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Business Impact Study




GLOBAL TALENT METRICS
HOW A LEADING BPO IS LEVERAGING ASSESSMENT
  TOOLS & TECHNOLOGY TO MAKE EFFECTIVE
             HIRING DECISIONS
The Challenge
                               As the largest front line hiring organization the company was incurring
                               significant hiring costs due to a high dependence on channel partners for
                               60% of its hiring needs. The costs incurred additionally as a result of
                               employee turnover only resulted in significant underperformance from the
                               HR organization.




Solution
By deploying a combination of sourcing technology and predictive assessment tools from the award
winning STAR™ (System for Talent Attraction and Retention ) platform, the organization successfully
hired +7000 front line employees in the last 12 months and reduced its dependence on channel
partners as low as 25%. How did we help?

1.     Improved sourcing technology - Reduced dependancy on Channel Partners
2.     Re ordering assessment tools reduced cost per assessment
3.     Introduced Predictive Attrition tool - Reduced offer drops and early attrition by 50%
4.     Reduction in direct and indirect cost - 50% reduction in internal staff
5.     Significantly enhance predictability and control of talent Supply chain




            Improved Sourcing through Technology                         Attrition Prediction Tool - Reduced offer
                                                                              drops and early attrition by 50%




 Email to contactus@stargtm.com for other client business impact studies
How Effective Are Your Company's
Strategic Talent Acquisition Initiatives?
The time has come for HR professionals to move from talking about the
need to become strategic business partners to delivering by designing and
executing talent initiatives that are strategic in nature. CEOs have come to
realize that they need to get their talent management initiatives right; to
execute their strategic objectives. But what does getting it ‘right’ mean
when it comes to a company's talent management initiatives?




“Are your talent acquisition processes working? Are they effective?

BPO is no longer an optional strategy but it is a strategic necessity globally. BPO and IT continue to find
favour with organizations looking to slash costs and raise productivity. Low labour costs, a huge pool of
skilled manpower, and abundant natural resources make India a highly competitive manufacturing base
for global exports in addition to catering to the vast domestic market.

The industry is surging ahead under this confidence and coping with the process of hiring large numbers.
For such high performing organizations, attracting, hiring and retaining the right talent is a decisive
function altogether. Finding the right kind of employee is quite a challenge and tougher still is the task of
keeping the hiring cost low.

The high hiring cost has been largely caused by the high rate of employee turnover. Typically, top BPO
companies spend a significant amount of money to hire droves of people. The average per person hiring
cost being in the Rs 10,000-Rs 12,000 range, the top 10 BPO players alone spend a massive Rs 50
crore to Rs 60 crore every year on hiring.
Global Talent Metrics

            Global Talent Metrics is a human resource information services company,
            dedicated to helping organizations and individuals make better hiring
            decisions with greater confidence and control.

            Our vision is for Global Talent Metrics' psychometrics, HR analytics and
            technology to become a necessary part of every organization's hiring
            decisions. We are committed to developing the highest quality, scientific
            and powerful tools for the Indian market by combining 30 years of proven
            science and experience with the most demanding customers, with India
            centric research and data.

            Our product line – STAR™ is based on 30 years of scientific heritage. We
            believe hiring is not perfect, but is a science, and we can help employers
            significantly reduce the cost of wrong hires, promotions and selections.




   Winner of the 2010 RASBIC Award for the "Best Recruiting Evaluation Technique"




                                               INDIA                             USA
                                               505, 5th Floor,                   500 Winderley Place
                                               Barton Cneter                     Suite 244,
                                               No.84, M G Road                   Maitland
                                               Bangalore 560 001                 Florida 32751




For more information on STAR™, India's pioneering Hiring Risk Management System from Global Talent Metrics
                                                                                                             SM/GTM/20100427/CS-002




write to : contactus@stargtm.com                                                   www.stargtm.com

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Business Impact Study - BPO Executive Series June 2010

  • 1. Business Impact Study GLOBAL TALENT METRICS HOW A LEADING BPO IS LEVERAGING ASSESSMENT TOOLS & TECHNOLOGY TO MAKE EFFECTIVE HIRING DECISIONS
  • 2. The Challenge As the largest front line hiring organization the company was incurring significant hiring costs due to a high dependence on channel partners for 60% of its hiring needs. The costs incurred additionally as a result of employee turnover only resulted in significant underperformance from the HR organization. Solution By deploying a combination of sourcing technology and predictive assessment tools from the award winning STAR™ (System for Talent Attraction and Retention ) platform, the organization successfully hired +7000 front line employees in the last 12 months and reduced its dependence on channel partners as low as 25%. How did we help? 1. Improved sourcing technology - Reduced dependancy on Channel Partners 2. Re ordering assessment tools reduced cost per assessment 3. Introduced Predictive Attrition tool - Reduced offer drops and early attrition by 50% 4. Reduction in direct and indirect cost - 50% reduction in internal staff 5. Significantly enhance predictability and control of talent Supply chain Improved Sourcing through Technology Attrition Prediction Tool - Reduced offer drops and early attrition by 50% Email to contactus@stargtm.com for other client business impact studies
  • 3. How Effective Are Your Company's Strategic Talent Acquisition Initiatives? The time has come for HR professionals to move from talking about the need to become strategic business partners to delivering by designing and executing talent initiatives that are strategic in nature. CEOs have come to realize that they need to get their talent management initiatives right; to execute their strategic objectives. But what does getting it ‘right’ mean when it comes to a company's talent management initiatives? “Are your talent acquisition processes working? Are they effective? BPO is no longer an optional strategy but it is a strategic necessity globally. BPO and IT continue to find favour with organizations looking to slash costs and raise productivity. Low labour costs, a huge pool of skilled manpower, and abundant natural resources make India a highly competitive manufacturing base for global exports in addition to catering to the vast domestic market. The industry is surging ahead under this confidence and coping with the process of hiring large numbers. For such high performing organizations, attracting, hiring and retaining the right talent is a decisive function altogether. Finding the right kind of employee is quite a challenge and tougher still is the task of keeping the hiring cost low. The high hiring cost has been largely caused by the high rate of employee turnover. Typically, top BPO companies spend a significant amount of money to hire droves of people. The average per person hiring cost being in the Rs 10,000-Rs 12,000 range, the top 10 BPO players alone spend a massive Rs 50 crore to Rs 60 crore every year on hiring.
  • 4. Global Talent Metrics Global Talent Metrics is a human resource information services company, dedicated to helping organizations and individuals make better hiring decisions with greater confidence and control. Our vision is for Global Talent Metrics' psychometrics, HR analytics and technology to become a necessary part of every organization's hiring decisions. We are committed to developing the highest quality, scientific and powerful tools for the Indian market by combining 30 years of proven science and experience with the most demanding customers, with India centric research and data. Our product line – STAR™ is based on 30 years of scientific heritage. We believe hiring is not perfect, but is a science, and we can help employers significantly reduce the cost of wrong hires, promotions and selections. Winner of the 2010 RASBIC Award for the "Best Recruiting Evaluation Technique" INDIA USA 505, 5th Floor, 500 Winderley Place Barton Cneter Suite 244, No.84, M G Road Maitland Bangalore 560 001 Florida 32751 For more information on STAR™, India's pioneering Hiring Risk Management System from Global Talent Metrics SM/GTM/20100427/CS-002 write to : contactus@stargtm.com www.stargtm.com