SlideShare a Scribd company logo
1 of 13
Download to read offline
How Socrates’ Advice Leads to Strategic Hiring
Image attribution: By Kedumuc10 (Own work)
[CC BY-SA 4.0 (http://creativecommons.org/licenses/by-
sa/4.0)], via Wikimedia Commons
By Dr. Theophano Mitsa
Decisions, Decisions..
• Your hiring budget is approved!!
• Great. Now, how do you find the RIGHT
candidates (WITHOUT spending too much
money, time, and effort?)
Eureka!
• Suddenly, you remember the great problem solver, Socrates:
What would Socrates do? Know ThySelf!
• Know your Company: Fully understand your company’s strategic
goals, using key business performance metrics, and hire
accordingly. Continuously update this knowledge.
Introducing AIMS:
An Intelligent Decision Support System
for Personnel Hiring and Inter-
Connected Strategic Business
Evolution
UMass-Dartmouth and Aretisoft, LLC
AIMS: Agile, Intelligent, Measurable, Semantic
Hiring Decision Support
Agile Intelligent
Measurable Semantic
AIMS-LOOP
• Part of AIMS is AIMS-LOOP, a module that, through the use of
machine learning, AI, and coarse/fine grained correlation analysis of
hiring practices and business performance measures in an ongoing
loop, continuously improves hiring practices, by aligning them with
customer needs and strategic business goals.
• AIMS-LOOP can be added to any existing hiring system and will be
the focus of this presentation.
Hiring Practices Definition
• Hiring Activity, such as number of positions open, positions filled,
positions left unfilled.
• Hiring Criteria, i.e., job qualifications. Examples include years of
experience, level of education.
• Skill questions: skill-related questions asked at interview time.
Business Metrics Employed by AIMS-LOOP
• Key performance indicators (KPIs). These can indicate:
1. Financial performance (i.e., net profit)
2. Customer relations (i.e., customer retention rate)
3. Market performance (i.e., market share)
5. Operational performance (i.e., time to market)
6. Employee relations (i.e., employee churn rate)
• Employee review ratings.
AIMS-LOOP
Hiring practices Business metrics
Machine Learning, AI, and coarse & fine-grained correlation
analysis
Improved hiring practices
AIMS-LOOP Employs Coarse and Fine-Grained Business
Metrics
• Fine-Grained Business Metrics: These are computed at individual
employee level, such as employee review rating and number of
sales.
• Coarse-Grained Business Metrics: These are computed at an
aggregate level, such as company division. For example, number
of defects of a product released by a specific company division.
Examples of Improvement of Hiring Practices
• Identification of hiring criteria common among high-value
employees.
• Identification of skill questions that could predict poor
performance.
• Identification of hiring activity indicators that affect business
performance metrics. Examples are: time to hire, number of
enginners recently hired that have 6-sigma certification.
Benefits
Interconnection of Hiring with Business Evolution
• As the company’s strategic goals change, this is reflected in
the business performance metrics and then propagated down
to hiring practices.
Improved Cost Savings
• Only candidates that directly contribute to the strategic
goals of the company will be hired.
Licensing Information
UMass and Aretisoft LLC jointly own a pending U.S. patent application (filed Sept. 27th, 2017,
Patent Application S.N. 15/717,096) claiming this Personnel Hiring System, which is available for
exclusive or non‐exclusive licensing. A more general Decision Support System is covered by US
Patent Nos. 8,244,733. and 8,504,514, which are also available for licensing from UMass.
For more information, please contact:
David J. Glass, Ph.D.
Office of Technology Commercialization and Ventures
University of Massachusetts Dartmouth
UMass office: 508‐910‐9815
Cell: 617‐653‐9945
dglass@umassd.edu

More Related Content

What's hot

HRM OUTSOURCING :MAKE OR BUY DECISION
HRM OUTSOURCING :MAKE OR BUY DECISION HRM OUTSOURCING :MAKE OR BUY DECISION
HRM OUTSOURCING :MAKE OR BUY DECISION lia borsha
 
5 trends dramatically changing workforce management
5 trends dramatically changing workforce management5 trends dramatically changing workforce management
5 trends dramatically changing workforce managementInfor HCM
 
A1 business memo global ops- seb_debasis chakraborty_403503
A1 business memo  global ops- seb_debasis chakraborty_403503A1 business memo  global ops- seb_debasis chakraborty_403503
A1 business memo global ops- seb_debasis chakraborty_403503Debasis Chakraborty
 
HRM Outsourcing - Make or Buy Decision
HRM Outsourcing - Make or Buy DecisionHRM Outsourcing - Make or Buy Decision
HRM Outsourcing - Make or Buy Decisionlia borsha
 
Contingent Workforce Management Benchmark Report
Contingent Workforce Management Benchmark ReportContingent Workforce Management Benchmark Report
Contingent Workforce Management Benchmark ReportCXC Global A/NZ
 
Strategic Workforce Planning: The Key to Organisational Success
Strategic Workforce Planning: The Key to Organisational SuccessStrategic Workforce Planning: The Key to Organisational Success
Strategic Workforce Planning: The Key to Organisational SuccessThe HR Observer
 
How to Build a Business Case for ERP Replatforming
How to Build a Business Case for ERP ReplatformingHow to Build a Business Case for ERP Replatforming
How to Build a Business Case for ERP ReplatformingBlytheco
 
Top talent metrics that HR Managers and CHROs must always keep track of!
Top talent metrics that HR Managers and CHROs must always keep track of!Top talent metrics that HR Managers and CHROs must always keep track of!
Top talent metrics that HR Managers and CHROs must always keep track of!RheinBrücke IT Consulting
 
Tips for Small Business Owners For staying afloat financially during COVID Times
Tips for Small Business Owners For staying afloat financially during COVID TimesTips for Small Business Owners For staying afloat financially during COVID Times
Tips for Small Business Owners For staying afloat financially during COVID TimesWitmer Health | i-calQ | Elado
 
Employee Turnover Solution Using Analytical Techniques
Employee Turnover Solution Using Analytical TechniquesEmployee Turnover Solution Using Analytical Techniques
Employee Turnover Solution Using Analytical TechniquesRajat Seth
 
Leadvise Workforce Management Excellence
Leadvise Workforce Management ExcellenceLeadvise Workforce Management Excellence
Leadvise Workforce Management ExcellenceDr. Axel Vinke
 
Key Driver Analysis: A Crash Course in Customer Experience Reporting | SoGoSu...
Key Driver Analysis: A Crash Course in Customer Experience Reporting | SoGoSu...Key Driver Analysis: A Crash Course in Customer Experience Reporting | SoGoSu...
Key Driver Analysis: A Crash Course in Customer Experience Reporting | SoGoSu...Sogolytics
 

What's hot (20)

HRM OUTSOURCING :MAKE OR BUY DECISION
HRM OUTSOURCING :MAKE OR BUY DECISION HRM OUTSOURCING :MAKE OR BUY DECISION
HRM OUTSOURCING :MAKE OR BUY DECISION
 
5 trends dramatically changing workforce management
5 trends dramatically changing workforce management5 trends dramatically changing workforce management
5 trends dramatically changing workforce management
 
A1 business memo global ops- seb_debasis chakraborty_403503
A1 business memo  global ops- seb_debasis chakraborty_403503A1 business memo  global ops- seb_debasis chakraborty_403503
A1 business memo global ops- seb_debasis chakraborty_403503
 
Is management
Is managementIs management
Is management
 
HRM Outsourcing - Make or Buy Decision
HRM Outsourcing - Make or Buy DecisionHRM Outsourcing - Make or Buy Decision
HRM Outsourcing - Make or Buy Decision
 
Contingent Workforce Management Benchmark Report
Contingent Workforce Management Benchmark ReportContingent Workforce Management Benchmark Report
Contingent Workforce Management Benchmark Report
 
Strategic Workforce Planning: The Key to Organisational Success
Strategic Workforce Planning: The Key to Organisational SuccessStrategic Workforce Planning: The Key to Organisational Success
Strategic Workforce Planning: The Key to Organisational Success
 
How to Build a Business Case for ERP Replatforming
How to Build a Business Case for ERP ReplatformingHow to Build a Business Case for ERP Replatforming
How to Build a Business Case for ERP Replatforming
 
Top talent metrics that HR Managers and CHROs must always keep track of!
Top talent metrics that HR Managers and CHROs must always keep track of!Top talent metrics that HR Managers and CHROs must always keep track of!
Top talent metrics that HR Managers and CHROs must always keep track of!
 
Outsource
OutsourceOutsource
Outsource
 
Hr kpi dashboard
Hr kpi dashboardHr kpi dashboard
Hr kpi dashboard
 
Outsourcing
OutsourcingOutsourcing
Outsourcing
 
Make or buy diagram
Make or buy diagramMake or buy diagram
Make or buy diagram
 
2010 Era Introduction
2010 Era Introduction2010 Era Introduction
2010 Era Introduction
 
Tips for Small Business Owners For staying afloat financially during COVID Times
Tips for Small Business Owners For staying afloat financially during COVID TimesTips for Small Business Owners For staying afloat financially during COVID Times
Tips for Small Business Owners For staying afloat financially during COVID Times
 
Strategic Planning
Strategic PlanningStrategic Planning
Strategic Planning
 
Employee Turnover Solution Using Analytical Techniques
Employee Turnover Solution Using Analytical TechniquesEmployee Turnover Solution Using Analytical Techniques
Employee Turnover Solution Using Analytical Techniques
 
Leadvise Workforce Management Excellence
Leadvise Workforce Management ExcellenceLeadvise Workforce Management Excellence
Leadvise Workforce Management Excellence
 
Outsourcing Ppt 1
Outsourcing Ppt 1Outsourcing Ppt 1
Outsourcing Ppt 1
 
Key Driver Analysis: A Crash Course in Customer Experience Reporting | SoGoSu...
Key Driver Analysis: A Crash Course in Customer Experience Reporting | SoGoSu...Key Driver Analysis: A Crash Course in Customer Experience Reporting | SoGoSu...
Key Driver Analysis: A Crash Course in Customer Experience Reporting | SoGoSu...
 

Similar to An Intelligent Hiring System

WHAT IS BUSINESS ANALYTICS um hj mnjh nit 1 ppt only kjjn
WHAT IS BUSINESS ANALYTICS um hj mnjh nit 1 ppt only kjjnWHAT IS BUSINESS ANALYTICS um hj mnjh nit 1 ppt only kjjn
WHAT IS BUSINESS ANALYTICS um hj mnjh nit 1 ppt only kjjnRohitKumar639388
 
Simplify Your Analytics Strategy
Simplify Your Analytics StrategySimplify Your Analytics Strategy
Simplify Your Analytics StrategyShreya Singireddy
 
Recruitment_and_Selection_Complete_note.pptx
Recruitment_and_Selection_Complete_note.pptxRecruitment_and_Selection_Complete_note.pptx
Recruitment_and_Selection_Complete_note.pptxIrelynJasmin
 
Tal Solutions Talent Science Presentation_FINAL3
Tal Solutions Talent Science Presentation_FINAL3Tal Solutions Talent Science Presentation_FINAL3
Tal Solutions Talent Science Presentation_FINAL3Marcia Tal
 
Tal Solutions Talent Science Presentation_FINAL3
Tal Solutions Talent Science Presentation_FINAL3Tal Solutions Talent Science Presentation_FINAL3
Tal Solutions Talent Science Presentation_FINAL3Marcia Tal
 
Tallent management ibm smarter workforce
Tallent management ibm smarter workforceTallent management ibm smarter workforce
Tallent management ibm smarter workforcegule mariam
 
ITM business barriers.pptx
ITM  business barriers.pptxITM  business barriers.pptx
ITM business barriers.pptxrajalakshmi5921
 
HR Technology Tools 2018
HR Technology Tools 2018HR Technology Tools 2018
HR Technology Tools 2018Net at Work
 
Building AI strategy in organizations
Building AI strategy in organizationsBuilding AI strategy in organizations
Building AI strategy in organizationsVyratechITSolutions
 
Workforce Analytics in India - A state-of-evolution report 2018
Workforce Analytics in India  - A state-of-evolution report 2018Workforce Analytics in India  - A state-of-evolution report 2018
Workforce Analytics in India - A state-of-evolution report 2018Nitin Dheer
 
Gaining and Maintaining IT & Business Alignment.pptx
Gaining and Maintaining IT & Business Alignment.pptxGaining and Maintaining IT & Business Alignment.pptx
Gaining and Maintaining IT & Business Alignment.pptxRobert Sheesley, CBA, CPHIMS
 
Chapter 1 - Introduction (1).pptx
Chapter 1 - Introduction (1).pptxChapter 1 - Introduction (1).pptx
Chapter 1 - Introduction (1).pptxZainubMuhammad2
 
Target operating model definition
Target operating model definitionTarget operating model definition
Target operating model definitionStuart Robb
 
The powers company overview insurance final rev
The powers company overview insurance final revThe powers company overview insurance final rev
The powers company overview insurance final revTyler Petz
 
Performance Management and Personal Development Plans
Performance Management and Personal Development PlansPerformance Management and Personal Development Plans
Performance Management and Personal Development PlansMIT
 
EmployeeBoss datasheet aug2013
EmployeeBoss datasheet aug2013EmployeeBoss datasheet aug2013
EmployeeBoss datasheet aug2013indrabudd
 
HR Metrics - BLR Webinar - Rick Buchman - 4-7-2015
HR Metrics -  BLR Webinar - Rick Buchman - 4-7-2015HR Metrics -  BLR Webinar - Rick Buchman - 4-7-2015
HR Metrics - BLR Webinar - Rick Buchman - 4-7-2015Frederick 'Rick' Buchman
 
navigating-hr-tech-adoption-at-your-company-hrm_goco.pdf
navigating-hr-tech-adoption-at-your-company-hrm_goco.pdfnavigating-hr-tech-adoption-at-your-company-hrm_goco.pdf
navigating-hr-tech-adoption-at-your-company-hrm_goco.pdfJules Van Reempts
 

Similar to An Intelligent Hiring System (20)

WHAT IS BUSINESS ANALYTICS um hj mnjh nit 1 ppt only kjjn
WHAT IS BUSINESS ANALYTICS um hj mnjh nit 1 ppt only kjjnWHAT IS BUSINESS ANALYTICS um hj mnjh nit 1 ppt only kjjn
WHAT IS BUSINESS ANALYTICS um hj mnjh nit 1 ppt only kjjn
 
Simplify Your Analytics Strategy
Simplify Your Analytics StrategySimplify Your Analytics Strategy
Simplify Your Analytics Strategy
 
Recruitment_and_Selection_Complete_note.pptx
Recruitment_and_Selection_Complete_note.pptxRecruitment_and_Selection_Complete_note.pptx
Recruitment_and_Selection_Complete_note.pptx
 
Tal Solutions Talent Science Presentation_FINAL3
Tal Solutions Talent Science Presentation_FINAL3Tal Solutions Talent Science Presentation_FINAL3
Tal Solutions Talent Science Presentation_FINAL3
 
Tal Solutions Talent Science Presentation_FINAL3
Tal Solutions Talent Science Presentation_FINAL3Tal Solutions Talent Science Presentation_FINAL3
Tal Solutions Talent Science Presentation_FINAL3
 
Tallent management ibm smarter workforce
Tallent management ibm smarter workforceTallent management ibm smarter workforce
Tallent management ibm smarter workforce
 
SHRM
SHRMSHRM
SHRM
 
ITM business barriers.pptx
ITM  business barriers.pptxITM  business barriers.pptx
ITM business barriers.pptx
 
HR Technology Tools 2018
HR Technology Tools 2018HR Technology Tools 2018
HR Technology Tools 2018
 
Building AI strategy in organizations
Building AI strategy in organizationsBuilding AI strategy in organizations
Building AI strategy in organizations
 
Workforce Analytics in India - A state-of-evolution report 2018
Workforce Analytics in India  - A state-of-evolution report 2018Workforce Analytics in India  - A state-of-evolution report 2018
Workforce Analytics in India - A state-of-evolution report 2018
 
Gaining and Maintaining IT & Business Alignment.pptx
Gaining and Maintaining IT & Business Alignment.pptxGaining and Maintaining IT & Business Alignment.pptx
Gaining and Maintaining IT & Business Alignment.pptx
 
Chapter 1 - Introduction (1).pptx
Chapter 1 - Introduction (1).pptxChapter 1 - Introduction (1).pptx
Chapter 1 - Introduction (1).pptx
 
Target operating model definition
Target operating model definitionTarget operating model definition
Target operating model definition
 
The powers company overview insurance final rev
The powers company overview insurance final revThe powers company overview insurance final rev
The powers company overview insurance final rev
 
Human Capital Analytics 2.2016
Human Capital Analytics 2.2016Human Capital Analytics 2.2016
Human Capital Analytics 2.2016
 
Performance Management and Personal Development Plans
Performance Management and Personal Development PlansPerformance Management and Personal Development Plans
Performance Management and Personal Development Plans
 
EmployeeBoss datasheet aug2013
EmployeeBoss datasheet aug2013EmployeeBoss datasheet aug2013
EmployeeBoss datasheet aug2013
 
HR Metrics - BLR Webinar - Rick Buchman - 4-7-2015
HR Metrics -  BLR Webinar - Rick Buchman - 4-7-2015HR Metrics -  BLR Webinar - Rick Buchman - 4-7-2015
HR Metrics - BLR Webinar - Rick Buchman - 4-7-2015
 
navigating-hr-tech-adoption-at-your-company-hrm_goco.pdf
navigating-hr-tech-adoption-at-your-company-hrm_goco.pdfnavigating-hr-tech-adoption-at-your-company-hrm_goco.pdf
navigating-hr-tech-adoption-at-your-company-hrm_goco.pdf
 

Recently uploaded

Webinar - How to set pay ranges in the context of pay transparency legislation
Webinar - How to set pay ranges in the context of pay transparency legislationWebinar - How to set pay ranges in the context of pay transparency legislation
Webinar - How to set pay ranges in the context of pay transparency legislationPayScale, Inc.
 
RecruZone - Your Recruiting Bounty marketplace
RecruZone - Your Recruiting Bounty marketplaceRecruZone - Your Recruiting Bounty marketplace
RecruZone - Your Recruiting Bounty marketplaceDavide Donghi
 
100%Safe delivery(+971558539980)Abortion pills for sale..dubai sharjah, abu d...
100%Safe delivery(+971558539980)Abortion pills for sale..dubai sharjah, abu d...100%Safe delivery(+971558539980)Abortion pills for sale..dubai sharjah, abu d...
100%Safe delivery(+971558539980)Abortion pills for sale..dubai sharjah, abu d...hyt3577
 
Arjan Call Girl Service #$# O56521286O $#$ Call Girls In Arjan
Arjan Call Girl Service #$# O56521286O $#$ Call Girls In ArjanArjan Call Girl Service #$# O56521286O $#$ Call Girls In Arjan
Arjan Call Girl Service #$# O56521286O $#$ Call Girls In Arjanparisharma5056
 
Mastering Vendor Selection and Partnership Management
Mastering Vendor Selection and Partnership ManagementMastering Vendor Selection and Partnership Management
Mastering Vendor Selection and Partnership ManagementBoundless HQ
 
VIP Russian Call Girls in Indore Komal 💚😋 9256729539 🚀 Indore Escorts
VIP Russian Call Girls in Indore Komal 💚😋  9256729539 🚀 Indore EscortsVIP Russian Call Girls in Indore Komal 💚😋  9256729539 🚀 Indore Escorts
VIP Russian Call Girls in Indore Komal 💚😋 9256729539 🚀 Indore Escortsaditipandeya
 
Mercer Global Talent Trends 2024 - Human Resources
Mercer Global Talent Trends 2024 - Human ResourcesMercer Global Talent Trends 2024 - Human Resources
Mercer Global Talent Trends 2024 - Human Resourcesmnavarrete3
 
How Leading Companies Deliver Value with People Analytics
How Leading Companies Deliver Value with People AnalyticsHow Leading Companies Deliver Value with People Analytics
How Leading Companies Deliver Value with People AnalyticsDavid Green
 
2k Shots ≽ 9205541914 ≼ Call Girls In Vinod Nagar East (Delhi)
2k Shots ≽ 9205541914 ≼ Call Girls In Vinod Nagar East (Delhi)2k Shots ≽ 9205541914 ≼ Call Girls In Vinod Nagar East (Delhi)
2k Shots ≽ 9205541914 ≼ Call Girls In Vinod Nagar East (Delhi)Delhi Call girls
 
Cleared Job Fair Handbook | May 2, 2024
Cleared Job Fair Handbook  |  May 2, 2024Cleared Job Fair Handbook  |  May 2, 2024
Cleared Job Fair Handbook | May 2, 2024ClearedJobs.Net
 
HRM PPT on placement , induction and socialization
HRM PPT on placement , induction and socializationHRM PPT on placement , induction and socialization
HRM PPT on placement , induction and socializationRishik53
 

Recently uploaded (11)

Webinar - How to set pay ranges in the context of pay transparency legislation
Webinar - How to set pay ranges in the context of pay transparency legislationWebinar - How to set pay ranges in the context of pay transparency legislation
Webinar - How to set pay ranges in the context of pay transparency legislation
 
RecruZone - Your Recruiting Bounty marketplace
RecruZone - Your Recruiting Bounty marketplaceRecruZone - Your Recruiting Bounty marketplace
RecruZone - Your Recruiting Bounty marketplace
 
100%Safe delivery(+971558539980)Abortion pills for sale..dubai sharjah, abu d...
100%Safe delivery(+971558539980)Abortion pills for sale..dubai sharjah, abu d...100%Safe delivery(+971558539980)Abortion pills for sale..dubai sharjah, abu d...
100%Safe delivery(+971558539980)Abortion pills for sale..dubai sharjah, abu d...
 
Arjan Call Girl Service #$# O56521286O $#$ Call Girls In Arjan
Arjan Call Girl Service #$# O56521286O $#$ Call Girls In ArjanArjan Call Girl Service #$# O56521286O $#$ Call Girls In Arjan
Arjan Call Girl Service #$# O56521286O $#$ Call Girls In Arjan
 
Mastering Vendor Selection and Partnership Management
Mastering Vendor Selection and Partnership ManagementMastering Vendor Selection and Partnership Management
Mastering Vendor Selection and Partnership Management
 
VIP Russian Call Girls in Indore Komal 💚😋 9256729539 🚀 Indore Escorts
VIP Russian Call Girls in Indore Komal 💚😋  9256729539 🚀 Indore EscortsVIP Russian Call Girls in Indore Komal 💚😋  9256729539 🚀 Indore Escorts
VIP Russian Call Girls in Indore Komal 💚😋 9256729539 🚀 Indore Escorts
 
Mercer Global Talent Trends 2024 - Human Resources
Mercer Global Talent Trends 2024 - Human ResourcesMercer Global Talent Trends 2024 - Human Resources
Mercer Global Talent Trends 2024 - Human Resources
 
How Leading Companies Deliver Value with People Analytics
How Leading Companies Deliver Value with People AnalyticsHow Leading Companies Deliver Value with People Analytics
How Leading Companies Deliver Value with People Analytics
 
2k Shots ≽ 9205541914 ≼ Call Girls In Vinod Nagar East (Delhi)
2k Shots ≽ 9205541914 ≼ Call Girls In Vinod Nagar East (Delhi)2k Shots ≽ 9205541914 ≼ Call Girls In Vinod Nagar East (Delhi)
2k Shots ≽ 9205541914 ≼ Call Girls In Vinod Nagar East (Delhi)
 
Cleared Job Fair Handbook | May 2, 2024
Cleared Job Fair Handbook  |  May 2, 2024Cleared Job Fair Handbook  |  May 2, 2024
Cleared Job Fair Handbook | May 2, 2024
 
HRM PPT on placement , induction and socialization
HRM PPT on placement , induction and socializationHRM PPT on placement , induction and socialization
HRM PPT on placement , induction and socialization
 

An Intelligent Hiring System

  • 1. How Socrates’ Advice Leads to Strategic Hiring Image attribution: By Kedumuc10 (Own work) [CC BY-SA 4.0 (http://creativecommons.org/licenses/by- sa/4.0)], via Wikimedia Commons By Dr. Theophano Mitsa
  • 2. Decisions, Decisions.. • Your hiring budget is approved!! • Great. Now, how do you find the RIGHT candidates (WITHOUT spending too much money, time, and effort?)
  • 3. Eureka! • Suddenly, you remember the great problem solver, Socrates: What would Socrates do? Know ThySelf! • Know your Company: Fully understand your company’s strategic goals, using key business performance metrics, and hire accordingly. Continuously update this knowledge.
  • 4. Introducing AIMS: An Intelligent Decision Support System for Personnel Hiring and Inter- Connected Strategic Business Evolution UMass-Dartmouth and Aretisoft, LLC
  • 5. AIMS: Agile, Intelligent, Measurable, Semantic Hiring Decision Support Agile Intelligent Measurable Semantic
  • 6. AIMS-LOOP • Part of AIMS is AIMS-LOOP, a module that, through the use of machine learning, AI, and coarse/fine grained correlation analysis of hiring practices and business performance measures in an ongoing loop, continuously improves hiring practices, by aligning them with customer needs and strategic business goals. • AIMS-LOOP can be added to any existing hiring system and will be the focus of this presentation.
  • 7. Hiring Practices Definition • Hiring Activity, such as number of positions open, positions filled, positions left unfilled. • Hiring Criteria, i.e., job qualifications. Examples include years of experience, level of education. • Skill questions: skill-related questions asked at interview time.
  • 8. Business Metrics Employed by AIMS-LOOP • Key performance indicators (KPIs). These can indicate: 1. Financial performance (i.e., net profit) 2. Customer relations (i.e., customer retention rate) 3. Market performance (i.e., market share) 5. Operational performance (i.e., time to market) 6. Employee relations (i.e., employee churn rate) • Employee review ratings.
  • 9. AIMS-LOOP Hiring practices Business metrics Machine Learning, AI, and coarse & fine-grained correlation analysis Improved hiring practices
  • 10. AIMS-LOOP Employs Coarse and Fine-Grained Business Metrics • Fine-Grained Business Metrics: These are computed at individual employee level, such as employee review rating and number of sales. • Coarse-Grained Business Metrics: These are computed at an aggregate level, such as company division. For example, number of defects of a product released by a specific company division.
  • 11. Examples of Improvement of Hiring Practices • Identification of hiring criteria common among high-value employees. • Identification of skill questions that could predict poor performance. • Identification of hiring activity indicators that affect business performance metrics. Examples are: time to hire, number of enginners recently hired that have 6-sigma certification.
  • 12. Benefits Interconnection of Hiring with Business Evolution • As the company’s strategic goals change, this is reflected in the business performance metrics and then propagated down to hiring practices. Improved Cost Savings • Only candidates that directly contribute to the strategic goals of the company will be hired.
  • 13. Licensing Information UMass and Aretisoft LLC jointly own a pending U.S. patent application (filed Sept. 27th, 2017, Patent Application S.N. 15/717,096) claiming this Personnel Hiring System, which is available for exclusive or non‐exclusive licensing. A more general Decision Support System is covered by US Patent Nos. 8,244,733. and 8,504,514, which are also available for licensing from UMass. For more information, please contact: David J. Glass, Ph.D. Office of Technology Commercialization and Ventures University of Massachusetts Dartmouth UMass office: 508‐910‐9815 Cell: 617‐653‐9945 dglass@umassd.edu