CLIENT NEWSLETTER JUNE 2022: ROI OF PI, FACTOR E, PI IN A FLASH APP, INVITE BY LINK, OPEN INVITATION, TROUBLESHOOTING PI, CERTIFY YOUR MANAGERS
THE WAR FOR TALENT
Have You Changed the Way You Recruit ?
On average, 97% of candidates are rejected, and 60% are negative afterward. 83% will change their mind about a company they liked because of a negative experience, and 72% of them will share a bad experience with friends, family or online. 64% of job seekers become less likely to purchase from the company and a stunning 18% will stop using the company’s products or services because of a negative recruitment experience. This is why Candidate Experience matters and has such a tangible impact on your business, making it a megatrend in recruitment. We live in a world where Employer Branding is essential in a successful hiring strategy and your candidates will either become your future ambassadors or detractors.
But when did the tables turn? The current conditions on the job market have changed the name of the game in recruitment. Now, candidates have the upper hand and dictate the rules, requiring you to change the way you hire to make your company stand out from the crowd. Are you aware that, despite doing a great job identifying and ‘landing’ a new hire, on average 19% of candidates who are offered a job decline it? This number is at an all-time high.
A New Recruitment Paradigm
There are various reasons for this recruitment paradigm shift, including:
1) A ‘Need for Speed’: What Do You Expect from the Candidate?
Candidates often juggle more than one job application at a time. Because of this, you need to operate fast and – more importantly – communicate your process and timeline in order to be considered as their future employer. You know PI, you know how effective PI is and you know that the completion time is on average 6½ minutes on The PI Behavioral Assessment and 12 minutes on The PI Cognitive Assessment. You also know that on the business side, you – as an experienced PI Practitioner – spend a relatively short time preparing for the feedback session, and the feedback itself does not have to take hours. Is that asking too much of a candidate? We often receive feedback that candidates generally value the speed and accuracy proposition that PI provides, making it an important part of creating a positive Candidate Experience.
2) A Consideration and Evaluation of the Pain Points in a Recruitment Process
In addition to the speed factor, there are numerous pain points candidates experience in an average recruitment process. According to analyses completed by Talenthub, the biggest pain points during recruitment are:
- Expectation setting
- Opportunity to perform
MEASURE YOUR CANDIDATE EXPERIENCE
The Predictive Index solutions have helped thousands of companies around the world, and Humanostics has been the trusted advisor and PI Certified Partner for several hundreds of them over the years. A number of our valued clients have recently shared their experiences with the PI assessments with us in a series of client testimonials, and we will be sharing these on our website and on our LinkedIn page within the near future. Stay tuned to hear from a number of different companies how they use PI and why they are so happy with the tools!
OPEN INVITATION: INVITE BY LINK
Need to send out a lot of assessment invitations at once? Try PI’s Open Invitation feature to create a unique link (URL) where assessment takers can self-register to take the PI Behavioral Assessment and the PI Cognitive Assessment. You can post the link in a job ad or send it in an e-mail and save the time of having to send multiple individual e-mail invitations from PI Software. Watch this short video to learn more.