Upload
qualtrics
View
47
Download
1
Embed Size (px)
Citation preview
Why Your Company Culture is the Secret to
Better HiringCatherine Spence
Co-Founder, Pomello
November 2016 | TalentWeek
2
©2015 QUALTRICS LLC.
The recording for today’s presentation will be available on-demand at talentweek.com. Along with other content and webinars from Talentweek.
Join the conversation on twitter by tweeting @qualtrics using #Talentweek and #HumanCapital.
It’s not too late to register! Make sure your team and network register for Talentweek.
Housekeeping
Catherine SpenceCO-FOUNDER
Catherine Spence is co-founder and head of product at Pomello, a culture analytics technology that helps your company build a high-performance culture. Previously, Catherine was a Vice President and Investment Strategist at BlackRock and Barclays Global Investors, and she received her MBA from Stanford Graduate School of Business. Follow Catherine and Pomello on Twitter, Facebook, and LinkedIn.
Recruiting Is Plagued By 3 Major Pain Points
November 2016 | TalentWeek
There Are Too Many Undifferentiated Applicants
November 2016 | TalentWeek
Recruiting Is Plagued By 3 Major Pain PointsIt Takes Too Much Time and Costs Too Much
November 2016 | TalentWeek
Hiring Managers and Recruiters Lack the Right Data to Make Good Decisions
BUT…
Recruiting Is Plagued By 3 Major Pain Points
How Do You Fix It? Company Culture
November 2016 | TalentWeek
Using your company culture in your recruiting process can…
IMPROVE THE QUALITY OF YOUR CANDIDATE POOL It’s not about attracting the most candidates, it’s about attracting the right candidates.
REDUCE TIME AND COSTS SPENT RECRUITING Identify your highest potential candidates quickly.
MAKE BETTER HIRING DECISIONS Use a consistent predictive framework to evaluate your candidates.
Defining and Attracting The Ideal Job Candidate
November 2016 | TalentWeek
1. Avoid over-qualified candidates2. Define your ‘minimum viable skillset’3. Articulate your culture to maximize motivation
Identifying Your Highest Potential Candidates
November 2016 | TalentWeek
And avoiding bad hires
1. Gather culture preferences from candidates using a consistent and validated framework
2. Use this framework to score candidates based on their culture fit potential
3. Combine with other resume screen assessments to prioritize which candidates to interview
Interviewing For Culture Fit
November 2016 | TalentWeek
Structured Behavioral Interviews
1. Your core values should define the framework of your culture interview questions.
2. Use open-ended behavioral interview questions.3. Do not lead candidates to the ‘right’ answer, or ask candidates questions
where there is a ‘right’ answer
How Does This Solve My Pain Points?
November 2016 | TalentWeek
Too Many Undifferentiated
Candidates
Takes Too Much Time, Costs Too
Much
Recruiters Don’t Have the Right
Data
Cast a wide net in terms of skills, and narrow the net for
core values
Improve the quality of your applicant pool.
Using a culture screen identifies a smaller group of
high potential candidates
You spend less time and $$
interviewing duds.
Culture analytics on candidates improve the
quality of your hiring decisions
New hires will perform better and turnover will fall.
What’s The ROI of Hiring For Culture Fit?
November 2016 | TalentWeek
0.65 0.7 0.75 0.8 0.85 0.9 0.95
Perf
orm
ance
R
atin
g
Predictive Compatibility Score
High
Low
Time Since Hiring
% o
f New
Hire
s St
ill a
t Com
pany Top Score
Quartile
Bottom Score Quartile
Hiring to optimize for culture alignment leads to higher performance and lower turnover
Compatibility vs. PerformancePredict long term performance --
YES
Employee Attrition CurvesStronger fit leads to lower turnover --
YES
Hiring For Culture Best Practices
November 2016 | TalentWeek
Here are the top 5 best practices to bring culture into your hiring process:
1. Know your culture2. Define your ideal candidate in terms of skills and values3. Gather consistent data on candidate values/preferences4. Use culture data in concert with a resume screen to determine
who to interview first5. Use culture data to structure your culture fit interviews
THANK YOU!