Success Can Be Predicted


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Whether you are looking for a predictive solution to select new hires or to evaluate existing talent for succession planning purposes, Predictor can help. Check out how...

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Success Can Be Predicted

  1. 1. PREDICTOR <ul><ul><li>Success Can Be Predicted </li></ul></ul><ul><ul><ul><li>Screening </li></ul></ul></ul><ul><ul><ul><li>Selection </li></ul></ul></ul><ul><ul><ul><li>Alignment </li></ul></ul></ul><ul><ul><ul><li>Development </li></ul></ul></ul><ul><ul><ul><li>Succession Planning </li></ul></ul></ul>
  2. 2. <ul><li>Do you need to? </li></ul><ul><li>Base your selection strategies on specific competencies that relate to on the job success? </li></ul><ul><li>Improve your selection accuracy for new hires based on predictive data? </li></ul><ul><li>Evaluate your existing talent pool to determine best fit for succession planning purposes? </li></ul><ul><li>Ensure that you allocate development and training dollars to the talent that have the potential to outperform their peers? </li></ul><ul><li>Address turnover challenges to redirect wasted dollars to the bottom line? </li></ul><ul><li>Use consistent predictive data for all your talent management decisions? </li></ul>Is Predictor right for your organization?
  3. 3. What is Predictor? <ul><li>Predictor is a solution suite that measures the key behaviours and attributes of successful job incumbents to create a predictive profile for selection, development and succession planning strategies. </li></ul><ul><li>Specifically measures work-style preferences, motivational drivers, cognitive abilities, candidate validity and coach-ability </li></ul><ul><li>Initial development – US Dept of Justice (1973). </li></ul><ul><li>Global empirical research 14 years, database of 300,000 professionals across 20 industries. </li></ul><ul><li>Based on actuarial science – i.e. predictive of future performance v’s descriptive of present skills. </li></ul><ul><li>The most predictive talent assessment tool on the market, proven to reduce turnover by 30%, increase productivity by 35% and give you 85% selection accuracy. </li></ul>
  4. 4. How is Predictor different? <ul><li>Predictor was designed to predict future job performance rather than to measure theories of personality (i.e. predictive v’s descriptive). </li></ul><ul><li>Personality assessments, such as OPQ, Myers Briggs, DiSC, Caliper, Hogan and Facet 5 follow a ‘one size fits all’ off the shelf trend. They are useful tools, but they do not predict job success. Predictor does. </li></ul><ul><li>Using Predictor involves correlating objective individual performance measures from incumbents and using this data to create very specific competency based success profiles. </li></ul><ul><li>This process involves clear differentiation between high performers and low performers. It’s the most statistically valid way to predict success of new hires. </li></ul><ul><li>The Talent Audit…see next slide. </li></ul>
  5. 5. Applications of Predictor <ul><li>An accurate selection blueprint for new hires, complete with hiring recommendations. </li></ul><ul><ul><li>Personal motivators, working styles and coaching tips are provided to ensure hiring managers thoroughly understand candidates who are hired. </li></ul></ul><ul><ul><li>Evaluate existing talent pool for succession planning and potential suitability against various roles (see below): </li></ul></ul>
  6. 6. Benefits of Predictor <ul><ul><li>Leverage your investment – one talent analytic to be used for selection, development, alignment and succession. </li></ul></ul><ul><ul><li>Reduce your turnover – screen out candidates who are missing the critical skills and redeploy current incumbents into more appropriate roles. </li></ul></ul><ul><ul><li>Increase productivity and engagement - help sales team understand how to leverage their skills and put the right people into the right roles, increasing their chances for success. </li></ul></ul><ul><ul><li>Drive up revenue by having a stronger sales team that has the skills to be “the benchmark of excellence”. </li></ul></ul><ul><ul><li>Reduce the time and cost to hire by using Predictor early in the recruitment cycle. </li></ul></ul><ul><ul><li>Focus your training - a detailed list of “desirable behaviours” and “undesirable behaviours” supports the development of a sales training curriculum. </li></ul></ul>
  7. 7. ROI 7 <ul><li>Up to 30% reduction in turnover: </li></ul><ul><li>Up to 35% increase in employee productivity </li></ul><ul><li>85%+ accuracy in identifying effective performers </li></ul>Using Predictor for selection, our clients have consistently realized results 25% to 30% better than chance! Hiring success rates aren’t much better than a coin toss Clients from small to large, local to global, with results representing Selection Method Improvement Over “Chance” Interview/ Personality Tests Experience Scorable Interview 1% increase 1% increase 5% increase 7% increase
  8. 8. Success can be predicted… Contact me now to discuss how Predictor can help your business: Matt Goff Director, Client Solutions 416 640 4324 [email_address]
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