Are you selecting the best candidate for your job opening and organization?
Making the wrong hire is costly to an organization, both financially, in terms of cost and time involved in filling a position and in terms of not adding the appropriate human capital to your organization.
WHY IS IT IMPORTANT?
Selecting the right employee:
- Reduces employee turnover and increases productivity;
- Is responsible for up to 15% of a firm’s relative profit;
- Helps to establish employee trust; and
- Improves the overall knowledge, skills and abilities of your staff, which helps you to increase motivation, morale, retains high quality employees.
You also want to ensure that you are not missing people who would have performed well in the position (false negatives) or ending up with an employee who does not fit the position or your organization (false positives).
This section provides information on: