"Research reveals that talent is one the most under-managed corporate assets of recent decades"
20|20 Assess is a suite of products and services aimed towards maximising your human capital ROI - AETHOS' flagship 20|20 SkillsTM assessment forms an integral part of this offering. It is a psychometric assessment and talent management tool specifically developed for the hospitality industry. It can be utilised throughout the employment cycle and measures ten core competencies that predict performance at all employment levels. It is available in nine languages and requires only 30 minutes to complete online.
The rational for conducting assessments? People too often are hired or promoted out of a subjective 'feel good' factor rather than via a process that evaluates a person's skills, knowledge areas and attitudes objectively. The business case for talent assessment is clear:
- Due diligence saves and makes money. The costs of failed hires are substantial according to recent studies. Even for the low-level positions a failed hire costs a company double the person's salary. At higher levels, the cost can be six times the salary.
- Job fit maximises profitability. "Engaged" employees show significantly greater productivity and morale. This is critical, since customer satisfaction and loyalty are related to employee satisfaction and engagement.
- Employee retention equals money retention. Employees stay with organisations that offer development opportunities which are especially meaningful to their career stability and advancement.
All this totals to a significant ROI. For instance, a popular study discovered that talent driven companies of the Fortune 500 experienced nearly 82% greater profit than their competitor.
To find out more, please click on '20I20 Skills' below.