In today’s highly competitive market, it’s hard to attract and hire top talent, let alone retain it. Since your people are your most important asset, it’s imperative that you hire the right people with the right skills and talents for the job. More importantly, once you hire them, you need to develop your talent to ensure that they continue to grow and contribute at a high level. In fact, most employees cite the lack of development and opportunity as the #1 reason they leave for other opportunities.
According to the SHRM Human Capital Benchmarking Report 2016, the average cost for a company to hire an employee is $4,129. Furthermore, ERE Media estimates that the real cost of employee turnover ranges between 30-50% of their annual salary for an entry level employee, 150% of their annual salary for a mid-level employee, and up to 400% of their annual salary for a high-level employee. The bottom line is that hiring a new employee requires an investment of time and money. You can’t afford to make the costly mistake of hiring the wrong person, or worse yet, losing your top talent because you’re not actively challenging and developing them. The good news is that with our help – you don’t have to!
We’ve partnered with TTI Success Insights® and specialize in job benchmarking, hiring, and talent development assessments and solutions. TTI SI believes all people have unique talents and skills of which they are often unaware, and exists to reveal and harness those talents into performance for the good of individuals and organizations alike. For over 30 years, TTI SI has created and distributed a suite of assessments that have stood the test of time and continue to help leaders place people in the right jobs, develop talent and build winning teams. TTI SI assessments are at work in Fortune 1000 companies worldwide and have provided results for more than 100,000 companies over the years. TTI SI’s research into five dimensions of superior performance are measured by our research-based assessments, which analyze:
With a tenacious, innovative culture, TTI SI transforms potential to productivity, performance and profits. Every 27 seconds, someone is taking a TTI SI assessment to increase their self-awareness and grow their career.
Our job benchmarking process allows you to determine the key metrics for success at your company and for specific roles within your company by benchmarking your top talent. Our four- phase process will help you hire only the best candidates that will be an ideal fit for the position you are hiring:
Identify the Job and “Subject Matter Experts”.It is important to understand why the job exists, how success in the job is measured, the history of the position and how it fits the company strategy. The Subject Matter Experts (SMEs) are people within the organization that have a direct connection to the job. Their expertise will help you create the job benchmark.
Define, Prioritize and Weigh Key Accountabilities.Through discussion, the SMEs will define a comprehensive yet succinct group of 3-5 key accountabilities for the position. These will be ranked by importance and time requirement.
Respond to the Job Assessment and Review the Multiple Respondent Report.The SMEs will respond to the Job Assessment keeping the Key Accountabilities in mind. Based on a unique analysis, the Multiple Respondent Report combines the input of all SMEs to create a benchmark for the job.
Compare Talent to the Job Benchmark using a Gap Report.A talent assessment on the same scale as the job will identify the characteristics an individual will bring to the job, allowing you to easily determine the best job fit and identify coaching opportunities. Within the framework of a company’s overall selection process, effective hiring decisions can be made and productivity can begin immediately.
Our assessments will give you the edge in your hiring process by providing you factual, data-based information on behaviors, motivators and competencies that you just can’t obtain from interviews alone. This information will not only help you to hire the right person, it will also help you motivate, manage and develop them during your onboarding process.
The first step in any talent development process is to identify how the employee is performing currently with respect to the key performance metrics required to do their job. Then we can compare where they are currently to where they need to be for outstanding performance. This allows us to strategically build an individual development plan to coach and develop them to the next level.
Our assessment tools will assess the current behaviors, motivators, acumen, competencies and emotional intelligence of the person that you are looking to develop. This will provide you with the tools that you need to better manage, motivate, and develop them to the next level. Additionally, our 360º assessment tools can provide you with an additional level of feedback and insight as well.
Interested in taking the next step? If you’d like to learn more about how our assessments can help you develop your talent, click the link below and we’ll have someone reach out to provide you with more information.
Interested in taking the next step?
If you’d like to learn more about how our assessments can give you the edge you need with your hiring and talent development programs, simply provide your contact information and we’ll have one of our assessment experts reach out to you for a conversation to see if our assessments might be a good fit for you. We’re looking forward to connecting with you!
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