifit, uses the latest in data analytic technology to identify which candidates have the best chance of becoming top-performers in certain tasks and function within the company.
Easy to use, Predifit is an opportunity for companies of all sizes and sectors to uncover the potential of data-driven hiring. The tool does not make decisions by itself. It uses current employee's performance data to predict which candidates have the best chance of being successful in the positions that need to be filled.
The platform does not substitute traditional recruitment and selection methods, but does help to make them more efficient. A study recently published by Harvard Business Review estimates that up to 80% of employee turnovers in companies are caused by failures in the recruitment process. At the same time, the United States Department of Labor points out that, every year, American companies waste up to 30% of their payroll in bad hires. "Our platform protects companies by offering additional indicators and objective information to support the final hiring decision," explains Daniel Knijnik, CEO of Predifit.
When using Predifit platform, hiring managers name their company's top-performers in different areas and positions. These star employees are then invited to answer a series of logical, behavioral and personality tests that consist of more than 150 questions. The platform uses machine learning and data analytics technologies to process the results, revealing each person's behavioral and competency patterns. This data is then used as a point of reference in the hiring process. Prospective candidates undergo similar tests and receive a "Predifit Index". In the end, candidates whose profiles come close to the company's best performers have a better chance of getting the job.
"The tests vary depending on the company's area of expertise and even the job opening. The gathered data is transformed into objective information that can give more consistency to the decision of who should get hired," explains Knijnik.
The platform is 100% online and there is no need for any installation. Just log in, enter the data and start the tests. Once this process is completed, the results are revealed in real-time. As for the cost of the platform, it depends on the number of employees registered by the company. And you can try the service out for free for 60 days using a trial version.
Predifit also helps to improve talent attraction and retention, since it recognizes and values the role of each teams' top performer. "It is an innovative and scientific approach that can improve the success rate of the recruiting and career management processes," says Knijnik.
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SOURCE Predifit Inc