A Gallup publication. Find the original here.
According to Gallup, companies fail to choose the candidate with the right talent for management positions 82% of the time. That means organizations hire the best managers fewer than two out of 10 times.
Business experience and the data agree: Picking the right person for a job is far more difficult than people realize.
The solution is to use a selection process that is fair and objective and that identifies true job-related talent — not just good interviewing skills.
Using talent-based assessments for hiring not only helps minimize hiring bias, it also improves business performance:
1. Talented employees outperform others by a wide margin. Gallup has found that when organizations systematically select high-talent managers and individual contributors, they can see up to 33% higher revenue per employee.
2. When people do what they are good at, they find work enjoyable, engaging and rewarding — which leads to even higher productivity.
3. Hiring the best people for the job can improve nearly every measure of business health. When companies select the top 20% of candidates based on a scientific assessment, they realize 41% less absenteeism, 70% fewer safety incidents, 59% less turnover, 10% higher customer metrics, 17% higher productivity and 21% higher profitability.
But more importantly, scientifically valid hiring assessments remove subjective bias by narrowing your candidate pool to those who are objectively qualified for the role.