The Predictive Index is a science-backed behavioral assessment deployed throughout a career, from application to retirement. Sold as an annual software subscription priced by the number of employees, companies receive a behavioral measurement system. Surveys can be given for new hires, promotions and other HR objectives.
Although PI is implemented worldwide, in a high employment economy such as the United States, PI becomes even more important. Staff One is a certified partner and implements The Predictive Index in Texas, Oklahoma and Arkansas.
These are states with low unemployment and for some professions, result in a competitive market for skilled employees. You can never be too careful about who you hire, especially when an employee’s replacement cost is high. The Predictive Index narrows the applicant pool, but it also aligns employees to your HR goals.
As of December 2016, the working population in Texas was at 4.6 percent unemployment, which is 0.1 percent lower than the national average. Texas is the second most populous state in the nation, and there is a large pool of qualified workers.
Accredited universities are churning out qualified graduates each year. Texas also has a positive migration rate, one of the highest in the nation. Young professionals are arriving to DFW, Austin, Houston and San Antonio in droves. The reason for growth is highly related to a healthy job market. More companies are expanding to Texas, demanding more workers.
Adopting The Predictive Index allows companies across the state to hire employees more effectively. Qualify candidates by personality and behavior, not just education and work experience. In a job market like Texas, employees with 10 years of experience and an advanced degree are expensive to hire.
By adopting PI, your applicant pool expands to those with the right behavioral traits. Training employees becomes more efficient and less expensive.
Although unemployment in cities such as Tulsa and Oklahoma City are lower, the overall unemployment for Oklahoma is 5.0 percent as of December, 2016. Oklahoma’s job market is less diverse than Texas. Energy, including natural gas, petroleum/oil and wind energy are a significant driver of the economy. With a high number of companies concentrated in several sectors, employee turnover becomes more common. A higher salary and better benefits are readily available for Oklahoma’s top professions.
Adopting The Predictive Index keeps employees engaged and expands responsibilities for those that are up to par. Understanding employee strengths and weaknesses lowers turnover and saves money in the long run.
Lower than both Oklahoma and Texas, Arkansas boasts an unemployment rate of just 3.9 percent, as of December 2016. In certain cities, such as Little Rock, that rate is even lower. in addition to high employment, Arkansas has a much lower migration rate. This creates a job market with a limited applicant pool.
The economy in Arkansas is dominated by Wal-Mart, Tyson Foods and agriculture conglomerates. Whether you are a large corporation or a small business, The Predictive Index aligns employee skills to business goals. For small companies, this means finding a valuable team member that can wear many hats. For a large corporation, it means hiring an employee and effectively promoting up the management chain.