Hiring and retaining top talent keeps getting harder. Bad hires, however, are easy to make and they impact businesses at many levels, from productivity decrease to reputation damage and high turnover rates, companies have a lot more to lose besides money.
Also very often, hiring managers end up looking bad in the picture due to the impact bad hires have on the organization. As such, it is crucial to stop using traditional, gut feeling-based recruiting and selection methods which leave hiring decisions up to chance.
When it comes to getting the right talent in the right roles, traditional hiring methods are not good enough, anymore. Hiring managers and recruiters need to push further, and using a data-driven hiring strategy can definitely improve decision making and help onboard the best talent in a faster and more efficient way. As bringing in a new hire is always a risk, any tool that helps identify a better hiring decision is essential, and HireSense technology offers the best approach to improve and boost talent acquisition.
What is HireSense?
HireSense is a recruiting technology that uses data and analytics to improve recruitment outcomes by recommending best-fit candidates to recruiters and hiring managers.
While traditional hiring practices are often based on brief resume screenings and the recruiter's gut-feeling during interviews, HireSense leverages historical data, statistical algorithms and machine learning techniques to identify the likelihood of future outcomes. The goal is to go beyond knowing what has happened to providing a best assessment of what will happen in the future. Meaning, allowing us to make predictions about candidates and improve the talent acquisition process through data-driven decision making.
Leveraging a Predictive Hiring Approach
Given the weak correlation between previous work experience and future job performance, hiring managers should recognize and harness the power of data in the selection process through a predictive hiring approach. HireSense uses data and analytics to make better informed hiring decisions instead of relying on intuition or gut feeling which most often ends up leading to a poorly skilled and not so diverse workforce.
Previous experience alone won’t tell hiring managers how well a candidate will perform on the job; how the candidate will behave in the workplace; or what drives the candidate. That's why assessing your candidates’ personality, motivation and critical thinking ability is essential to determine whether they’ll succeed and thrive in a position and find the right person for the job.