As technology advances, so does pressures from competitors. Regardless of what industry your business is in, your competitors are constantly looking for ways to gain more market share and increase their revenues. You have to do the same to remain competitive. The process starts by hiring the right employees.
You need employees that will help you usher your business into the new, innovative state of business. But, how do you do that? You use big data to help you find the right employees.
What Is Big Data?
Today, we process so much data that we have to create new words to capture how much data is processed. It’s enormous. Google processes 20 petabytes of data every day. Facebook processes 500 TB of data each day. Although your business doesn’t process as much data, you certainly process more data than you once ever conceived.
Big data doesn’t refer to the size of the data you process, but how you manipulate that data. It is the science of analyzing large data sets computationally to assess trends and patterns that can benefit your business. It is most helpful when analyzing human behaviors.
Big Data and the Hiring Process
In recent years, both Xerox and Google have used big data to decrease their employee turnover rate. They leveraged the data they have about job candidates to help them select the candidate that was the best fit for their organization. Guess what? It worked.
Personality tests, IQ tests, and skills tests are great tools to help weed out job candidates, but the data generated by these hiring tools aren’t enough alone. By using big data, you can analyze how long a job candidate will remain with your organization by analyzing their resume. With the aid of big data, your business can weed out individuals who don’t meet predetermined thresholds, allowing your human resource representatives to only interview candidates that will be a good fit. Then, you can use the skills aptitude tests and IQ tests to reduce the pool of applicant’s further to help with the interviews and hiring decisions. Within your hiring process, you can use a number of algorithms that assess data from around the United States to ensure you choose the candidate that is the best fit for your organization.
Screening Intelligence understands the power of big data, as our name implies. We encourage you to give us a call or visit our employment screening background checks website to learn more about what our company can do for your background screening process.
Disclaimer Statement: All information presented is never intended as legal advice and is for information purposes only.