Employers in a pickle
Companies need people who’ll perform highly on tasks, work effectively on teams, and produce strong business outcomes.
This is the goal of every organization, regardless of the specific work arrangement used and irrespective of whether the company hires people into full-time jobs, temp jobs, part-time work, or project-based gigs.
Yet, companies can’t find enough talent because they block the way of talent reaching them.
And when they do find talent and make hiring decisions, hiring success rates are abysmally low, hiring costs are exorbitantly high, precious time goes down the drain, and errors produce ripple effects on the business.
Left to their own devices, corporates would hire graduates with high grades from a small number of selective schools—which, surprisingly to many, is the quickest path to hiring failure.
Not only that, but rampant talent fallacies produce talent blind-spots and make hiring managers prone to talent blindness:
“I can be tricked by anyone who looks like Mark Zuckerberg. There was a guy once who we funded who was terrible. I said: ‘How could he be bad? He looks like Zuckerberg!’” ~ Paul Graham
While hiring is the most critical business function, it’s also the one where companies perform so poorly such that low quality hiring and high human capital churn dampen their business growth and hold back their stock price.
Enter autonomous hiring
We look at hiring as an information problem with two distinct components:
Information acquisition
Information processing
We know what information needs to be gathered. Based on our data, we know that skills provide the most useful and predictive information signals of future workplace success (we also know what information adds noise and introduces bias).
Moreover, we know how it’s best to process that information, and, more specifically, that humans underperform machines when it comes to processing such information (we also know that, as humans, we tend to not even recognize our own limitations).
What does this mean?
We’re entering the age of autonomous hiring where advanced digital technology, made accessible to everyone, anywhere and anytime over smartphones, enables us to acquire skills signals and process them in real time to discover potential matches and produce superior hiring of talent into a wide range of work arrangements.
We’d love to hear from you at business@knackapp.com
Learn more at www.knackapp.com