The investment spent on recruiting, developing and retaining employees represents a significant portion of an organization’s budget. The direct and indirect costs of a bad hire or promotion are well known. Multiple studies have shown the cost of a bad hire to be as much as three to four times the individual’s annual salary. Additionally, as Gallup® and others have documented, too many employees just don’t perform at expected levels, are not fully engaged, or unnecessarily choose to move to other companies.
March 13, 2014 | Suzanne Miklos, President, O.E. Strategies, Inc. | HCI
The dilemma to assess or not assess is one that many organizations confront. Before solving this dilemma one must consider the purpose of the assessment. With your purpose clear, there are several questions you must address when evaluating which assessment tool is right for your company.