First of Its Kind Study Reveals Experiential-Based Selection Techniques Improve Recruiting Outcomes

ARLINGTON, Va., Oct 02, 2008 (BUSINESS WIRE) -- Organizations or their new hires regret their hiring decisions 50% of
the time, costing the average organization millions in the way of lower
performance, less engaged new hires, and higher turnover. The Recruiting
Roundtable, a division of the Corporate Executive Board (NASDAQ: EXBD)
publishes the first study of its kind in quantifying the negative
impacts of poor selection decisions in hiring employees. The study
details several contributing factors, including that 40% of new hires
report the information they received about the job when they were
applying was less than accurate. Overall, only half the time will
organizations and new hires achieve a win-win outcome where both agree
that they made the right decision.

"Given the high cost of early career turnover,
organizations cannot afford to make the wrong hiring decisions,"
says Senior Director Donna L. Weiss. To save millions, the Roundtable
aims to help organizations reach that win-win outcome closer to 100% of
the time. After analyzing data from more than 8,500 hiring managers and
19,000 of their most recent hires, the Roundtable identified three
important reasons organization fail to consistently hire high quality
candidates: (1) they over-rely on candidates describing themselves
rather than having them demonstrate what they can do, (2) they don't
follow a consistent, evidence-based selection decision process and (3)
they fail to provide the candidate with enough information and 'experience'
about what the job is really like.

Based on detailed quantitative analysis and over 100 interviews, the
Roundtable has identified 10 key strategies that organizations can
deploy to improve their selection processes. One recommended approach is
to move beyond the traditional selection process to include an
experiential component to the process. Weiss adds, "By
providing candidates with an experience that is either 'on-the-job'
or that is key to job success, organizations can better observe a
candidate's capabilities and a candidate can
get a better sense of what the job is really like. This is one way to
drive to more win-win outcomes."

This study is one of many published by the Recruiting Roundtable to
serve as a source of innovative ideas and answers to many of the
immediate business problems that organizations face. The Roundtable
comprises experts providing best practice solutions with research and
tactics to optimize process implementation and save organizations
millions of dollars.

About the Recruiting Roundtable

The Recruiting Roundtable provides research, training, and tools to help
recruiting executives and their teams make decisions that achieve the
highest return on their investments. Roundtable services address key
recruiting challenges in areas such as recruiting strategy, sourcing,
candidate assessment, diversity management, employment branding,
onboarding, outsourcing, metrics, workforce planning, among others.
Additional information on the Recruiting Roundtable can be found at: www.rr.executiveboard.com.

About the Corporate Executive Board

The Corporate Executive Board (NASDAQ: EXBD) provides analysis and
authoritative guidance to the world's most successful organizations.
With a member network of over 80% of the Fortune 500, the Corporate
Executive Board delivers indispensable resources for timely
decision-making on all issues related to strategy, operations and
general management. For more information, visit www.exbd.com.

SOURCE: Corporate Executive Board

Corporate Executive Board 
Joni Renick, 571-303-4074 
jrenick@executiveboard.com

Copyright Business Wire 2008