The manager’s dilemma: Hiring is the most important thing you’ll do, but has the least predictable outcome.
First and foremost, we need to address that hiring is not an exact science; it is more of an art. No amount of technology can ever predict a “perfect hire.” A perfect hire is something that can only be achieved once you are able to measure a new employee’s production and their impact on the business. Past experience does not guarantee future success and the combination of variables in the personal and professional lives of candidates change so rapidly that no system can ever match an employer with a perfect hire.
Technology can however, provide support to a manger by analyzing candidates on attributes that can’t be gleaned with a simple manual resume review process. Understanding how candidate resumes relate to job openings on a deep level can allow for more informed decisions. A manager’s true objective in the hiring process should be to make the best possible decision on the given set of candidates and then move on as quickly as possible. Even if the end result is not ideal, there is power in knowing that every potential candidate was analyzed in great depth.
With all the technological advancements and tools available today, it is amazing that managers admit 20% of their team shouldn’t have been hired in the first place, employee turnover costs U.S. businesses an estimated $300 billion, and that 80% of employee turnover is due to bad hiring decisions. What the industry has not focused on is helping managers and the HR teams to make better decisions on the candidates they are presented with.
Our customers have recognized the benefits of sound decision-making and I encourage you to take a look at what the Vettd scoring system can offer. We’re not telling you specifically who to hire, we’re just doing some of the legwork for you.
One of the biggest economic data challenges of our time is this: How can organizations be more competitive by better levering technology to identifying skill gaps and star talent to fill them?
Vettd recognized how this challenge creates massive inefficiencies throughout the HR process. Only by understanding the true value of applicants and employees, at scale, can talent management ever be aligned with the goals of the organization.
We founded Vettd to solve this problem using artificial intelligence. Our talent classification approach quickly distinguishes star talent qualities that are impossible for humans to recognize. By leveraging deep learning applied to natural language processing, we can help organizations interpret masses of profiles and understand the value of individuals.
Vettd’s AI-driven talent classification is a quantum leap improvement in the human resource decisions that will affect the future of your organization.