If your company is like most businesses, your operations, marketing, and sales efforts could be improved. That is where personality and other pre-employment testing come in. Improvement and high performance requires employees who can increase revenues, reduce costs, improve efficiency, and lead effectively. The process for achieving these goals begins with hiring and promoting the right people. This is accomplished only when your employees have the skills your company needs, the ability to use them, and traits to perform consistently at a high level. A recent white paper highlights this direct linkage between hiring the right people and four critical outcomes: revenues, costs, efficiency, and leadership. According to the report … [Read more...]
Disorganized Workers Cost Employers Time and Money
Cluttered desks, disorganized email folders, and lost files seem to be taken for granted in the workplace. But all that time searching for lost information and playing phone tag adds up to a lot of costly, unproductive time. For example: The average American spends almost 4 minutes searching for lost keys, television remote controls, mobile telephones, and other items every time one of the little suckers sprouts legs and walks off. Four minutes may not sound like a long time, but the minutes add up. If a person misplaces his wallet once every week, he would spend 3.5 hours each year trying to hunt the darn thing down. Americans who consider themselves as "extremely organized" spend as little as 1 minute and 18 seconds finding … [Read more...]
What You Don’t Know About Hiring Costs Can Hurt You!
For many companies, more thought and time goes into replacing a computer printer than hiring "their most important asset". Doesn't it seem odd that a company that regards "people as its most important asset," doesn't accurately measure the cost of acquiring that asset. That is exactly what happened when The Human Capital Metrics Consortium attempted to collect data for its annual survey. Chances are the same management teams that know the company's actual and projected revenue streams to the penny are 50 percent less likely to know the cost of hiring employees and terminating employment. The survey just released last month, published by Staffing.org, estimates the cost of hiring one employee at $4,263 in 2003. The cost of hiring an … [Read more...]
