Click the "add event" button to create a listing for your event
In this session attendees will learn about the importance of using assessments during the hiring process. They will learn how it supplements the traditional interview and provides a true value to the organization from a financial standpoint.
Companies invest significant time and money to acquire talent. Every time a company extends an offer; it needs to answer a few critical questions such as:
- “If we hire this person will the person be able to perform the job and to what level of excellence?”
- “If I hire this person will the person stay in the job long enough to justify the costs that are associated with hiring and training the person” (i.e., Does my company offer what this person is looking for in terms of his psychological, sociological and demographic needs?)
Most of these decisions are taken typically through a nebulous process of unstructured interviews utilizing information about the candidate that is confined to a resume (not necessarily an unbiased or accurate representation of the individual) and the recruiters or managers interpretation of “right” talent, with scope for bias exposing the organization to significant hiring risks.
Companies constantly manage business risks like extending credit, underwriting insurance, selling mortgages, investing their cash utilizing tools and models to set guidelines for their managers. And we all know that hiring decisions are nowhere close to perfect. So when it comes to hiring decisions why don’t companies systematically manage their hiring risk?
A larger part of the “wrongs” in managing talent begins in the early phases when talent is being acquired due to:
- Limited guidelines on how many “wrong” hires are acceptable
- Absence of processes that monitor how many of these decisions ended being: “right” vs. wrong”
- The absence of sound assessment tools to help make better hiring decisions.
This marks the beginning of an unproductive employee (asset) life cycle for the organization, resulting in poor employee performance, reduced managerial productivity, constant hiring and firing, etc. All this in turn results in high training costs, unplanned attrition, low employee morale, poor job person match that eats into a company’s profitability and organizational productivity and ultimately the loss of revenue. Assessments are the answers that allow companies to make an impact on their bottom line through making better hiring decisions.
Who Should Participate
Managers and above
Extra Learning Material
All Registered HR.com members are also eligible for:
What You Will Learn
Attend this webcasts and learn:
Who is Eligible
This webcast is available to all registered HR.com members for free. You are currently subscribed to HR.com as a Free Member.
Click the button to access this webcast. Archives, MP3 and PowerPoint slides
What is Required to Attend
Participants in the live webcast will need access to a computer connected to the Internet. HR.com highly recommends you test your computer in advance of the webcasts.
Once you register for the webcasts, full login instructions will be sent to you 24 and 2 hours prior to going live. You must run the system test to ensure you can access the session.
Do you have any comments that you would like to share about the value of this session?
Please help others considering viewing the archive understand the value of the session. How would you rate this presentation?
Excellent Very Good Good Fair Bad