Selection
The selection
of new employees or promotion of existing employees is often
the “entry point” of
the Employee Lifecycle and the point at which you assess the
core behavioral traits, cognitive abilities and attitudes of
each individual. This allows you to database incoming talent
and utilize that data for coaching, training, succession planning,
etc. throughout the lifecycle of the employee. JobInsightsSM and
CandidInsightsSM are Career InsightsSM flagship products that allow
you to access core measurements, or you may choose to utilize
an industry specific selection product such as HealthInsightsSM,
AutoInsightsSM or for internal promotions, the Leadership Identifier. These
products allow you to compare these core measurements of potential
employees to those that you have found to be most successful
in your environment.
Finding the right people to hire or promote
is often difficult. Our
aging, culturally diverse, and heterogeneous work force increases
that challenge, and our globally competitive economy makes searching
for competent workers an even more formidable task. The
rise of the Internet and the virtual avalanche of resumes that
are received in response to each job posting make the task of
finding suitable candidates yet more laborious.
Still, hiring the wrong people poses serious
risk to both the small business and the large, multinational
corporation. Indeed,
the costs of a hiring mistake are estimated to be from one-half
to ten times an individual's yearly salary. The expense
of a hiring mistake is one that must be controlled by using a
systematic and consistent approach to locating and hiring competent
and suitable people.
Hiring a competent and suitable individual to
fill a position is a true win-win proposition, a win for both
the new employee and the employer. Recruiting competent people
for positions in which they can succeed, feel good about what
they are doing, and experience the positive regard of their co-workers
is highly reinforcing to everybody.
For the employer, hiring such people is
equally important. First,
it saves money by raising productivity, lowering personnel turnover,
and reducing supervisory problems. Further, personnel
conflicts and problems decline sharply, as does turnover of new
hires, which result in considerable savings in additional hiring
costs and downtime. Proper selection processes significantly
reduce the risk of prosecution for negligent or discriminatory
hiring practices.
A great place to start is to consider selection
process design followed by a job analysis and
then benchmarking.
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