Predictive Hiring is Revolutionizing Recruiting — Here’s How

HR professionals once had to fill roles based mainly on candidates’ education, experience, and interview skills. The rest was left to chance—and gut instincts.

Today, that’s all changed. Organizations have an enormous and ever-growing amount of data about their existing employees, according to HR Technologist. By tracking personal details, education, family background as well as performance, personality, and behaviors, HR departments are now able to precisely define the qualities of a hire who is likely to be successful with their firm.

All of this data has created an entirely new approach to recruitment called predictive hiring. You encounter predictive analytics every day—think of Netflix suggesting a new show based on your viewing history, or Google finishing your query when you start typing. All it is, simply put, is the use of historical data to make predictions.

Now, predictive technology is making life easier for HR professionals as well. The predictive hiring approach is here to stay and impacting the recruitment process in several major ways. Read on for the details.

What Is Changing?

The first and biggest impact of predictive hiring is organizations are now better able than ever before to define their hiring models. In plain English, it means HR can tailor hiring channels and budgets for each specific role they need to fill. An organization can build out an applicant prototype that reflects data it has collected about engagement feedback, attrition data, and employee performance—making the hiring process much more focused.

By better defining exactly who they are searching for, HR can stop looking at non-productive sources of candidates. An organization can stop looking at job boards or recruiting firms that aren’t working, for example, and focus on the sources from which candidates are more likely to be found.

How Is This Approach Helping to Improve Hiring Results?

This approach is helping to improve hiring results by making the entire process faster and more targeted. By speeding up hiring, firms are able to fill roles with apt candidates and even increase overall organizational productivity by recognizing and rewarding top performers.

Tools such as the talent optimization platform from The Predictive Index incorporate insights from talent assessments to predict how a candidate will think and work. The result? A higher likelihood of job fit once a hire is made.

Predictive hiring tools are also cutting down on workload. In fact, the use of predictive analytics in your recruitment process can save an organization up to 23 hours of manual labor a week—the time it takes to shortlist and pre-screen candidates.

Predictive Hiring and the Millennial Generation

Millennial candidates place a premium on maximizing their potential, which is one more reason why predictive hiring is so important. Analytics-based tools help find, foster, retain, and optimize the best people—and help them thrive within their new roles. Not just for hiring, predictive tools can also help managers ensure their direct reports are gaining new skills and progressing in their careers. This results in higher employee engagement and less turnover.

Ready to Get Started?

If your organization is ready to implement predictive hiring and talent assessment but isn’t sure where to begin, it’s time to reach out to Narish International. We can help you build a higher performing team and boost your bottom line.