Only
19% of new hires go on to succeed in their new
positions according to Leadership IQ’s Global Talent Management Survey. The
study assessed 1463 American companies and 972 Chinese companies on a range of
topics, including leadership, engagement, retention, and recruiting. Leadership IQ’s three-year study involved
more than 5,000 hiring managers during more than 20,000 hires and found that
while hiring managers often focus interviews on job skills, lack of skills
accounted for only 11 percent of new hire failures.
Top
Four Reasons Why 81% of new hires failed
26%
of new hire failures were due to low Coachability
which was defined as an inability to accept feedback from those they work with
including supervisors, colleagues, peers and customers.
23%
of new hire failures were due to a lack of Emotional
Intelligence which was defined as an employees’ inability to understand
their emotions, as well as the emotions of others.
17%
of new hire failures were due to low Motivation
which was defined as insufficient drive to exceed or excel in the job.
Many
of the remaining new hire failures were due to Temperament
which was defined as poor personality fit for the job.
Talent Assessment Strategy USA is
used for: hiring new employees, evaluating current employees for different
roles, identifying employees with high leadership potential, comparing talents
against established job fit benchmarks, and to create individual development
plans based on an employee’s strengths and skill gaps. Employers often use the
following methods of talent assessment: Structured interviews, Work
simulations, Problem-solving tests, Personality tests, Unstructured interviews,
and Assessment/Reviews of Education and Experience.
Talent Assessment Strategy USA
will help you design your hiring interview and your talent assessment strategy to
evaluate: Coachability, Emotional
Intelligence, Motivation, and Temperament.
