When making decisions regarding hiring or promotion in your HR department, many factors must be taken into account. You need to ensure you’re making smart choices with your budget while hiring for roles that add value to the organization. Spending some time understanding how decisions impact others can help be more efficient while making sure you make good ones for the business; SDy provides one such solution that can assist.
SDy stands for “Skill Difference Yield,” and it is a statistical technique designed to assess differences in performance measured in dollar terms between candidates for roles. This can be an extremely valuable resource when comparing two candidates for one role and trying to decide who will perform better; or measuring training programs’ effects on employees and comparing across teams or departments.
There are various SDY analyses you can employ, but the key thing is understanding your goals and using these tools correctly. If you need assistance getting started, there are numerous online resources that can assist with learning how to calculate and interpret SDy data. Once you grasp its fundamentals, using it should become easier when making informed decisions regarding who to hire or promote.
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