PHD has been researching, developing and applying innovative,
quantitative solutions for hiring, succession planning
and performance improvement for
more than 12 years. PHD operates in the HR
marketplace as a predictive analytics provider, but
is easily distinguished from nearly all others in
this
space
by providing
client
organizations with the means to develop
customized, predictive performance
models, or benchmarks, for almost any position and
a variety of strategic applications: e.g., applicant
pre-screening, selection confirmation, succession planning,
turnover
reduction, performance improvement, risk management,
performance tracking
and employee career development.
These predictive analytics are designed to help business
owners, executives, and HR professionals be strategic
in their management
of their human capital assets. Using these tools, it
is possible to learn what's next or needed, now. It
is possible to target specific instances of risk (e.g.,
accident rates; turnover; conflict) and identify &/or
re-deploy people who are not predisposed to such tendencies.
It is also possible to target performance levels in
a position and use
predictive analytics to select &/or redeploy people
who possess the competencies that were identified as
being necessary for the desired level of performance.
PHD recognizes that most organizations have unique
employee and performance requirements. Many take great
pains to
build a distinctive, best-in-class workforce. We strongly
believe, therefore, that generic, one-size-fits-all
screening and testing approaches cannot
possibly address an organization's unique concerns,
nor provide it with decision-making tools offering
the highest predictive accuracy possible. Many established
assessment
companies, for example,
seek to convey credibility by touting their use
of decades-old "norms" containing millions
of survey
respondents. While such tools may sound impressive,
they may be of little relevance to organizations with
specific
hiring
and performance concerns.
When relevance is questionable, the predictive accuracy
of assessments will be limited. Accuracy will also
be compromised if a tool's predictors are not linked
in any way with important, company-specific job or
performance
outcomes.
PHD's data-based decision making tools and predictive
analytics are designed to be 100% relevant to an organization's
hiring
and
performance improvement needs. Predictive benchmarks
are created by surveying actual employees in a position
targeted
for improvement. Behavioral and other relevant competency
data are then linked directly to specific performance
outcomes or
standards
specified
by the organization. In addition, an organization
may have the predictive accuracy of its models
validated before use which also permits a calculation
of expected ROI.
PHD's use of actual client workforce data and its ability
to customize hiring solutions for specific
and unique concerns
assures clients that they are using one of the most
statistically accurate, fair, evidence-based and legally
defensible systems currently available. PHD hiring
and performance management solutions are used by very
small
organizations to very large, Fortune 1000 firms. Company-specific
applications have been developed for nearly all major
industries.
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