Identification of Talent is one of the most complex talent management tasks.  When done effectively it improves employee engagement, employee motivation, employee performance, and organizational profits.  When done ineffectively the consequences can be expensive, time consuming, demoralizing, and sometimes catastrophic.  The US Department of Labor estimates that the average cost of a bad hiring decision equals 30% of the individuals first year's earnings, and the American Management Association says the cost can be up to 200% for senior leaders and sales people.  A Business Week study estimated replacement costs alone at more than $10,000 for about half of all jobs, and approximately $30,000 for all jobs.  Hunter and Schmidt studied several different highly complex jobs and found that across these jobs high performers produce an average of 40% of salary more in value than average performers.

CorDell & Company begins each talent identification program by Analyzing the Job.  Next, we Design the Assessment Process, balancing costs and benefits to maximize value.  Assessment Administration is the third step, and can be conducted by one of our consultants or by a trained employee.  Finally, we Analyze Assessment Results to ensure data is correctly interpreted and the appropriate decisions are made.

If you would like help identifying talent or analyzing and improving your talent assessment process please contact us.