Reputed IT companies HCL, INFOSYS, TCS have started using algorithmic
tools and programs that can predict the attrition rate for the future. In fact
it can also detect if a candidate who is being interviewed will be a sustainable
one or not. These predictions are made possible by collecting a series of data
from the employees or candidates during the interview or in the course of
employment.
Organizations have been gathering a lot of data with regards
to the socio economic background from the candidates that are being used by the
HR department by application of analytics in talent resourcing stages. Wipro is
one of such employer to use such a tool.
HCL uses certain factors such as leave applications and
searches for job profiles to track the prospective employees to quit. A 75%
positive correlation between a prediction using analytics have been proved
successful as of now.
From this trend it clearly reflects that the HR function is moving
towards data-driven decision-making rather than gut-based decision-making.
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