Compare PwC Saratoga vs. Restless Bandit

Saratoga Benchmarking boasts a rich history spanning over four decades, gathering insights from more than 2,000 clients worldwide. This platform enables organizations to assess their HR data and uncover valuable insights with minimal effort, often within just a few hours. PwC’s Saratoga tool is a game-changer in the realm of HR data analysis, offering innovative methods for organizations to interpret their information. The Human Resource Information Service (HRIS) Workflows provided by Saratoga facilitate direct interaction with an organization’s raw HR data, allowing for the automatic calculation of metrics and the generation of actionable insights. This empowers organizations to better understand their workforce and adapt their strategies as they evolve and undergo restructuring. Since its inception, the Saratoga Institute has pioneered HR metrics, establishing benchmarks that have remained influential over the years. By utilizing sophisticated statistical analyses, organizations can effectively manipulate and interpret their data, making meaningful comparisons against thousands of other entities, thus enhancing their strategic decision-making processes. In this way, the Saratoga Benchmarking tool not only streamlines data analysis but also fosters a deeper understanding of human resources within the changing landscape of business.

Restless Bandit compiles and analyzes tens of millions of resumes and job postings each year to create its statistical Talent Rediscovery models, providing a valuable resource for exploring labor market dynamics. The dataset predominantly includes information from white-collar occupations, with this specific analysis utilizing 19,258,407 individual resumes. To categorize these resumes into industry classifications, the Restless Bandit data science team employed a vector space model to compare companies based on the resumes submitted. By scrutinizing millions of these documents, patterns begin to emerge indicating which companies tend to recruit similar talent. For instance, Eli Lilly frequently hires candidates from a cluster of firms including Merck and Novartis. Companies that exhibit a strong similarity in their hiring patterns are subsequently organized into specific industry segments. While ample data has been collected to assess diversity levels for each Global 2000 company, this report will concentrate solely on industry segments to ensure the confidentiality of corporate information. Additionally, this focused approach allows for a more comprehensive understanding of industry-wide trends without compromising individual company identities.