The Statistics: Cost of a bad Hire: 1.5x salary of the employee being replaced. 46% of new hires fail within the first 18 months. Only 11% of the turnover is based on lack of skills. 26% of the turnover failed because they couldn't accept feedback. 23% failed because they couldn't manage their emotions. 17% failed due to lack of motivation. 15% failed due to having the wrong temperament for the job. *Research Findings: Leadership IQ, Washington, DC
The key to effective reference checking is developing the full-picture of a candidate's past performance. The more references you receive, the more accurate the picture you develop. Effective information acquisition is key!
Background checks and hard-skills tests are useful tools for assessing certain capabilities, but they do not measure the factors that cause a majority of workplace failures. Only by understanding the past performance of the candidate, along core competencies such as coachability, maturity, motivation, and attitude, can you truly understand how a candidate will perform. Only SkillSurvey Pre-Hire 360® can provide this knowledge.
Click here for more info.
"We have found that we get deeper and more useful information than we did before so we don't end up having to fill the same job three months later because we hired the wrong person."
- Peggy Bradley, Employment Manager Poudre Valley Health System
Click here for the full list.
Read our free White Paper entitled "Leveraging 360-Degree Assessments... Pre-Hire"
Get it here.