Talent Suite
Discover Hidden Potential with Talent Assessment Solutions
Korn Ferry’s talent assessment solutions deliver data-driven insights to enhance your talent strategy and drive organizational success.
Data-Driven Insights Enhance Employee Development, Performance, and Retention
Agility and adaptability are crucial for business survival. That means having the right talent in the right roles is more critical than ever.
Organizations that thrive in today’s tumultuous environment understand the value of making informed, strategic workforce decisions. This is where data-driven insights from talent assessment solutions come into play. Assessments provide crucial data that organizations need to align their talent with their strategic goals, so they can thrive in a competitive market.
How Talent Assessment Solutions Are Shaping the Future
Traditional approaches to leadership and talent management are increasingly seen as inadequate to address today’s unprecedented challenges and opportunities.
There’s a growing recognition that a new approach is needed—one that leverages data and analytics to make smarter, more strategic talent decisions. Leaders are worried about today’s talent. In fact, 67% of investors believe that traditional leadership is unfit for the future.
Incorporating talent assessment solutions into your talent strategy can address this fit problem. Our research shows that integrating skills assessments into talent acquisition strategies improves the quality of hires by 78%. By identifying the skills and attributes that are most critical for success in specific roles, assessments help you bring in the right people to drive your strategic objectives.
Another compelling benefit of incorporating assessments into your talent strategy is their impact on turnover rates. Companies that use assessments in their hiring process see a 60% reduction in employee turnover. Assessments give you data-driven insights into your employees’ strengths, weaknesses, and potential, leading to better job fit and greater job satisfaction.
All of these reasons likely explain the 85% growth in assessment volume over the last four years. This surge indicates that more and more organizations are recognizing the value of data-driven insights in making strategic talent decisions.
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Key Statistics
- 67% of investors believe that traditional leadership is unfit for the future.
- 78% improvement in quality of hires when skills assessments are integrated into talent acquisition strategies.
- 60% reduction in turnover rates for companies using assessments in their hiring process.
- 85% growth in assessment volume over the last four years, indicating increased reliance on assessments for strategic talent decisions.
How Data-Driven Insights Transform Talent Strategies
Assessments aren’t just about filling positions—they help identify and nurture the talent that will drive your organization forward. Here are some ways that data-driven insights can transform your talent strategy:
- Identifying high-potential employees: Assessments are a proactive way to build a strong pipeline of future leaders, ensuring that you’re ready for what’s now and next.
- Improving employee retention: Recognizing employees’ strengths and opportunities builds an environment where employees feel valued and supported. In turn, employees feel more satisfied with their work and are less likely to jump to a new employer.
- Enhancing employee development: Using assessment results to develop personalized development plans ensures that employees grow in their current roles and are prepared for future opportunities.
The proof is in the results. Organizations that consistently use Korn Ferry assessments have seen a 25% improvement in overall talent performance. Our results show that data-driven insights can lead to tangible improvements in organizational performance.
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Clear Learnings
How Data-Driven Insights Transform Talent Strategies
IDENTIFY HIGH-POTENTIAL EMPLOYEES
Assessments help pinpoint individuals with the potential to excel in leadership roles, ensuring a strong pipeline of future leaders.
ENHANCE EMPLOYEE DEVELOPMENT
Tailored development plans based on assessment results lead to more effective and targeted employee growth.
IMPROVE RETENTION RATES
Understanding employee strengths and areas for development leads to higher job satisfaction and lower turnover.
PROOF POINT
Consistent use of Korn Ferry assessments can improve overall talent performance by 25%.
Assessments Are the Cornerstone of a Holistic Talent Strategy
A comprehensive talent strategy is essential to unlocking your workforce’s potential. This means identifying the right talent and developing and nurturing that talent to ensure long-term success.
Our assessments help you address three pressing talent needs:
- Defining what “good” looks like: When you know what success looks like in a role, you can close talent gaps. You can also make smart decisions about where to invest in employee development.
- Assessing your current workforce: Comparing your current employees’ performance, potential, readiness, and fit against your benchmarks identifies gaps between the talent you have and the talent you need. Then you can target the right steps to close the gaps.
- Targeting talent development: With a clear understanding of your talent needs and current capabilities, you can tailor development programs to bridge any gaps. And you can ensure employees have the skills to meet your current expectations and are prepared for future challenges.
Our solutions are designed to unlock employee potential at scale. That means the impact of your talent strategy will be felt across your entire organization.
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A Holistic Approach
Comprehensive, Data-Driven Insights
DEFINE TALENT NEEDS
Start by benchmarking what good looks like, making it easier to close talent gaps and removing the guesswork from talent investments.
ASSESS CURRENT TALENT
Evaluate the performance, potential, readiness, and fit of your current employees against benchmarks to identify and close gaps between the talent you have and the talent you need.
TARGETED DEVELOPMENT
Bridge capability gaps through tailored development programs.
SCALABLE SOLUTIONS
Unlock potential at scale, ensuring widespread impact across the workforce.
Tap Into the Full Potential of Your Workforce
In a world where the pace of change is accelerating, the ability to make informed, strategic workforce decisions is more important than ever. With Korn Ferry’s comprehensive talent assessment solutions, you can transform your talent strategy, improve organizational performance, and prepare your workforce for whatever the future holds.
Our talent assessment solutions provide the data-driven insights you need to make smarter talent decisions. With assessments in hand, you can strengthen your workforce, which, in turn, will propel your organization forward. Integrating our assessments into your talent strategy, you can ensure that you have the right people in the right roles, ready to meet the challenges of today and tomorrow.
Ready to take your talent strategy to the next level? Learn more about Korn Ferry’s talent assessment solutions and start transforming your workforce today. Download the Korn Ferry Assess brochure now.
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