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Did You Know....
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- According to the Society of Resource Management Hiring Executives, in an article appearing in USA Today, 63% of all hiring decisions are made in the first 4.3 minutes of an interview. That indicates many people hire on a first impression.
- 41% of employed people are working in a field they did not go to school for.
- The Bureau of Labor Statistics reports that 67% of America’s working people don’t like what they do.
- The most important factor in job success is job fit.
- People fail in jobs not because they can’t do the job - but rather because the job doesn’t fit them.
- We hire on competence, and we fire on fit.
- When we use the traditional hiring methods, we tend to fail more often because it leaves us with a shortage of essential information.
- Most companies “hire and fire” until they find the right person for the job.
- In a best case scenario, it takes a month to decide if a new employee can’t do the job. It takes another month to try fixing the problem - usually with training. Then it takes a third month to find someone to replace the failing employee. That’s 25% of a year with a job not being done properly, or not being done at all!
- You are taking a terrible risk if you don’t have detailed job descriptions as a result of the ADA.
- While background checks can’t stop someone from filing a lawsuit, they can improve your company’s position in the courtroom.
- People selected on the basis of the typical job interview are good hires only about 14% of the time.
- People selected on the basis of personality, abilities, interests, and job match testing are good hires 75% of the time!
- Using assessment tools for a job match can reduce your turnover rate which thus making your company more profitable. (A recent study of over 13, 000 people in a high turnover industry - after six months, 24% of those with Job Match had quit or were fired compared to 46% who lacked Job Match.)
- In a recent study done of nearly 400 business leaders in the United States, the top five business issues were: recruiting quality individuals, improving staff productivity, managing retention and /or turnover, improving morale, and upholding ethical standards.
- The Department of Labor says that the use of professionally developed assessment tools on the average enables organizations to make more effective employment related decisions.
- The Department of Labor says that employment assessments can be used to gather accurate information about job relevant characteristics and with this information you can assess the fit or the match between people and jobs
- Most employers make decisions with faulty information:
- Exaggerated resumes
- Trained interviewees
- Past Employers
- Primed References
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