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.
HireSmart LLC 