Building A Value of Hire Model

Roger PhilbyChemistry

A presentation for Talent Puzzle

Chemistry Select

© Chemistry Select : 2011

Why It Matters

A presentation for Talent Puzzle

3 out of 4 hires for business

are wrong!

© Chemistry Select : 2011

Why That Matters ?

£24bna year is spent on managing poor performers

“A single mishire costs UK Plc 4-14x the base

salary”CIPD & Topgrading, Brad Smart

A presentation for Talent Puzzle

Source: Future Foundation project – Getting the Edge in the New People Economy

© Chemistry Select : 2011

Problem StatementCost

QualityTime

Hiring Today

Cost

QualityTime

Value BasedHiring

A presentation for Talent Puzzle

© Chemistry Select : 2011

Outcome Based Measurement

① Established WGLL

② Built objective screening

③ Performance management embedded

A presentation for Talent Puzzle

© Chemistry Select : 2011

① Established WGLL

② Built objective screening

③ % Fit against Potential &

Day 1 Performance

Point of Hire Based Measurement

A presentation for Talent Puzzle

© Chemistry Select : 2011

① Established WGLL

② Matrix used at point of hire

③ Best Talent Regime embedded

Performance Based Measurement

A presentation for Talent Puzzle

Most Businesses Energis

© Chemistry Select : 2011

Here’s The Opportunity…

① With the business, define the “employee

value measurement”

② Define the “Quality Model” that supports

this, objectively measure it

③Decide to do it, it’s a choice!

A presentation for Talent Puzzle

© Chemistry Select : 2011

Thank You

Roger PhilbyChemistry

A presentation for Talent Puzzle

For a slightly more controversial view on this subject please go to our blog http://itstalentstupid.com

© Chemistry Select : 2011