Infor acquires PeopleAnswers

Infor has announced the acquisition of PeopleAnswers, a leader in predictive talent analytics.

PeopleAnswers' cloud-based talent science platform adds analytical rigor to human capital management. Developed by a team of PhDs in behavioral science, this unique cloud service analyzes 39 behavioral traits for job candidates and produces a fit rating. Companies like Audi, Foot Locker, Gold's Gym, Hertz, Neiman Marcus, and The Cheesecake Factory can measure significantly reduced turnover, improved customer service, and increased revenue by qualifying applicants more thoroughly and analytically as a result of PeopleAnswers.

PeopleAnswers administers statistically significant and consistent online interviews to 20 mn applicants annually across multiple industries, job roles, and geographies that measure the 39 performance attributes and create DNA profiles. Those attributes are weighted differently by job role and completely derived from the data.

The acquisition of PeopleAnswers will make the Infor HCM suite, already recognized as a leader, one of the first HCM suites to deliver a real-world use case for big data that impacts results that can be measured. Stores at a large retailer, for example, had 30% higher sales and lower turnover in the stores that used PeopleAnswers versus the stores that did not. That retailer is now standardizing on PeopleAnswers and centralizing the hiring process. PeopleAnswers' unique approach uses behavioral science to achieve results in the traditionally "soft" space of HR, tying performance metrics to key behaviors of top employees using Performance Profiles and Behavioral DNA to enable companies to hire, reward, and promote their best performers.

"Evaluating talent is one of the most important decisions for a manager but these decisions are hindered by uncertainty and a lack of data. PeopleAnswers has pioneered the concept of HCM big data and behavioral science that delivers a patented, cloud-based product available in 16 languages that has become the gold standard for hiring best practices," said Charles Phillips, CEO, Infor.

"PeopleAnswers and Infor have helped shape Inova's world-class human resources organization," said Angie Mannino, SVP, Human Resources, Inova Health System.

PeopleAnswers is experiencing strong annual growth and has grown for 41 consecutive quarters.