Machine learning helps large companies hire better, potentially cutting turnover

You might say the folks at Ideal were victims of their own success. Co-founders Somen Mondal and Shaun Ricci's latest company grew from a challenge they faced in their first venture, inspection and safety compliance management programs. "We started the first company, Field ID, as two people working out of an attic, and grew to the point we were hiring two salespeople a week," Ideal CEO Mondal says. "We had all the classic HR nightmares: we would hire with bias and ignore résumé details. We had terrible recruiter efficiency and bad quality hires. It was so bad we knew that one of every two hires we made would likely be fired."