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- What is the True Cost of a Bad Hire | psinc-1
What is the true cost of a bad hire? Companies that succeed and attract the best talent know the importance of hiring the right candidate the first time. What sets certain companies apart from others when it comes to hiring? And what makes certain companies put much more time and effort into the hiring process? It starts with understanding the real cost of a bad hire. The cumulative effect of hiring the wrong candidate can be staggering. Not only can it be a financial burden, but it can affect many different levels of the business. For many business owners, the thing that keeps them up at night is the ability to hire and retain the right people. What Leads to a Bad Hire? Not investing enough time in the hiring process is a leading reason for hiring the wrong people. Who isn’t in a hurry these days? With time continuing to be the world’s most valuable commodity, people have more things to do than time to do those things. So what happens? We start to rush, become impatient, act reactively instead of proactively, and start making careless mistakes. Sometimes checking the box becomes the priority, and when that happens, the real problems begin. Companies that just “check the box” when it comes to hiring are likely going to have recurring problems until they realize the importance of putting the proper time, effort, and planning into hiring the right people. Sometimes a candidate might appear great on the resume and in the interview but turns out to be quite different once hired. Any number of factors can come into play, and the less that’s left to chance, the better. A few reasons employees may not live up to job requirements and company expectations include: They lack the necessary hard skills and soft skills to perform well They don’t have the proper resources required to do their job They aren’t motivated and the duties are not in their self-interests Companies that employ solid hiring practices are usually able to identify these potential obstacles upfront, ensuring that candidates that fall into one of these three categories are not brought through to the hiring phase. The Cost of a Bad Hire All sorts of stats exist on the true cost of making a bad hire. According to research from SHRM , employee replacement can cost a company between six and nine months of the departed employee’s salary. If this number is remotely accurate, the importance of hiring right the first time is not a luxury, it’s a necessity! Besides the quantifiable salary-related statistics, others costs pertaining to a bad hire are not always seen on a business's annual profit and loss report. In many ways, these effects are not entirely tangible. Bad hires affect companies financially, structurally, and motivationally. Think of the time spent sifting through resumes, interviewing potential hires, and training new team members. To understand the cost of a bad hire, businesses must think of the big picture. It costs time and money to find a decent candidate, bring them in for an interview, perform background checks, and onboard them. This process often pulls managers from daily duties, resulting in fewer hours remaining to accomplish other tasks. Once the candidate is on board, more managerial hours are spent training the employee on all the aspects associated with learning the job. Then there’s the trickle-down effect; a problem much bigger than the failure of a single employee. After spending money and resources to fast-track an employee, the employee starts to fail. The employee comes into work disengaged and unmotivated , pulling down other coworkers, diminishing overall company morale. If this employee is customer-facing and projects their negative attitude outward, the company runs the risk of losing loyal customers who decide to take their business elsewhere. At some point, the company realizes the employee is not a fit and decides to cut the cord. The entire selection process must start over again to re-fill the position. This could all have been avoided with stronger hiring practices. Want to better understand the cost of a bad hire? Conclusion The cost of a bad hire is higher than most people may realize and the repercussions can linger long after the employee leaves the company. Since hiring the right person the first time is the goal, how can a company improve its chances of successfully doing this? If more business owners, hiring managers, and talent professionals truly understood the cost of a bad hire, there’s no doubt that more time, effort, and resources would be used upfront to be sure the right person is hired for the right job. Using resources such as job benchmarks , assessments and the expertise of talent management professionals (such as consultants and executive business coaches) can be the difference between success and failure. Calculate the cost here>
- Thinking Strategically | psinc-1
Thinking Strategically "If your actions inspire others to dream more, learn more, do more, and become more, you are a leader ." - John Quincy Adams Thinking Strategically: Unlock Your Company’s Full Potential 2-Day Strategic Planning Workshop Unlock the power of strategic thinking to drive your organization toward success. Our 2-day facilitator-guided process will help you define your company's mission, vision, values, and purpose. Through this strategic journey, you'll identify strategic goals and initiatives; it will ensure that your entire team is aligned with a clear and compelling direction, and you will gain insight into your team members' behavior styles for enhanced collaboration. Why Choose Thinking Strategically? Crystal Clear Direction: Define your company's mission, vision, values, and purpose to steer every decision and action. Total Alignment: Ensure your team is united, moving in sync toward a common goal. Agile Strategy: Embrace change with a strategic mindset that combines focus and flexibility. Comprehensive Analysis: Conduct a thorough gap analysis to identify strengths, weaknesses, opportunities, and threats. Effective Communication: Understand the unique behavior styles of your team members to foster better collaboration. Strategic Prioritization: Establish strategic priorities, identify tactics, and assign specific tasks with clear timelines. Accountability: Clearly outline who is responsible for what and by when. What to Expect? Day 1: Define Your Foundation Mission, Vision, Values, and Purpose: Craft a strong foundation for your company. SWOT Analysis: Pinpoint strengths, weaknesses, opportunities, and threats. Behavior Style Insights: Understand your team members' behavior styles for improved communication and collaboration. Day 2: Strategic Planning Workshop Clear Goals: Set precise strategic goals. Tactics & Initiatives: Identify actionable steps and initiatives to achieve these goals. Task Assignment: Determine who is responsible for each task and set deadlines. Post-Workshop: Strategic Plan Development We'll compile the insights from the workshop into a formal strategic planning document. Stakeholder Review & Finalization The strategic planning document will be presented to stakeholders for their input and review. Any required changes will be incorporated, ensuring the strategic plan is aligned with the organization's vision. Our Expert Facilitator Orlyn Kostenuk, well-versed in strategic planning and a certified behavior analyst with a solid background in agriculture will be your facilitator. He’ll guide you through the process, enabling you to tap into your company's full potential and foster enhanced teamwork. Unlock Success Today Invest in the power of Thinking Strategically, understand your team members' behavior styles, and propel your company to new heights. With a clear mission, vision, and a well-defined strategic plan, you can navigate change, grow, and succeed with agility.
- Team Development | psinc-1
Team Development SEND "If everyone is moving forward together , then success takes care of itself" - He nry Ford WorkingSm@rt + Teams Effective teamwork, collaboration and communication At some point, every team feels a disconnect in collaboration and communication, but if it's a lot of the time, then you and your team n eed a road map to improve the process and get better results. Explore> WorkingSm@rt + Outlook Take control of your workload and competing priorities. Receive practical hands-on skills instruction to help you a bsorb proven techniques for a total time-m anagement solution. Integrate communications, tasks, activities, planning and apply the WorkingSm@rt® method using Microsoft Outlook. Explore> WorkingSm@rt + Meetings Get your meetings on time, on track, on purpose. Learn not only how to plan, organize and run a successful meeting but also how to get the most o ut of the meetings you are required to attend. Immediate benefits are: a 'business planning' approach to meetings, increased meeting effectiveness, saving time, improved meeting outcomes. Explore> WorkingSm@rt + OneNote Make collaborating with your team as easy as 1-2-3 The key to success lies in the ability for teams to work together without the constraint of being together. Whether the challenge is virtual, where geography is the issue or the reality of team schedules not lining up. Now it is possible to collaborate in a way that maximizes flexibility and minimizes the places you need to look to find key information or data. Explore> WorkingSm@rt+Project MS Manage the complexities of multiple projects more efficiently and effectively Carry out multiple project execution plans developed through the Project Planning Breakthroughs method accurately and effectively with MS Project using common resource pools and external dependencies, along with detailed reporting and updating. Produce standard and customized reports, and develop a process for tracking and updating project plans. Explore> Project Planning Breakthroughs A proven process that can be immediately understood and implemented by your whole team Regardless of the diversity among people, locations, departments, or disciplines involved, this program provides a streamlined overview of the basics, while focusing on a vastly improved methodology to meet the rigorous challenges of developing a project execution plan. Explore> Selling Breakthroughs Keep your customers satisfied to create lasting relationships The secret to making a successful sale is knowing what, why, how and when your audience wants to buy. Learn the processes and stages of both buyer and seller simultaneously to understand how to apply sales skills and behaviors that accurately match the buyer's state and motivations. Understand how to use your expertise confidently to positively influence outcomes and meet both the buyer's and your own requirements. A sale isn't over until your client knows that the solution to their business problem is you and your product or service. Explore> Customer Service Breakthroughs Increase customer satisfaction to create long-term fans and advocates Learn how to effectively meet customer service objectives, exceed customer expectations, and achieve high levels of customer satisfaction. Since each and every contact with a customer is a "moment of truth" for your company, understand your pivotal role in achieving your organization's financial and marketing objectives. Master the skills to treat customers on the basis of their "lifetime value", strengthening relationships and meeting and exceeding standards and expectations. Enable two-way communication to avoid misunderstandings, minimize problems, and collaboratively work out mutually-beneficial solutions. Explore> Telephone Sales Telephone Sales Training Significantly contributes to your company's Customer Relationship Management (CRM) process Learn how to make outbound sales calls more effective while building strong customer relationships for your company. Ensu re that inside sales people at your small- or medium-size business proactively plan, manage, and implement phone-sales campaigns that generate revenue and a create lasting, positive impression on your customers. Gain the skills to confidently demonstrate your product and service knowledge, enabling you to sell on value versus price. Learn how to proactively service your customer base, complete transactions that satisfy both your customer and your company, and handle resistance with aplomb, while nurturing relationships for repeat business. Explore> Key Account Management Create significant and interdependent supplier-customer partnerships Gain an in-depth understanding of the complexities of servicing "key account" customers. Learn strategic and tactical skills and processes to effectively identify and anticipate their requirements. Become skilled at strategically managing key accounts, gaining supporters for your initiatives and influencing decision-makers, and ultimately evolving a customer/supplier relationships into a preferred sales or partnerships. Explore> Territory Management & Prospecting Become an indispensable intermediary between your company and customers Achieve optimal results from a portfolio of customers. Learn proven processes and skills to analyze, classify, and allocate appropriate time and resources to help you plan call cycles, account development and prospecting activities. In addition, gain in-depth knowledge in account management, planning, profiling, territory analysis, prospecting and influencing. Maximize customer relationships by taking personal responsibility for territory planning and activities. Increase selling opportunities by scheduling prospecting tasks, call frequency and call objectives. Explore> Telephone Response Master this vital link between customer satisfaction and sales. Prepare yourself with the right response using a proven process that assures customer satisfaction and a positive outcome. Learn to strengthen customer relationships by creating a plan for effectively handling every call, whether a request for information, a question, or a complaint. Gain skills that enable you to answer and respond with confidence, and capitalize on opportunities to up-sell and cross-sell. And learn how to gather valuable feedback and collect market intelligence to enable you to anticipate customer needs and exceed expectations. Explore>
- 2405 - 3 Secrets of Resilient People | psinc-1
May 2 May 2024 Learning Link May 2024 Learning Link 3 Secrets of resilient people
- MS Outlook 4 Projects | psinc-1
MS Outlook 4 Projects
- Time Management | psinc-1
Time Management Working Sm@rt + Outlook Take control of your workload and competing priorities. Receive practical hands-on skills instruction to hel p you a bsorb proven techniques for a total time-m anagement solution. Integrate communications, tasks, activities, planning and apply the WorkingSm@rt® method using Microsoft Outlook. Explore> Working Sm@rt in the 21st Century Take control of your workload and competing priorities Learn to make effective choices when faced with increasing demands and responsibilities. Select the right tasks, at the right time, every time. Identify and focus on the goals and objectives that make the difference and learn to manage your activities for maximum results, acquiring the tools you need to make things happen Explore> Working Sm@rt + OneNote Make collaborating with your team as easy as 1-2-3 The key to success lies in the ability for teams to work together without the constraint of being together. Whether the challenge is virtual, where geography is the issue or the reality of team schedules not lining up. Now it is possible to collaborate in a way that maximizes flexibility and minimizes the places you need to look to find key information or data. Explore> Working Sm@rt Enhanced A program to optimize your workload management effectiveness. The Working Smart – ENHANCED program is a stage 2 workload management process developed for those who have already adopted the foundation time management processes and have enjoyed significant success in utilizing organizational tools to drive effective performance behaviors. This program is intended to take participants to another level of performance, building off of their current effectiveness platform. Explore> WorkingSm@rt as a Remote Leader Remote leadership essentials: keeping them engaged collaborative & productive Steps to contain the current world events may require many employees who normally work from an office to now work from home. This presents challenges to stay connected, engaged and productive. These challenges are magnified for people leading remote teams since they can no longer rely on many of their proven face-to-face leadership techniques. Explore> WorkingSm@rt in a Hybrid World Build the skills and mindsets to excel in a Hybrid World Organizations and workers were thrust into a transformational change that left both work and home environments in a state of chaos. The need to understand the impact of the shift from the traditional workplace to a hybrid world provides you with the opportunity to realign and navigate how we work. Traditional work/life balance strategies will need to shift to a more integrated lifestyle to support the hybrid working model. Explore>
- Customer Service | psinc-1
Customer Service Customer Service Breakthroughs Increase customer satisfaction to create long-term fans and advocates Learn how to effectively meet customer service objectives, exceed customer expectations, and achieve high levels of customer satisfaction. Since each and every contact with a customer is a "moment of truth" for your company, understand your pivotal role in achieving your organization's financial and marketing objectives. Master the skills to treat customers on the basis of their "lifetime value", strengthening relationships and meeting and exceeding standards and expectations. Enable two-way communication to avoid misunderstandings, minimize problems, and collaboratively work out mutually-beneficial solutions. Explore> Telephone Response Master this vital link between customer satisfaction and sales. Prepare yourself with the right response using a proven process that assures customer satisfaction and a positive outcome. Learn to strengthen customer relationships by creating a plan for effectively handling every call, whether a request for information, a question, or a complaint. Gain skills that enable you to answer and respond with confidence, and capitalize on opportunities to up-sell and cross-sell. And learn how to gather valuable feedback and collect market intelligence to enable you to anticipate customer needs and exceed expectations. Explore> Selling Breakthroughs Keep your customers satisfied to create lasting relationships The secret to making a successful sale is knowing what, why, how and when your audience wants to buy. Learn the processes and stages of both buyer and seller simultaneously to understand how to apply sales skills and behaviors that accurately match the buyer's state and motivations. Understand how to use your expertise confidently to positively influence outcomes and meet both the buyer's and your own requirements. A sale isn't over until your client knows that the solution to their business problem is you and your product or service. Explore>
- Project Fundamentals | psinc-1
MS Project Fundamentals
- 2404 Video - Cost of work place stress | psinc-1
April 2023 - The cost of work place stress - and how to reduce it
- Priority Influencing | psinc-1
Priority Influencing
- Our Learning Partners | psinc-1
Our Learning Partners Our partnerships with leading international providers of training services and products allows us to deliver world-class learning opportunities to your organization. We tailor our training programs to meet the need of your organization. We deliver comprehensive packages of training courses with your long term vision in mind. We uncover your goals, and then help you achieve them. Through our national and international affiliations, we deliver the power of world's best training services and products. Performance Strategies delivers learning solutions in partnership with several supplier organizations, including: We understand how successful people work Priority has been working with the world's most successful compa nies and individuals for 40 years, allowing us to develop a deep understanding of what works. Our programs benefit from our best practice business process, proven to deliver results, and simple enough to implement at every level of your organization. Anyone can enjoy the benefits of more time and reduced stress. Solve Your Organization’s People Problems TTI Success Insights assessments create cohesion in the workplace, make performance management, employee evaluation, and employee development easy. Our research-backed, award-winning behavioral assessments for employees and leaders will bring the team insights your organization needs to thrive.


