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 - PowerPoint PPT PresentationTRANSCRIPT
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
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
Develops a Complete Picture
Compares Applicants to Optimal Profile
Person A - Role Fit Score = 9.0 Person B - Role Fit Score = 6.0
Provides Rank-Ordered Comparative Roll Up
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
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