hr innovations catalogue executive summary

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Highly Accurate, Low Cost, Competency-Based Decision Support System For Quickly Assessing Incumbents, Applicants and Contractors For Job Suitability HR Innovations Catalogue Executive Summary A No Frills Distillation of Vendor’s Marketing Collateral Thomas A Ference President & CEO Human Resources Mining & Distribution Co Locating, Validating and Accelerating HR Innovation Office: 219-662-0201 Cell: 630-240-2583 Fax: 219-661-0236 e-mail: [email protected] Website: www.hrmdco.com

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Highly Accurate, Low Cost, Competency-Based Decision Support System For Quickly Assessing Incumbents, Applicants and Contractors For Job Suitability . HR Innovations Catalogue Executive Summary A No Frills Distillation of Vendor’s Marketing Collateral Thomas A Ference President & CEO - PowerPoint PPT Presentation

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Page 1: HR Innovations Catalogue Executive Summary

Highly Accurate, Low Cost, Competency-Based Decision Support System For Quickly

Assessing Incumbents, Applicants and Contractors For

Job Suitability HR Innovations Catalogue Executive Summary

A No Frills Distillation of Vendor’s Marketing Collateral Thomas A FerencePresident & CEO

Human Resources Mining & Distribution CoLocating, Validating and Accelerating HR  Innovation

 Office: 219-662-0201Cell: 630-240-2583Fax: 219-661-0236

e-mail: [email protected]: www.hrmdco.com

Page 2: HR Innovations Catalogue Executive Summary

Highly Accurate, Low Cost, Competency-Based, Job Suitability

Assessment • Heretofore, employees / job candidates / contractors could not be comparatively

assessed for job suitability en masse due to high cost, low speed and low accuracy

• This low cost, high speed, SaaS-based system measures each individual applicants capacity to perform specific, prioritized job-related tasks consistently, on a day-to-day basis for reliable performance predictability

• System determines and compares each person’s role fit results using a proprietary Job Competency Profile that based on 54 competencies that are mixed and matched against each of 1200 O#NET positions

• The assessment can be applied for campus recruiting, new hire prioritization, desired job-relevant performance, career pathing, reduction-in-force prioritization plus training & development requirements and management

• Predicts how successful an applicant or employee will be in a specific job/role with 87% Accuracy >95% of the time and BEFORE opening a single resume

Page 3: HR Innovations Catalogue Executive Summary

Develops a Complete Picture

Page 4: HR Innovations Catalogue Executive Summary

Compares Applicants to Optimal Profile

Person A - Role Fit Score = 9.0 Person B - Role Fit Score = 6.0

Page 5: HR Innovations Catalogue Executive Summary

Provides Rank-Ordered Comparative Roll Up

Page 6: HR Innovations Catalogue Executive Summary

Case Study – Campus Recruiting Example • Retail grocery store chain 100,000+ employees• Graduate recruiters annually harvest 5000 resumes to fill 85

management trainee positions • University Job Fair related expenses @ $2million+ with

negative ROI • Resume and transcripts provide degree, major and GPA but

little information on how graduate will perform on the job • Every interested student now required to complete the on-

line assessment • Cost / Benefit Ratio was 1 to 11.5• 100% ROI obtained in < 90 days• Retention (estimated) will be >97% after 24 months

Page 7: HR Innovations Catalogue Executive Summary

Next Steps• This product/service is contained in the HR Specialty

Products & Services Catalogue™ • Operational level details about this particular service

provider can be obtained in conference with the vendor• The HR Mining &Distribution Co. is an independent and

contracted representative of the vendor• Upon your request, we will arrange for an introduction

that can range from a simple, quick conference call to a services overview / system demo

• Tom Ference 219-662-0201 (Chicagoland area) or [email protected]

• Thank you for your potential interest in this fresh thinking