Role Analysis, Benchmarking, & Behvioral Assessments

Avoid Mis-Hires With Better Practices

Mis-hires cost companies exorbitantly every year, both in direct costs, lost productivity, and decreased performance of affected personnel. It's estimated that the average mis-hire costs a company 1.5 times the annual salary of the mis-hired professional.

A lack of quantitatively defining the type of person who will be a great fit for the team is what causes these mis-hires. By improving the hiring process to more effectively define who will be successful with your organization is a small investment with a huge return. Consider how Melissa Truax, Director of Recruiting, explains the return on investment:

If your average hire earns $60,000 or more annually each mis-hire accounts for $90,000 or more in lost revenue. If you hire 100 people annually and have a 5% mis-hire rate, which is historically low, your company is losing $450,000 every year.

Cultural Fit Through Behavioral Assessments

Behavioral assessments are used to help identify if a professional is a great fit for the organization. While interviews are critical to identifying a good fit, they are also flawed in that the interviewer's own feelings, health, and stress will impact how they feel about a particular candidate. In short, interviews are wholly subjective. Behavioral assessments are an objective way to understand how any particular professional will perform given various circumstances. While a decision to hire is never based solely on an assessment, they can significantly decrease the risk of a mis-hire.

Performance Benchmarking and Role Analysis

Performance benchmarking and role analysis are two tools designed to define more clearly who succeeds within your organization. Do you need the strong personality to lead a department, or someone who is a little more relaxed and aims to find common ground with others? Every company, and even every department, needs different types of people to function properly.

By defining roles more clearly than the common job description, and then benchmarking those who perform well in the department or similar roles, you have a clear picture of what you should be aiming for when making a hiring decision.

Learn more about how role analysis, performance benchmarking and behavioral assessments can help you find the right professional the first time. Just complete this short form:

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