The use of candidate profiling and assessment has increased dramatically in recent years, with more and more companies looking to achieve the long-term benefits of the best person to job match. Data collected by international business-to-business analytics company, the pH Group, makes a direct link between companies that have invested in SHL’s assessment solutions and their productivity.
SHL has substantial evidence that shows organisations that use scientifically based assessment and recruitment tools are more likely to succeed in recruiting, retaining and developing the correct person for individual roles. The cost of failure resulting from a poor hire or promotion is often crippling. This correlation between organisations that use SHL and higher productivity appears to provide empirical evidence to support a view widely held by the HR Industry – the more an organisation appropriately invests in their people the more they get out of their people.
The pH Group holds data for over three million organisations and identified that companies with productivity levels 50% higher than the average were three times more likely to use SHL’s assessment tools than companies with a productivity of less than 25% of the average.
Kevin Kerrigan, Managing Director of SHL, UK, said: “This research supports what we have always known at SHL; productive firms are those that invest in objective, scientifically based assessment of staff and potential hires to ensure that they secure, develop and retain the best talent. Not only does this demonstrate that SHL’s assessment tools are recognised by an increasing number of companies to improve their recruitment process and reduce costs in terms of financial and workplace resources, but it also suggests that there is a positive relationship between an organisation’s productivity and whether or not it uses psychometric assessment tools.”
SHL’s products are used by companies across the globe to support them in the selection, recruitment, promotion, development and retention of talented people at all levels and across all sectors. The company works with all ten of the organisations listed recently by Forbes as the world’s Top 10 most productive organisations - General Electric, Bank of America, American International Group, HSBC Group, ExxonMobil, Royal Dutch/Shell Group, BP, JPMorgan Chase and UBS.
SHL offers its clients a wide range of assessment tools and consultancy services to ensure the recruitment of the best people. Measuring their staff potential and assuring that the right people fit in the right positions, puts SHL clients one step ahead: their employees’ performance is maximized and their productivity lifted.
About pH Group Ltd
The pH Group, operating in London and Paris, was established in 1987 with the specific purpose of assisting clients in developing their customer bases and achieving sustainable organic growth in the B2B market. By accumulating universe data sets and building time-series on millions of live SMEs and other firms (including several million defaults), they have developed original and highly effective models for predicting propensity, potential future growth paths and default.
Reflecting the previous experience of the founders (the Boston Consulting Group, Arthur Andersen), and this dual “marketing potential/financial risk” expertise, the pH Group has developed a set of highly specific, proprietary, state-of-the-art database tools, with which to model the likely potential for specific products, and the likely default probabilities for millions of European SMEs.