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...

  Peter Salovey and John D. Mayer (1990), were the ones who coined the term emotional intelligence and defined it as "the subset of social intelligence that involves the ability to monitor one's own and others' feelings and emotions, to discriminate among them and to use this information to guide one's thinking and actions.” In 1998, Daniel Goleman, in his bestseller defined emotional intelligence 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. Emotional intelligence describes abilities distinct from, but complementary to, academic intelligence or the purely cognitive capacities measured by IQ.”  In his book, Emotional Intelligence: Why it can Matter More Than IQ, he defined emotional intelligence as “abilities such as being able to motivate oneself and persist in the face of frustrations; to regulate one’s moods and keep distress from swamping the abi...

What is Cognitive Ability? The word Cognition is defined as the mental processes or mental activities which are associated with thought, language, reasoning, decision-making, and other mental processes. General cognitive ability is the “ability that consistently differentiates individuals on mental abilities regardless of the cognitive task or test” (Jensen, 1998). General cognitive ability is often referred to as general intelligence, general mental ability or aptitude. This general intelligence is also known as g factor and is a construct made up of different cognitive abilities. It is what is common or underlies all mental abilities or skills such as those related to spatial, verbal, numerical and mechanical abilities. Certain components of general intelligence include fluid reasoning, knowledge, quantitative reasoning, visual-spatial reasoning, and working memory. Similarly, cognitive ability has also been defined as “general mental capability involving reasoning, problem solving, ...