At the Moksha Institute, we are dedicated to applying both the art and science thriving – while at work.
In our society, work is often treated like an obligation, rather than as another expression of personal fulfillment. Our American work-ethic is certainly admirable, but many wear the pride of their service like a dutiful constraint to authentic soul realization (dharma). We believe that we need to rewrite the iconic coding of “Yes We Can!” which has left many with the belief system that work cannot be fun – it is, after all, “work,” right?
Pride can be found in “grinding it out” and working hard. But, we do not believe that this has to come at the price of the presence, the fulfillment of talents and desires, and the wellbeing of your people.
In this sense, we believe assessment is necessary for our collective wellbeing. There is a science of leadership and person-job fit. We know how to apply it to help your company select great leaders, identify high-potentials, or to hire those that fit your culture.
Assessment is also necessary for business results. Pre-employment testing and leadership assessments are some of the most powerful tools available for managing your Human capital – and often they are the least leveraged.
The U.S. Department of Labor currently estimates that the average cost of a bad hiring decision can equal 30% of the individual’s first-year potential earnings. That means a single bad hire with an annual income of $50,000 can equal a potential $15,000 loss for the employer.
Others say it could be even higher than that. According to a study by the Society for Human Resources Management (SHRM), it could cost up to five times a bad hire’s annual salary.
This loss is compounded by the impact of a bad hire on productivity and team morale. One subpar employee can throw an entire department into disarray.
The Harvard Business Review points out that as much as 80% of employee turnover is due to bad hiring decisions.
Even a small change in your success ratio with new can produce many thousands, even millions, in savings for your company with reduced training time, fewer errors, reduced turnover and a more productive workforce.