EXECUTIVE
SELECTION
Legal
Issues | Sample Questions
Why get help in making
hiring decisions at the executive level?
Many companies make expensive hiring mistakes. Research in the area
of selection and hiring has shown that most in-company interviews
produce relatively poor results in terms of predicting a candidate's
later performance on the job. In fact, the ability to predict an
executive's management abilities in such cases is little better
than chance. Research from industry sources also indicate that 30-35%
of all executives entering a new position fail and 40% are no longer
in the position after 18 months.
Making mistakes in hiring at the executive level is extremely costly.
A poor hiring decision can cost as much as a million dollars or
more considering search fees, relocation costs, signing bonus, and
loss of team productivity, not to mention outplacement costs and
legal fees. Industry experts cite replacement costs for an executive
at roughly 150% of the departing executive's salary. Clearly, hiring
the right person for a key management position can make a big difference
in productivity and profit.
The Turknett Advantage
Turknett Leadership Group has the ability to validly and accurately
predict an individual's personal characteristics, social and communication
style, decision-making ability, management and leadership capabilities,
and to assess a candidate's fit with the position and your organizational
culture. To do this we use our proprietary selection instrument
that combines two tests recognized for reliability and validity.
This selection tool is unique in that it is normed on over 5,000
executives. Using the statistical correlations (multiple regression)
between the personality data (how the person sees himself/herself)
and the 360 ratings (how the person is actually viewed in a live
work setting), we can predict the 360 rating for a candidate with
surprising accuracy. As a result, you will make a much more informed
hiring decision. As an added value, the information we give you
on your new hire can help to ensure a faster transition onto his/her
new team.
How about ethics and
integrity?
A candidate for an executive position must not only be qualified
but also be a dedicated, highly ethical individual. Turknett is
uniquely qualified to help you determine if the candidate has the
degree of integrity and leadership character necessary for success.
Using the data gathered from the interviews and assessments, Turknett
consultants can determine how the candidate stacks up to the core
qualities in our Leadership Character Model. The Leadership Character
Model outlines the qualities that create the kind of underlying
character all leaders need to lead others and impact organizational
results.
The Turknett Executive
Selection Process includes:
- Position Analysis
- Custom targeted interview questions
- Leadership Evaluation - a questionnaire assessing personality,
behavior, and work styles
- Psychological Interview
- Assessment and Developmental Feedback
- Cultural Assessment (if needed)
