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The Total View
December 18, 2002
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--
Experience is not all it's cracked up to be!
-- What we found may
surprise you!
-- Too Cool, Calm and Collected
-- Too smart for the
job
-- Mistaking the diamonds for glass
-- Looking in all the
wrong places
-- Was Managing to Excel what you expected?
--
Unemployment reached 6 percent but....
-- On the road again...and the
airways
-- Schedule Your 2003 Events Today
Greetings!
I met Sharon just a few weeks ago. Sharon's boss had engaged - or maybe
the more proper word might be "challenged" - us to find what
differentiated his stars from his bottom performers.
Sharon's boss and owner of the company, Jeff, was skeptical to say the
least that a "personality test" could really predict a successful sales
performer in his industry and his organization. Jeff, like many other
managers, believed that his industry, selling residential mortgages, was
unique and that selling loans - and a lot of them - only required a
combination of experience, intelligence, and good work ethic.
Experience is not all it's cracked up to be!
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Unfortunately,
six of Jeff's seasoned loan officers, including three with over twenty
years of experience, ranked in the bottom half of loans closed during
2002, a historical year for new loans and re- financings. Ironically, five
of the top performers had worked as a mortgage loan originator five years
or less and two of his top ten had only two years experience. Experience
definitely contributed to success but relying on it as a predictive tool
for new hires was a 50-50 proposition at best. With the competition for
loans being what it is and busy-ness not allowing for long training
periods, Jeff's interest was piqued about finding a better way to identify
individuals who could sell and originate loans for his company.
What we found may surprise you!
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
It did the hiring
managers and senior executives.
1. Top performing employees come with a variety of skills and
personality traits. The job analysis and benchmarking actually expanded
the pool of potentially successful candidates and employees and zeroed in
on two key knock-out factors.
How
can a job analysis help you?
Too Cool, Calm and Collected
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
2. The most
striking difference between being a star and a poor performer was a sense
of complacency. Experience and abilities were overshadowed by high
stability. Over one-half of the employees who missed expectations were
frankly being okay not being okay and lacked the urgency to change.
Several preferred to be judged by their intentions while the organization
measured results. These poor performers believed tomorrow is always
another day.
3. Approximately seventy-five percent of the employees they would hire
again based on the results of personality, interests, and abilities;
two-thirds of these employees were in the top fifty percent of performers.
Too smart for the job
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
4. Before we
started the process, we were told that these positions required smart and
intelligent people. What these managers learned was hiring individuals
with more skills than they needed to do the job decreased training time.
What they didn't realize was that it also increased the likelihood for
boredom and disenchantment with the job, resulting in turnover. It is now
clear that hiring individuals with enough of the right skills is more
important than hiring employees who have "excess capacity" just in case
you need the skills. Organizations that hire individuals with higher
general abilities than the job requires need to have rapid growth
opportunities or these employees leave for bigger challenges.
5. Of the one-third of those employees not meeting expectations, other
factors affecting performance included lack of experience, job
dissatisfaction, career mismatches, and manager-employee mismatches. By
re- assigning several of these employees to different managers, branches,
or jobs, at least half of these employees would remain with the
organization and had the potential to become productive employees.
More
on job analysis - see CriteriaOne, The Whole Person Approach
Mistaking the diamonds for glass
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
6. Our clients
initially feared that personality tests would unnecessarily screen out
qualified candidates. They discovered just the opposite. Based on the
newly developed top performer profile and looking back at their screening
criteria, they recognized that they had unintentionally and mistakenly
bypassed and overlooked several good prospective employees. As an added
benefit, by looking for people with more average abilities and
personalities, the size of the qualified labor pool just expanded.
7. Most sales and management jobs only require average abilities with
the right personality match. Hiring the best and the brightest is not as
important as hiring individuals with the right abilities and a good
personality match.
Looking in all the wrong places
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
8. Instead of
looking for superstars many jobs just require the skills of the average
Joe and Mary. That's good news for hiring managers. As one manager told
us, "we now know that we don't need to be recruiting MBAs on college
campuses but setting up a kiosk in the mall."
Was Managing to Excel what you expected?
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
"NO! It was better." was the reaction
of one participant at the 2002 Managing to Excel workshops held at the
Lancaster Chamber of Commerce. Others told us it was "easy to learn",
"great interaction", "perfectly timed", "unique and practical", and "great
presentations on tough areas for me to work on."
Managing to Excel 2003 begins on January 8, 2003 at the Lancaster
Chamber of Commerce. Managing to Excel is a series of 12 workshops for
front line managers, supervisors and team leaders focusing in 12 critical
skills including time management, goal setting, problem solving, team
building, project management and more.
More
on Managing to Excel
Unemployment reached 6 percent but....
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...the number of
people employed in November 2002 exceeded the number of people employed in
November 1999!
Don't be misled by the numbers. The number of available employees might
have increased in number but not quality. The unemployment rate for
workers 25 years and older is only 4.8 percent and college graduates is a
paltry 2.9 percent.
Read
more between the lines of The Perfect Labor Storm
On the road again...and the airways
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Ira Wolfe,
founder of Success Performance Solutions, will be the guest on The Bill
Brosey Show at 8 AM on December 29 at 8 AM. Tune into to WJJZ-FM, 106.1 on
your dial or email us at iwolfe@super-solutions.com for a free tape of the
show.
Ira will also be speaking at the International Builders' Show in Las
Vegas in January and the Greater Fort Wayne Chamber of Commerce in March.
This will be Ira's second presentation at the International Builders'
Show.
Schedule Your 2003 Events Today
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
Looking for a
great keynoter on the future of the workforce, generational trends, how to
manage and motivate employees, or finding your dream career? Contact us
today to schedule 2003 and 2004 events.
Contact
Information
~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~~
email: iwolfe@super-solutions.com
voice: 717.656.4632
web: http://www.super-solutions.com