Overview : Many businesses make rushed hiring decisions. Unfortunately many poor choices are made based solely on gut feeling. Many candidates can make a very positive presentation and may throw off the judgment of an inexperienced interviewer. Hiring the wrong person can be very expensive. When you consider the cost of recruiting, interviewing, employee salary and benefits, lost productivity, and retraining costs the number could be from 20 to 33% of an annual salary according to some estimates. Using assessment tests can help you identify the job candidates that are a best fit and would have greater probability of performing well in your company. Assessment tests can also be used for current employees to identify development opportunities and select people for promotion. This webinar will discuss assessment testing as it relates to employment. We will cover use of assessments in hiring selection. You will learn the nature of pre-employment testing and how it can be used effectively and legally. When used properly pre-employment testing combined with skilled interviewing can help predict future performance. Many hiring decisions are made based on a candidate’s past experience rather being based on probability of future performance. A good hiring decision is made based on a candidate’s ability to perform at a proposed job. Hiring managers need the information to predict that. Why should you attend: According to some sources the cost of hiring the wrong person can range from $7,000 for an entry level employee up to $300,000 for an executive. The U.S. Department of Labor currently estimates that the average cost of a bad hiring decision can equal 30% of the individual’s first-year potential earnings. That means a single bad hire with an annual income of $50,000 can equal a potential $15,000 loss for the employer. Many hiring mistakes are made because hiring managers use their gut instinct rather than valid criteria. Companies can train mangers to interview properly. Although this will certainly help and should be done, a pre-employment testing instrument will insure consistency. Areas Covered in the Session: Why Assessment Testing What is Assessment Testing Types of Assessment Tests EEO Requirements Test Validity and Reliability Pre-employment Testing Using Assessment for Employee development and promotion Who Will Benefit: All hiring managers HR Managers and Directors Supervisors Recruiter HR Generalist HR Business Partner Learning and Development Managers Talent Management Director of Total Rewards Grant Schneider is president and founder of Performance Development Strategies. His company helps organizations achieve greater results by aligning people in the organization with the organization’s mission and strategy. Grant helps these organizations create change, develop managers and executives, and create high performing teams resulting in engaged employees and loyal customers. Grant is a Certified Coach using an approach that helps organizations identify their vision of success, develop the roadmap, create goals and then achieve those goals.
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