“Internal hires typically outperform external hires by 20%!”
But that’s not all—hiring internally is also far more cost-effective. So, when it comes to filling a role, the smartest move an organization can make is to look inward. The key however, lies in approaching this scientifically to get it right.
First American India (an American financial services company), partnered with Jombay to assess potential team members, who were being considered for moving into a Lead role.
Here's what we did:
> Focused on themes relevant to the organization & role - We crafted the Development Center to reflect the key behaviors required for success as Process Leads at First American India. This included competencies like Managing Self, Managing People, Managing Performance and Managing Business.
> Integrated Assessment Experience - Participants were evaluated through personality, behavioral, and cognitive lenses, providing a comprehensive perspective on their critical thinking, leadership approach, and overall potential.
> Informed Decision Making - Detailed individual reports, competency-based scores, and exercise summaries provided actionable insights, identifying development areas for the participants and their readiness for the next level.
The Result?
First American India gained a clear view of their applicants' potential, enabling confident and well-informed internal hiring decisions.
If you too are looking for partners in running a Development Center for your team, feel free to reach out for a quick chat:)