building a value of hire model
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Building A Value of Hire Model
Roger PhilbyChemistry
A presentation for Talent Puzzle
Chemistry Select
© Chemistry Select : 2011
Why It Matters
A presentation for Talent Puzzle
3 out of 4 hires for business
are wrong!
© Chemistry Select : 2011
Why That Matters ?
£24bna year is spent on managing poor performers
“A single mishire costs UK Plc 4-14x the base
salary”CIPD & Topgrading, Brad Smart
A presentation for Talent Puzzle
Source: Future Foundation project – Getting the Edge in the New People Economy
© Chemistry Select : 2011
Problem StatementCost
QualityTime
Hiring Today
Cost
QualityTime
Value BasedHiring
A presentation for Talent Puzzle
© Chemistry Select : 2011
Outcome Based Measurement
① Established WGLL
② Built objective screening
③ Performance management embedded
A presentation for Talent Puzzle
© Chemistry Select : 2011
① Established WGLL
② Built objective screening
③ % Fit against Potential &
Day 1 Performance
Point of Hire Based Measurement
A presentation for Talent Puzzle
© Chemistry Select : 2011
① Established WGLL
② Matrix used at point of hire
③ Best Talent Regime embedded
Performance Based Measurement
A presentation for Talent Puzzle
Most Businesses Energis
© Chemistry Select : 2011
Here’s The Opportunity…
① With the business, define the “employee
value measurement”
② Define the “Quality Model” that supports
this, objectively measure it
③Decide to do it, it’s a choice!
A presentation for Talent Puzzle
© Chemistry Select : 2011
Thank You
Roger PhilbyChemistry
A presentation for Talent Puzzle
For a slightly more controversial view on this subject please go to our blog http://itstalentstupid.com
© Chemistry Select : 2011