The Case for Matching Technology Insights Report
Click here to download the original Insights Report published by Talent Tech Labs
How Success-Based Matching takes the guesswork out of building high performing teams.
70% of people are in the wrong jobs. Yes, you read that right, 70%. That’s 125 million people in North America alone. It’s an epidemic! They say the definition of insanity is doing the same thing over and over and expecting different results, yet that’s exactly what’s been happening in the “effort” to fix the problem.
Why does it matter? Does it impact the bottom line?
People represent the largest expense line on virtually every income statement and they ultimately drive the success (or failure) of every business. Finding and placing the right person in their right role is a crucial component of business success, and a thriving labor market. It’s no surprise that successfully placing people in the right job results in happier, more fulfilled employees, better organizations and increased economic profitability. The opposite outcome, however, has significant negative consequences for both employees and employers. According to the U.S. Department of Labor, the price of a bad hire is at least 30% of the employee’s first-year earnings and many other sources suggest the cost to be significantly higher. Using the conservative estimate provided by the U.S. Department of Labor, the total impact on the North American economy of having people in the wrong jobs is $1.9 trillion annually. So yes, it matters.
Jamie Schneiderman
Our Mission: Getting everyone in their right jobs to drive success at work.
Interested in finding out more about how to match your people to their right jobs? Send me a note via email or connect with me on LinkedIn
