Companies see analytics tools as the way forward, as they help mitigate potential worker-manager trouble. Many firms are using an assessment tool called Predictive Index (PI) that generates a behavioural profile and provides an accurate depiction of an employee’s work preferences among others. So how does this predictive analytics works? Predictive analytics conducts a psychometric test of an employee to assess his natural behaviour. The results of such a test are assessed by trained analysts and provide an overview of an employee’s behaviour patterns along with his management and influencing skills.
Predictive analytics has helped bridge any gaps between workers and managers. According to a leading Indian newspaper, a senior manager of a company was feeling tremendous work stress. Nobody would have known the stress levels of this manager but the company could initiate timely corrective measures thanks to predictive analytics. Predictive Index analysis revealed that the manager was increasingly under stress after his reporting manager was recently changed.
Similarly, predictive analytics again came in handy at a manufacturing company, where PI analysis revealed that the morale of a team was very low. The company carried out a probe and found that the team had issues with their manager.
These two incidents clearly bring to the fore corrective measures initiated by companies with help of predictive analytics. Such measures, if taken at the right time, can not only help companies retain their employees but also ensure employee productivity is optimised.
The Predictive Strategy Group – a company that conducts such analysis for companies – summed up fittingly, terming the Predictive Index as a human blood test. “"Predictive Index is like a blood test -getting to know about a disease even before the symptoms have become visible to all," the Predictive Strategy Group’s co-founder Vinaya Bansal once famously said.
It is abundantly clear that Predictive Index analysis helps minimise damage in worker-manager relationships. Such analysis is not just limited to improving worker-manager relationships – it also helps companies to zero in on a right candidate as well as in offering promotion to an employee.
The importance of analytics tools will only increase going forward and companies are going to richly benefit from it in their pursuit of facilitating a vibrant work environment coupled with optimising productivity of employees.