Numerous studies have identified a significant
correlation between using behavioral surveys and selecting employees
who have superior performance. In one of our recent studies, we did
behavioral surveys on the franchisees of a mid-sized franchisor, and
also did a job survey in which they identified the profile of what
they considered an ideal. The results were absolutely eye-opening.
Before having their franchisees do the survey, the franchisor divided
them into multiple groups based on the amount of royalties they generated.
The employer knew who the best franchisees were in terms of generating
royalties, but did not know why they were different.
When
we gave each franchisee behavioral surveys, we found a direct correlation
between the franchisees who were closest to the ideal profile of a franchisee,
and those who had the least ideal profiles. The results are summarized
in the table entitled, "Engagement Study of Leading Franchisor." The
franchisees with the closest profile to the ideal generated an average
of $52,000 of royalties annually, franchisees with what were considered "good" profiles
generated an average of $24,000, franchisees with just "fair" profiles
generated an average of $14,000, and franchisees with "wrong" personalities
generated an average of only $6,500. The franchisor is now surveying
new franchisee prospects to help determine their likelihood of success. |