In the war for talent, companies need to use all the data they have to drive employee retention. And pre-employment testing data can get you a long way towards achieving this goal.
Pre-employment testing doesn’t just help companies choose the best candidates. The reports also provide valuable data that companies can use to streamline new hire training and improve the employee experience.
Make the most of training
Today’s workers expect to be trained, and they rate potential employers in part by the quality and quantity of training they provide. 95 percent of millennials say job-specific training contributes to their job satisfaction, according to Society for Human Resource Management (SHRM); and 59% say opportunities to learn and grow are extremely important to them when applying for a job, according to Gallup.
As a result, companies are spending more on training than ever before. Training Magazine’s annual survey reported that US companies spent more than $90 billion on employee training last year, which is almost 33 percent more than 2016. The investment in training is designed to better engage workers, and advance the overall skills of the team while letting employees know that the company is invested in their future.
But generic training courses designed with a one-size-fits-all approach aren’t going to drive employee retention. In a highly competitive and high-pressure jobs market, new employees expect customized learning solutions that quickly teach them the skills they need to be successful and don’t waste their time on content they already know.
Companies that want to make the most of early training engagements, can use an employee’s pre-employment assessment results and Job Fit report to determine what each new hire needs – and what they can afford to skip.
Mind the gaps
While every recruiter wants to believe that the there is a perfect candidate for every job, in reality, the perfect candidate probably doesn’t exist. Most new hires have a few gaps. That doesn’t mean they can’t excel on the job – but they’ll do better with a little targeted guidance.
That’s where the Job Fit report can help with onboarding and new hire training. The reports provide hiring managers with hard data as well as a summary to explain where a candidate’s skills meet or exceed what’s needed for a role, and where they fall short. They also receive a Participant Report, which doesn’t show specific Job Fit data but does provide hiring managers with a non-judgmental summary they can share with the employee to discuss their skills and how they can benefit from additional training. Together, these reports set the stage to have candid conversations with new hires about their training goals and charting their own career development strategy. That drives two important benefits for the business.
- It improves productivity. Using data from pre-employment testing results to customize new hire training helps employees ramp-up faster by providing them with meaningful targeted learning opportunities. This makes them more productive, which is good for the business, while positively impacting their workplace performance and sense of accomplishment.
- It drives employee loyalty. A custom training plan sends a message to new hires that you care about their development, and are willing to invest in helping them build the skills they need to be successful. According to Gallup, 40 percent of employees say an organization’s commitment to professional development is very important to their engagement with the company.
Every new hire requires significant time and financial investment. It makes sense to use all the data you collect in this process to improve their skills and their experience. It will help them to succeed and improve retention. In an economy where good talent is hard to find, that’s a formula that can’t be beaten.