The Science Behind the Koru7™
Measuring Job Readiness Competencies that Matter
by Josh Jarrett, Co-founder and Chief Learning Officer, and Sarah Croft, Director of Instructional Design
Top employers receive 250 job applications for every opening1, yet 53% complain that they cannot find qualified applicants for entry-level roles.2 Even when a hire is made, 20-30% of the time it is considered a mistake.3 How is this possible? Could it be that all those applicants are not qualified? Or could it be that we have been looking at the wrong signals to search through the stacks of resumes?
At Koru, we set out to research this problem and use analytics to shed new light on potential solutions. In this paper, we show how the Koru7™ Job Readiness Competencies are better screening criteria for hiring and more predictive of career success. Combining these measures with data analytics and best practice hiring techniques is showing early evidence of decreasing time to hire and increasing the number of successful hires for companies.
To see the impact of the Koru7™ you can check out our Koru Predictive Hiring Report.
1 Sullivan, John. (2013, May 20). Why You Can’t Get a Job… Recruiting Explained By The Numbers. http://www.ere.net/2013/05/20/why-you-cant-get-a-job-recruiting-explained-by-the-numbers/
2 McKinsey & Company. Education to Employment: Designing a System that Works, 2013. http:// mckinseyonsociety.com/education-to-employment/report/
3 Based on interviews with Koru partner employers and other high-growth companies, with a particular emphasis on early-career hiring.