The document discusses building a model to measure the value of employee hires. It notes that 3 out of 4 hires are wrong, costing UK businesses billions each year in managing poor performers. Currently, hiring focuses on cost, time and quality, but should instead measure value. The opportunity presented is to work with a business to define how to objectively measure the value an employee provides through a "quality model" established at the point of hire to ensure the best talent is selected.

1. Chemistry Select Building A Value of Hire Model Roger Philby Chemistry © Chemistry Select: 2011 A presentation for Talent Puzzle

2. Why It Matters 3 out of 4 hires for business are wrong! © Chemistry Select: 2011 A presentation for Talent Puzzle

3. Why That Matters ? “A single mishire costs UK Plc 4-14x the base salary” CIPD & Topgrading, Brad Smart £24bna year is spent on managing poor performers Source: Future Foundation project – Getting the Edge in the New People Economy © Chemistry Select: 2011 A presentation for Talent Puzzle

4. Problem Statement Cost Cost Hiring Today Value Based Hiring © Chemistry Select: 2011 A presentation for Talent Puzzle Quality Time Quality Time

5. Outcome Based Measurement Established WGLL Built objective screening Performance management embedded © Chemistry Select: 2011 A presentation for Talent Puzzle

6. Point of Hire Based Measurement Established WGLL Built objective screening % Fit against Potential & Day 1 Performance © Chemistry Select: 2011 A presentation for Talent Puzzle

7. Performance Based Measurement Established WGLL Matrix used at point of hire Best Talent Regime embedded Most Businesses Energis © Chemistry Select: 2011 A presentation for Talent Puzzle

8. Here’s The Opportunity… With the business, define the “employee value measurement” Define the “Quality Model” that supports this, objectively measure it Decide to do it, it’s a choice! © Chemistry Select: 2011 A presentation for Talent Puzzle

9. Thank You Roger Philby Chemistry For a slightly more controversial view on this subject please go to our blog http://itstalentstupid.com A presentation for Talent Puzzle © Chemistry Select: 2011