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By reviewing historical hiring data and job performance metrics, AI can predict which candidate profiles are most likely to succeed in specific roles, enhancing the quality of hires. AI in Employee Engagement and Retention AI-Powered Employee Engagement Surveys Employee engagement is a critical factor in retention.
Reduces turnover rates During the candidate screening, you assess the qualifications, character, and work style of candidates. Candidates shortlisted in this way better fit the bill, leading to improved employee retention ; as such, candidates are more likely to stay with the company. So you find the best fit faster.
It not only helps to reduce unconscious bias but also improves the overall quality of hires. They however affect the quality of hiring. Higher Retention Rates Hiring and selection processes based purely on merit maximize the probability of landing one who fits the job. This helps in employer branding.
This is an excerpt from our new ebook, Getting Buy-In for Your Employee Story Project, The Ultimate Guide to Employer Branding and Recruitment Marketing ROI. And, how do you quantify the impact your work has on your company’s ability to attract the right talent, time to hire, and retention? Learn more: Download the ebook.
Regardless of how better skilled your external hire may be, they may not know your business as well as the one who has been with you for a while. Harvard notes that CEOs brought in from the outside have an 84% greater chance of turnover than insiders in the first 3 years, usually for poor performance.
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