Predictive Index® India, Talent Optimization

  Predictive Analytics: The CEO’s Tool for Reducing Attrition Costs Attrition is a significant challenge for organizations, leading to substantial costs related to hiring, training, and lost productivity. For a 300-employee organization with a current attrition rate of 25%, this translates to losing 75 employees annually. The cost of replacing each employee, including recruitment, onboarding, and training, can be approximately 30% of their annual salary. If the average salary is ₹6,00,000, this results in an attrition cost of ₹1.35 crores per year. Predictive behavioral and cognitive analytics offer a robust solution to this issue. By utilizing tools such as the Predictive Index (PI), organizations can gain deeper insights into the behavioral drives and cognitive abilities of their employees. This data helps in creating more accurate job descriptions, aligning candidates' natural behaviors and cognitive strengths with job requirements. For instance, if the analytics reveal that top...

  Daniel Goleman (1998), author of the bestseller, Emotional Intelligence: Why it can Matter More Than IQ, defined emotional intelligence, commonly called EQ (Emotional Quotient), as “the capacity for recognizing our own feelings and those of others, for motivating ourselves, and for managing emotions well in ourselves and in our relationships.” According to Salovey and Mayer (1990), “emotional intelligence is a set of skills that are thought to contribute to the appraisal of emotions in oneself and others. It can also help contribute to the effective regulation of emotions as well as feelings”.  How Components of EQ Aid Teamwork? Teamwork is a collaborative and collective effort of a particular group towards achieving a common goal or completing some task in an effective manner. It has some important aspects such as cooperation, coordination, communication and interdependence. All these aspects are influenced by an underlying dimension or factor – emotional intelligence of th...

Laszlo Bock, V. P Talent-Google, mentions in his book – ‘Work Rules’ that general cognitive ability is one of the top most parameter that they look for in a candidate while hiring at Google. The reason they do so is, he says, is that cognitive ability is one of the best indicator of performance for a given job role.  So what exactly do we mean by cognitive ability? Is it same as IQ? Well, very simply put, cognitive ability is the ability and speed of learn new things. A person with higher cognitive ability can learn the new things faster than the one with the lower cognitive ability score. For example, think of cognitive assessment as a tool to test the processing speed of a computer. Some computers can have higher processing speeds and some lower.  But the question that comes to the mind is, why is it so important to determine the learning agility of a person through cognitive ability test? One of the main reasons is that, the cognitive ability or learning agility of a person...

  Importance of Psychometric Assessments for Hiring The usual process of hiring an employee to work at a company is quite familiar. This old convention begins with the publishing of a job description to attract potential candidates, after which the pool of applicants is rigorously screened to single out qualifications and traits that would be helpful for the job. There may be a selection committee that determines the proficiency level and past experience of a candidate, after which the lucky worker is scouted and hired. But can one gauge the finer aspects of a candidate’s workstyle and ethic solely based off of an interview and screening process? The answer to that dilemma is a psychometric test. What is a psychometric test? Psychometrics is the field of social sciences concerned with the study of psychological measurement. It can be used to measure one’s knowledge, abilities, personality traits and other attributes. A psychometric test hence provides clarity about one’s cognitive ...