New Resume Screening and Analytics Technology Boosts Hiring Accuracy and Efficiency
CEB Adds Machine Learning Pioneers and Extends Market-Leading Talent Management Solutions through Sunstone Analytics Acquisition
ARLINGTON, Va., June 17, 2015 /PRNewswire/ -- CEB (NYSE: CEB), the leading member-based advisory company, today announced it will offer new big data-driven resume screening and analytics technology to help clients improve hiring accuracy. The Software as a Service (SaaS) product, developed by Sunstone Analytics and acquired by CEB, will augment CEB's market-leading Talent Management solutions. The machine-learning pioneers behind the offering will join the CEB Talent Management product team to advance the company's commitment to help transform the way companies identify, hire and develop talent.
Through the acquisition, CEB can now equip companies to instantly screen candidates most poised to succeed without any incremental investment of candidates' time. "The addition of this innovative analytics and machine-learning technology is a significant step on CEB's journey to re-invent how companies manage their most critical business asset—their people," said Jesse Levin, head of Corporate Strategy & Development, CEB. "By deploying these tools in combination with our market-leading SHL Talent Measurement™ platform, companies can replace intuition with evidence-based analytics, getting to desired business outcomes faster and with less burden on the applicant."
The product uses advanced analytics and machine learning to analyze the relationship between resume attributes like work experience, education, tenure, and performance to score candidate fit against specified business goals. The machine-learning algorithm identifies which features and phrases are disproportionately associated with high performers and creates a baseline against which all future applicants can be screened and scored. The score helps recruiters improve quality-of-hire while driving down time-to-fill. It also helps them improve business outcomes like retention, performance, and satisfaction while limiting the number of applicants who drop out of the process.
"Companies are no longer forced to choose between the right quality and the right volume of candidates," Levin added. "By combining Sunstone Analytics' resume and application-attribute analytics with our predictive assessment science, CEB is breaking the compromise between selection accuracy and candidate time. We will be unique in our ability to help clients get candidates with the right skills and experience for sustained business impact."
CEB will add the resume screening technology to its expanding Talent Management portfolio within the SHL Talent Measurement product line. In concert with the acquisition, CEB is launching a Predictive Hiring Advisory Board that will enable existing clients to innovate and co-create best practices and processes for predicting hiring success. Working alongside CEB product leaders and data scientists, clients will run test-and-learn experiments in the use of predictive hiring solutions that leverage big data and assessment science.
Ryan Aminzadeh, co-founder of Sunstone Analytics, commented, "The marriage with CEB is a perfect fit for us. The companies not only have shared beliefs around the potential to bring more data and discipline to the hiring process, but also share a similar service ethic and customer orientation. The combination of our assets creates a powerful platform to change the ways that companies make talent decisions."
To learn more about CEB's talent management offerings, visit cebglobal.com
About CEB
CEB, the leading member-based advisory company, equips more than 10,000 organizations around the globe with insights, tools and actionable solutions to transform enterprise performance. By combining advanced research and analytics with best practices from member companies, CEB helps leaders realize outsized returns by more effectively managing talent, information, customers and risk. Member companies include approximately 85% of the Fortune 500, half the Dow Jones Asian Titans, and nearly 85% of the FTSE 100. More at cebglobal.com.
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SOURCE CEB
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