Aimco Selects SPSS to Enhance Employee Recruitment and Retention
CHICAGO, 10/02/06 — SPSS Inc. (NASDAQ: SPSS), a leading worldwide provider of predictive analytics software, today announced that Apartment Investment Management Company -- Aimco (NYSE: AIV) has purchased SPSS predictive analytics software to enhance its employee recruitment and retention efforts.
Aimco is the nations largest owner and operator of apartment homes in the United States -- operating 1,320 properties, including approximately 230,000 apartment units, serving nearly one million residents each year. Aimco employs about 6,500 employees in 47 states, the District of Columbia and Puerto Rico.
“SPSS predictive analytics software will help Aimco increase retention, reduce talent acquisition costs and maximize employee productivity,” said Aimco Senior Vice President of Talent Management Terri Heredia.
Reducing employee turnover and keeping recruitment costs down are essential functions of Human Resources (HR). Aimco is developing three predictive models that enhance how HR can effectively manage the people side of the business with bottom-line results. First, the Candidate Success model identifies prospective high performers in the recruiting process using data from current successful employees.
Second, the Turnover model identifies points of failure in the employee lifecycle to proactively address turnover at the individual level. Third, the Resource Allocation model is a business-driven demand model that predicts and validates headcount needs and drives efficiency in operations.
“Employers know the never-ending challenge of recruiting and retaining superior employees,” said SPSS President and CEO Jack Noonan. “Aimco’s deployment of predictive analytics demonstrates how human resources organizations can improve not only their operations but also the organizations they support.”
Aimco is a real estate investment trust headquartered in Denver, Colorado that owns and operates a geographically diversified portfolio of apartment communities through 19 regional operating centers. Aimco, through its subsidiaries, operates 1,320 properties, including approximately 230,000 apartment units, and serves approximately one million residents each year. Aimco’s properties are located in 47 states, the District of Columbia and Puerto Rico. Aimco common shares are included in the S&P 500.
About SPSS Inc.
SPSS Inc. (NASDAQ: SPSS) is a leading worldwide provider of predictive analytics software and solutions. The company’s predictive analytics technology connects data to effective strategic action by drawing reliable conclusions about current conditions and critical future events. More than 250,000 commercial, academic and public sector customers rely on SPSS technology to help increase revenue, reduce costs, improve important processes and detect and prevent fraud. More than 95 percent of the Fortune 1000 companies are SPSS customers. Founded in 1968, SPSS is headquartered in Chicago, Illinois. For additional information, please visit www.spss.com.
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This is a dated announcement. The material in this announcement could be superceded by more current announcements.
- Contact Information
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- Senior Corporate Communications Specialist
- SPSS Inc.
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