Nothing is more important to an organization’s success as hiring and maintaining the right people.  It’s a seemingly simple concept of matching skills with job functions.  However, if two out of three resumes are embellished and, according to Fortune Magazine, only 66 percent of applicants actually tell the truth about their relevant experience, the hiring process becomes much more risky–and more costly.
 
Finding the right person for the job is critical to creating high performing teams.  Research shows that high performers are capable of producing 25-50 percent more than their poor performing counterparts.  These poor performers cost thousands of dollars and cause stress among managers and other workers.  Organizations estimate the costs of incorrect hires to be two to four times a person’s salary.
 
According to Dr. Seth Leibler, CEO of CEP, the industry leader in workforce performance improvement, a behavior-based hiring process is the best and only means to guarantee you put the right people in the right positions.  “The behavioral science research results we base our performance improvement solutions on can be directly applied to the hiring process as well,” says Leibler. 

Leibler explains that research shows people want the opportunity to perform and to be successful in their jobs.  “When hiring, you need to be clear with candidates and state explicitly what skills and behavioral characteristics the position requires,” Leibler said.  “Establishing these key factors will help you effectively pinpoint the best-qualified candidates and eliminate the time and money wasted on those who are not the right fit.”
 
To streamline your hiring and help you recruit the highest quality talent, Leibler recommends every organization develop performance-based Candidate Selection Tools.  The tools establish detailed parameters that directly match job requirements for your hiring managers to follow when filling positions.  “The economic benefits of well-developed Candidate Selection Tools are enormous," adds Leibler.  "With a system in place to hire the right people, organizations can reduce turnover, increase morale and productivity, and ultimately be more profitable.”
 
“Every person in your organization has the ability to make or break your bottom line,” concludes Leibler.  “Hiring and maintaining top-notch talent is the best way to ensure you come out ahead.”
 
CEP has developed successful performance-based Candidate Selection Tools that have helped organizations recruit the highest quality team members, and we can do the same for you.  For more information on how CEP can help you design and develop a proven method for hiring the right talent, please call Paula Alsher at 800.558.4237.