Prescriptive Analytics are suggested decisions based on the results of predictive analytics. In other words, the hiring or strategy recommendations that a talent acquisition team receives from their predictive analytics technology. This is most often associated with hire/do not hire suggestions, however prescriptive analytics can help guide talent acquisition teams in many of the decisions that lead up to offers. For example, prescriptive analytics can guide job ad placements for a better return on investment. Once applicants enter the pipeline, prescriptive analytics can quickly identify which are most closely suited to be interviewed as candidates.
DID YOU KNOW: The scoring methods from your hiring managers and recruiters build are critical to receiving accurate prescriptive analytics.
In many cases, the recommendations from these tools are instantaneous. The company or organization creates filters and parameters around the desired result for the technology to score input and build suggestions from. In the case of talent acquisition, the hiring team develops parameters based on their desired candidate. Those parameters will guide the data collected in the process and will influence the recommendations the recruiting team receives. These are considered scoring methods and they are critical to receiving accurate prescriptive analytics.Zero in on candidates faster with Predictive Recruiting Scoring! #Machine Learning Tweet This!
It’s important to note that predictive and prescriptive analytics are only tools for recruiters to use. At the end of the day, the decisions of an experienced and trained human can only be supported by data. Machine intelligence enhances recruiting, it doesn’t step in the shoes of or make the hiring decisions for professionals.
The future is here and it’s making hiring a whole lot smarter. With Predictive Recruiting Scoring and analytics, organizations can improve everything from the candidate experience to overall company performance. Download our eBook The Future of Hiring: Predictive Recruiting Scoring & Analytics!