Assessments
Can Improve Hiring Success Rate by 500%
The
standard combination of résumé and interviews has traditionally
been how most hiring and promotion decisions are made.
However, experience shows only a coincidental correlation
between the ability to deliver well in an interview
and to deliver well on the job: 14% -- 1 good employee
in every 7 hires.
Adding
background checks improves the success rate to 26%,
but that's still only 1 good hire in every 4. Using
this filtered glimpse of a person's past has proven
to be an unreliable predictor of a person's future.
Unfortunately, many employers have accepted these poor
results and the high cost of excessive turnover as a
business reality.
Assessing
behavioral traits improved the hiring success rate to
38%. When both thinking abilities and behavioral traits
are assessed, the right people are hired 54% of the
time. When an assessment of occupational interests is
added, successful results improve to 66%. The most impressive
results are achieved, however, when an integrated assessment
is used - one that measures behavioral traits, thinking,
occupational interests, plus "Job Match."
Job
Match outranks all other factors
A well-documented study, published in Harvard Business
Review concludes that "Job Match" is by far the most
reliable predictor of effectiveness on the job. The
study considered many factors including the age, sex,
race, education and experience of approximately 300,000
subjects. It evaluated their job performance and found
no significant statistical differences, except in the
area of "Job Match." The conclusion:
The
only reliable method for evaluating "Job Match" is with
a properly designed assessment instrument, capable of
measuring the essential job-related characteristics
particular to each specific job. Profiles International
has assessments designed for this purpose.
Profiles'
integrated assessments employ cutting-edge technology
and empirical data to assess the qualities of "The Total
Person." In doing so, the individual qualities of candidates
are compared to “benchmark” qualities of employees who
are performing their duties in a superior manner. These
21st Century assessments successfully identify potentially
excellent employees better than 75% of the time.
| Hiring/Promotion
decision based upon... |
Success
Percentage
|
|
Résumé
& Interview alone
|
14%
|
|
Add
background checks
|
26%
|
|
Add
assessment of behavioral traits
|
38%
|
|
Add
assessment of thinking abilities
|
54%
|
|
Add
assessment of occupational interests
|
66%
|
|
Profiles
integrated “Job Match” system
|
75%+
|
| "It's
not experience that counts or college degrees or
other accepted factors; success hinges on a fit
with the job." |
Assessments
offer a solution
The
use of assessments has become essential to employers
who want to put the right people into jobs; provide
employees with effective training; help their managers
to become more effective; and Promote people into positions
where they will succeed. The use of assessments has
resulted in extraordinary increases in productivity
while reducing employee relations problems, employee
turnover, stress, tension, conflict and overall human
resources expenses.
Testing
is acceptable, even expected
A Molding Systems survey found that 92% of job applicants
accept testing as part of the job qualification process.
Only 3% resent it, while 5% were neutral.
Are
you willing to accept these dismal statistics for your
business?
Several factors contribute to the failure of traditional
hiring methods. Résumés often contain false claims of
education and experience while omitting information
that would help employers make better hiring decisions.
Business references are of little value because most
past-employers can be held liable for information beyond
confirming dates of past employment.
You
want employees who are dependable
Absenteeism
cost employers $757 per employee, according to a report
in USA TODAY. This was the direct cost reported by a
survey of human resource professionals and does not
include the cost of hiring others or paying overtime
to perform the work of absent employees.
You
can be held liable for employees' behavior on and off
the job
You must know the nature of the people you hire because
their criminal behavior could cost your business millions
of dollars. Every time you hire without practicing due
diligence, you may be accepting liability for their
actions - even when they are "off the clock."
You
can be sued for illegal discrimination
In the absence of objective data, how can you demonstrate
a hiring/promotion decision was made objectively, without
discrimination because of gender, race, age, etc.
Résumé
writers write great fiction
In
a survey of recent college graduates, 95% said they
would be willing to make a false statement in their
résumés in order to get a job. Forty-one percent admitted
they had already done so, according to a report in Nation's
Business.