The New Benchmarking

The Benchmarking and Fit Score features got an update with the launch of the New Packfinder™. The upgraded features are designed to enhance your hiring process by providing more reliable predictions for candidate suitability. This article explores these features in detail, explaining how they work and the benefits they offer.

What is Benchmarking?

Benchmarking is the process of creating a standard for comparison to evaluate candidates’ personality traits against role-specific requirements. In the New Packfinder™, Benchmarks are tailored to specific job roles, helping hiring professionals objectively assess candidates based on personality traits that predict success.

Key Components of Benchmarking

1. Customized Benchmarks for Any Role

• Benchmarks are created using either the job description or results from high-performing colleagues in the same role.

• Each Benchmark emphasizing the 5–7 key traits most relevant to the hiring context.

2. Importance Levels for Traits

• Traits in a Benchmark are assigned an importance level: Low, Medium, High, or Crucial.

• These levels influence the overall Fit Score, ensuring traits critical to success are prioritized in the calculation.

3. Percentile Rankings

• Candidates score based on how well they fit into the Benchmark for the job and are ranked in comparison to each other to highlight most likely fits first.

• Percentile rankings offer a clear understanding with a glance about how a candidate’s traits stack up against the key traits in the job.

4. Data-Driven Insights

• Benchmarks leverage occupational data from sources like O*NET and insights from colleagues’ assessment results.

• This ensures Benchmarks are both role-specific and reflective of real-world job demands.

What is the Fit Score?

The Fit Score is a single, concise metric that evaluates how well a candidate aligns with the traits defined in a Benchmark. It simplifies decision-making by summarizing a candidate’s suitability in a clear, numerical format.

How the Fit Score is Calculated

1. Trait Relevance and Weighting

• All traits included in the Benchmark are considered in the Fit Score calculation.

• Traits marked as High or Crucial importance have greater weight, emphasizing their significance in the overall score.

2. Consistency of Trait Measurement

1. All traits are measured on a uniform 0–10 scale, ensuring consistency and comparability.

2. Higher scores indicate stronger alignment with the desired traits.

3. Reliability Checks (will be introduced later)

• Built-in mechanisms, like impression score and response consistency checks, ensure the accuracy of results.

• This enhances confidence in the Fit Score’s validity.

4. Percentile-Based Comparison

• The Fit Score incorporates percentile rankings, enabling comparisons against the candidate pool.

• This helps identify standout candidates and assess whether to continue searching for better fits.

Benefits of Benchmarking and Fit Score

• Objective Evaluation: Reduces bias by focusing on measurable traits.

• Improved Hiring Accuracy: Identifies candidates more likely to succeed in the role.

• Streamlined Decision-Making: Provides a single, easy-to-interpret metric for assessing candidate fit.

• Customizable Insights: Adapts to specific job roles and organizational needs.

• Time saving: allows the employers to focus on more likely fits

• Better interviewing: helps to prepare for more efficient interviewing

Differences Between Old and New Benchmarking

How to Use These Features

1. Set Up a Benchmark:

• Set Up a Benchmark in a Pipeline from the Candidate Evaluation Tools box

  

• Use Workwolf Benchmarks to run an AI analysis on the job description and get a recommended Benchmark from our predefined list.

• Use Colleagues to generate a Benchmark based on top performer's data. IMPORTANT: mark underperformers too to get the most accurate Benchmark possible.

• Assign importance levels to each trait.

• Preview how your colleagues would score with this Benchmark. Ensure top performers score highest.

2. Evaluate Candidates:

• Review candidates’ scores against the Benchmark traits.

• Use the Fit Score for quick comparisons or deep-dive into specific traits as needed.

3. Refine the Process:

• Adjust Benchmarks based on hiring outcomes and team feedback.

• Continuously improve fit calculations for more precise hiring decisions.

Conclusion

The New Packfinder™ Benchmarking and Fit Score features are designed to simplify candidate evaluation and improve hiring outcomes. By leveraging tailored Benchmarks, consistent trait measurement, and reliable Fit Score calculations, hiring professionals gain the insights needed to build stronger, more effective teams.

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