Of all the variables that impact our bottom line, nothing affects our profit more than the people we hire!
Most hiring decisions are based on a person’s knowledge, skills and experience, and on our gut-feelings and how badly we need someone. But most firing decisions are based on the employee’s attittude and behavior; neither of which can be determined accurately from a resume’ or interview.
Selection – The #1 cause of turnover is poor selection.
Think about your best hiring decision. What was it about that person that made them your best decision? Then, think about your worst hiring decision. What was it about that person that made them your worst decision? Did either decision have anything to do with their knowledge, skill or experience, or were they good or bad decisions based on their attitude and behavior?
Development – No amount of training can overcome a poor hiring decision.
According to a study by a major university on employee turnover, companies spend 5 times more on employee training than they do on employee selection; yet 76% of turnover is due to poor selection and only 24% is due to poor training.
Companies are wasting a lot of time and money, training the WRONG people!
Retention -The #2 cause of turnover is job stress, which is often caused by being miscast or mis-managed.
With the cost of turnover ranging between 1-3 times an employee’s annual salary, we think it makes a lot of sense to first identify the real problems before letting someone go.
Our assessments can save you time and money, reduce expensive turnover and help you hire the right people for the right jobs!
But don’t take our word for it, call us at 800.875.7599 for a complimentary assessment and judge for yourself.