The State of Hiring – Consistency is the Key to Success
Over the last several weeks, we’ve talked about the State of Hiring in the COVID-19 era, and the challenges and opportunities that have arisen for hiring managers as a result (if you’ve missed any of our prior posts in this series, click here to catch up).
As the survey results showed, organizations faced myriad talent challenges pre-pandemic that have only been magnified in the months since. In a world of data-driven decision-making, hiring managers still place far more emphasis on their gut instinct rather than data!
The solution? Consistency in the hiring process.
For example, consider the following set of objectives that nearly every hiring manager said they wanted from their hiring process, but that the majority struggle to achieve:
98 percent of hiring managers want to hire top performers, but 60 percent find it difficult to achieve.
95 percent say employee satisfaction is important… but 51 percent find it difficult to achieve.
94 percent said increasing employee retention is important… but 57 percent find it difficult to achieve.
These are near-universal goals for organizations, yet a lack of consistent hiring practices makes these critical and desirable outcomes nearly impossible to achieve!
Organizations that implement consistent onboarding processes are twice as likely to bring the best talent. Then, once these hires are onboarded, it is considerably easier for organizations to retain them and ensure their satisfaction. That means less turnover and, ultimately, less time engaged in the hiring process so everyone can focus on driving the bottom line.
In fact, our survey results show that it is roughly 20 percentage points easier to achieve each desired outcome when new hires are consistently onboarded effectively. And though effective onboarding may not be a silver bullet, but it’s an important component of an effective HR toolbox.
In a year of considerable uncertainty and profound change for organizations and their employees, one thing is clear: the opportunity to rebuild better systems and processes today will determine the victors of 2021 and beyond.
Hiring processes that enable organizations to acquire the best talent lay the foundation for a sustained and successful economic recovery. Now is the time to revamp and update your own hiring process!
A better hiring process will rely on data for crucial information about candidates; will promote consistency across managers and departments in assessment, selection, and onboarding.
Objective, data-driven hiring managers, along with consistent hiring practices, can yield the fairness and structure hiring managers want and the confidence and outcomes organizations need to recover faster and thrive in the year ahead.
Meet PXT Select
The PXT Select assessment provides organizations with objective, reliable, and accurate data about candidates so they can confidently hire, manage, and retain talent. Comprehensive and holistic, this assessment measures the three areas that impact an individual’s approach to situations in the workplace:
Cognitive Ability– Can they do the job?
Behavioral Skills– How will they do the job?
Interest– Is this what they want to be doing?
Versatile and applicable across the employee lifecycle, PXT Select helps organizations establish efficient and effective hiring and selection processes, effectively onboard and develop new hires, and improve employee satisfaction and productivity– ultimately avoiding costly hiring mistakes and reducing employee turnover. With the right people working in the right roles– and developing to their full potential– your organization can build and engage a high-performing workforce that consistently drives results.
The PXTS answers the question: “Is this candidate likely to succeed in this job, in this place, at this time, in our business?”
For more information on PXT Select and how it can improve your bottom line, click the link below to schedule a no-obligation consultation!