
People Placement -
Maximize Hiring Accuracy With Company & Position-Specific Benchmarking
Many objective measures of success can be distributed
along a continuum that forms a normal distribution
curve as depicted above. One side of the midpoint
(median or 50th percentile) will contain values that
are preferred over their counterparts on the opposite side of the curve.
In general, individuals who are most successful one year
will continue to perform at better-than-average levels
on repeated evaluations, and the opposite is true for the
less successful, as well. The consistency of performance
over time indicates that success
is not accidental or random.
Indeed: Success is caused by attributes or competencies that are possessed
by certain members of the group and possessed in lesser
amounts, or not at all, by other members of the group.
When true causes of important outcomes
can be identified, the predictive co-
relationships between particular attributes
and those outcomes can be reduced to
mathematical equations, or benchmarks.
Benchmarks, in turn, become invaluable
customized tools for selecting and
promoting employees and ensuring that you are maximizing
your chances of hiring to the preferred side of the performance
continuum.
PHD's unique hiring technology
will allow you to quickly and easily create custom performance
benchmarks that identify highly specific sets of
competencies associated
with both success and under-performance
as opposed to a more general class of traits measured by
most industry tools which have little predictive accuracy. Benchmarks
are created once employees have completed a brief,
15 minute survey measuring a range of important
competencies and once relevant performance data have been
collected that are directly tied to the specific performance
objectives for a position. Before using the benchmarks, PHD, whenever possible, will validate
them and in the process demonstrate their accuracy and
enable you to calculate your expected Return On Investment: all
before you set out to screen applicants.
PHD's hiring solutions are suitable for small, medium or
large organizations. The system can also be interfaced
with many ATS or Human Capital Management platforms.
Compare
the accuracy rates of PHD's tools with those of other assessment organizations.
People Management -
Streamline & Accelerate Your Hiring Process
PHD's Performance Benchmarking platform
offers more than the ability to significantly
improve hiring accuracy, the quality of hires
or the ability to target positions for
performance improvement or problem
resolution. Our platform also provides the
means to create a comprehensive applicant
and employee competency database that
includes features to track employee performance
over time.
The traditional time required to shortlist candidates
can also be significantly reduced when the system
is deployed as a pre- screening tool. Candidates can be surveyed earlier in the
hiring process and hiring managers are provided with real-time reports that rank
candidates from most to least suitable.
If effective pre-screen mechanisms are already in place, PHD hiring benchmarks can
be utilized selectively near the end of the hiring process to confirm the suitability
of short-listed candidates or the final hiring decisions.
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