Posted by January 30, 2024.on
While talking with current and potential clients as we kick off 2024, Artificial Intelligence (AI) is the hot topic of conversation. Organizations are all clamoring “How do we engage and incorporate AI into our company to keep up and/or surpass our competitors?”
In addition, the current job market is in a real state of flux. A recent study conducted by LinkedIn suggests that 85% of employees in the United States are looking for or are considering a job switch. That’s right, 85% of employees are actively considering a new job! Interestingly, coming out of the pandemic there were 5 available jobs for every person looking. Today, the unemployment rate is 3.8% and there are now only two jobs for every employee looking for a job. With so many people looking for a new role, the available jobs will be very competitive as organizations look to upgrade their talent by optimizing skills, experience and job fit within their organization.
So now the question posed, “How might we take advantage of AI and optimize our recruiting process to upgrade the talent we bring into our organization?”
The answer is the Profiles Incorporated PXT Select Talent Management technology. In 2014, Profiles International was acquired by a $2 Billion publishing company J.A. Wiley and Sons. Over a 3-year period, Wiley invested heavily into the Profiles assessment technology. This resulted in the launch of the PXT Select in 2017. This Talent Management technology incorporated adaptive testing, or Artificial Intelligence, into its psychometric formula. We were the first technology to incorporate this type of science into our PXT Select to create a talent management system to support an organization’s recruiting, on-boarding, coaching and development efforts. This adaptive testing provides two very important advantages:
- The online experience was shortened as the AI allowed the PXT Select science to make a quicker assessment decision about where an individual scored.
- The actual PXT Select results from a validity and reliability standpoint improved in their accuracy.
In a nutshell, less time online to take the PXT Select questionnaire with more accurate results.
Now, as you think about upgrading the talent in your organization with all the people thinking about a new job, why not use the Profiles PXT Select to optimize your talent selections? As you validate your candidates’ skills and experience via the interview process, the PXT Select will provide job fit percentages to tell you how these candidates will deliver those skills and experiences to your internal and external customers to optimize their actual fit in your company. Not all highly skilled and experienced individuals “fit” in all companies. The better the job fit, the more likely that person will perform their role at a high level. Once hired, the PXT Select variety of reports can support the on-boarding, coaching and development efforts creating a true Talent Management System. One study suggests Job Fit data can reduce turnover between 25% – 81% and increase productivity by 30% – 112%.
Contact Profiles, Inc today so we can provide your organization access to the PXT Select, which incorporates the latest science with adaptive testing (AI) and optimize your company’s ability to take advantage of the talent available in todays employment marketplace.