Infor, a provider of business application software, has acquired PeopleAnswers, a predictive talent analytics vendor.
PeopleAnswers’ cloud-based talent science platform adds analytical capabilities to human capital management. This cloud service analyzes 39 behavioral traits for job candidates and produces a fit rating.
The acquisition of PeopleAnswers will make the Infor HCM suite one of the first HCM suites to deliver a real-world use case for big data that impacts results that can be measured.
Stores at a large retailer, for example, had 30 percent higher sales and lower turnover in the stores that used PeopleAnswers versus the stores that did not. That retailer is now standardizing on PeopleAnswers and centralizing the hiring process.
PeopleAnswers’ approach uses behavioral science to achieve results in the traditionally soft space of HR, tying performance metrics to key behaviors of top employees using Performance Profiles and Behavioral DNA to enable companies to hire, reward, and promote their best performers.
Companies like Audi, Foot Locker, Gold’s Gym, Hertz, Inova Health System, Neiman Marcus, and The Cheesecake Factory can measure reduced turnover, improved customer service, and increased revenue by qualifying applicants more thoroughly and analytically as a result of PeopleAnswers.
PeopleAnswers invested in big data for over a decade and the data proved that 39 other attributes were more predictive of a new employee’s performance. Those attributes include ambition, discipline, energy, acceptance of authority, attention to detail, flexibility, conscientiousness, and empathy.
Infor in a statement said PeopleAnswers administers statistically significant and consistent online interviews to 20 million applicants annually across multiple industries, job roles, and geographies that measure the 39 performance attributes and create DNA profiles. Those attributes are weighted differently by job role and completely derived from the data.