Mike Exec AdventisAlternativeSolutionBadHires09262016
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Adventis Has Unlocked the Combination… To Great Hires! @AdventisStaffing.com http://www.AdventisStaffing.com
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Transcript of Mike Exec AdventisAlternativeSolutionBadHires09262016
Adventis Has Unlocked the Combination…To Great Hires!
[email protected] http://www.AdventisStaffing.com 1-877-333-2890
Staffing.org
Dissatisfied with the process 70%
Applicants
28%
Hiring Managers
The Recruiting Roundtable
Later regret their decision50%
Managers and New Hires
58%
Michael Watkins
Highest priority hires fail in first 18 months
Leadership IQ
Rate the decision a complete success
1 in 5 outputs
46%
eBullpen; Deloitte
New hires leaving their jobs within the first year
50%
Actively seeking or planning
Finding the right match tough?
[email protected] http://www.AdventisStaffing.com 1-877-333-2890 2
Current System is Flawed
-Costs too Much-Takes too Long-Bad Fit
Education .11Training .13Previous Experience .18Interests .10Interview .14References .26Traits and Attitudes .38Problem Solving and Reasoning .53
Source: Professor Mike Smith, University of Manchester; John E. Hunter & Rhonda Hunter, “Validity and Utility of Alternative Predictors of Job Performance”, Psychological Bulletin,
Vol. 96, No. 1, p. 90; Robert P. Tett, Douglas N. Jackson and Mitchell Rothstein, “Personality Measures as Predictors of Job Performance: A Meta-Analytical Review”,
Personnel Psychology, p. 703, Michigan state University’s School of Business
Résu
mé
APA
WHAT they KNOW
What Matters
Most
Skills, Knowledge and Experience are important (and they can be taught)
If the Fit’s not right… nothing will
make up for that.
MEASURING WHAT MATTERS
[email protected] http://www.AdventisStaffing.com 1-877-333-2890 3
SO WHAT ARE THE TRUE FINANCIAL COSTS OF A BAD HIRE?…
[email protected] http://www.AdventisStaffing.com 1-877-333-2890 4
BAD HIRE COSTS – (Elephant in the Room)(Based on a Manager Who Earns $50K/year and Has Been Terminated After 1 Year)
HIRING COSTS+TOTAL COMPENSATION+COST OF TRAINING & MAINTAINING EMPLOYEE & RECORDS+DISRUPTION TO WORK/PROJECTS COSTS+SEVERANCE+MISTAKES, FAILURES, AND MISSED BUSINESS OPPORTUNITY
=$200,000* PER BAD HIREHARVARD BUSINESS SCHOOL SUGGEST 3-5 TIMES ANNUAL SALARY
*REFERENCE: http://theundercoverrecruiter.com/infographic-what-cost-hiring-wrong-employee/
NEED FOR SPEED: Adventis One of the Largest Job Boards in the World…
[email protected] http://www.AdventisStaffing.com 1-877-333-2890 5
• Job Boards feed into Adventis;• We Source Candidates Locally, Nationally, Globally;
Adventis Immediately and Measurably Improves the Quality of Hire…
[email protected] http://www.AdventisStaffing.com 1-877-333-2890 6
…WITH ADVENTIS YOU’LL KNOW IN MINUTES!
HOW DO YOU DECIDE WHO TO INTERVIEW?
• Clients Report
90%+ Accurate
• 3rd Party Validated
• EEOC Compliant
• Legally Defensible
Adventis Solutions. Adventis Solutions.
By Contrast & Comparison, It’s Really Very Simple…
[email protected] http://www.AdventisStaffing.com 1-877-333-2890 7
Staff in One Half the Time; Have More Productive Employees; Avoid the Cost of Bad Hires
THE FACTSTurnover % Labor Force Annual
Turnover #Typical Recruitment
Replacement Costs (*)Adventis Platinum Costs (**) 12 mth.
Adventis Light: Traffic & Assessment
Decision to Not use our Solutions
=Bad Hire Costs
10% 1,000 100 $1,000,000 $450,000 $200,000 20,000,000.00
20% 1,000 200 $2,000,000 $900,000 $400,000 40,000,000.00
30% 1,000 300 $3,000,000 $1,350,000 $600,000 60,000,000.00
40% 1,000 400 $4,000,000 $1,800,000 $800,000 80,000,000.00
50% 1,000 500 $5,000,000 $2,250,000 $1,000,000 100,000,000.00
(*) Recruiting costs only - assumes $50,000 salary & 20% recruitment fee with 3 month guarantee. Does not include total compensation; costs of training & maintenance of employee records; disruptions to work & project costs; severance; mistakes; failures; missed business opportunities.
(**) Assumes 9% Adventis recruitment fee and a full 12 month guarantee.
Advanced Technologies & Services
Permanent Employees Experienced Contractors Globally Short & Long term Contractor Contracts Traffic, Assessment & Recruiting EEOC Compliant Legally Defensible Third Party Validated Clients Report 90%+ Accurate!
• Contact Mike Everly, BA, AInstIB• Director Business Development• [email protected]
(816) 537-4600 office (816) 721-5100 cellwww.adventisstaffing.com
Assessed Talent when you need them.
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