Article
January 15, 2024
The "Great Retention": It all starts with hiring
Hiring great employees who last starts with hiring.
Staffing your roles with "warm bodies" (that is, less-than-top candidates) ultimately leads to failure. Rather than hire anyone available, top organizations set a high bar, create a compelling employment brand, and use scientific methods to identify the best candidates. Vero AI Cofounder and CEO, Eric Sydell, in this article for Human Resource Executive, discusses the importance of getting the hiring process right.
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The VIOLET Impact ModelTM
The VIOLET Impact ModelTM, a holistic framework that provides a comprehensive and objective view of the impact of algorithms and complex systems.
Visibility
The degree to which affected individuals are aware of how algorithms are being used.
Integrity
Whether the algorithm does good and whether it is fair to all classes.
Optimization
How well the algorithm was built.
Legislative Preparedness
How well the algorithm and surrounding systems are prepared to meet the requirements of current and upcoming legislation.
Effectiveness
How well the algorithm works.
Transparency
How clearly understood the algorithm and its uses are internally.
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