hire labs perspective: ceo evaluation
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Evaluate a CEO: The HireLabs Talent Assessment Tool-Kit -A CEO stands for the corporate board. How it operates, and what strategies the board develop? The whole image of what is the corporate board-room reflects through the CEO. Setting the tone for everything that the company eventually undertakes, a CEO’s decision will impact the business from all corners. Corporate strategic plans are mostly between a 3 to 5 years period. That’s a lifetime(in corporate life terms). A CEO’s evaluation should not wait for the end of that period. A regular CEO assessment will need to be conducted.The regular assessments will increase and improve the board by ensuring across-the-board accountability.This will form a unique partnership between the proverbial shepherd and the herd....HireLabs Perspective: A CEO's bear necessitiessaleem qureshi, talent assessment, vc, ceoNew data from ExecuNet Survey 2009 on C-class trends proves a distinct point – Executives do not spend enough time on the job to hit peak performance.This is made worse by the fact that executives spend half of a year actively searching for jobs.So the questions is not what competencies must executives possess to stay motivated – rather it is how well can executives understand the business....TRANSCRIPT
HireLabs| PerspectiveCEO EvaluationA HireLabs Inc. ResearchJuly 2009
Evaluate a CEO: The HireLabs Talent Assessment Tool-Kit
A CEO stands for the corporate board. How it operates, and what strategies the board develop? The whole image of what is the corporate board-room reflects through the CEO.
Setting the tone for everything that the company eventually undertakes, a CEO’s decision will impact the business from all corners. Corporate strategic plans are mostly between a 3 to 5 years period. That’s a lifetime (in corporate life terms). A CEO’s evaluation should not wait for the end of that period. A regular CEO assessment will need to be conducted.
The regular assessments will increase and improve the board by ensuring across-the-board accountability. This will form a unique partnership between the proverbial shepherd and the herd.
Hirelabs recommends having a fiscal dimension in the CEO assessment. As detailed here, the CEO must speak finance! The benefits are two-prong: the assessments will enable to identify core talent, as well as provide a critical opportunity to identify talent-gaps. Aiming to gain on the identified gaps, the assessment results will help the board to recommend development needs. This can only mean two things: A better equipped CEO, and a focused business strategy.
The CEO evaluation process will greatly benefit startups (young companies) that are looking to acquire their first CEOs. The CEO evaluation will comprise of global multiple personality dimensions (see here), as well as a comprehensive leadership focused grid assessment (see here for the model concept, and here for the client news).
A thorough understanding of an executive’s strengths and/or weakness can save or generate a sizeable amount of company capital. A CEO assessment will look at a number of factors that include past and current performance as well as personal interaction skills, appropriate industry knowledge and ability to adhere to corporate philosophy. It is an administrative tool that will help to strengthen the effectiveness of your corporate organization making it the best that it can be.
HireLabs | Perspective
Talent Series 2.0
Key Advantages of Competency-based Selection Improved objectivity, leading to truer talent retention/acquisition Consistency in ongoing hiring decisions Legal protection for the employer Improved consensus on hires across multiple stakeholders Comprehensive analysis of CEO strengths and weaknesses Personality profiling (30-Grid Cell leadership structure) Skill assessment and skill-gap identification
The Hirelabs Holistic Profile Assessment Instrument™ is based on the original Five Factor Model [Tupes, E. C., & Christal, R. E. (1961)]. It aims to exemplify the basic global personality traits of candidates, with consistent review of their performance correlated to scores elaborated in detail in the HireLabs Instrument Report™.
The Leadership Holistic Profile Assessment Instrument™ is based on the the 30-Grid Cell structure [David S. Weiss, Vince Molinaro, and Liane Davey, Wiley (October 8, 2007)]. This grid provides the basis for leaders to assess strengths in both the elements of holistic leadership and the capabilities. It can also highlight opportunities for more effective leadership, with consistent review of their performance correlated to scores elaborated in detail in the HireLabs Instrument Report™.
To get started on our Sense™ system, or to experience a live demo at your institution, please contact HireLabs Inc. on +1 (650) 492 5007 or +1 (650) 492 5088.
About HireLabs Inc.HireLabs is a talent assessment company that grew out of Stanford University. It has used it’s intellectual property. built over the last 9 years and built a highly scalable technology which is currently provided as a S.a.a.S solutions for workforce development.
No portion of this document may be produced in any form without the prior written approval/permission of HireLabs Inc.All products/services names, providers, and solutions mentioned herein may be the trademarks of their respective owners.
HireLabs | Perspective
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