SDy (Statistical Dissimilarities in Dollar terms) is a statistical method for calculating performance differences between candidates or current role incumbents in dollar terms, commonly applied during selection or training processes. If you have two candidates that possess all of the required skills for an open role but one candidate stands out above all others – SDy can help determine whether investing in hiring your preferred choice would be worth the money based on performance considerations.
At a time where information reigns supreme, data remains a key driver of business growth and innovation. In this article from Sydney’s companies are using data strategies to transform their businesses while maintaining competitive advantages – specifically using analytics and business intelligence for success.