Business Daily from THE HINDU group of publications Thursday, Jul 03, 2008 ePaper | Mobile/PDA Version | Audio |
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Info-Tech
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Human Resources Global Talent tool to stem attrition Our Bureau Chennai, July 2 Global Talent Metrics, a company offering systems and tools for recruitment, has launched `StarSelect’ a product that helps employers bring down attrition through better selection processes. Addressing a press conference here today, Mr Cabot Jaffee, Chairman, Global Talent Metrics, said that high attrition rates are a common concern across industries. Global Talent Metrics has come up with a system that will help companies select the candidates with aspirations that best fit their company profile and improve chances of retaining them for a longer period. Mr Jaffee said that StarSelect is a psychometric system that has been tried and tested in two companies where attrition came down by half – down to about 20 per cent from around 40 per cent. StarSelect has been in use in a range of companies across various industries globally and has been adapted to Indian conditions. A survey covered over 5,000 employees spread across six companies in the IT and ITES sector The study done in partnership with IIM-Bangalore and AlignMark Inc of the US is to be presented at the NASSCOM HR Summit on Thursday. More Stories on : Human Resources | Software
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