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Predictive Modeling 101: Turning HR into Hero of the Business


big-data-1667212_1920As an HR leader, when you hear predictive modeling, what do you think of? Does it sound like a term that belongs in marketing or finance? Does your skin crawl at the idea of getting into math and statistics?

While it’s much easier to maintain the status quo and keep doing things as they’ve always been done, by doing nothing you’re actually doing both your HR department and your entire organization a huge disservice.

Truth is, predictive modeling is not that scary and could help impact real business results giving you huge visibility. As Talent Analytics CEO Greta Roberts said, “predictive analytics won’t just get HR a seat at the table. HR will run the table.” Does that sound appealing? Great, keep reading, it gets better!

Predictive Modeling 101
First, a quick refresher on what we’re talking about when we say model. This is simply a way of replicating the people that are good at their job in various roles across the company, like sales, customer service or other key areas. A predictive model predicts which candidate or employee will be successful in a given role and which will not be as successful.

Predictive analytics has a recursive loop, which means as employees enter and leave the organization, data is fed into the predictive models. They learn and become even more accurate in their predictions. By getting smarter, the business reduces cost of hiring, training and on-boarding new employees. With less employee attrition and increased performance HR becomes a Hero to the business!

Next Steps
Learn more about How to take a First Step towards Predictive Modeling and then get in touch with us and we’ll be happy to walk you through the process. We can’t wait to show you how!

 




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One Response to “Predictive Modeling 101: Turning HR into Hero of the Business”

  1. mohammed Says:

    October 18th, 2015 at 10:46 am

    Hello,

    I am Product architect at officekit, we are providing HRMS solutions to our customers, i would like to implement predictive talent analytics into our offerings, how can you support us for same

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