Qualigence International is pleased to announce that our key strategic partner, and talent optimization leader, The Predictive Index (PI), has successfully closed $50 million in investment from private equity firm General Catalyst. This puts both companies at the forefront of the growing conversation around talent optimization, and what this means for the industry.
So...you may be thinking to yourself, what is Talent Optimization? You may also be thinking, who is Predictive Index, and how are they the leader in a category that doesn't even exist? Well, that's because it doesn't...yet.
Officially, PI is a technology company that gives business leaders access to the people science, data, and strategy they need to make objective hiring decisions, design great teams and culture, and reach their strategic business goals. PI has more than 7,000 customers—including Nissan, Citizens Bank, DocuSign, Subway, 47 Brand, Blue Cross Blue Shield, and Omni Hotels—across 142+ countries, and has undergone more than 500 validity studies.
The actual power of PI lies in it's ultra sleek and super smart human analytics platform. A major differentiator here is that the science behind the platform actually started in 1952. This is not some fly by night newcomer touting the latest algorithm to "predict" successful outcomes. This is a true culmination of over 60 years of proven behavioral science designed for practical application in the workplace paired with cutting edge technology. This makes the Predictive Index platform one of the most accurate predictors of talent success in the market. This applies equally to new hires as well as existing teams and leadership and produces REAL actionable insights and next steps as opposed to data alone .
Qualigence International has long been an advocate of Talent Optimization. Finding the RIGHT PEOPLE for the RIGHT ROLES and for the RIGHT REASONS results in increased performance, engagement, and discretionary effort from employees. This effect is amplified when combining the unique talent acquisition model
pioneered by Qualigence. The QPS model utilizes the power of the Predictive Index platform into a single, performance focused solution. This exciting combination goes well beyond talent acquisition and provides a clear way to bridge the gap between business strategy and business results.
“You can have the best business strategy in the world, but you need the right people strategy to achieve business results,” said Steve Lowisz, CEO of Qualigence International.
What is Talent Optimization?
The big news here happened when PI announced it had secured upwards of $50 Million in funding from venture capital firm General Catalyst. They will not only use these funds to improve their existing platform, but they are actually serving as the catalyst (no pun intended) to completely transform the talent management space. Enter: Talent Optimization
The goal? Transform how companies optimize their talent—by aligning business strategy with people strategy for optimal business results. HR’s future value will be based on becoming a smarter, more effective, strategic partner to the businesses they serve. The combination of The PI platform and Qualigence International's suite of TA solutions will provide HR leaders with the end-to-end talent platform
to achieve this objective. Both companies will be helping to launch a strategic maturity model and detailed playbook on how to successfully design, hire, and inspire winning teams.
"Before purchasing PI in 2014, my business partner Daniel Muzquiz and I were former PI clients, doing talent optimization intuitively for over a decade now,” said Mike Zani, CEO of The Predictive Index
. “We’ve invested tens of millions of dollars back into the business to evolve The Predictive Index into a talent optimization platform. We’re excited to accelerate growth, fuel our mission of ‘Better Work, Better World,’ and continue the evolution with General Catalyst.”
“The Predictive Index protects the manager from making a bad hiring decision,” said Joan Jones, Senior Manager at Nissan
, “and has given me a quantifiable and sustainable approach to predict sales performance.”
“It’s never been just about finding and retaining people. It’s about the right people, driving their performance, and driving real business results through corporate profits. The combination of Qualigence and The Predictive Index actual put this concept in reach for companies." said Steve Lowisz, CEO of Qualigence International
The Future Of Talent Management
In 2019, Qualigence International and The Predictive Index will be laser-focused on educating leaders on how to rethink the way they view talent from Hire to Retire. Think includes cutting edge approaches to finding the right talent, and leverage analytical insights and a proven talent optimization platform to improve their odds of creating winning teams. .
“This year, low unemployment and high turnover will further magnify the importance of talent,” said Kirk Arnold, Executive in Residence at General Catalyst and new PI board member. “Having a talent strategy which aligns and supports business strategy is a requirement for any business to be successful. We are impressed by the depth and breadth of The Predictive Index platform and are excited to be working with a team that has such a compelling vision.”