A quality of hire report card is a snapshot in time that delivers a wealth of information about employee performance. That said, it shouldn’t be a static collection of data. A technology-based solution gives companies the power to gather and analyze data on how their employees are doing all the time.
Leveraging a combination of statistical modeling and technology can ultimately demystify the hiring process.
Combining into one place all the intelligence a company knows about a person -- job-relevant skills, knowledge and abilities; personal information; and the job market they are navigating -- creates a robust model for analyzing performance at a much deeper level. Data can be sliced to understand trends. At the same time, companies can examine a specific individual’s performance and compare how employees stack up to begin to understand what qualities drive successful performance.
Using data analytics to evaluate quality of hire isn’t simply about capturing information and spitting back results. Rather, the best systems take data and reveal the company’s story. Answers to questions like “what does it takes to be successful in the job?” and “what type of qualities drive a particular level of performance?” become much clearer when employee progress is measured through the collection and analyzation of meaningful data.