Talent Selection & Benchmarking
According to Global HR Research:
Of turnover is due to a bad hire
Bad hires negatively affect the performance of team members
Businesses report productivity decrease as result of a bad hire
While 41% of businesses place the cost of a bad hire around $25,000, 1 in 4 companies lost over $50,000 in this process. These figures are not just made up of the salary and training for each new employee but the compounding cost of the recruiting process, starting over, and toll on your company’s productivity and reputation.
What if you could “clone” your best employees to know exactly what it takes to be a superstar performer in a role vs. going by “gut feeling” or a subjective process?
Most businesses are quick to answer this question with, “Let us take our top performers and try to clone them,” or “I know what it takes, I’ll just tell you…” This approach limits objectivity and promotes bias. Organizations using this method may become narrow in focus and develop benchmarks and competencies that are incongruent with the actual needs of the job.
Consider if the company only has C level employees when they are looking for A level people, should they clone the C level employees? Or consider if a manager decides to just hire individuals like themselves. Benchmarking a job minimizes bias and provides a clear objective and collective voice to what behaviors, motivators, and skills the job needs.
Benchmarking is the process of creating the profile of the ideal candidate for a position and then measuring all candidates against that profile.
Talent Edge Group partners with TTI Success Insights and its patented Job Benchmarking process which is a unique and effective solution because it benchmarks a specific job, not the person in the job. To do this, we let the job talk through an interactive process and job assessment.
TTI’s Job Benchmarks meet EEOC and OFCCP requirements.
When Job Benchmarking is implemented properly, it will have a direct effect on your business’ bottom line. You will not only attract the best candidates, but you will save time and money by hiring the right people the first time and reducing the learning curve with new employees who are strategically matched to fit your company.
Available for Entry Level (non-exempt) up to Executive Positions.