PHD
Launches
Industry-Unique, Online,
Scientific Hiring System
Vancouver,
British
Columbia, July 18, 2002:
Precision Human
Development (“PHD”) is
pleased to announce, today, the
Internet launch of its proprietary
Performance Benchmarking
technology.
Performance Benchmarking is a
new, research-proven approach
to hiring pioneered by PHD. It is
an Internet-based, scientific
employee selection system that
can be used for a variety of
purposes: e.g., pre-screening,
confirmation, succession
planning & continuous
employee development. It is also
particularly effective
formanaging a variety of human
capital
concerns such as retention,
performance and job satisfaction.
Among its most powerful features,
it can:
- give
hiring
managers
the ability
to hire
applicants
who closely
match the
top or
ideal performers
in any
position
(i.e.,
hire individuals destined to succeed in a position because they possess the necessary personality
and behavioral
attributes
that are
required
for success
in a position);
- dramatically
reduce 'time-to-hire'
and 'cost-to-hire'
expenses;
- it is quick, easy-to-use and affordable;
- be accessed anytime, from anywhere in the world.
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Performance
Benchmarking begins with the
creation of a position
benchmark that is customized
to an organization’s needs
(e.g.,
hiring top performers or reducing
turnover). Once a position
benchmark is created, hiring
managers can use PhD’s
benchmarking technology to
instantly determine the degree of
fit between any applicant and
their custom benchmark. With
this approach, managers can be
more certain that the person(s)
they wish to hire are best suited
for the position before
any offer
of employment is made.
HR industry
research suggests that
organizations using interviews
as their primary means of
screening will typically retain 2
out of 3
hires over the course of one
year. PHD research
has shown that
organizations can increase their
hiring success rate significantly
by incorporating performance
benchmarking into their hiring
practices. In one study for
example, a large U.S automobile
dealership that has used
PHD’s
performance benchmarking
approach since 1999 has observed
a dramatic 67% improvement
in overall sales performance.
When
organizations incorporate
performance benchmarking into
their hiring practices, they are
able to raise the standard of
excellence for employee
performance and new applicant
hiring.
With more top performers on a
team, employee performance and
productivity can be taken to new
levels. These new standards can,
in turn, be benchmarked and
further improved upon over time.
Organizations can, thus, continuously
improve the performance of
any team or department in their
organization.
Furthermore,
once organizations create
benchmarks for various
positions, they establish for
themselves an objective,
impartial
system for succession planning.
Any internal candidates for
promotion can be matched to the
appropriate benchmark and a
manager would be able to identify
those individuals with the best fit for the position.
In addition
to its multiple applications and
scientific precision,
PHD Performance Benchmarking
offers organizations a number
of operational and technological
benefits. As indicated above, the
system is web-based which means
that it is accessible to HR
staff and any job applicants
anytime, from any
Internet-connected
computer in the world. It can be
set-up for any position in a
matter
of minutes and the assessment
process takes, on average, 15 minutes for each participant. Percentage-Fit
reports are also
available online immediately
after applicants have finished
their
assessments. In addition, because
the system has been
designed for web-delivery, it is
far more affordable to use than
many of the more traditional
employee selection and
development
services.
Dr. Martin
Shoemaker is President of PHD. “Until
now, we have
provided the performance
benchmarking service essentially
off-line.
With our new web-based delivery
system, we are poised to offer
new and existing clients 24/7
access to the system, greater
usability and automated
reporting. We are certain that
our new
online system and improved
efficiencies will give many of
our
clients one more reason never to
hire without a PHD
benchmark.”“We
are extremely excited to announce
the launch of our
one-of-a-kind online Performance
Benchmarking system. More
than ever before, this new
delivery platform will provide
clients
with anytime, anywhere access to
our customized, scientific
benchmarking technology.This fact
also provides PHD with the
ability to service the global
business community. We look
forward to introducing the
benefits of Performance
Benchmarking to organizations
outside of North America,” said
PHD Director of Business Development and Marketing,
Jason M. Clark.
Precision Human Development (PHD)
is the leading provider of
online Performance Benchmarking
in Canada and the United
States. Performance Benchmarking
takes employee
performance and productivity to
new levels by enabling
organizations to scientifically
hire, promote or develop job
applicants whose behavioural
competencies most closely
match those of the top performers
in a position or the
organization’s
specific performance requirements. PHD has
its
headquarters in Vancouver,
British Columbia, Canada.
For
more information about this news
release and/or PHD’s
performance management solutions,
please visit
www.phdassessments.com
or call
toll-free
1-877-HIRE-PHD (1-877-447-3743).
Contact:
Melody Sousa
Precision Human Development
P: 1-877-447-3743 (HIRE-PHD)
E: msousa@phdassessments.com
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