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Affintus
So remind me again…why did we hire this guy?
October 24, 2012 | Deborah L. Kerr, Ph.D.




                                                                 Visit Our Blog!
                                                       http://affintus.com/blog-affintus/




               ©2012 Affintus Scientific Hiring, LLC
Optimizing Human Capital
     Streamline decision making
     Enhance productivity through people
     Match job and company to people
     Better people data, better business
      results


      Tweet live during the webinar #affintus !
Agenda
     Hiring success results
     Resume challenge
     Science and hiring
     Three small changes
     Measures + value
Hiring Results
   48% of new hires fail to meet performance
    targets within 18 months
   19% will become high performers
   4 in 10 promotions underperform or fail
FACT         FEW NEW HIRES BECOME HIGH
             PERFORMERS




       19%



                                  Everyone Else
                                  High Performers



                      81%
FACT



48%                 OF NEW HIRES FAIL TO MEET
                    TARGETS WITHIN
                    18 MONTHS




       Tweet live during the webinar #affintus !
FACT         MANY RESUMES CONTAIN
             ERRONEOUS INFORMATION




       44%
                                     accurate
                                     inaccurate
                         56%
Challenges
     Finding the right candidate takes too long.
     Employers settle for “good enough”.
     Hiring = HR + managers.
     Job seekers are unhappy, too.
Hiring is hard…
Resumes
                               Information is self reported.
                               …and hard to verify.
                               Error rate is high – up to 50%
                               Experience ≠ Success




https://www.smartrecruiters.com/news/survey-shows-hiring-is-broken-smartrecruiters-releases-new-hiring-platform-for-the-social-enterprise/
DECISIONS BASED ON INTERVIEWS HAVE ABOUT THE
       FACT                              SAME SUCCESS RATE AS FLIPPING A COIN


                                         Validity                             Source of candidate information


                                                1.0

                                                0.9

                                                0.8

                                                0.7                                  Cognitive Ability + Behavioral / Personality .67
                                                                                     Cognitive Ability + Structured Interview .63
                                                0.6                                  Cognitive Ability + Work Sample .60
                                                                                     Work Sample Tests .54
                                                0.5                                  Cognitive tests .51
                                                                                     Structured Interviews .51
                                                                                     Job Knowledge .48
                                                0.4
                                                                                     Personality Test .40
                                                0.3
                                                                                     References .26
                                                0.2                                  Unstructured Interviews .18
                                                                                     Years of Job Experience .18
                                                0.1                                  Years of Education .10
                                                                                     Interests .10



Schmidt, Frank L. and Hunter, John E. 1998. The validity and utility of selection methods in personnel psychology: Practical and theoretical implications of 85 years of research findings.
Psychological Bulletin 12: 262-274. Cited in: Robertson, I. T. Smith, Mike. 2001. Personnel selection. Journal of Occupational & Organizational Psychology 74(4): 441-472.
Better (and Faster) Hiring in 3 Steps
   Reduce reliance on the resume
   Analyze your top performers
   Structure the interview
Resume
  Figure out what is important in the job.
  Collect just the information you want and
   need.
  Remember: the resume is self-reported
   information.




    Tweet live during the webinar #affintus !
Analyze Your Top Performers
   Use a valid assessment to identify key
    success characteristics.
   Focus on strengths of high performers.
Structure the Interview
   Use behavioral interview questions.
   Rate each answer using a scale.
   Train interviewers to take notes.
   Remember the limits of an interview.
Your company will thank you.


                         50%




        10%
Time to Hire


Formula             TF = RR – OD          Time to acceptance
                    TS = RR – SD          Time to start

     TF =   Time until offer acceptance
     TS =   Time until new hire starts work
     RR =   Date requisition received
     OD =   Date offer accepted
     SD =   Date new hire starts
Productive Workforce


Formula              PW = HC – (%pNH)



  PW =       Productive Workforce
  HC =       Head Count
  %pNH =     New Hire Productivity Estimate
Affintus
Great people data. Great business results.
Deborah L. Kerr, Ph.D. | +1 866 429 4351 | info@affintus.com

       https://www.facebook.com/Affintus

       https://twitter.com/affintus
       #affintus
       http://www.youtube.com/user/affintus

       Visit Our Blog!
       http://affintus.com/blog-affintus/


                ©2012 Affintus Scientific Hiring, LLC

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Affintus - Why did we hire this guy webinar material

  • 1. Affintus So remind me again…why did we hire this guy? October 24, 2012 | Deborah L. Kerr, Ph.D. Visit Our Blog! http://affintus.com/blog-affintus/ ©2012 Affintus Scientific Hiring, LLC
  • 2. Optimizing Human Capital  Streamline decision making  Enhance productivity through people  Match job and company to people  Better people data, better business results Tweet live during the webinar #affintus !
  • 3. Agenda  Hiring success results  Resume challenge  Science and hiring  Three small changes  Measures + value
  • 4. Hiring Results  48% of new hires fail to meet performance targets within 18 months  19% will become high performers  4 in 10 promotions underperform or fail
  • 5. FACT FEW NEW HIRES BECOME HIGH PERFORMERS 19% Everyone Else High Performers 81%
  • 6. FACT 48% OF NEW HIRES FAIL TO MEET TARGETS WITHIN 18 MONTHS Tweet live during the webinar #affintus !
  • 7. FACT MANY RESUMES CONTAIN ERRONEOUS INFORMATION 44% accurate inaccurate 56%
  • 8. Challenges  Finding the right candidate takes too long.  Employers settle for “good enough”.  Hiring = HR + managers.  Job seekers are unhappy, too.
  • 10. Resumes  Information is self reported.  …and hard to verify.  Error rate is high – up to 50%  Experience ≠ Success https://www.smartrecruiters.com/news/survey-shows-hiring-is-broken-smartrecruiters-releases-new-hiring-platform-for-the-social-enterprise/
  • 11. DECISIONS BASED ON INTERVIEWS HAVE ABOUT THE FACT SAME SUCCESS RATE AS FLIPPING A COIN Validity Source of candidate information 1.0 0.9 0.8 0.7 Cognitive Ability + Behavioral / Personality .67 Cognitive Ability + Structured Interview .63 0.6 Cognitive Ability + Work Sample .60 Work Sample Tests .54 0.5 Cognitive tests .51 Structured Interviews .51 Job Knowledge .48 0.4 Personality Test .40 0.3 References .26 0.2 Unstructured Interviews .18 Years of Job Experience .18 0.1 Years of Education .10 Interests .10 Schmidt, Frank L. and Hunter, John E. 1998. The validity and utility of selection methods in personnel psychology: Practical and theoretical implications of 85 years of research findings. Psychological Bulletin 12: 262-274. Cited in: Robertson, I. T. Smith, Mike. 2001. Personnel selection. Journal of Occupational & Organizational Psychology 74(4): 441-472.
  • 12. Better (and Faster) Hiring in 3 Steps  Reduce reliance on the resume  Analyze your top performers  Structure the interview
  • 13. Resume  Figure out what is important in the job.  Collect just the information you want and need.  Remember: the resume is self-reported information. Tweet live during the webinar #affintus !
  • 14. Analyze Your Top Performers  Use a valid assessment to identify key success characteristics.  Focus on strengths of high performers.
  • 15. Structure the Interview  Use behavioral interview questions.  Rate each answer using a scale.  Train interviewers to take notes.  Remember the limits of an interview.
  • 16. Your company will thank you. 50% 10%
  • 17. Time to Hire Formula TF = RR – OD Time to acceptance TS = RR – SD Time to start  TF = Time until offer acceptance  TS = Time until new hire starts work  RR = Date requisition received  OD = Date offer accepted  SD = Date new hire starts
  • 18. Productive Workforce Formula PW = HC – (%pNH)  PW = Productive Workforce  HC = Head Count  %pNH = New Hire Productivity Estimate
  • 19. Affintus Great people data. Great business results. Deborah L. Kerr, Ph.D. | +1 866 429 4351 | info@affintus.com https://www.facebook.com/Affintus https://twitter.com/affintus #affintus http://www.youtube.com/user/affintus Visit Our Blog! http://affintus.com/blog-affintus/ ©2012 Affintus Scientific Hiring, LLC