What is Pareto Principle?

The ‘Pareto Principle states that in most events, 20% of the causes lead to 80% of the effects. This ratio is also referred to as the ‘80/20 Rule’. It is also called the ‘Principle of Factor Sparsity’ as well as the ‘Law of the Viral Few’.

It is used in companies to concentrate their efforts on the most profitable 20% areas of the company and advance them so that it leads to a profit for the remaining 80% of the company too.

Similarly, it is also applied in reducing the risks of 20% of the most hazardous areas of the company so that the remaining 80% is also safeguarded as a result of the precautions taken.

Algorithmic Hiring

Algorithmic hiring is the process of using AI, machine learning and other data-driven algorithms to automate and improve recruiting and hiring process. This is the

Confidentiality Agreement

What is Confidentiality Agreement? A ‘Confidentiality Agreement’ is a contract between the employer and the employee which restricts the employee from sharing any kind

Pareto Principle