pymetrics: using science + technology to improve recruiting for all
DESCRIPTION
Using proven neuroscience and big data, pymetrics matches candidates to jobs and companies where they'll perform at the highest levels. We assess career aptitude in candidates with proprietary neuroscience games, the latest scientific innovation in cognitive and personality assessment. We create data-driven profiles from top employees’ performance on the games to find top-suited job candidates. Companies using pymetrics see massive efficiency gains in recruiting and overall performance management, and employees have fun in the process too!TRANSCRIPT
use science to match candidates + companies
information overload 250 resumes : 1 job time spent per resume: 6 s
poor information “all resumes look the same” “do GPA/test scores matter? ”
>60% applicants cut at resume stage
high cost of turnover <200% of employee’s annual salary lost
high turnover rate 30-50% of candidates fail within 1st year
current recruiting process
perils of the job search
“Does anyone even look at my resume?”
“How do I know which job is right for me?”
“I think my resume just goes into a black hole.”
the pain is felt by companies too “all resumes look the same!”
“are we missing top candidates?”
“will this person be a cultural fit?”
“we want more diverse candidates!”
“do test scores and GPAs really predict job performance?”
everything in our lives is now personalized
personalizes your movie choices
personalizes your date selection
personalizes your shopping
but not the job search
experience
Careers Dating
Listings
Search
Matching
web 3.0: LinkedIn + OkCupid
8
fun
pymetrics makes recruiting
simple
personalized
efficient
assessment through
neuroscience
by improving it with
matching through data science
+
neuroscience games to assess candidates
data science algorithms to predict company + career fit
the science behind platform
candidates assessed using games that cannot be faked
no self-report questionnaires!
cognitive emotional
processing speed pattern recognition risk profile trust
continuous attention
ability to avoid distraction reward sensitivity altruism
impulsivity cognitive control perseverance tolerance for ambiguity
working memory planning emotional sensitivity
ability to delay gratification
memory span sequencing emotional identification
learning from feedback
cognitive flexibility learning creativity learning from
mistakes
assessment factors
50 key cognitive + emotional traits
we build
data-driven profiles from successful employees to recommend similar candidates
company candidates
neuroscience games for assessment
employees take tests
candidates take tests
data science for profiling
job /company profiles built
candidate profile
generated
marketplace for matching match made
1
2
3
profiles built + matches made
supercharge your resume screenings
using pymetrics instead of resume review found students who were
to end up getting an offer than the average student
3x more likely
cost savings:
~$50K
adding pymetrics to resume review increased the yield of interview
to offer by 2x
select better candidates to interview
cost savings:
~$440K
don’t miss top talent
35% of candidates rejected at screening went to work for competitors
pymetrics cut the rate
to 10%
0%
20%
40%
60%
80%
100%
firm's actual rate using pymetrics consulting profile
~$1.6M in savings for intern program costs and
recruitment of replacements
find interns more likely to convert
% conversion of summer associates to full-time hires
firm’s actual rate
pymetrics top fit rate
measure cultural fit
0%
20%
40%
60%
80%
100%
pymetrics identifies which candidates will be a better cultural fit
rd 1 rejects hired by competitors
offers declined
offers accepted
increase diversity
• students at schools you don’t currently recruit
• students who may not apply through standard channels
• students whose resumes
are non-traditional
• organizations fostering diversity in the workplace
we test our models
to ensure no gender
or ethnic biases
a personalized marketplace where
students discover new companies +
careers companies source new candidates
22
students come for career assessment
companies discover students companies source fit students who might not otherwise apply
who are at schools a company might not normally access
students discover careers
companies source top-fit candidates
pymetrics marketplace
we market to students
who get
general career suggestions
who are
matched with companies that have pymetrics
profiles
who we are
Julie Yoo, PhD Co-Founder, CSO
Frida Polli, PhD, MBA Co-Founder, CEO
team
Matthew Malter Cohen, PhD Head of Data Product
Jessica Barrett, MBA Head of BD/Marketing
John Salvatore, Lead Developer Fedor Garin Lead Developer
investors
Bob Pittman
clients + partners
press
Naveed Jooma Lead Developer
25
25k
25
15
schools
users
industry profiles
company profiles
Northwestern U of Chicago UMich @ Ann Arbor
Brandeis Brown Dartmouth Harvard MIT
UVA Duke Emory
University of Texas @ Austin
Stanford UC Berkeley UCLA
Columbia Cornell NYU, UPenn Princeton Yale
Carnegie Mellon Indiana U @ Bloomington
roll out to 20 additional schools in fall 2014
progress to date