A predictive index (PI) is a tool used by employers to help them determine which applicants are the best fit for a job. The predictive index measures a variety of factors, including personality, intelligence, and work-related skills, in order to create a profile of each applicant. This profile can then be used to predict how well the applicant will perform in the job.
Employers have been using predictive indexes to assess the potential success of employees in particular jobs for many years. There are a number of benefits to using a predictive index in the hiring process. First, a predictive index can help identify the best candidates for a job. The index measures factors such as personality, skills, and motivation that are related to success in a particular role. This can help employers save time and money by not hiring candidates who are not a good fit for the job.
Second, a predictive index can help employers identify candidates who are likely to be a long-term fit for the organization. The index measures personality traits that are stable over time, such as conscientiousness and agreeableness. This can help employers reduce turnover and save money on training costs.
Finally, a predictive index can help employers identify candidates who are likely to be high performers. The index measures factors such as motivation and skill level, which are related to job performance. This can help employers identify candidates who are likely to be successful in the role and save money on training costs.
There are a number of reasons why companies need a predictive index. One reason is that a predictive index can help identify employees who may be at risk for turnover. This is important for companies because it can help them to identify and address potential issues before they lead to employees quitting. Another reason why companies need a predictive index is because it can help them to identify employees who are high performers. This is important because it can help companies to ensure that they are doing everything possible to keep their high performers happy and engaged. Additionally, a predictive index can help companies to identify employees who are likely to be promoted in the future. This is important because it can help companies to ensure that they are providing employees with the necessary development opportunities to ensure that they are promoted.
There is no one definitive way to create a predictive index, but there are a few key steps that are typically involved. First, an organization will need to gather data on how employees have performed in the past. This data can be used to create a model that can predict how employees are likely to perform in the future. Once this model is created, the organization can use it to score employees on how likely they are to succeed in their role. This score can then be used to make decisions about who to hire, promote, or fire.