eBook – OutMatch https://outmatch.com Hiring, Keeping, and Developing Great Employees Thu, 19 Apr 2018 15:12:24 +0000 en-US hourly 1 https://wordpress.org/?v=4.9.5 3 Reasons Why HR Should Embrace Predictive Analytics https://outmatch.com/3-reasons-hr-embrace-predictive-analytics/ Thu, 18 Jan 2018 03:17:43 +0000 https://outmatch.com/?p=19944 Predictive analytics is top-of-mind for business leaders everywhere, and for good reason. It’s transforming the way that businesses operate, and it’s applications are practically limitless. Organizations of all kinds, from finance and healthcare to retail and marketing, are finding new…

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Predictive analytics is top-of-mind for business leaders everywhere, and for good reason. It’s transforming the way that businesses operate, and it’s applications are practically limitless.

Organizations of all kinds, from finance and healthcare to retail and marketing, are finding new and innovative uses for predictive analytics. It’s time for HR to catch up. Here are the three top reasons to move predictive analytics to your must-have list this year.

1. Drive superior decision-making.

Predicting trends and future events has always been the holy grail of business success. Predict the future, and you’ll know which products will be in highest demand and which solutions will be most successful, you’ll know when you’re going to experience shortages and surpluses, and you’ll know which opportunities to purse and risks to avoid.

Predictive analytics brings precision and accuracy to your predictions like never before. With big data and predictive algorithms and your fingers tips, you’ll be better positioned to predict employee performance, turnover risk, or any of the key metrics that impact your bottom line.

2. Shift your strategy from reactive to proactive.

Why report last year’s numbers when you can report next year’s numbers? Predictive analytics provides a vantage point that’s far superior to basic, or even advanced reporting.

For example, you probably report your organization’s annual turnover rate. With predictive analytics, you can predict and prepare for turnover and talent shortages. Not only that, you can also avoid turnover by calculating turnover risk in order to avoid hiring high-risk candidates, and to better retain high-value employees.

3. Stay ahead of your competition.

Predictive analytics has become the gold standard in business intelligence, and early adopters are already reaping the rewards. In the retail space, companies like Whole Foods are quickly adopting this data-focused model to keep up with competitors like Kroger, which uses predictive analytics to power its best-in-class loyalty program and drive impressive same-store sales growth and market share gains.

For HR leaders, the competition is for talent. But it’s also within your own company, to prove yourself capable of the strategic visioning and problem solving that C-suite leaders have come to expect from HR.

Here’s what Josh Bersin had to say about it in last year’s Deloitte report on HR Technology Disruptions for 2017:

The reality is, companies should double down on their investments in analytics and pay serious attention to this area… Companies that don’t are likely to be disrupted by competitors that do.”

For more insight on how predictive analytics is different from the data analysis you do already, and how you can start driving results using predictive analytics, download our eBook: The Essential Guide to Predictive Talent Analytics. Or, watch our webinar: The Future of HR: How Predictive Analytics is Changing the Game in 2018.

 

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You’re Investing in HR Tech. But Is It Delivering? https://outmatch.com/whats-missing-hr-execs-arsenal-predictive-analytics/ Mon, 02 Oct 2017 17:05:30 +0000 https://outmatch.com/?p=18915 HR professionals are hungry for predictive analytics to help them hire and develop better employees—but only one in three have access. That’s what we learned from a nationwide survey of more than 175 HR professionals across 30 industries. According to the…

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HR professionals are hungry for predictive analytics to help them hire and develop better employees—but only one in three have access.

That’s what we learned from a nationwide survey of more than 175 HR professionals across 30 industries. According to the survey, 95% of HR professionals say access to analytics that predict candidate performance and on-the-job success would be helpful, and 63% say they invest in new technology to improve employee selection and retention. But only 35% currently have access to data and analytics during the hiring process.

So they’re investing in new technology, but it’s not delivering data and analytics—and that’s a problem. Here’s what OutMatch CEO Greg Moran has to say about this alarming gap in HR analytics:

HR executives are speaking loudly and with one voice: there is a better way to hire, and it starts with predictive analytics. Since hiring and employee development are critical factors in business success, companies that seize the opportunity to inject data into the process will reap the benefits of increased productivity, satisfied customers, and higher revenue.”

Get more insights from the HR Technology and Analytics survey, or download the eBook for the full results.

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7 Reasons to Use Virtual Leadership Simulations https://outmatch.com/7-reasons-use-virtual-leadership-simulations/ https://outmatch.com/7-reasons-use-virtual-leadership-simulations/#comments_reply Wed, 18 Jan 2017 14:00:16 +0000 https://outmatch.com/?p=14481 Decisions about succession and leadership are the most important decisions you can make for your organization. Are you ABSOLUTELY SURE you’re putting the right people in charge? In this eBook, find out how new technology can help with critical leadership decisions.

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Decisions about succession and leadership are the most important decisions you can make for your organization. Are you ABSOLUTELY SURE you’re putting the right people in charge? In this eBook, find out how new technology can help with critical leadership decisions.

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7 Competencies for a Strong C-Suite https://outmatch.com/7-competencies-strong-c-suite/ https://outmatch.com/7-competencies-strong-c-suite/#comments_reply Wed, 11 Jan 2017 14:00:26 +0000 https://outmatch.com/?p=14413 The stakes are high at the leadership level, and decisions about who makes it to the c-suite can lead your company to great prosperity—or great failure. In this ebook, find out what separates the most successful senior leaders from other…

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The stakes are high at the leadership level, and decisions about who makes it to the c-suite can lead your company to great prosperity—or great failure. In this ebook, find out what separates the most successful senior leaders from other high potentials in your pipeline.

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8 Hiring Metrics You Should Be Measuring https://outmatch.com/8-hiring-metrics-measuring/ https://outmatch.com/8-hiring-metrics-measuring/#comments_reply Wed, 21 Dec 2016 15:00:48 +0000 https://outmatch.com/?p=14368 As great as it would be to measure absolutely EVERYTHING related to talent, in the real world, we have to be strategic with our resources. When it comes to hiring analytics, some metrics are more impactful than others. Which ones? Find out in…

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As great as it would be to measure absolutely EVERYTHING related to talent, in the real world, we have to be strategic with our resources. When it comes to hiring analytics, some metrics are more impactful than others. Which ones? Find out in this ebook:

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Top Trends for HR: Get Agile & Innovative in 2017 https://outmatch.com/top-trends-hr-get-agile-innovative-2017/ https://outmatch.com/top-trends-hr-get-agile-innovative-2017/#comments_reply Tue, 20 Dec 2016 17:49:52 +0000 https://outmatch.com/?p=14370 The new year is quickly approaching, and there’s a lot to look forward to in the busy world of HR. For tips on getting more agile and innovative in 2017, check out these top trends:

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The new year is quickly approaching, and there’s a lot to look forward to in the busy world of HR. For tips on getting more agile and innovative in 2017, check out these top trends:

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How to Make Recruiting Work for Everyone https://outmatch.com/make-recruiting-work-everyone/ https://outmatch.com/make-recruiting-work-everyone/#comments_reply Mon, 05 Dec 2016 15:00:37 +0000 https://outmatch.com/?p=14284 According to iCIMS Hiring Insights, 77% of hiring managers say that recruiters’ candidate screening is inadequate. Yikes! Why aren’t candidates getting the manager’s stamp of approval? Take a hard look at your recruiting process, and use this ebook as your…

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According to iCIMS Hiring Insights, 77% of hiring managers say that recruiters’ candidate screening is inadequate. Yikes!

Why aren’t candidates getting the manager’s stamp of approval? Take a hard look at your recruiting process, and use this ebook as your guide to smarter hiring.

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Pop Quiz: How Much Do You Really Know about Reference Checking? https://outmatch.com/6-things-about-reference-checking/ https://outmatch.com/6-things-about-reference-checking/#comments_reply Fri, 26 Aug 2016 14:50:05 +0000 https://outmatch.com/?p=13792 True or false? Reference checks and background checks are basically the same thing. Candidates usually tell the truth on resumes and job applications. Employers can be sued for saying something negative about a former employee. Want to know what’s what…

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True or false?

  • Reference checks and background checks are basically the same thing.
  • Candidates usually tell the truth on resumes and job applications.
  • Employers can be sued for saying something negative about a former employee.

Want to know what’s what when it comes to reference checking? Our new eBook will help you separate fact from fiction. You’ll also learn how to boost reference response rates, get better insight on candidates, and fuel your talent pipeline.

6 Things You Didn't Know about Reference Checking eBook cover

 

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