Electronic
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The interbiznet Bugler
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interbiznet presents The Bugler
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October 26, 2007
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Bridget Sumser: AmeriCorps Recap
While this may seem harsh and a little flip, when it comes down to it, I choose AmeriCorp over working for you. Of course its not you precisely, but it is the proverbial you. I choose an organization that sold itself to me with its heart, enthusiasm, flexibility, commitment to its staff and community and very little pay, over you.
Why? Read more in the
Electronic Recruiting News.
Reveille and Hyperbole:
The Human Capital Institute (HCI), a global professional association and educator in talent management strategies, and Vurv Technology, a global leader in technology and services for building great workforces, announced today that the two organizations will jointly launch a "Mergers, Acquisitions and Restructuring" education and research track. The track is one of several topics addressed in HCI's Talent Leadership community of interest, a community HCI considers critical to organizations working to leverage human capital for maximum results.
nowHIRE.com, a premier provider of applicant tracking and hiring management systems, announced it has signed a partnership agreement with Halogen Software Inc., the leading provider of award-winning, Web-based employee performance and talent management software. This agreement enables businesses the choice of working with two of the premier vendors in their respective fields and combining the power of both to drive business objectives.
JobStreet.com, South-East Asia's leading recruitment website today announced the successful extension of their existing contract with eQuest. eQuest, the world's leader in offering job-posting distribution services to a viewing audience in over 180 countries, confirmed the multi-year deal assuring ongoing commitment to provide JobStreet.com customers continued premiere domestic and international job-posting services.
Freelance Nation, LLC, a network of 119 city-specific freelance job boards and Internet Marketing service for the self-employed, today announced it is teaming up with Simply Hired (www.simplyhired.com) to deliver freelance jobs and temporary employment opportunities throughout TheFreelanceNation.com North American network.
Comings and Goings:
Ben Kemper has joined Buck Consultants as a Director in its Los Angeles office.
Survey Says:
PreVisor Documents Real-world ROI from Pre-employment Testing
London talent management seminar shows the success of assessment tools in clear, financial terms
PreVisor, a leading provider of employment assessments and selection solutions that connect hiring decisions to business results, recently delivered strong proof of the financial results that assessment can bring. Presented during a half-day seminar analyzing trends in assessment technologies, the company showcased the bottom-line success of many of its clients in a summary Business Outcomes Study.
Held in London on 5 October, 2007, the event was designed to bring together a group of forward-thinking professionals for networking and education about best practices in employment assessments. Representatives from recruitment agencies, HR consultancies, and large employers attended, to share their experience using assessments, and to hear PreVisor report on the latest business results from the field.
Guest speaker Mike Russiello, SVP, PreVisor and President, Brainbench, summed up the state of the industry for attendees, "Everyone in this business believes in the power of assessment to improve hiring decisions and save money. Otherwise, we wouldn't be here. However, surprisingly few companies are willing to measure it. That's the key difference in PreVisor's approach, and the reason we're here today."
The 2007 Business Outcomes Study (BOS) presented during the meeting does just that, summarizing 29 separate outcomes reports covering a range of companies and industries. A cornerstone of PreVisor's offerings, the BOS was the centerpiece of the presentation. As attendee Stephen Randall of Hewitt Associates said, "The PreVisor approach clearly enables organizations to drive the business outcomes they care about most by identifying the candidates with the greatest potential. And just as importantly, they have proven the assessments work time and again through ROI studies such as this, conducted with their clients."
The overwhelming number of cases summarized in the BOS bear out the success of assessments, by measuring "very favorable" outcomes. Some examples include:
- A call center found that high scorers on an employment test outsold low scorers by more than £8800 per year.
- Turnover in a warehouse distribution center was reduced by 50% by pre-employment assessment.
High-scoring reservation agents for a resort destination generated over £73 more per hour in sales than low-scoring agents.
Meeting attendees shared similar experiences, and discussed the assessment best practices that helped create these results. One of the key techniques is a program of ongoing testing, reporting, and refinement. As Hewitt's Randall explained, "The most valuable part of PreVisor's proposition, in my view, is the ability to fine-tune – or optimise – the assessment itself for future use, to give you an even better prediction of the results you need as a business."
According to PreVisor's Russiello, that view is shared by many of PreVisor's clients. "The annual study we publish is very impressive – and the most important thing we do with the data obtained in each study is feed it back into the testing system, to further refine the accuracy of its measurement. The benefit of that approach can be seen by our clients year after year."
The success of the London event demonstrates PreVisor's growing European presence, part of an ongoing expansion into global markets. PreVisor opened their UK office to service clients in the UK and Ireland earlier in 2007. "It's this sense of partnership and of working together with our clients after the initial sale of the assessment that attracted me to PreVisor – as well as the strong focus on demonstrating the benefits in real business terms" says Jonathan Oldershaw, UK Business Development Manager.
About PreVisor
PreVisor, a leading provider of pre-employment assessments and employee selection solutions, helps organizations by connecting hiring decisions with business results. Following the rigorous standards of industrial-organizational psychology, PreVisor's assessment content accurately predicts on-the-job performance and supports fair hiring practices. PreVisor's solutions help streamline hiring, reduce recruiting and training costs, and improve corporate performance for clients worldwide. www.PreVisor.com
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