Graduate screening and recruitment varies across organisations, but the ultimate purpose is to find the most talented individuals for your business. The goal is often to provide entry-level jobs and valuable experience to the graduates themselves. However, the business also needs to receive a return on investment in the form of performance and growth, with the eventual aim of retaining the most talented employees once the programme has ended.
Assessing graduates - current needs vs future requirements
In order to find the best talent for your business, you should move away from only assessing against current needs to perform in the immediate role. Rather, it's best to future-proof your graduate programme by assessing for future fit and performance. After all, selecting graduates who have the right talent to fill key strategic roles over time would provide the most cost savings and ROI.
Traditional graduate assessments include simulation exercises, cognitive ability and personality. These all look at the current picture to determine if the candidate meets the immediate selection requirements. However, do any of these results address the question of the candidate’s forward-looking potential over the next five years?
Learning Agility + graduate recruitment = future performance
Assessing Learning Agility allows you to select candidates who can easily adjust to future demands, even if these are not yet defined.
Learning Agility is all about the candidate’s future potential, in other words his or her ability to absorb new demands and grow within the business. It can be defined as the ability to develop new, effective behaviour based on new experiences. People with high Learning Agility can pick things up quickly in a variety of new situations; they have an attitude of self-awareness and interest in constantly exploring and learning new things. Candidates with high levels of Learning Agility will make the difference for those organisations with rapidly changing landscapes.
Exploring an example of Learning Agility in graduate selection
Two candidates are assessed against the current demands of the graduate programme.
Graduate 1 has higher scores on the competencies required to perform in the here and now (current potential), and has a slightly lower Learning Agility score of 4 (future potential). Graduate 2 scores slightly lower on the competencies expected now (current potential) and has a higher Learning Agility score of 7 (future potential).
The results initially seem obvious. Graduate 1 scores higher than Graduate 2, so Graduate 1 is likely the best choice for the programme. In most graduate recruitment, only current potential would have been assessed, and Graduate 1 would have been selected.
But current performance does not guarantee performance in the future, because the organisation is changing quickly. There are likely to be different job requirements, as well as different jobs and roles in the near future. And we all know that hiring and then retaining the most talented staff at the graduate level and up can have a huge impact on the organisation’s bottom line. With this in mind, the job requirements will not remain constant (see dotted line in figure 1), but will change over time.
Figure 2 shows how the different role expectations are likely to increase over time. Because Graduate 1 has a lower Learning Agility score, it will cost him more effort to meet these new requirements. Of course he will learn, but likely more slowly than Graduate 2, who has a higher Learning Agility score. In figure 2, there is a point in time where Graduate 2’s development surpasses Graduate 1, and the former becomes the better candidate for the future of the organisation.
Assessing Learning Agility in graduate programmes
The above figures clearly illustrate (albeit in an exaggerated fashion) the effect of current needs vs. future needs. These are both crucial to consider when designing a graduate assessment battery and hiring new employees. In this example, an organisation that is invested in future growth would be better off hiring Graduate 2.
While Graduate 1 may be more effective in the short-term, in the long term Graduate 2 will be much more useful, even in subsequent projects that might require different qualities and skills.
Why? Because of the higher Learning Agility score – showing that Graduate 2 is more able to be a flexible employee within a flexible, constantly changing organisation.
Streamlining your Graduate process, improving selection results and reducing the cost of the process is the ultimate business goal. HFMtalentindex can help you to accurately assess the Learning Agility of your graduates, while ensuring superior results, rapid implementation, instant results and big-picture analytics.