Are you making well-informed talent decisions?

Companies that fail to employ talent assessments encounter a 50% greater average cost per hire as a result of high turnover rates and low productivity

Without talent assessments, companies struggle with sky-high turnover rates and low productivity among their employees. It's like a never-ending cycle of hiring the wrong people, dealing with constant resignations, and then having to go through the whole expensive process all over again—recruiting, onboarding, and training. And to top it off, those employees who do stick around might not have the necessary skills or qualifications for their roles, leading to subpar performance and a real drag on productivity. So, by skipping talent assessments, these companies not only throw money out the window but also miss out on the chance to build an engaged and happy workforce.

Bad hires are a painfully common problem that businesses often encounter

Despite efforts to thoroughly evaluate candidates, there are instances where organizations end up hiring individuals who do not meet expectations or fit into the company culture. These bad hires can have significant repercussions that extend beyond the initial recruitment and training costs. It is crucial for businesses to understand the potential consequences of a bad hire and take proactive measures to minimize the occurrence of such situations.

Reassess and modify your hiring practices with talent assessment tools

Your people are the backbone of your company – they make everything happen. But, even just one bad hire can seriously impact your organization, resulting in both monetary and intangible costs. Business.com’s article mentions a couple of ways to handle bad hires. One way is to reassess and modify hiring practices.

Talent assessment tools can transform your hiring and onboarding process by adding a predictive data point and improving interviewing practices. These tools can help organizations make more informed decisions when evaluating potential candidates and ensure a better fit between the individual and the company's culture and requirements. Talent assessment tools provide objective and standardized evaluations, reducing the risk of biases and subjective judgments that can lead to poor hiring choices.

If you want to learn more about talent assessment tools, you can consult experts to gain insights into their features, advantages, and limitations, and receive personalized recommendations tailored to your specific needs and industry requirements.

At our events, webinars and podcasts, we often mention the thought leadership of amazing, accomplished and wise people. Here’s a book that we found to be impactful and relevant to our most recent presentation on “Building Leadership Resilience”:

• “Mindset” by Carol Dweck

Are you interested in improving your talent decisions? Take a closer look at talent assessments! They provide valuable insights into your people, helping HR leaders and managers make smarter choices. Remember: not all assessments are created equal. We can help you navigate the assessment market and find a solution that is right for your initiative.?

Guess what? We have a fantastic opportunity for you! Join us on September 5, 2023, at 11:00 AM CST for an informative webinar. It's FREE, and it will take 45 minutes of your time. We'll be diving into the topic of "Tools To Achieve Better Results Through People." You won't want to miss it!

Ready to register? Just click here and secure your spot. We can't wait to see you there!