Crosschq has announced the acquisition of Traitify, which aims to improve its AI-driven hiring intelligence solution with scientifically proven assessment tools for job candidates. This partnership combines the psychology-based approach of Traitify with Crosschq’s outcomes-focused models to help organizations better understand whether their hiring will be successful from the start to finish.
With the acquisition, organizations will be able to evaluate candidates throughout the entire hiring journey from the moment they apply until the end, when an offer is made. Integrating behavioral and personality information into hiring processes will allow businesses to leverage other sources of information such as AI interviews, reference checks, fraud identification, and post-hiring employee performance to form an opinion about candidates.
Traitify utilizes well-established scientific methods of industrial-organizational psychology, such as the Big Five model of personality. This scientific approach addresses growing concerns around AI hiring tools that rely on opaque or unvalidated data signals.
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“Hiring has been one of the last major business processes without a true system of record for outcomes,” said Michael Fitzsimmons, CEO of Crosschq. “By combining Traitify’s scientific foundation with our outcome-trained models, we are enabling companies to predict and improve hiring outcomes at scale.”
According to analysts in the industry, there appears to be an industry-wide trend in hiring from process optimization to outcome improvement. By matching the data of applicants to their performance in the field, Crosschq is spearheading the development of a strategy that prioritizes quality of hire rather than simply process efficiency.
In particular, the enhanced platform would be especially useful when dealing with the recruitment of high-volume and frontline employees, which continue to suffer from high levels of churn. With many of those positions being occupied by employees with one-year retention rates below 50%, companies are looking to find a better way to match job seekers to their jobs.
As the result, Crosschq is working on integrating several distinct aspects of hiring into one cohesive platform in order to eliminate redundancy and enhance the effectiveness of decision-making.
