There's a lot to be said about assessments, but really only one reason to use them: they boost profits. Assessments are used to gather information within an organization that can be used to make better decisions in hiring, training and developing employees and leaders.
How much can you boost your profits? It depends on how much you're currently losing to employee problems. For example, at a recent meeting with the CEO of a regional bank, I shared a brochure on the "Top 10 Reasons To Use Assessments In Your Hiring Process" whose cover stated, "60% of a manager's time is spent fixing people problems."
I was dismayed when the CEO said there was a typo on the cover. When I asked him where, he pointed to the 60% figure. "That number should be 95%!" he said.
If you or your managers are spending anywhere from 60% to 95% of your time fixing people problems, you can calculate what that's costing the company. Then calculate the boost in profits if you cut those problems in half, or reduce many of them altogether. Click here to download a worksheet to see how assessments can help you.
It won't surprise you to learn that the CEO of that regional bank is now using assessments to make better hiring, training and management decisions. As a skilled money manager, he quickly saw the financial benefit of stopping employee problems before they begin. He understood that assessments were the key to building a focused, energetic team that would boost profits for the long term.
If you, like that savvy bank executive, want the inside information that will help you build a solid team, then you should be using assessments. There are assessments to fit every need and budget. Though honestly, the question is not, "What does it cost to use assessments?"
The real question is this–"What is it costing you to fix your people problems–problems that could have been avoided if you had the inside information that makes it possible to put the right person in the perfect position?"
Assessment Pros will deliver that inside information that makes it possible to hire the right people, retain and develop employees, and teach team leaders to manage and motivate. You'll have to information you need today to plan for a successful tomorrow!
I'll happily help you through the process of choosing and using assessments to save money and boost your profits. Give me a call today–Jennifer Leake at 866-373-0300–or click here to send email.
I'm a CMC® (Certified Management Consultant), which is the certification mark awarded by the Institute of Management Consultants USA and represents the highest global standards and ethical canons of the profession. Fewer than 1% of all consultants have achieved this level of excellence.
