Hiring with No Real Data? Try the AMAZING JOB BENCHMARK for Accurate Selection
Speaker
L & D Expert, RussellMartin & Assoc.
Webinar Recording Details
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Date and TimeWed, Jun 15, 2022 at 12PM Pacific / 3PM Eastern
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Duration1 Hour
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Cost$0 (Free)
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Want Access?Register to view the recording.
Handouts
Description
How many times have you found and/or kept a superior performer .? According to Careerbuilder, 3 out of 4 small business employers have hired the wrong person. 74 % say they have hired the wrong person for a position. It turns out that employees ‘think’ they can pick the best, but most don’t really know how to find and hire new candidates.
The United States Department of Labor puts the cost of a bad hire at up to 30% of the employee. Poor hires can result in lost productivity and expenses in hiring, recruiting mistakes and ineffective training workshops. And it gets worse… managers also spend too much time supervising poorly performing employees who were chosen. Gallop estimates that in the US, businesses lost $450 - $550 billion dollars in productivity because of inadequate vetting of new candidates.
The hard skills for a job are fairly easy to determine: things like level of education, experience and technical skills. What is sometimes harder to determine is what “type of person” would be most successful — one that would fit the role as well as the organizational culture. It requires time and attention in the selection process. Using a Job Benchmark based on the job requires due diligence in hiring. The TTI Job Benchmark process starts with:
To get started, use SMEs and the hiring manager to discuss:
Join Lou Russell (Lou@Russellmartin.com) to learn more about creating Job Benchmarks and how to improve your hiring practice.
The United States Department of Labor puts the cost of a bad hire at up to 30% of the employee. Poor hires can result in lost productivity and expenses in hiring, recruiting mistakes and ineffective training workshops. And it gets worse… managers also spend too much time supervising poorly performing employees who were chosen. Gallop estimates that in the US, businesses lost $450 - $550 billion dollars in productivity because of inadequate vetting of new candidates.
The hard skills for a job are fairly easy to determine: things like level of education, experience and technical skills. What is sometimes harder to determine is what “type of person” would be most successful — one that would fit the role as well as the organizational culture. It requires time and attention in the selection process. Using a Job Benchmark based on the job requires due diligence in hiring. The TTI Job Benchmark process starts with:
- Identifying the specific job to be benchmarked
- Identify Subject Matter Experts (SMEs) that have a clear understanding of what the job is and what is involved to create superior performance within that role.
To get started, use SMEs and the hiring manager to discuss:
- Duties – create a list of all the activities and tasks required for the JOB
- Use Key Results to group duties’ that are similar and title them
- Insist on specific and measurable statement for each Key Performance Indicators (KPIs)
- Create and validate the Benchmark (high and low results)
- Compare the top candidates with the Job Benchmark (TriMetrix Job Plus/Talent Comparison)
- Debrief the hiring manager / stakeholders while looking at the results
Join Lou Russell (Lou@Russellmartin.com) to learn more about creating Job Benchmarks and how to improve your hiring practice.
About Lou Russell
Lou Russell is the CEO/Queen of RMA, an executive consultant, speaker, and author whose passion is to create growth in companies by guiding the growth of their people. In her speaking, training, and writing, Lou draws on 30 years of experience helping organizations achieve their full potential. She inspires improvement in leadership, project management, and individual learning.
Lou is the author of seven popular and practical books: IT Leadership Alchemy, The Accelerated Learning Fieldbook, Training Triage, Leadership Training, Project Management for Trainers, 10 Steps to Successful Project Management and Managing Projects. As a sought-after international speaker, Lou blends her humorous stories with her on-the-ground experience to speak to the real problems of the people in the room. Encouraged by Lou’s upbeat and practical style, every learner leaves with new enthusiasm and tools to improve their bottom line.
You will be moving, laughing, participating, inspired and challenged. Most importantly to Lou, you will learn.