Assessment-Related News and Insights from PsyMax
Welcome to the latest issue of PsyMax Solution's eNewsletter.
In This Issue:
- Product Alert: Reduce Turnover of Hourly Employees
- Research: CEOs More Creative, But Less Organized
- Interested in Becoming a PsyMax Distributor?
Product Alert
Reduce Turnover of Hourly Employees
Turnover is expensive. Industries such as retail, hotels and restaurants that employ a lot of hourly employees experience turnover rates from 60% to as high as 200% of payroll. But it doesn't have to be this way.
PsyMax has developed a quick, inexpensive measure of organizational fit for employees in hourly positions like cashiers, waiters, counter personnel and others whose jobs require basic skills.
The Hourly Assessment has been designed to benefit clients by:
- Identifying applicants who may be prone to accidents or theft,
- Reducing turnover and attendance problems,
- Identifying applicants with basic problem-solving, verbal, and math skills, and
- Assessing work styles such as interpersonal skills, customer service, sales, stress tolerance and loyalty.
Research
CEOs More Creative, But Less Organized
Creativity, which includes innovativeness and risk-taking, is the single work style behavior that most distinguishes today's presidents and chief executive officers, according to a study by PsyMax Solutions.
PsyMax analyzed the behavioral profiles of more than 240 presidents, CEOs and chief operating officers from its database of work style profiles of 11,000 executives, managers and staff-level employees.
CEOs diverge from 'normal' successful executives in various ways, creativity being the most important. CEOs also tend to score well above average in their ability to advocate and sell ideas and in tough-mindedness, their resilience in the face of criticism.
In one surprising respect, however, CEOs lag considerably behind the norm when it comes to organization. Company heads are decidedly less organized than their subordinates. While CEOs may excel at addressing issues in an innovative, resourceful and imaginative way, they probably need a lot of support from others on their team to execute what needs to be done.
Senior executives below C-level often have work styles that complement the CEO's. Unlike their CEO, managers at the next level may be more collaborative or orderly. The wise CEO would be sure to be surrounded by people with such essential work style behaviors and skills.
Work style assessment instruments are increasingly being used by organizations to make more informed hiring decisions and reduce employee turnover It's to the applicant's advantage as well as the employer's to get as good a fit as possible when filling a particular opening.
Interested in Becoming a PsyMax Distributor?
PsyMax Solutions is seeking strategic partners to distribute our range of online assessment tools that have application for pre and post hire as well as developing and coaching people.
Are you interested in:
- Growing your profit?
- Extending the solutions you can offer your client base?
- Expanding your client base?
- Developing a recurring revenue stream?
- Enhancing your portfolio of offerings?
- Representing the fastest growing business in this space?
- Differentiating from your competitors?
If you answered "yes" to any of these questions, then we could be the right partner for you.
Here are two ways you can learn more:
- Review additional information online http://www.psymaxsolutions.com/psymax-distributors/
- Call Richard Adams at 303 880 6834. A quick discussion will let us both know if a partnership would be mutually beneficial. Invest a minute of your time to explore the possibilities.
About PsyMax Solutions
PsyMax Solutions offers an on-line suite of assessments and reports for use in employee selection and development. Developed by psychologists who have conducted assessments and written reports thousands of time, the PsyMax Solution's product suite generates results equal in quality to those reports, but at a fraction of the cost and time.
The PsyMax Solution's product suite is ready for immediate use without time-consuming and expensive consulting and IT set-up costs. In minutes, you can create your own customized Human Capital website and use our integrated product suite to align your recruitment, selection and development processes.
To learn more about PsyMax Solutions, please visit us on the web at www.psymaxsolutions.com, e-mail us at info@psymaxsolutions.com, or call us at 866.774.2273.