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The High Importance of Objectivity in Strategic People Analytics

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As John F Kennedy said, “Change is the law of life. And those who look only to the past or present are certain to miss the future.” That’s why organisations increasingly recognise the value of leveraging data to drive decision-making across the business. HR, being at the forefront of managing an organisation’s most vital asset – its people, has been quick to tap into the potential of strategic people analytics.

Today future ready organisations need to think critically about the assessments they use to ensure they provide the necessary objective data for effective people analytics, ultimately enhancing their existing HR systems.

Most organisations today have great technology that efficiently handles the people logistics aspects. Still, one area on the back burner is the advances made in assessment technology.

Many assessments in use today were developed before hybrid work, wellbeing, and burnout became part of the modern people challenges that HR must manage. Some liken older reviews to the equivalent of using the mobile phone technology from the late 90’s in a world where smart phones exist.

Traditional fixed “one size fits all” solutions for attracting, assessing, selecting, developing, and retaining people are no longer sufficient. That’s why it is crucial to be familiar with the latest assessment technology and the flexibility and employee lifecycle tools they offer.

What are People Analytics?

People analytics, also known as HR analytics or workforce analytics, refers to collecting and analysing employee data to gain insights and make data-driven HR decisions.

HR professionals can identify patterns, trends, and key indicators by utilising vast amounts of employee information. In short, indicators influence:

  • strategic workforce planning,
  • talent recruitment and retention,
  • diversity and inclusion initiatives,
  • performance management, and
  • succession planning.

Objectivity at the core in people analytics

Recent studies highlight the significance of finding measurable connections between HR and business objectives.  While at the same time reducing subjective decision-making in measuring HR and corporate performance.

However, in today’s data-driven world, HR professionals can mitigate bias and make more informed decisions by relying on objective data. Modern and flexible assessments provide access to raw data containing validated, objective data and insights, enhancing HR’s ability to make sense of data.

The power of assessments

New assessment technology enables HR professionals to analyse and better understand their workforce quickly and easily. These assessments provide objective data on various aspects of an individual employee’s profile, including:

  • competencies,
  • personality traits,
  • cognitive abilities,
  • behavioural tendencies,
  • development areas, and
  • skill levels.

By leveraging these assessments, HR professionals can gain valuable insights into an employee’s fit with:

  • the role,
  • the manager,
  • the team, and
  • the organisational culture.

Enhancing HRIS Systems

The seamless integration of APIs ensures that the factual data collected from assessments is easily accessible within the HRIS. This combination of information, supported by its objectivity, helps predict the immediate and future requirements regarding personnel and capabilities.

By incorporating this objective data into decision-making processes, HR professionals can minimise bias, improve employee experiences, and drive the growth of the business.

In conclusion, combining the potential of people analytics and modern, adaptable assessments means enhanced HR information systems with accurate individual data for more informed and strategic choices.

Contact us to power your strategic people analytics.

Manager vs Leader – a balancing act for effective organisational performance

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In the dynamic and ever-evolving landscape of contemporary business, the imperative for balancing manager vs leader roles to enhance their effectiveness has grown considerably.

Gartner research has identified this as the foremost strategic priority for HR in 2023.

The strategic approach for Managers vs Leaders

There is a growing belief that in addition to being more effective, managers and leaders also need to model and epitomise a more humane approach, characterised by:

  • heightened empathy,
  • effective communication, and
  • a dedicated focus on fostering robust relationships with their employees.

The significance of this belief stems from the fact that embracing these aspects greatly facilitates cultivating a positive and productive workplace culture.  When there’s a balance between acting in a manager vs a leader role and connecting with their employees personally, it fosters a sense of mutual respect and trust. This, in turn, can lead to:

  • better morale
  • increased employee engagement
  • higher levels of job satisfaction

Most agree that when employees feel like their manager or leader genuinely cares about them and their success, they are more likely to be inspired to exert increased effort and achieve peak performance. Building strong relationships with employees through balancing managerial and leadership roles can also provide more targeted and personalised support to help employees overcome challenges and achieve their goals.

The problem, according to Gartner, is that even though:

“HR leaders try to build commitment, courage and confidence in leaders to help them answer the call, ‘human’ leaders remain few and far between. Critical obstacles to success include their own (very human) emotions of doubt, fear and uncertainty”.

What is needed?

Many successful managers are technically outstanding, but sadly, they lack behind when it comes to “softer” skills. They need all the help they can get. For example, help can include practical tools that facilitate the appropriate discussion and development initiatives.

With the recruitment market forecast to remain tight, the role of managers in retaining top talent becomes indispensable. It’s accepted that employees are more likely to stay with a company where they feel valued, respected, and supported. So, by prioritising empathy, communication, and relationship-building, managers can balance their roles,  create a more attractive workplace for top performers and foster a stronger sense of loyalty.

To explore our tailored and user-friendly tools designed for each team member, contact us.

What’s the actual cost of replacing top performers at work?

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As a CFO or finance professional, to help determine what’s the actual cost of replacing top performers at work, what if I asked you to rank your team members from top to lower performers?

Your estimate will likely come up with numbers (give or take) that are approximately:

  • 25% of your team are high performers,
  • 50% are average performers, and
  • 25% are below par.

What distinguishes top performers at work?

According to a McKinsey study, high performers are 400% more productive than average performers. And the productivity difference might reach 800% in sophisticated professions such as management or software development. These outstanding performers have distinct cognitive, behavioural, and personality traits.

Identifying these traits and hiring outstanding individuals is likely to result in considerable financial rewards for your company.

These employees not only boost productivity and income production, but they can also improve:

  • staff turnover,
  • management workload, and
  • investor and consumer confidence.

A terrible hire could result in hidden costs, such as

  • lost corporate credibility,
  • greater stress, and
  • worse employee morale.

What’s the bottom line or actual cost of replacing your top performers at work?

The bottom line is that hiring the wrong person can have long-term implications for your organisation. So, getting it right the first time is essential. And it’s scary these costs are not captured in the P&L and that actual costs can show as staggeringly high.

Making another smart investment for your organisation

As a senior finance professional, you recognise the critical nature of making wise investments that yield a good return. However, in my experience, one area in which many firms frequently struggle is how they hire their people. That is, having a consistent replicable process across the organisation that results in the right outcome- a top performer.

Hiring the incorrect individual might cost you far more than you think, with estimates ranging from 30% to 250% of the employee’s compensation.

To solve these recruitment problems and significantly increase the hiring of top performers at work, our award-winning GR8PI assessments can help. The platform provides an easy approach to measuring and qualifying the attributes of high performers. Advanced analytics are employed for a thorough insight into a person’s cognitive ability, behavioural patterns, and professional interests and motivations.

As a result, making it simple to discover outstanding performers and avoid undesirable recruits and costs.

Investing in a recruitment strategy that easily and reliably identifies high performers is critical to the success of any firm. Senior executives we work with improved their ability to identify top performers by 300%.

Renatus Capital Partners, a private equity firm, says it best:

“We use GPI assessments for our own company and all our portfolio companies. Not only do they have tools they can customise for practically every HR situation but the diagnosis around same, advice on which tools to use and the outcomes are priceless.”

Mark Flood , Director – https://renatus.ie/

So, why not contact us today to learn more about how we can assist your company in identifying and hiring top performers?

Remote Work – What are seen effects of further shifts in this competitive market?

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After two years of disruption further shifts in remote work and our lives have emerged. There’s been:

  • the rise of individualism and independence bringing out new confidence to show up as themselves at work. (Fjord Trends 2022)
  • hybrid employment arrangements placing more emphasis on staff being able to work remotely and maintain productivity and service delivery
  • continued challenges to organisations due to Omicron leading to staff shortages resulting in increased costs of hiring more or temporary staff
  • increased pressures on both existing and new staff in the present climate

Moving forward, employers need to relook at balancing the flexibility they offer to individuals with the needs of the team and the greater good of the organisation. (Fjord Trends 2022)

Obtaining the right information for remote hires

How can you increase your success rate and hire the right people the first time for roles in the current labour market? And what about remote work? How can you more easily identify those who will thrive and be productive in a work from home environment?

The traditional recruitment process leaves a lot up to chance. You’ll sift through a stack of resumes and cover letters trying to narrow down the people with the right experience and qualifications and get a sense of other relevant aspects.

You’ll then perform a round of interviews to gauge which candidate sounds and acts right for the role.

You might ask yourself:

  •  “does this person have the right skills to perform the job?..
  • the right credentials?..
  • enough experience?..
  • will they fit in with the workplace culture?..
  • can they bring anything to the table to benefit the business?”

While some of these questions can easily be answered with a CV and interview, others are trickier.

And let’s face it most employees, when asked if they would like to work from home, will answer ‘yes’. This is simply because they are only looking at the positive aspects of doing so.

But this is the homeworking equivalent of asking someone ‘How are you?’. And accepting the answer ‘Fine.’ As confirmation that all is well.

Some key questions are difficult to answer through the traditional hiring process such as:

  • “Will this person be engaged in their work and great in this role?”
  • “Is this person likely to be capable and productive in this remote work role?”
  • “In the long term, will this person be able to handle hybrid working?”

Engagement is critical

Great managers and business owners know that higher employee engagement levels in the workplace translate to higher productivity and better company performance. So especially in this current environment, how can hiring managers improve the likelihood of selecting highly engaged remote work top performers?

It all starts with thinking about how potential employees will “fit”, rather than experience and qualifications. Or even age and gender. Studies have shown that ‘fit’ is what counts if you want a high performer.

‘Fit’ refers to how well a person is suited to their job role, the environment, and the workplace culture. Whether or not a person ‘fits’ in a particular position depends on a few factors, for example,

  • their attitude,
  • personality, and
  • enthusiasm for the work at hand.

To find out which candidate is the right fit for the job and culture, hiring managers must check their biases at the door and use objective information to make their decision. Making this type of decision can be trickier than it sounds, but it is possible.

How does it work?

Hire someone who is objectively the right fit

Choosing the right person for a role can influence how long they stay in the job and how engaged they are with their role working remotely or onsite.

According to Gallup, employee engagement is defined as “the involvement and enthusiasm of employees in their work and workplace”.

According to studies they conducted, businesses are 21% more profitable with engaged employees; I am sure most CEO’s would take this profit increase as a Christmas present!

Instead of solely relying on opinions or a hunch, validated benchmarkable assessments provide you with tools using objective data to determine whether your candidate is right for the role. Recent shifts have meant employee preferences don’t necessarily match what’s best for a business.

 Use your top performers as a benchmark for new talent

When a top performer walks out the door, it often feels like you’re back at square one; scrambling to build your team from the ground up again. But it doesn’t have to be this way. Companies, teams and hiring managers can make the process of replacing top performers easier while improving their hiring process each time.

Not all candidates are suited to homeworking

Buffer.com published an annual global survey on homeworking and discovered in 2020 (like in previous years) that the top 3 difficulties people experience with homeworking, worldwide, are not necessarily related to the pandemic and lockdown:

  • collaboration and communication,
  • loneliness, and
  • not being able to unplug.

This survey suggests that many individuals will either need help to overcome these problems or even that remote work is not a long-term viable option for some people.

 

Remote working

 

To learn more about the Great People Inside assessments specifically designed for work from home employees and teams contact us

 

People strategy for now and the future – how to close gaps

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Planning for a best People Strategy is essential. Your business strategy amounts to no more than words on a page if you don’t have “the right people in the rights seats on the bus”.

All elements of your employee life cycle must be linked: 

  • from attraction through to talent management, 
  • leadership development, and 
  • ongoing performance management. 

There is a great reward too in doing this. Studies tell us that organisations that prioritise their employee experience are four times more profitable than those who do not.

People Strategy v HR Strategy – what’s the difference?

HR Strategy tends to focus more on the planning side of people such as structures for hiring, onboarding, developing, and retaining. 

People Strategy is more about helping employees to grow, by creating an environment that nurtures and enables high performance. People Strategy usually focuses on: 

  • values, 
  • fostering diversity, 
  • inclusion and employee wellbeing, and 
  • predicting and reacting to workforce needs. 

In essence, creating a culture where employees share equal billing with shareholders and business goals.

According to the world-renowned Boston Consulting Group, the three pillars for developing a people strategy are leadership and culture, talent and skills, and HR. 

 

“In these challenging times, organisations must elevate the most important asset they have: their people. By focusing on the fundamentals of people strategy—leadership, culture, talent, reskilling, and HR—companies can emerge stronger, more agile, more innovative, and better able to respond to an ever-changing environment.”

 

I’d like to explore two of these pillars.

Leadership Culture and Strategy

There are many levers at a leader’s disposal to drive their organisations success and effectiveness.  Strategy and Culture are the most important. 

Strategy provides clarity of the company’s goals and helps to align people around them. Culture tends to express goals through organisational values and beliefs. Culture also guides tactics, activity, and implementation.

One thing is sure and that is culture and leadership are linked. Poor leadership and resultant toxic culture usually determine the fate of a business. Studies tell us up to 30% of employees say they left because of poor leadership. These findings highlight the need for every organisation to address this factor.

Culture in more detail

Culture is a more puzzling lever to activate. The reason for this is mainly because Culture can be ambiguous and embedded in unspoken behaviours, people’s mindsets, and social expectations.

Many leaders don’t always appreciate the power of culture. 

 

A recent Gartner Survey revealed that 75% of leadership believe that they run a culture of flexibility. Unfortunately, only 57% of employees agreed. 

 

This lack of appreciation can cause many leaders to either let culture go unmanaged or delegate it to HR, where it can slip to a secondary focus for the business. 

Successful leaders embrace the ambiguity of culture. In my experience many leaders I have met avail of the valuable culture diagnostic tools to understand where their orgnaisations culture is right now. These tools help them to answer questions such as: 

  • Is it more of a creative culture or a reactive culture? 
  • How do the culture snapshot of the board and senior leadership vary from the operational managers’ perspectives? 
  • How “real” is the conversation in the business?

Gaining clarity around culture can be as confronting as it is enlightening – but well worth the investment of time and focus. We partner with many specialists in this area, so reach out if you’d like to explore further.

Talent and skills

Sixty-four per cent of the world’s most admired companies say they have a good understanding of workforce needs two or more years into the future compared to 54% of their peers. 

 

That same recent Gartner Survey I referred to earlier also revealed the same 75% of leadership also felt that they did a good job incorporating employee voice in decision making. Unfortunately, in this case only 47% of employees agreed. 

 

The forced extreme disruption, which was the last two years, has meant that most businesses naturally thought more about survival than future talent and skills needs. Now is the time to think about your future talent and skills requirements. Some steps to take include:

  • Ensure Employee Pulse Surveys acknowledge and act on the feedback provided
  • Use customised psychometric assessments to identify traits and skills gaps
  • Incorporate customised 360° surveys as part of your development programs
  • Facilitate regular check-ins between individuals’ teams and managers

Lastly, lockdown work from home is different from long-term working remotely. Most organisation psychologists accept that loneliness, communication, and isolation can trigger depression. 

So, if there is a disconnect in your business between HR policies, the leadership strategies propelling them, and employee sentiment on the ground, greater emphasis must be placed on the needs this new work approach demands. 

For example, consider what capabilities and skills (soft and hard) are essential to be future-ready? Do all employees possess the discipline, conscientiousness, and results orientation to deliver in a hybrid environment? What might this mean for remote work and the flexibility we can offer? 

Through our business offering, we have many people analytics resources and tools to assist with both these pillars. Reach out if you’d like to discuss how we can help with the future of your people.

How do people management skills improve your business success?

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People management skills are one of the essential soft leadership skills a leader should possess.

While working from home in some form is accepted will remain after COVID, managing teams remotely has, for the contemporary leader, added the need to develop new skills.

Now may be an opportunity for your business to increase focus on this area with employees recognising the value of these skills.

These skills help overcome challenges in the workplace and build your team and business for several reasons:

  • handling interpersonal conflicts
  • leading employee training
  • managing deadlines
  • communicating and distributing information between employees working remotely and onsite
  • building a solid company culture, and
  • developing your employees’ maximum capability.

Leaders who adopt people management skills provide constructive feedback and mentor employees to grow and succeed in their positions. Goals will also be able to be established and achieved.  And overall, this results in a positive influence on the work environment.

A leader who has an in-depth understanding of their employees can evaluate:

  • the strength and weaknesses of their team
  • the resources required, and
  • set realistic deadlines.

This approach encourages the employees to strive for success and not set them up for failure.

In addition, leaders are able to build rapport, ask the team for constructive feedback, and take actionable steps to make positive changes in the work culture. As a result, this benefits everyone.

Below are four critical people management areas to help you understand your team and individuals at all levels. From onboarding, developing new skills, preparing them for other roles, to working on specialised projects.

  1. Understand Human Behaviour And Acknowledging Diversity

It is crucial to understand one simple concept – we are all different. Each individual will react and behave differently in any given situation.

A leader needs to realise that family, environmental and cultural influences have shaped some beliefs and behaviours. Understanding and learning some behavioural types and conditioning will allow leaders and managers to treat their employees with respect. In return, the business will be rewarded with best work practices, a motivated team, and valued ideas and opinions.

  1. The Individual’s Purpose

It is also imperative to understand how the individual team member sees their own purpose in their role and how they can contribute to the business. This can lead to improvements at both the individual employee and business levels.

A continued effort in understanding their sense of purpose, whether they are in the office or working from home, ensures the individual and business goals stay aligned.

  1. Transparent Communication

When there is open and transparent communication, it creates an atmosphere of trust. In effect, by employing people management skills, this communication works both ways, i.e., you tell, and they listen, and you have to do the same – listen to your employees.

This area is more critical than ever for businesses undergoing managing teams remotely. Video-based onboarding and mentoring and a remote communication strategy are essential for employee skill development and project delivery.

  1. We Own This Together

While leading with example is great, it also benefits when you entrust team members with specific tasks which best fit their skill sets. It shows that you are acknowledging their skillset and allowing them to demonstrate their capabilities. As a result, the team is closer and creates an environment of ownership and positive experiences.

In a remote setting, delegate tasks through shared online platforms that allow for the employee’s autonomy while still maintaining a sense of community in the workplace.

Responsibility and accountability on both ends improve overall morale and reduces people management skills coming across as complicated, unnecessary at times, and time-consuming.

Ongoing people management for development and retention

Just because you have hired a superstar does not mean you don’t have to continue managing and developing them to maximise their potential and business outcomes.

Development should start from day one of an employee’s journey with their new company. The rapport the new employee develops with the company can have long-lasting effects on the business, including the employee retention rate.

Trends have seen employees become more focused on developing their individual skills. Placing importance on their progress can help connect their goals to the more significant objectives of the business. Supporting these goals can be achieved remotely from the onboarding stage and continue through employment by hosting video workshops and online training seminars.

Many reasons cause an employee to leave an organisation, such as:

  • a lack of training
  • development
  • engagement
  • progression opportunities.

Quantify top performance 

Many assessments compare candidate results against generic benchmarks or no benchmark at all. In other words, this leaves the user with either no reference point or, at best, a near enough is good enough benchmark.

At GPI, we believe assessing an individual’s job performance as accurately as possible requires benchmarks built specifically for each role. Assessments can apply to both positions operating onsite or remotely. By identifying the success DNA of your top performers, you can create job benchmarks based on what success looks like in your business. Further development of your existing team members can be implemented where appropriate, including a coaching option.

As the employer, benchmarking flows through promoting and succession planning of your people to measure candidate profiles against the relevant top-performing role profile in your organisation.

Given these points, assessments that treat people as multi-faceted complex individuals we are, open a world of possibilities with both your new and existing people. You will find yourself in the stronger position of identifying your people’s true potential and providing opportunities for laser-focused development.

If you’d like to trial our assessments for consideration as part of your organisation’s people management strategy – contact us.

How people capability in organisations is impacted by assessment types

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Taking a punt on a one size fits all approach to recruitment

Most managers and leaders know hiring a new employee for best people capability is an expensive exercise.

I’ve never actually met anyone who set out to hire a less than ideal employee on purpose. However, it always bothers me that statistics tell us we hire the right person only less than 25% of the time.

Think about that for a moment. Imagine you have a process in your business that only delivers the right outcome with such a low level of consistency. What would you do?

I’m thinking you’d change the process and look for new ways to deliver better outcomes. Good. Then read on.

Roll the dice and take your chances

The goal of recruitment is to hire a new employee that will add value, contribute to the business, and enjoy their work. All this leads to high people capability and engagement.

But it’s not that easy. You gamble $30,000 EVERY time you start the hiring process because humans are complex beings.

For starters, there is the deep-seated unconscious bias that comes with being human. To add to our responsibility, some candidates:

  • lie on their resume,
  • fudge their referees, and
  • turn out to be more of a lone wolf than a team player.

The potential pitfalls are endless! As my mother used to say, “you’d need eyes in the back of your head”!

Typical behavioural assessments for people capability

Many businesses use psychometric assessments to help in predicting the behaviours and ability of candidates.

Assessments are not new. Most have been around since the last century.

However, the issue is that most psychometric assessments are ‘off the shelf’ packages of measures selected by the test provider, not the buyer.  This leaves buyers with no opportunity to vary them in any way.

Consequently, this approach means that buyers measure things they do not need to and fail to measure elements that are critical to their business’s success.

This traditional ‘one size fits all’ solution used across the employee life cycle does not meet the needs of modern organisations. As a result, the ability to attract, assess, select, develop and retain the right people is negatively impacted.

Stack the odds in your favour for your organisation’s people capability

Great People Inside (GPI) appreciates that every organisation both large and small is unique. Organisations spend millions on defining, developing, and implementing for the commercial advantage of their successful business. Some aspects include:

  • those specific leadership competencies,
  • that unique culture,
  • that state-of-the-art customer service,
  • those well-known values and dynamics.

We understand that the uniqueness and greatness of your organisation cannot – and should not – rely on a ‘one size fits all’ approach.

That is the reason GPI invested hundreds of years of collective, international know-how to create technology empowering you to embrace the complete life cycle of employees and executives. From talent acquisition and onboarding, talent growth and development to employee assessment and performance management.

Guided by our easy-to-use platform, the buyer can select from a menu of more than 60 validated and reliable psychometric dimensions.

This same flexibility applies to our 360° surveys, where you can choose from more than 50 managerial skills and competencies. In addition, suggestions for future improvement and development are available.

In effect with GPI, you can easily create totally customised assessments and surveys specific to your needs. From the competencies, values or objectives of any role, department, or organisation – anywhere in the world.

To learn more about the dimensions available suited to modern organisations, or if you’d like to trial our assessments – contact us.

VUCA Leadership today: how to identify great VUCA Leaders

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VUCA leadership is paramount, with the world facing an uncertain future today.

The VUCA acronym (Volatile, Uncertain Complex, Ambiguous) has been around since 1987. It was the US Army War College’s response to the collapse of the USSR in the early 1990s.

No one was forecasting Covid-19, even in January 2020.

Without a doubt, it has been the most disruptive event in our lifetimes. It has devastated:

  • countries,
  • economies,
  • businesses,
  • individuals,
  • families, and
  • communities.

But it is likely there may be other disruptions waiting in the wings that, as yet, we know nothing about.

What does VUCA leadership and uncertainty mean for organisations?

The BIG questions for organisations are:

  • which elements will affect you,
  • to what degree, and
  • how will a combination of consecutive catastrophic disruptions alter the change.

Despite the deliberations of many so-called thought leaders and experts, the truthful answer is no one actually knows what’s going to happen in the future!

What you can rely on, though, is that there will be significant change. VUCA leaders in your organisation means the capability of anticipating, responding and reacting to change when it happens in turn, reacting again and again when it changes again (and again).

 

“THE ONLY CONSTANT IN LIFE IS CHANGE.”  – HERACLITUS (C535BC – C475BC)

 

What makes an effective VUCA leader?

Effective VUCA leadership is demonstrated by those who can give their company more than an abundance of skills and experience. Traits of VUCA leaders are that they can:

  • develop and communicate a clear and motivating vision, based on an understanding of the constantly changing economic environment, and
  • apply it through quick decisions, well-adapted to ever-changing conditions.

In addition to skills learned for a role, experience, and qualifications gained, there is no substitute for the enthusiasm, motivation and vision these great leaders possess. VUCA leaders can mean the difference between an average team and a high performing team in an organisation. They are the leaders every company wants to keep, nurture and develop to their full potential.

VUCA leaders are acutely aware of the strategic goals they are striving for, and what they need to do to get there. They share:

  • company values,
  • strive to be the best at what they do,
  • identify areas for improvement, and
  • actively engage with their own leaders to perfect their craft and leadership method.

Leadership style isn’t a perfect science – but what all great leaders have in common is their ability to be authentic.

Future proof your business through VUCA leadership

Thinking back to the beginning of the Covid crisis, who among your managers disappointed you with their response? Who impressed you? Were any of these a surprise to you (either positive or negative)? Those who responded well are, potentially, your VUCA Leaders. If you manage to retain them they are the people who will guide you through future change events.

Using the Great People Inside customised VUCA leadership assessment, you can identify and quantify which team members and potential candidates possess the required attributes. Gaps that may be obstacles to your organisation’s success can also be uncovered.

Click here for a free trial.

Your ideal candidate when hiring – what’s on your wish list?

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We usually see various words and phrases in job ads that describe an employer’s wish list for hiring an ideal candidate.

This statement below I came across recently brought a smile to my face as it reminded me of this.

 

Can you perform under pressure? asked the recruiter. 

No, said the candidate, but I do a mean Bohemian Rhapsody!

 

Some more standard features you might see employers looking for in hiring an ideal candidate are:

  • Ambitious
  • Resilient
  • Bubbly personality or Can-do attitude
  • Clear thinker and have a Strong work ethic
  • Share our passion
  • Accuracy and Attention to detail
  • a Team player, a Strong Leader, and yes, Perform Under Pressure!

As an illustration, the typical wish list for the “perfect employee” often reads something like this:

“We are looking for someone ambitious who will demonstrate initiative and resilience has the maturity always to remain calm and professional. You will have an excellent work ethic and have outstanding communication skills. 

You are respectful and enjoy working in a team in a fast-paced environment in which you will be able to prioritise and handle multiple tasks while meeting deadlines”.

Job advertisements will also include what the work involves, and the qualifications and experience needed to be a successful applicant.

 

Consider the total recruitment cost of hiring a non-ideal candidate

Despite rigorous selection processes, many studies tell us that up to 50% of new hires fail within 18 months.

For Australian businesses, the cost of these failures is indeed high. Recent research discovered the direct recruitment costs to hire ONE employee are on average a staggering $19,000!

Add to that another 30% to 50% of the annual salary with the total cost of induction, orientation, training, maintenance, termination, and lost opportunity.

There would be “skin and hair flying” in many management meetings if all these costs showed up on a Profit and Loss Statement line.

Your choice

So, what gets in the way of more consistent selection outcomes when it comes to hiring an ideal candidate based on a wish list? Most would agree that even the most basic selection process can get it right with the required qualifications and experience for a role.

However, when it comes to attributes similar to the examples below, the ability to precisely assess if the person sitting in front of us possesses these is close to impossible:

  • Tenacious
  • Ambitious
  • Resilient 
  • possesses Initiative
  • will Remain calm and professional, and
  • has an Excellent work ethic.

People tell us what they think we want to hear; after all, they are looking for a job!

Consequently, many of us make our hiring decisions based on our “gut feel” and what we “liked” about the candidate during the interview. In essence, we hire people we like.

Given that research tells us that more than 40% of Australians think it’s okay to lie during an interview, this stacks the odds against us. We need to add some objective data to our “gut feel” to help us get it right more consistently.

The way forward for hiring more ideal candidates

The next generation award-winning Great People Inside (GPI) customisable assessment platform now available in Australia allows you to choose those specific attributes on your recruitment wish list.

Therefore, if you want to assess certain attributes, these can readily be selected. For example, attributes like:

  • Resilience
  • Tenacity
  • Ambition
  • Discipline
  • Customer Focus
  • Closing sales.

Thanks to https://unsplash.com/@fiteka for this image

Over 60 validated psychometric dimensions are available to precisely evaluate the crucial traits for both your business and the specific role. And if we don’t have what you need, we will build it for you. We call this full customisation.

With this in mind no longer are you restricted to relying on your gut feel and hiring people you “like”. You can easily create GPI assessments as short or as long as you wish.

By adopting this approach, specific objective data can be added to your selection process and increase your success rate by up to 300%.

Don’t take our word for it!

We were delighted to recently receive the following feedback from one of our clients who has been using with great success the Great people Inside (GPI) platform for more than 18 months. This client uses the GPI platform to assess alignment to the company values of both internal employees and new recruits.

They tell us, “We are observing through using the GPI profiling tool to test for values fit, we are naturally defining critical success factors to base our hiring decisions on.

The more we benchmark our top performers and see success in our new recruits, the more we learn about what are the critical behaviours and interests that make a person a successful cultural fit in our business.

Whilst we would like to think we were good at picking this up before, GPI provides us with an evidence-based, tangible tool to confirm this and has been a real value add to our hiring decisions”. 

If you’d like to learn more, we’d be happy to let you try us for free. Click HERE, and we’ll be in touch straight away.

 

Diversity and culture fit – how to hire for your business

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When recruiting a new team member, I have never met any business owner or manager who set out to deliberately hire a substandard performer. Then, why is it that studies tell us that we get it “right” (i.e., hire a top performer) only 25% of the time? The answer is that traditional recruitment processes, (resumes, interviews, and reference checks) are just not meeting the modern business needs.

In Australia today, we are lucky that we have a highly educated and well-trained workforce, which logically means that most employees in Australia have the skills and competencies to perform their jobs well. But if this is the case, why is the hiring success rate so inconsistent?

Most new employees fail – not because they are incompetent or don’t have the required skills – but because they don’t “fit” with the practice owner, the manager, or their colleagues or due to other factors.

What is fit?

Culture fit (the alignment of values, beliefs, and behaviours between the employee and employer) has become another one of those also overused cliches in business-speak. While it is essential, the issue when hiring is that it means different things to different people. As a result, hiring for culture fit alone can be difficult to measure and is not a reliable predictor of high performance. When we speak of ‘fit” we are talking about much more than culture fit alone. Our definition of “fit” is as follows:

  • Can the person handle the mental demands of this job?
  • Will they enjoy the environment and the people they must work with?
  • Are they highly motivated by this type of work?

Hardwiring

Psychologists tell us that our core traits and beliefs about ourselves and the world are hardwired into our brains by the time we are 10 or 12 years of age. Of course, as people we evolve and develop, however our deep-set inner identity and core beliefs about ourselves, others, and how the world works are intensely cast in our DNA and are hard to change.

As we go about our daily work in the business, many of us will have observed our top-performing employees going about their jobs quite differently. Still, despite different approaches, they consistently deliver top outcomes and results.

Achieving these top outcomes and results is the DNA we refer to, the four or five key qualities most important to your business and that are possessed in abundance by your top performers. These qualities are the heartbeat of your company. We call this success DNA and when it comes to hiring new team members, they are non-negotiable.

The importance of fit

The low hiring success rate clearly demonstrates that if the right potential employees who share these critical success qualities are not found and employed, and you select a person who doesn’t fit, it’s unlikely this person will deliver top performance for your business. In fact, it’s estimated that 46% of newly hired employees won’t survive for a year because they aren’t a good fit for the job. Poor DNA matches are the number one reason why people become disengaged, dislike their managers or colleagues, and eventually fail or leave their jobs.

 

Modify your process by benchmarking your top performers

Unless you understand your top performers’ DNA success attributes, then the traditional selection process will continue to deliver less than 25% of top performers. The science-based Great People Inside customisable profiling tools we recommend will enable you to identify and quantify the success attributes they share greatly contributing to your business. When recruiting, you can measure your potential new recruits against these attributes to ensure they also have the required success DNA fit for your business.

Our easy-to-read plain language reports will also help you take your interviewing approach to new heights. Our Management Coaching and Onboarding reports will make sure your new team member contributes as quickly as possible.

Great People Inside assessments are customisable – so what?

Compared to assessments you may have used or taken yourself previously, Great People Inside assessments are the next generation – think original Nokia phone and iPhone 12!

You may be familiar with assessments that have been around for many years where you measure the dimensions the assessment provider has configured; you have no choice and no control. As a result, you may be measuring (and paying for) what you don’t need. Our customisation feature allows you to design an assessment that measures what you want to measure best suited to your business, which means you are in control, and most importantly, you decide what you want to pay. Even with its unique customisation features, GPI will usually be at the cost of comparable assessments (where they exist).

Don’t just take our word for it

For the second year in a row, the Great People Inside platform has been in the top 10 best rating tools in the world.

It is a huge honour for us to find ourselves among the best yet again this year.  In July 2020 Great People Inside was also ranked #16 assessment tool in the world by AHRI.

If you’d like to find out more please click here to contact us or email [email protected]