The challenge and cost of employee turnover is one of the most discussed Wholesale Cheap Jerseys , most frustrating and most misunderstood problems businesses face. CEO's have identified employee retention as one of their key challenges in 2005. Yet organizations continue to struggle with this costly issue. The science of psychological assessments has recently advanced, allowing the development of much more predictive assessment tools.
If you do not know what your employee turnover cost is, many experts agree that you can come surprisingly close to the cost of a single turnover incident by simply multiplying the annual salary for the position times 2.5 ? that will cover productivity loss, recruiting and hiring cost, training cost, liability Wholesale Authentic Jerseys , unemployment and the other 101 hidden costs that we usually try not to think of when we lose an employee.
Employee turnover often begins with a poor hiring decision. When we hire someone who is a poor job fit, we have already begun an almost inevitable course that will end with failure ? and another turnover casualty. Part of the problem of poor hiring lies with our poor tools: One comprehensive study of the hiring process indicated that, if an interview is your only tool, you have only a 14% chance of making a good hire. Add good reference checking (and we all know how difficult that can be), you can raise your success ratio to 26%. If your goal is to beat one out of four odds, you need better tools!
Fortunately Wholesale Jerseys , the science of employee assessments has produced increasingly useful tools to add to the art of hiring. While no assessment, or even a combination of assessments, guarantees success, the same study showed that use of personality, abilities, interests Wholesale Authentic Football Jerseys , and job matching measures can raise your success rate to 75% or better. Equally important, valid pre employment screening assessment tools in all of those areas can be applied for well below 1% of the projected cost of a bad hire.
Why don't more of us use employee assessments to improve our hiring (and lower turnover)? Part of the answer lies in lack of education on the topic ? not many of us have even attended a single seminar on use of scientific assessment tools. Part lies in reluctance to spend any money on new processes. Part of it, frankly, is the already overwhelming load we place on the people who are doing the hiring ? they are so busy bailing the boat, they can't take time out to turn on the bilge pumps! To change the course of turnover, you must recognize that the costs are killing you Wholesale NFL Football Jerseys , that you can change course, and that the rewards are well worth the trouble.
Profiles International, Inc. is the world's leading publisher of employment-related assessments. Its products serve the needs of business, industry, education, and government Wholesale Football Jerseys , by providing a means of getting the information employers can use to make better hiring decisions.
The assessments are available from Robert A. Cameron & Associates, Weston FL, a Strategic Business Partner of Profiles International. Mr. Cameron works with employers to help them increase the effectiveness of their human resources departments and improve their company's productivity and profitability. They can be reached at 954-385-8701 or visit their website at
Quality Service Comparisons For Your List Of Bank Bin Numbers Internet Articles | April 6, 2013 Determining which provider for your list of bank bin numbers can be a real challenge if you don't know what you should be looking for out of a company.
With a quality bin list bank identification number database, you can stop fraudulent transactions before they affect your business, but there are a lot of impostors out there on the market that don't give you the reading that you need when they need it. The failures are usually due to infrequent updates or not checking enough in way of parameters. Two quality services that can cut through all this noise are BinBase and BinDataSet Wholesale Authentic NFL Jerseys , though you will notice that even among companies, such as these, there are key differences that could influence efficiency. Before buying into either one, know what they offer and how it is beneficial to your business.
Compare the databases themselves.
When you are looking for a quality database, you'll need to consider the databases themselves. How far do they go in their coverage? Are there extra bells and whistles you don't really need, or does the list of bank bin numbers not go far enough in granting you the protection you are looking for? With BinBase Wholesale Nike NFL Jerseys , you get a quality set of 234,000 numbers with more being added all the time. This will generally cover standard credit card transactions, but it doesn't go quite as far as the 352,000 that you'll get at BinDataSet. Of course, more isn't necessarily better, but if you need a comprehensive structure Wholesale NFL Jerseys , then BDS may be the way to go.
Track updating frequencies.
While BDS wins in a side by side comparison of actual bin numbers, BB appears to establish updates more often, with the latest revision a full 11 days after what you will find at BDS. This doesn't necessarily mean one is more suited to your needs than the other - for that info, you'll need to compare it to your business - but it does highlight the importance of a well-kept list that continues to provide accurate information on a regular basis. You may want to contact both before signing up to see what their routines look like with regard to updating frequency.
Parameters
With parameters, BB goes the extra mile, checking numbers based on all 11 criteria. It is by far the most rigorous we've seen. At BDS Wholesale Jerseys From China , you still get four core parameters in bin, brand, issuing organization and A3 codes. The bottom line here is that you want an organization that takes its commitment to accurate lists seriously.