What does it cost you to hire someone? Many companies estimate the hard costs at up to 30 percent of salary for non-management positions (and up to 50 percent for management positions).
Add in the soft costs—a vacant position, a manager‘s time spent hiring, training, productivity loss through the learning curve—and the overall expense can zoom to two or three times the annual salary.
And that‘s for a good hire. The costs of a bad hire—extra training, management intervention, low morale among coworkers, lost revenue, even legal fees—can skyrocket in short order.
It pays to get it right the first time.
How your organization benefits
Designed to assist in hiring for positions of 40 or more people, Vital Hiring Insights (VHI) returns its investment to you with just one or two successful selections. This solution is an integrated, turnkey offering based on a scientific method that‘s both objective and quantifiable. It fits seamlessly into your existing hiring process—because it was designed to complement your expertise, not replace it.
You can expect:
- Improved employee retention
- Increased job satisfaction and performance
- Improved morale
- Better communication between individuals, departments, locations
- More effective training
- Managers freed to innovate and lead, not “fix”
How Vital Hiring Insights works
Vital Hiring Insights (VHI) turns hiring assumptions upside down with a shift away from “Are they qualified to produce results?” to an emphasis on “Will they be motivated to produce results?” VHI employs six components to identify the right candidates:
- Customization & Benchmarking – identifies motivators, behaviors and competencies of your top performers to create benchmarks and interview questions
- Pre-Screen – determines a match on the “essentials” – education, skills, experience, salary, etc.
- Competency-Based Interview Questions – customized, behavior-based interview questions, with objective scoring
- Behavioral & Motivational Assessments – comprehensive view of candidate benchmarked against your top performers, generates follow-up questions to probe potential conflicts with job requirements
- Realistic Job Preview – mutual interview between candidate and an employee already in the position for a truer picture of the “fit”
- Candidate Selection Guide – one-page summary of all hiring data collected, enables objective hiring decision
All of this comes together in The Candidate Workbook, an electronic file that includes all the information from Components 1 through 6 to aid in decision-making.
Request our comprehensive VHI Brochure.
What does it cost to hire someone? What does it cost to hire the wrong someone? Hire the right someone. Contact us about Vital Hiring Insights.
Once you‘ve hired the right people, success lies in developing their talent to be extraordinary and creating a culture in which they will flourish and want to stay. Read about workforce development and workplace culture.
You‘re in good company. View our client list.
Vital Hiring insights™ is a trademark of Vitalwork, Inc. Interviewing Insights™, Workplace Motivators™, DISC™ Profile are trademarks of Target Training International, Ltd.