Why 10x Predict?

What do you think when you see the word ‘algorithm’? There have been recent controversies involving the algorithm originally used to award UK students their 2020 GCSE and A-level grades, causing widespread concern and disappointment; the problem stemming from the algorithm taking into account postcodes over teachers’ gradings. And then there are the social media algorithms which are reportedly taking over the world. However, the outcome of any algorithm depends on its intended use and the choice of data to be included. Algorithms are certainly not all bad or something to be necessarily suspicious of. In fact, they are partly responsible for the rise in popularity of machine learning and artificial intelligence. Over the past few years machine learning and AI has contributed significant advances in several industries, including health care, transport, and financial services. Now 10x Psychology is combining machine learning with psychometrics.

Take a moment to think about what – in your teams specifically – constitutes good performance? What are the actual chances of hiring a truly exceptional performer? Why are some individuals considered top talent in one organization, but not in another? Tackling these questions is quite complicated. We are not just talking about person-environment fit, we are talking about statistically predicting how well a candidate would perform within your company specifically. This is the issue our CEO, Oliver, often faced himself as an HR Director, which is why we created 10x Predict® to help you answer those crucial talent acquisition questions.

We wanted to know what we could do to help organizations find their ‘top talent’, knowing this depends on what good looks like to those individual organizations. 10x Predict® combines machine learning with the latest data analysis techniques to enable you to make hiring decisions based on what good looks like in your organization.

Using nearest neighbor analysis, 10x Predict® samples your organization, identifies the performance profile to compare your candidates against – helping you find an exceptional candidate for your organization. You can see all this information in our dashboard, which uses a likelihood model to show each candidate’s potential performance for you. Though simple data visualizations we inform you of the best candidates to support your interview process. We do not, however, tell you who to hire. Our solution calculates who has the most chance of being the best. Ultimately the choice is still in the hands of the hiring manager – our aim is to augment, not automate, the hiring process. Our embedded insights and team of psychologists are also there to support you along the way.

The real elegance of this solution lies with the long-term predictive analytics. As the solution is fed more data over time, the results are honed to your team or company. 10x Predict® can therefore give insight into what early development would be beneficial for new hires, as well as providing potential promotion rates and length of service. This additional layer of prediction does not form part of the hiring decision but provides extra intelligence for the onboarding process, increasing the likelihood of your new hire’s success. 10x Predict® truly is the future of psychometrics.

Contact us to book a demo, and see 10x Predict® in action.

 

10x Predict Predictive Analytics Solution

 

Why 10x Predict?

What do you think when you see the word ‘algorithm’? There have been recent controversies involving the algorithm originally used to award UK students their 2020 GCSE and A-level grades, causing widespread concern and disappointment; the problem stemming from the algorithm taking into account postcodes over teachers’ gradings. And then there are the social media algorithms which are reportedly taking over the world. However, the outcome of any algorithm depends on its intended use and the choice of data to be included. Algorithms are certainly not all bad or something to be necessarily suspicious of. In fact, they are partly responsible for the rise in popularity of machine learning and artificial intelligence. Over the past few years machine learning and AI has contributed significant advances in several industries, including health care, transport, and financial services. Now 10x Psychology is combining machine learning with psychometrics.

Take a moment to think about what – in your teams specifically – constitutes good performance? What are the actual chances of hiring a truly exceptional performer? Why are some individuals considered top talent in one organization, but not in another? Tackling these questions is quite complicated. We are not just talking about person-environment fit, we are talking about statistically predicting how well a candidate would perform within your company specifically. This is the issue our CEO, Oliver, often faced himself as an HR Director, which is why we created 10x predict® to help you answer those crucial talent acquisition questions.

We wanted to know what we could do to help organizations find their ‘top talent’, knowing this depends on what good looks like to those individual organizations. 10x predict® combines machine learning with the latest data analysis techniques to enable you to make hiring decisions based on what good looks like in your organization.

Using nearest neighbor analysis, 10x predict® samples your organization, identifies the performance profile to compare your candidates against – helping you find an exceptional candidate for your organization. You can see all this information in our dashboard, which uses a likelihood model to show each candidate’s potential performance for you. Though simple data visualizations we inform you of the best candidates to support your interview process. We do not, however, tell you who to hire. Our solution calculates who has the most chance of being the best. Ultimately the choice is still in the hands of the hiring manager – our aim is to augment, not automate, the hiring process. Our embedded insights and team of psychologists are also there to support you along the way.

The real elegance of this solution lies with the long-term predictive analytics. As the solution is fed more data over time, the results are honed to your team or company. 10x predict® can therefore give insight into what early development would be beneficial for new hires, as well as providing potential promotion rates and length of service. This additional layer of prediction does not form part of the hiring decision but provides extra intelligence for the onboarding process, increasing the likelihood of your new hire’s success. 10x predict® truly is the future of psychometrics.

Contact us to book a demo, and see 10x predict® in action.

 

10x Predict Predictive Analytics Solution

 

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