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Predicting sales performance
Talent Q’s Dimensions provides cost-effective assessment


Hay Group and Talent Q | November 2010




  Talent Q assessments
                                              Talent Q’s Dimensions provides a cost-effective way to measure
  were developed by                           the capability of sales staff, especially when assessing large
  Roger Holdsworth,                           numbers in revenue-critical roles.
  pioneer in work-based
  psychometric testing.

                                              Selecting the best                                      resulting predictions with employees’ actual
                                              Two recent studies demonstrate the contribution         performance against sales targets.
                                              that a carefully chosen personality test can make
                                              to the tricky business of predicting performance        The test chosen was Dimensions, an online
                                              – especially when in-depth assessments of               assessment that measures the key, work-related
                                              behavior are too difficult or costly to carry out.      aspects of personality covered by a range
                                                                                                      of other personality measures. Participants
                                              Talent Q ran assessments with employees                 undertook a single assessment that explored
                                              in sales roles – 60 in telecoms and 29 in a             how they approached tasks, how they managed
                                              pharmaceutical company – and compared the               relationships and what motivated them.




 Pharmaceutical sales roles: percentage of target achieved                             Telecoms sales roles: actual sales achieved ($’000s)
100                                                                                 1800

                                                                                    1700
  90
                                                                                    1600

  80                                                                                1500

                                                                                    1400
  70                                                                                1300

                                                                                    1200
  60
                                                                                    1100

  50                                                                                1000
              Lower performers                      Higher performers                              Lower performers                    Higher performers
                     (as predicted by Dimensions assessment)                                            (as predicted by Dimensions assessment)


  n The pharmaceutical sales professionals who
                                                                                  n    Predicted higher performers in the telecoms
                                                                                        
       were predicted to be higher performers                                           company sold 11 per cent more than lower
       achieved 7 per cent higher sales against target.                                 performers and 14 per cent higher than target.




                                                                                                      With an added value figure ranging from $70k to
                                                                                                      $170k per employee, set against an assessment
                                                                                                      cost of under $150, the findings provided
                                                                                                      reassurance that psychometrics offer a pragmatic
                                                                                                      and prudent solution.




©2010 Hay Group. All rights reserved
Hay Group and Talent Q | November 2010




                                       Supporting every stage of the                        Personal development – insights about
  Global agreement                                                                          individuals’ personalities, strengths and
                                       talent lifecycle                                     development needs that inform the best
  brings two additional
  assessments to                       Dimensions works by measuring behavioral             development options.
  Hay Group’s clients:                 preferences. It explores how individuals approach
                                       tasks, how they manage relationships with others     Team building – individual and group-based
  Elements:                            and what drives them. An individual’s preferences    data that illustrate the strengths and weaknesses
  an ability test that                 do not guarantee that he or she will behave in a     of a team as a whole, pointing to how it can
  measures numerical,                  certain way, but they do indicate those behaviors    best be developed.
  logical and verbal                   that are more comfortable; that an individual is
  reasoning                            more likely to demonstrate.                          Development and coaching of leaders and
                                                                                            managers – deep insight into the qualities
  Dimensions:
                                       What sets Dimensions apart is its versatility.       that help – and inhibit – leadership growth.
  a comprehensive
                                       A single assessment can generate multiple reports
  assessment that                                                                           Comprehensive training needs analysis –
                                       for use across all stages of the talent lifecycle:
  measures most of                                                                          Dimensions can be used alongside Hay Group’s
  the key aspects of                   Recruiting – accurate hiring decisions and           classic assessments – leadership styles, team
  personality covered                  faster, more efficient recruitment processes.        climate, competencies, EI or motives – to give
  in other tests.                                                                           an in-depth combination of personality and
                                       Identifying high potential – a range of employee     behavioral data.
                                       data to feed into talent pipeline management.




                                         Further information and support
                                         For more information about Dimensions and Elements, and their use and applications contact
                                         your local Hay Group office or go to:
                                         www.atrium.haygroup.com




                                           About Hay Group
                                           Hay Group is a global management consulting firm that works with leaders to transform strategy
                                           into reality. We develop talent, organize people to be more effective and motivate them to perform
                                           at their best. Our focus is on making change happen and helping people and organizations realize
                                           their potential.

                                           We have over 2600 employees working in 85 offices in 49 countries. Our clients are from the private,
                                           public and not-for-profit sectors, across every major industry. For more information please contact
                                           your local office through www.atrium.haygroup.com.




©2010 Hay Group. All rights reserved

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Predicting Sales Performance

  • 1. Predicting sales performance Talent Q’s Dimensions provides cost-effective assessment Hay Group and Talent Q | November 2010 Talent Q assessments Talent Q’s Dimensions provides a cost-effective way to measure were developed by the capability of sales staff, especially when assessing large Roger Holdsworth, numbers in revenue-critical roles. pioneer in work-based psychometric testing. Selecting the best resulting predictions with employees’ actual Two recent studies demonstrate the contribution performance against sales targets. that a carefully chosen personality test can make to the tricky business of predicting performance The test chosen was Dimensions, an online – especially when in-depth assessments of assessment that measures the key, work-related behavior are too difficult or costly to carry out. aspects of personality covered by a range of other personality measures. Participants Talent Q ran assessments with employees undertook a single assessment that explored in sales roles – 60 in telecoms and 29 in a how they approached tasks, how they managed pharmaceutical company – and compared the relationships and what motivated them. Pharmaceutical sales roles: percentage of target achieved Telecoms sales roles: actual sales achieved ($’000s) 100 1800 1700 90 1600 80 1500 1400 70 1300 1200 60 1100 50 1000 Lower performers Higher performers Lower performers Higher performers (as predicted by Dimensions assessment) (as predicted by Dimensions assessment) n The pharmaceutical sales professionals who n Predicted higher performers in the telecoms were predicted to be higher performers company sold 11 per cent more than lower achieved 7 per cent higher sales against target. performers and 14 per cent higher than target. With an added value figure ranging from $70k to $170k per employee, set against an assessment cost of under $150, the findings provided reassurance that psychometrics offer a pragmatic and prudent solution. ©2010 Hay Group. All rights reserved
  • 2. Hay Group and Talent Q | November 2010 Supporting every stage of the Personal development – insights about Global agreement individuals’ personalities, strengths and talent lifecycle development needs that inform the best brings two additional assessments to Dimensions works by measuring behavioral development options. Hay Group’s clients: preferences. It explores how individuals approach tasks, how they manage relationships with others Team building – individual and group-based Elements: and what drives them. An individual’s preferences data that illustrate the strengths and weaknesses an ability test that do not guarantee that he or she will behave in a of a team as a whole, pointing to how it can measures numerical, certain way, but they do indicate those behaviors best be developed. logical and verbal that are more comfortable; that an individual is reasoning more likely to demonstrate. Development and coaching of leaders and managers – deep insight into the qualities Dimensions: What sets Dimensions apart is its versatility. that help – and inhibit – leadership growth. a comprehensive A single assessment can generate multiple reports assessment that Comprehensive training needs analysis – for use across all stages of the talent lifecycle: measures most of Dimensions can be used alongside Hay Group’s the key aspects of Recruiting – accurate hiring decisions and classic assessments – leadership styles, team personality covered faster, more efficient recruitment processes. climate, competencies, EI or motives – to give in other tests. an in-depth combination of personality and Identifying high potential – a range of employee behavioral data. data to feed into talent pipeline management. Further information and support For more information about Dimensions and Elements, and their use and applications contact your local Hay Group office or go to: www.atrium.haygroup.com About Hay Group Hay Group is a global management consulting firm that works with leaders to transform strategy into reality. We develop talent, organize people to be more effective and motivate them to perform at their best. Our focus is on making change happen and helping people and organizations realize their potential. We have over 2600 employees working in 85 offices in 49 countries. Our clients are from the private, public and not-for-profit sectors, across every major industry. For more information please contact your local office through www.atrium.haygroup.com. ©2010 Hay Group. All rights reserved