J Grace Consulting -
How Much Does Turnover Cost?
 
Turnover is the most significant cost to business that is not visible on a P&L.
 
The latest statistics show that it can cost more than 50% of a worker’s annual salary to hire and train a new employee. And what if that employee proves to be a poor choice?
 
The expense of recruiting,
educating, integrating, terminating, and then rehiring could easily exceed that annual figure, particularly when you add in the loss to productivity and morale.
 
You can save money, increase productivity, and avoid the often frustrating and time-consuming task of selecting and retaining employees with powerful human resource solutions and Kolbe analytics from J Grace Consulting.
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
Cost of Turnover includes:
  • Time to review resumes
  • Screening interviews
  • In-person interviews
  • Pre-employment testing/assessments
  • Background checks
  • Reference checks
  • Training
  • Business cards, letterhead, employee badge, etc
  • Lost sales
  • Lost productivity
  • Decreased morale
  • Project delays
What is the Kolbe Concept®?
 
Increase profit Improve moral
The Kolbe Concept holds that creative instincts are the source of mental energy that drives people to take specific actions. This mental drive is separate and distinct from passive feeling and thoughts. Creative instincts are manifested in an innate pattern that determines an individual's unique method of operation, or modus operandi (MO).
 
A person's MO is quantifiable and observable yet functions at the subconscious level. It governs actions, reactions and interactions. It also determines the person's use of time and natural form of communication. Understanding and exercising control over this mental resource gives people the freedom to be their authentic selves.
 
When people act according to instinct, their energy is almost inexhaustible – like water running downhill. But when people are forced to act against their instinct, their energy is rapidly depleted – like water being pumped uphill.
 
Individual performance can be predicted with great accuracy by comparing a person's MO with self-expectations and the requirements of specific tasks. Performance fluctuates based on how closely these elements align.
 
MOs vary across the general population and show no gender, age or racial bias. When groups of people with the right mix of MOs function interactively, the combined mental energy produces synergy. Teams organized along these lines can perform at a higher level than is possible for the same group of people functioning independently. Team performance is accurately predicted by Kolbe's proprietary algorithms which determine the appropriate balance and makeup of MOs.
 
The Kolbe Concept is backed by substantial scientific research and validation and is examined in numerous research articles.
 
Kolbe A™ Results are Both Valid and Reliable
 
•  Distinct from cognitive and affective measures
 
•  Independent of race, gender, age, or other criteria
 
•  Results showing probability of success are tied to job performance
 
•  90% of modes of insistence remain the same on test-retest
 
•  96% of cases show no change between zones on test-retest
 
•  Meets all standards of the American Psychological Association's (APA) Standards of Educational and Psychological Testing 
 
Using Kolbe RightFit™ for Pre-employment Testing
 
The reliability of using the Kolbe RightFit system is ensured through standard Kolbe Index administration and scoring. Kolbe WAREwithal software is the tool for calculation of the Range of Success, as well as the candidate ratings. This completely eliminates the threat of rating bias. Additionally, the Kolbe A Index has been demonstrated to be free from any gender, age, or racial bias. With Kolbe RightFit, you have a selection methodology that is reliable, valid, and meets EEOC guidelines.
 
Source: Kolbe Corporation