Hiring for Best Possible Outcomes Talent Hacking with Culture Fit Analytics IdealJobFit.com.

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Presentation transcript:

Hiring for Best Possible Outcomes Talent Hacking with Culture Fit Analytics IdealJobFit.com

Key Takeaways Takeaway 1 Improved matching of job candidates with the team & work environment improves retention, lowers the cost of hiring, and optimizes performance Takeaway 2 Talent hacking with culture fit analytics is a data driven strategy that aids employers in hiring for best possible outcomes Employers gain a holistic view of job candidates – their skills, personality, and optimal work environments Improved matching of job candidates with team & work environment Greatly expand the pool of qualified job candidates that fit within the organizational culture and can deliver desired outcomes Takeaway 3 Job candidates have an effective alternative to submitting countless resumes to non-standard job descriptions to find the best fit Job applicants gain improved visibility into the employer’s team & work environment https://idealjobfit.com

Employers Job Seekers Value Proposition Hire the ideal employees Hire for best possible outcomes (rather than best that apply) Job Seekers Secure long-term, meaningful employment with the ideal employers Lower the barriers to entry into the job market https://idealjobfit.com

Recruit Faster Retain Longer Recruiting Challenge Employee turnover can cost employers up to 40% of their annual profit 1 in 3 new hires don’t fit within the company’s culture Roughly 60% of terminated employees have a tenure of less than 2 years Retain Longer https://idealjobfit.com

Hiring Strategies Jamie Dimon, CEO, JP Morgan Chase Doesn’t even need to interview you to know who you are. He’d rather interview all the people around you to get the “book” on you. Richard Branson, CEO, Virgin He’ll tell you it’s all about a culture fit. “Most skills can be learned, but it is difficult to train people on their personality.” What are Soft Skills Soft skills are characteristics an employee possesses that might not be in a job description, but are essential for performing well in the workplace. https://idealjobfit.com 5

Work is the Family you Choose Most important consideration when hiring Whether or not the team can actually work alongside the job candidate If you can prove to be a great fit for the business, you become part of the solid foundation that has been tasked with carrying out the company’s mission If you’re not aligned with the company’s culture and values, the lack of synergy can disrupt the working relationship and derail the mission If you haven’t found the right fit yet, keep looking until you find somewhere you truly belong https://idealjobfit.com 6

Interactive Recruiting Hiring managers & team members interact with job candidates’ former supervisors, co-workers & colleagues Interactive Team & Work Environment Interactive Resumes Job candidates interact with prospective supervisors & team members https://idealjobfit.com

Talent Hacking with Culture Fit Analytics Employers gain a multi-dimensional view of job candidates Job candidates gain a multi-dimensional view of the Employers’ work environment For optimal matching of job candidates to work environments Culture Fit Analytics https://idealjobfit.com

Virtual Employee Records Replace Resumes Skills Team-Ability Past Performance Work Environment Team Members Virtual Employee Record Resume Virtual Employee Records replace non-standard Resumes https://idealjobfit.com 9

Job Candidates Skills Team-Ability Past Performance Work Environment Team Members Virtual Employee Record Subordinate Supervisor Employers gain a multi-dimensional view of Job Candidates connecting with supervisors, subordinates & professional contacts https://idealjobfit.com 10

Team & Work Environment Leadership Projects Resources Performance Team Members Team & Work Environment Team Member Team Member Job candidates gain a multi-dimensional view of the Employers’ work environment https://idealjobfit.com 11

Opportunity in HR – Recruit & Retain Job Candidates Better Intelligence Skills (hard & soft) Qualifications Accomplishments Team-ability Past work environments Performance references Adaptability Flexibility Corporate Culture Better Insight Job assignments Project assignments Resource constraints Leadership style Bureaucratic / political considerations Co-worker(s) Skills (hard & soft) Qualifications Team-ability External View Internal View https://idealjobfit.com

Hiring Alternatives Best that Apply Best Possible Outcomes Job Postings Skills (Hard) Responsibilities Qualifications Certifications Years of Experience References Disadvantage Employers risk hiring individuals that can’t deliver desired outcomes and/or fit within their culture. Best Possible Outcomes Mini-Project Profiles Capabilities (Proven) Performance Level Accomplishments Skills (Hard & Soft) Responsibilities Qualifications Certifications Career Plan Advantage Employers can attract & retain individuals that fit within their culture and improve corporate performance. https://idealjobfit.com

Unemployed & underemployed Stakeholders Job Applicants Unemployed & underemployed Seeking career advancement, better pay & benefits, more responsibility, longer term employment Employers Attract qualified candidates Reduce the time to fill job openings Recruiters Seek insight & intelligence into pool of qualified candidates https://idealjobfit.com

Job Targeting Techniques Mini-Project Job Targeting Help employers Improve returns on human capital investments Hire for the best possible outcomes, rather than hire the best that apply Reduce the cost per hire Reduce the time to fill open positions Offer effective alternative to non-standard resumes Help job seekers Secure longer term, meaningful employment Secure career opportunities best suited to achieve life goals Lower the barriers to entry into the job market for applicants Offer effective alternative to non-standard job descriptions https://idealjobfit.com

Learning more about Applicants Expanded Tools & Techniques for Job Seekers Mini Project Development Templates & samples to help job seekers create mini projects that demonstrate their capabilities to prospective employers Targeted Audience Generic Industry, Size of Company (# of employees, annual revenue, etc.), Location, etc. Specific Company, Company Leaders/Managers, Job Title, etc. Go Behind Closed Doors Solicit feedback from current employees or individuals that have previously worked for targeted employers, and have worked for select leaders & managers https://idealjobfit.com

Mini Project Template Process Flow Process Steps Data Elements Job Scenario Process A Data A Step 1 Description ----------------------------- Process B Data B Step 2 Description ----------------------------- Process C Report X Process D Step 3 Description ----------------------------- Process E Report Y Step 4 Description ----------------------------- Process F Career Millennials use process steps and data elements to complete project outlined in the Job Scenario https://idealjobfit.com

Hiring Managers – Informed Decisions Mini Project Results Assess candidates’ core competencies and abilities to achieve desired outcomes Best Possible Outcomes Competencies & Capabilities Performance Level Accomplishments Skills (Hard & Soft) Responsibilities Qualifications Certifications References from former supervisors/leaders/mentors Career Plan Score: 96% match Process A Process B Report B Data A Step 1 Description Step 2 Step 3 Step 4 https://idealjobfit.com

Benefits Reduce hiring costs Reduce training costs Improve retention & reduce employee turnover Automate & streamline the recruiting process Replace ineffective job postings Replace ineffective, non-standard job descriptions Build talent pools with the ideal candidates Reduce time to fill open positions Reduce and/or eliminate poor hiring decisions Replace Applicant Tracking Systems (ATS) and key word search with machine learning Eliminate errors & omissions resulting from manual data entry and duplicate data entry between ATS, HRIS and other internal systems Improve job applicant data integrity Verify applicant information Eliminate applicant misinformation https://idealjobfit.com

Contact (602) 358-9586 https://idealjobfit.com https://idealjobfit.com