Machines are better than Humans at hiring the best Employees
Talent management teams are increasingly grappling with the oddity of reducing employee attrition across industries. For this a business research project was commissioned and executed by the National Bureau of Economic Research (NBER) to look into ways to improve the equation. It was found that contrary to popular perception, computers are better at hiring employees than humans. A sophisticated algorithm has been designed which judges applicants based on numerous parameters and ranks them. Indeed the ones adjudged to be better as per the algorithm proved better hires. This is especially true for low-skill jobs such as data entry or tele-calling.