Increase in Employee Retention Rates for Technology Company

CLIENT OVERVIEW:
Fortune 500 technology company | $24 billion revenue | 45,000 employees

Problem

New CEO called for a strategic initiative that would increase the attraction, retention, and development of top talent to compete in the war for talent. HR needed to align the Top Talent strategy with its talent acquisition processes, and increase the quality of candidates selected for leadership positions.

Why Pinsight

The organization chose Pinsight based on higher predictive validity and cost effectiveness compared to their previous assessment and selection methods. Pinsight provided broad insight into each candidate, and visibility in to recruitment trends and challenges in selection via Pinsight’s group comparison dashboards.

Outcome

The Pinsight assessment was a strong predictor of leaders’ ability to retain talent on their teams: High scorers were 6x more likely to retain their employees than low scorers. Hence, basing hiring and promotion decisions on the Pinsight assessment leads to increase in employee retention rates.