Too often, HR practitioners and talent management experts rely on intuition when it comes to identifying and developing key talent, even when armed with an overwhelming amount of data and objective tools that contradict their instincts. The problem is that the data they ignore is right in almost every case.
When these “experts” are wrong, it costs organizations all over the world billions of dollars each year in turnover and wasted development expenses. Unfortunately, all of that money could have been salvaged if organizations instead relied on data over intuition in their selection and development practices.
In a recent collaboration with National Business Review Radio and Spotify, Hogan CEO Dr. Tomas Chamorro-Premuzic spoke with Andrew Patterson to discuss his new book The Talent Delusion – Why Data, Not Intuition, Is the Key to Unlocking Human Potential. The book aims to education HR practitioners and leaders on how to measure, predict, and manage talent.
All organizations have problems, and they nearly always concern people. Psychology, the main science for understanding people, should be a pivotal tool for solving those problems.