A survey (Optimizing Recruiting Activity by Candidate Segment) found that 68% of people who quit coming to a restaurant did so because of attitude or employee indifference towards them. When considering the life time value of a customer, studies indicate it costs roughly 300 to 700 times an hourly worker's rate each time you have to fire and replace them - especially if this was your guest's first experience.
Research repeatedly indicates that pre-employment testing produces positive results. Analysis by DDI reveals that effective assessment testing can reduce hiring decision errors and increase the probability that a candidate who is hired has the skills, motivation, and experiences necessary to succeed. An ERE survey supported this conclusion with 70% of hiring managers stating that testing is beneficial to the organization.
When choosing which test types to use, companies should first consider what factors they hope to predict. Next they should make sure the tools are capable of predicting such factors and that they will fit the company objectives. Third, any assessment including the interview must ask valid, reliable, and job-relevant questions.
Since job success depends on different factors such as attitude, personality fit, general reasoning skills, and experience/education, organizations should be aware that no single test assesses all characteristics. Research suggests that assessments tests are most effective when used in conjunction with one another.
For instance, it is well documented that the reliability of the traditional interview at predicting job success is roughly 52% - that's just slightly better than flipping a coin! But when you add a reference and background check to the mix, the success rate jumps to 62% - better, but still a less than reliable process to select your organization's most important assets and to effectively manage recruiting and hiring costs.
The cumulative effect of including personality, cognitive, and interest assessments increases the odds of success to nearly 70% and as high as 87%. When you consider the high cost of a bad hire, the ROI associated with better pre-employment testing is significant.
Let's just say you intend to invest $10,000 in recruiting and hiring employees. By using the traditional interview as the primary method of screening employees, a business will hire 2 employees for every 1 that works out. The cost of hiring successful employees will consequently nearly double to $20,000.
But by adding selective testing to the process, you can improve hiring success up to 40% and reduce the cost of hiring from $20,000 (using only the interview) to under $15,000. Bu incorporating an interview, reference checks, and personality-attitude-interests-abilities testing into a hiring process called job matching, a business can nearly double its hiring success rate and simultaneously cut their hiring costs in half 'a substantial savings and ROI for any business.
Copyright (c) 2009 Success Performance Solutions
Charles Myrick the President of American Consultants Rx announced the re-release of the American Consultants Rx community service project. ACRX donated over 20 million ACRX discount prescription cards throughout the country. One of the main locations in the Oakland,CA area that received an initial donation of ACIRX free discount prescription cards, is Allied Fellowship Service. The ACRX cards are to be given free to anyone in need of help curbing the high cost of prescription drugs.
Due to the rising costs, unstable economics, and the mounting cost of prescriptions, American Consultants Rx Inc. (ACRX) a.k.a (ACIRX) an Atlanta based company was born in 2004. The ACRX discount prescription card program was created and over 3 million discount prescription cards were donated to the community across the country free of charge between 2004-2005.
The ACRX cards will offer discounts of name brand drugs of up to 40% off and up to 60% off of generic drugs. They also possess no eligibility requirements, no forms to fill out, or expiration date as well .One card will take care of a whole family. Also note that the ACRX cards will come to your organization already pre-activated .The cards are good at over 50k stores from Walgreen, Wal mart, Eckerd's, Kmart, Kroger, Publix, and many more. Any one can use these cards but we are focusing on those who are uninsured, underinsured, or on Medicare.
ACRX made arrangements online for the ACRX card to be available at americanconsultantsrx com site where it can be downloaded as well. This arrangement has been made to allow organizations an avenue to continue assisting their clients in the community until they receive their orders of the ACRX cards. ACRX made it possible for future request to be made from online as well. ACRX also developed a unique marketplace at 2Spendless com site where you can also click on the ACIRX blue banner and download your free discount prescription card as well as find other key discounts.
With a backorder of over 40 million cards ACRX is working diligently to assist as many people and organizations as possible. ACRX will be working over the next few months to fulfill as many backorders as possible. It should be noted that while many other organizations and companies place a cost on their money saving cards, ACRX does not believe a cost should be applied, just to assist our fellow Americans. ACRX states that it will continue to strive to assist those in need.
Both Ira Wolfe & Tanya Young are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.