plus 1, SHL Group Partners With Matchpoint Careers, Which Is Pioneering Online, Psychometric-Based Job-Person ... - Yahoo Finance

SHL Group Partners With Matchpoint Careers, Which Is Pioneering Online, Psychometric-Based Job-Person ... - Yahoo Finance

Posted: 18 Jan 2011 06:57 AM PST

Press Release Source: Matchpoint Careers On Tuesday January 18, 2011, 9:56 am

NEW YORK, NY--(Marketwire - 01/18/11) - SHL Group Limited, provider of talent assessment tools and solutions to employers around the world, and Matchpoint Careers, Inc., developer of an online solution for scientific recruiting and job-person matching, have entered a partnership in which SHL's candidate assessment and job profiling tools will help power the Matchpoint Careers site, www.matchpointcareers.com.

Said Paul Basile, Founder and CEO of Matchpoint Careers, "Recruiting today is stunningly inefficient. Most new hires fail to achieve good or very good ratings six months after being hired, and more than half leave the job within 18 months. This failure usually has nothing to do with the person's deficits in skill or capability; it's almost always because the new hire doesn't 'fit' the organization. Yet most recruiting approaches concentrate on skills and experience. Matchpoint Careers confronts this disconnect head-on.

"We can do this because of the proven, validated psychometric assessments and profiling products of SHL. Our partnership agreement with SHL represents a vote of confidence in our young venture, coming from a company widely acknowledged as the world leader in scientific, high-quality psychometrics."

Chris Clarke, Vice President of Alliances at SHL, said, "We are very pleased to be involved with Matchpoint and serve it via our intellectual property and products. We see a great deal of potential for optimizing today's flawed recruitment practices. This partnership underscores our continuing commitment to bringing our insights and expertise to benefit organizations in their acquisition and management of talent."

Matchpoint Careers seeks to reinvent recruitment by replacing today's skills- and experience-centric methods with concentration on the proven predictors of job performance: primarily competencies (how one does the job) and preferences (motivation to do the job), and secondarily capabilities (technical expertise).

Matchpoint Careers aligns these proven predictors of job performance -- already known in detail for virtually every job that exists -- with scientifically assessed features of candidates to produce the best possible job-person match. Candidates complete validated assessments and questionnaires on the Matchpoint Careers site that are designed to reveal the candidate's true job-relevant competencies, preferences and capabilities. Matchpoint Careers provides employers with a shortlist of highly qualified, well-matched candidates, and it notifies jobseekers when they are placed on a shortlist for a job.

About Matchpoint Careers

Matchpoint Careers (www.matchpointcareers.com) is a new, online venture that matches people and jobs using psychometrics, job profiling and social networking features to create the best possible job-person match: always based on the proven predictors of performance for that job.

For employers, Matchpoint Careers provides a shortlist of highly qualified candidates, with deep insight into each candidate's competencies, preferences and capabilities, showing why that person is a terrific match for the job. For jobseekers, Matchpoint Careers provides immediate self-knowledge and eliminates the frustration inherent in searching through myriads of job listings.

About SHL Group

SHL Group Limited (www.shl.com) provides workplace talent assessment solutions including ability and personality tests and psychometric assessments in more than 50 countries and in 30 languages. SHL serves up to 10,000 organizations globally and delivers over five million online assessments each year.

Founded in 1977, SHL has become the leading provider of psychometric solutions for organizations worldwide. SHL solutions are backed by years of scientific research, extensive trials and robust validation studies. SHL has more than 200 in-house occupational psychologists.

The leading position of SHL worldwide is evidenced in their customer list. As examples, 90% of the Forbes World's Biggest Companies in 2008 were SHL customers; as were all of the Forbes ten most productive organizations; and more than 60% of the Fortune Global 500.

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Obama wants to shed rules that hurt job growth - Yahoo Finance

Posted: 18 Jan 2011 06:14 AM PST

Julie Pace, Associated Press, On Tuesday January 18, 2011, 9:33 am

WASHINGTON (AP) -- Taking another step toward mending his relationship with the business community, President Barack Obama will order a review of federal regulations with an eye toward getting rid of those that stifle job creation and hurt economic growth

The president planned to sign an executive order Tuesday telling federal agencies to look for rules that place an unreasonable burden on businesses.

In an opinion column Tuesday in The Wall Street Journal, the president also said he wants his administration to strike a balance between protecting the public and promoting economic growth.

The move comes as the Obama administration works to repair its relationship with corporate America, which has been reluctant to make investments and hire more people, in part because of uncertainty over government regulations and tax policies. Following his party's sweeping defeats in November's midterm elections, Obama acknowledged that he needed to better manage his relationship with the private sector.

Since then, the White House has steadily courted support from the business community: Obama held a five-hour meeting with CEOs in December; he named William Daley, a business executive, as his new chief of staff; and next month, he'll speak at the Chamber of Commerce, a trade group that has battled his top policy initiatives on health care and financial regulation.

Officials at the Chamber said Tuesday they were studying Obama's new regulatory review.

The review, Obama wrote, tells agencies to look for outdated regulations that make the U.S. economy less competitive.

"It's a review that will help bring order to regulations that have become a patchwork of overlapping rules, the result of tinkering by administrations and legislators of both parties and the influence of special interests in Washington over decades," Obama wrote.

Federal agencies also won't shy away from addressing gaps in regulations, such as new safety rules for infant formula and procedures that stop preventable infections from spreading in hospitals, Obama wrote.

"We are also making it our mission to root out regulations that conflict, that are not worth the cost, or that are just plain dumb," the president wrote.

Other regulations, such as the Clean Air Act or child labor laws, are necessary to prevent abuse, he wrote, and "strengthen our country without unduly interfering with the pursuit of progress and the growth of our economy," he wrote.

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