Hire Smart


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Despite the high unemployment rate, many employers are still grumbling they cannot find skilled workers. Many companies are making bad hiring decisions from the start, not providing adequate training for their existing employees or doing enough promoting within their own company. The cost of making the wrong hire is high, with some estimates placing the cost at 100%-150% of the individual’s salary. Watch the presentation to learn how to hire smart and reduce employee turnover.

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  • That completes our review of fourth quarter and full year 2006 results I would now like to turn your attention to our Investor Day presentations…..
  • Hire Smart

    1. 1. Hire Smart Jennifer Machin, President, The Oliver Group A PI Worldwide Member Firm Excerpts from ‘Why Companies Aren’t Getting The Employees They Need’ – A Wall Street Journal Article
    2. 2. Roadmap <ul><li>Lack of Skilled Workers? </li></ul><ul><li>Employers - The Real Culprit </li></ul><ul><li>Statistics </li></ul><ul><li>Hiring The Right Fit </li></ul><ul><li>The Advantages </li></ul><ul><li>Conclusion </li></ul>
    3. 3. Lack of Skilled Workers? <ul><li>Despite The High Unemployment Rate, Many Employers Are Still Grumbling They Cannot Find Skilled Workers </li></ul><ul><li>Even With Unemployment Hovering Around 9%, Companies Are Grousing That They Can't Find Skilled Workers, And Filling A Job Can Take Months Of Hunting </li></ul><ul><li>Employers Are Quick To Lay Blame. E.g. Schools Aren't Giving Kids The Right Kind Of Training. The List Goes On And On </li></ul><ul><li>But Are Employers The Real Culprit? </li></ul>
    4. 4. <ul><li>With An Abundance Of Workers To Choose From, Employers Are Demanding More Of Job Candidates Than Ever Before </li></ul><ul><li>They Want Prospective Workers To Be Able To Fill A Role Right Away, Without Any Training Or Ramp-up Time </li></ul><ul><li>The Reality Is That Many Companies Are Making Bad Hiring Decisions From The Start, Not Providing Adequate Training For Their Existing Employees Or Doing Enough Promoting Within Their Own Company </li></ul>Employers - The Real Culprit
    5. 5. <ul><li>The Unemployment Rate For Professional Workers Over Age 25 With Four-year Degrees Sits At Only 4.2% </li></ul><ul><li>However The Unemployment Rate At Large Is 8.5% Or Higher In Many Areas Of The Country </li></ul><ul><li>Employers Need To Be Looking At All Levels And Roles In Their Searches For Top Talent For Their Highly Skilled Positions </li></ul><ul><li>The Cost Of Making The Wrong Hire Is High, With Some Estimates Placing The Cost At 100%-150% Of The Individual’s Salary </li></ul>Statistics
    6. 6. Statistics
    7. 7. <ul><li>To Reduce The Risk Of Hiring Someone Who Is Not Likely To Succeed In A Particular Job, Companies Are Turning To Behavioral Assessments To Determine The Fits And Gaps Between A Job Candidate And A Specific Position </li></ul><ul><li>The Predictive Index® (PI®) A Proven And Reliable Workplace Behavioral Assessment Has Helped Expedite And Simplify The Search Process, Ensuring The Right People Are In The Right Roles From The Start And Throughout Their Careers With The Organization </li></ul>Hiring The Right Fit
    8. 8. <ul><li>By Allowing The Employer To Pinpoint Candidates Who Express The Ideal Behaviors For A Specific Job, Organizations Are More Likely To Attract And Retain The Right Talent For The Long Term </li></ul><ul><li>The PI® Can Also Help Employers Promote From Within, Which Can Save A Tremendous Amount On Recruiting Expenses, On Boarding Time And Retention Costs </li></ul><ul><li>You Probably Have A High Potential Employee Sitting Right Under Your Nose </li></ul>The Advantages
    9. 9. <ul><li>Employees Have Useful Knowledge That No Outsider Could Have And Should Make Great Candidates For Filling Jobs Higher Up </li></ul><ul><li>With The Right Training, PI® Will Allow Them To Transition To New Responsibilities And Demands In Your Organization, While Leveraging Their Natural Strengths </li></ul><ul><li>Additional Technical Training For Up-and-coming Employees Or A Leadership Development Program For Your Managers Would Prepare Them For Future Challenges </li></ul>Conclusion
    10. 10. Conclusion <ul><li>Employers Commonly Hire By Using Their “Gut,” But Organizations Can Hire Smarter By Using A Metric-Based Model And Taking An Objective Look At The Talent Pool, Inside And Outside Of Your Organization. </li></ul><ul><li>The Oliver Group Has Been A Valued Leadership Consulting Firm For Over 25 Years. Get More Information On The Knowledge And Assessment Insights That The PI® Provides To Optimize Your People on http://bit.ly/OliverGroup . </li></ul><ul><li> </li></ul>
    11. 11. <ul><li>Thank you! </li></ul><ul><li>Questions? [email_address] | @piworldwide </li></ul><ul><li>http://www.linkedin.com/company/pi-worldwide </li></ul><ul><li>More Information: http://www.piworldwide.com </li></ul>