Embed Size (px)
DESCRIPTION
About Affintus Affintus delivers a scientific approach to human capital management. Using Affintus’ predictive solution businesses identify candidates who are the best fit for the position and the organization’s culture. Companies using the Affintus methodology achieve great hiring, which translates into higher productivity, lower turnover, faster time to hire and lower costs of hiring.
Citation preview
AffintusSo remind me again…why did we hire this guy?
October 24, 2012 | Deborah L. Kerr, Ph.D.
©2012 Affintus Scientific Hiring, LLC
Visit Our Blog!http://affintus.com/blog-affintus/
Optimizing Human Capital Streamline decision making Enhance productivity through people Match job and company to people Better people data, better business
results
Tweet live during the webinar #affintus !
Agenda Hiring success results Resume challenge Science and hiring Three small changes Measures + value
Hiring Results 48% of new hires fail to meet performance
targets within 18 months 19% will become high performers 4 in 10 promotions underperform or fail
FACT
81%
19%
Everyone ElseHigh Performers
FEW NEW HIRES BECOME HIGH PERFORMERS
FACT
OF NEW HIRES FAIL TO MEET TARGETS WITHIN 18 MONTHS48%
Tweet live during the webinar #affintus !
FACT MANY RESUMES CONTAINERRONEOUS INFORMATION
56%
44%accurateinaccurate
Challenges Finding the right candidate takes too long. Employers settle for “good enough”. Hiring = HR + managers. Job seekers are unhappy, too.
Hiring is hard…
Resumes Information is self reported. …and hard to verify. Error rate is high – up to 50% Experience ≠ Success
https://www.smartrecruiters.com/news/survey-shows-hiring-is-broken-smartrecruiters-releases-new-hiring-platform-for-the-social-enterprise/
FACT
Source of candidate informationValidity
Cognitive Ability + Behavioral / Personality .67Cognitive Ability + Structured Interview .63Cognitive Ability + Work Sample .60
Work Sample Tests .54Cognitive tests .51Structured Interviews .51 Job Knowledge .48 Personality Test .40
0.1
0.3
0.4
0.5
0.6
0.7
0.8
0.9
1.0
References .26 Unstructured Interviews .18Years of Job Experience .18 Years of Education .10Interests .10
0.2
DECISIONS BASED ON INTERVIEWS HAVE ABOUT THE SAME SUCCESS RATE AS FLIPPING A COIN
Schmidt, Frank L. and Hunter, John E. 1998. The validity and utility of selection methods in personnel psychology: Practical and theoretical implications of 85 years of research findings. Psychological Bulletin 12: 262-274. Cited in: Robertson, I. T. Smith, Mike. 2001. Personnel selection. Journal of Occupational & Organizational Psychology 74(4): 441-472.
Better (and Faster) Hiring in 3 Steps Reduce reliance on the resume Analyze your top performers Structure the interview
Resume Figure out what is important in the job. Collect just the information you want and
need. Remember: the resume is self-reported
information.
Tweet live during the webinar #affintus !
Analyze Your Top Performers Use a valid assessment to identify key
success characteristics. Focus on strengths of high performers.
Structure the Interview Use behavioral interview questions. Rate each answer using a scale. Train interviewers to take notes. Remember the limits of an interview.
Your company will thank you.
10%
50%
Time to Hire
Formula TF = RR – OD Time to acceptanceTS = RR – SD Time to start
TF = Time until offer acceptance TS = Time until new hire starts work RR = Date requisition received OD = Date offer accepted SD = Date new hire starts
Productive Workforce
Formula PW = HC – (%pNH)
PW = Productive Workforce HC = Head Count %pNH = New Hire Productivity Estimate
AffintusGreat people data. Great business results.
Deborah L. Kerr, Ph.D. | +1 866 429 4351 | [email protected]
©2012 Affintus Scientific Hiring, LLC
https://www.facebook.com/Affintus
https://twitter.com/affintus#affintushttp://www.youtube.com/user/affintus
Visit Our Blog!http://affintus.com/blog-affintus/
