First Advantage Employer Services' Clients Rank Best-in-Class
18 Agosto 2009 - 10:30AM
PR Newswire (US)
-- Aberdeen Group research finds First Advantage clients
consistently outperform their peers in talent management -- POWAY,
Calif., Aug. 18 /PRNewswire-FirstCall/ -- The March 2009 Aberdeen
Group research report, "Assessments in Talent Management:
Strategies to Improve Pre- and Post-hire Performance," found that
the use of assessments enabled best-in-class companies (the top 20
percent of performers among all organizations studied) to achieve
greater than 30 percent average year-over-year growth in three
distinct key performance indicators: quality of hire, employee
performance and employee productivity. In a recently published
research brief on the report, Aberdeen revealed that, among the
more than 500 organizations it surveyed for its assessments
research, companies using First Advantage Corporation (NASDAQ:FADV)
for pre-hire assessments were more than twice as likely as those
using other organizations' services to have achieved Aberdeen's
Best-in-Class designation. "While the focus on sourcing and job
advertising has decreased, screening and selection efforts have
been stepped up to align with an organization's most important goal
of acquiring quality hires," said Jayson Saba, senior research
associate at the Aberdeen Group. "First Advantage clients recognize
this imperative and have capitalized on assessments to achieve
substantially better performance gains across each of our
Best-in-Class indicators." Aberdeen Vice President and Group
Director Kevin Martin added that, "Our research has found that
structured and consistent use of assessments for pre-hire purposes
also lends to strong performance gains in post-hire performance-and
this is pronounced with the First Advantage clients represented in
our survey data." Aberdeen used year-over-year improvement across
three key performance indicators to determine Best-in-Class
performance, including: -- Quality of hire -- First Advantage: 27
percent -- Others: 14 percent -- Employee performance -- First
Advantage: 22 percent -- Others: 13 percent -- Employee
productivity -- First Advantage: 21 percent -- Others: 16 percent
According to the Aberdeen Group, Best-in-Class organizations are
also focused on: -- Consistency: 87 percent of First Advantage
clients have a process to consistently assess candidates for
targeted positions and incorporate scores into hiring decisions, as
compared to 56 percent of all others. -- Knowledge Management:
First Advantage clients are 83 percent more likely to integrate
assessment data with other talent management applications. They are
also 38 percent more likely than others to establish a baseline by
defining core competencies required for each job, which is a
critical recruiting component to ensure hiring managers identify
the gap that exists between a candidate's profile and the skill set
required to perform the job competently. -- Performance Management:
80 percent of First Advantage clients have clearly defined the
metrics to measure the impact of assessments, compared to just 47
percent of all others. Additionally, 70 percent of these companies
have a process in place to regularly review the impact of
assessments on key business metrics, as compared to only 38 percent
of their peers. "As companies continue to face an uncertain
economic environment, the microscope is focused on human resource
managers' abilities to reduce the cost, time and risk associated
with hiring," said Todd Mavis, executive vice president -
operations of First Advantage. "Organizations are in a position to
capitalize on the current expansion in the talent market and
strengthen their workforces by utilizing assessments that are
proven to improve the quality of hiring decisions and, according to
Aberdeen, achieve year-over-year improvements in all best-in-class
metrics." The report states that these best-in-class organizations
most commonly choose First Advantage for the ability to select
assessments to meet their specific needs, reduce cost of
recruitment and to leverage the seamless integration with existing
talent management software. The Aberdeen report also pointed out
that First Advantage's best-in-class clients use multiple
assessment types, with 77 percent of clients using behavior-based
assessments, 77 percent using skill-based assessments and 63
percent using cognitive ability/critical thinking assessments. To
view a full copy of the report, please visit
http://www.fadv.com/Aberdeen. For more information about First
Advantage, please visit: http://www.fadv.com/Employer About First
Advantage First Advantage's Employer Services segment provides a
comprehensive suite of global talent acquisition solutions
specifically designed to reduce the time, cost and risk associated
with candidate recruiting, applicant tracking, screening,
assessments and ongoing retention processes. First Advantage's
talent acquisition and applicant tracking systems provide a total
solution for managing the hiring process. Powering both salaried
and hourly hiring, First Advantage integrates all critical hiring
related services on a single platform. Built on flexible
technology, the system adapts and grows as needs change. First
Advantage Corporation (NASDAQ:FADV) provides innovative products
and services that mitigate risk by helping businesses, non-profit
organizations and government agencies make more informed decisions.
Headquartered in Poway, Calif., the company has employees in 12
countries that support over 90,000 clients globally. More
information about First Advantage is available at
http://www.fadv.com/. DATASOURCE: First Advantage Corporation
CONTACT: Paige Vesuvio, Vice President - Marketing, Employer
Services of First Advantage Corporation, +1-727-290-1000, ext.
2274, Web Site: http://www.fadv.com/
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