Your new talent development and retention strategy: Assessing for high-potential leadership

Hire the best and less of the rest: Minimize the risk of a bad hire with data-backed insights

Imagine that you are a stakeholder that is responsible for filling a pivotal role in your organization. A candidate comes along and they meet or exceed all job requirements, they have long-standing tenure and growth at their previous organizations, their kids go to the same school as your kids, and they have great chemistry with yourself and the other stakeholders—this candidate is perfect on paper, so your organization hires them. However, less than a year later, their role turns over. What happened? What went wrong?

According to the U.S. Department of Labor, the costs of hiring and onboarding the wrong leader are substantial, reaching up to 30% of the employee’s first-year earnings. Some human resources agencies estimate the cost to be higher, ranging from $240,000 to $850,000 per employee. The reasons why candidates do not work out at a company can vary from compensation to poor onboarding to unproductivity, but despite this, risk can be reduced with the right steps. So, how can organizations mitigate hiring risks that come with recruitment and retention?

Many companies view current talent shortages and retention issues as a key barrier to their continued growth. Yet leading organizations are proactively addressing the issue through sophisticated assessment-driven talent strategies. The right assessment-based talent strategy will provide your organization with a sustainable supply of quality leaders at all levels to meet the demands and challenges of today and tomorrow.

In addition to helping organizations address these questions, we empower them with data analytics. At the individual level, we arm you with the insights needed to make important talent decisions, then coach you how to leverage those insights for better onboarding, integration, productivity acceleration, retention of top talent, and ultimate success. At the organizational level, we help you harness the aggregate data to better inform your talent strategy. It’s clear talent assessment has become a critical component in high-growth organizations that want to elevate their business performance. We can guide and support your efforts.

For a limited time, first-time assessment users will receive 10% off their first assessment or 25% off their first assessment and growth planning bundle. Fill out the form to get started today.

Learn more about scaling assessment for your organization’s most critical roles:

How MDA’s clients are leveraging talent assessment: