Better beans make for better results.
It’s clear. People drive an organization’s success. Regardless of your company’s strategy or business model, you need the right people in place to effectively execute your plan in a scalable and sustainable manner.
Do you know how to hire, manage, develop, and retain quality talent that can support your business needs? There is a way to take the guesswork out of talent search and management, especially in today’s job market. Many organizations are leveraging the benefits of behavioral science through talent assessments.
Research shows that the appropriate use of these tools can…
What can they assess?
of Fortune 500 companies have found that assessments predict new-hire success and retention.
A scientific pre-hire assessment can reduce employee turnover by over
Source: CMA Case Study on Retention
Pre-hire assessments can help employers better understand the skills, capabilities, and characteristics that candidates possess and how these may show up on the job. When used appropriately, prehire assessments can be effective tools for assessing the likelihood of success on the job, and fit within the organization’s culture.
TalentQuest Pre-hire Assessments are designed to bring rigor and objectivity to the candidate selection process. Through assessing personality characteristics and cognitive abilities, these assessments can help you make objective, unbiased hiring decisions. TalentQuest also has the ability to model your peak performers and create a customized Similarity Index, helping you discern correlations between a candidate and those considered highly effective in a particular role. In turn, you can better ensure that you are hiring the best-fit candidate for both the role and your culture.
According to the Association for Talent Development, companies that have comprehensive training programs report 218% higher income per employee than companies that don’t offer formalized training.
of employees who don’t receive job training designed to help them do well in their positions will leave within the first year.
of respondents indicated that job-related training and development opportunities influenced their decision to stay in their jobs.
Source: ShiftLearning
Given the talent gap that many businesses face today, a lack of investment in employee development can cost companies much needed talent. Research shows that employees value personal development, and they list it as a key factor in deciding whether to stay in a job. Studies also indicate that when given opportunities to learn and grow, employees remain motivated and engaged at work.
So how do you determine the appropriate developmental needs for each individual? Your solution can’t be one-size-fits-all, because your employees have different strengths and limitations. TalentQuest personality assessments (based on the 16 personality factor theory, the most widely accepted in the field of psychology for use in a business setting) help existing employees better understand their strengths as well as identify potential gaps in knowledge, abilities, or competencies. With this information, employees and their managers are better equipped to target their development efforts. Organizations that use these assessments to help create focused development programs experience measurable results: increased employee morale and productivity, and greater return on investment.
In today’s highly complex business world, strong collaboration and teamwork are often required to achieve goals. It’s easy to bring a group of employees together and assign them a project to complete. It’s much more difficult to build a high performing team from a group of individual employees. Differences in styles, perspectives, and priorities are just some of the factors that can undermine their progress together. But those same differences, when identified and leveraged effectively, can also be the catalyst that drives their success. Research reveals that heterogeneous, or diverse, groups make for stronger teams. It doesn’t happen by accident. The challenge is to select diverse team members intentionally, with an understanding of how their differences will contribute to the overall dynamic.
Assessments can strengthen and transform groups of individuals into highly functioning teams by:
- IMPROVING COMMUNICATION
- CREATING A COMMON LANGUAGE TO UNDERSTAND AND APPRECIATE DIFFERENCES
- HIGHLIGHTING EACH PERSON’S UNIQUE CONTRIBUTIONS
- REDUCING CONFLICT
TalentQuest Team Insights™ enables managers to lead their teams more effectively through the aggregation and auto-analysis of individual team members’ TalentQuest Assessment results. It further assists leaders in building and managing high-performing teams. It also measures culture fit to determine how an employee is likely to perform in the context of a given team and role.
Research conducted by the University of Phoenix says:
employees report to having been part of a dysfunctional team at least once.
say they’ve witnessed verbal confrontations between teammates.
Source: SmartSheet
of companies have increased their usage of 360° surveys over the last five years.
of companies have increased their usage of 360° surveys over the last five years.
use them as part of a talent management program.
Source: ets
Multi-rater assessments, also known as 360-degree surveys, can play a valuable role in evaluating your organization’s functional health. They help individuals understand how they are perceived by others in the organization. And they measure specific leadership behaviors and activities that are necessary for driving employee engagement, creating a high-performance environment, and supporting your organization’s business strategy.
WHY IMPLEMENT 360° ASSESSMENTS
- Align business strategy and talent strategy
- Understand the context of your business
- Build trust among employees to provide open feedback
- Keep the process free from administrative hassle
- Create development plans and manage follow-through
TalentQuest 360° Surveys reveal and evaluate others’ perceptions of an individual’s skills, capabilities, knowledge and behaviors. The results of the survey are useful not only to your employee, but to your organization as a whole. Your employees can use the survey’s insights to build an accurate sense of self-awareness and then leverage that information for their professional growth and, in turn, the organization’s benefit.
As one of the only software providers with in-house consulting expertise, TalentQuest is uniquely positioned to administer these powerful surveys as well as facilitate debriefs, and help plan individualized development plans. The result? A thriving organization that understands the value of investing in the growth and development of its most important resource: people.
