SHRM found that 75% of HR professionals reported skill gaps in job candidates. 20% of employees leave within their first 45 days. 50% of new hires are judged to be unsuccessful after 18 months. As companies look to improve these results, data-driven hiring solutions are making all the difference such as predictive analytics in hiring.
Yet, most organizations are either using old-school descriptive metrics, such as cost-per-hire and time-to-fill, or not using analytics at all. And only 5% of firms polled believe their tactics are “best in class.” Science and technology has the power to better all aspects of recruiting, from ensuring fairness and performance outcomes to automating workflow and reducing costs.
