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Korn Ferry Launches New Big Data Talent Analytics Engine to Help Organizations Select Top Leaders and Assess Overall Talent Performance
|By Business Wire
|June 23, 2014 02:30 PM EDT
Korn Ferry (NYSE:KFY), a single source of leadership and talent
consulting services, today announced the launch of Korn Ferry’s Four
Dimensions of Leadership & Talent (KF4D). KF4D, which will serve as the
firm’s new talent intelligence “engine,” helps companies to identify top
talent for their organizations, assess performance and developmental
gaps of their leaders, measure the effectiveness of their global talent
workforce overall – and even compare their level of talent to their
Underpinning KF4D is Korn Ferry’s incomparable talent intelligence,
which includes more than 2.5 million assessments (heavily weighted by
the very top executive levels) and profiles of 8.5 million candidates.
This information is believed to comprise the largest senior
executive-assessed database in the world.
Leveraging this unprecedented amount of talent-focused Big Data, Korn
Ferry’s team of social scientists developed this framework around the
four crucial areas that matter most for individual and organizational
success – competencies, experiences, traits and drivers.
Competencies — the skills and behaviors required for success
that can be observed.
Experiences — assignments or roles that prepare a person for
Traits — inclinations, aptitudes and natural tendencies,
including personality and intellectual capacity.
Drivers — values and interests that influence a person’s career
path, motivation, and engagement.
Research shows these four areas to be highly predictive of performance
differences, and correlated with all key talent variables: engagement,
retention, productivity, leadership effectiveness, and leadership
By focusing on these four areas and utilizing KF4D to analyze their
workforce, organizations will have a much more intelligent,
sophisticated and real-time understanding of their overall global
workforce performance and potential – including talent strengths and
gaps, areas to develop overall – and even how they stack up against
“In today’s slow growth, fast change environment the issues are vastly
complex. An organization’s ability to identify, measure and project the
effectiveness of their talent is critical,” said Gary
D. Burnison, CEO, Korn Ferry. “With the launch of Korn Ferry’s Four
Dimensions of Leadership and Talent we are taking a giant step forward
in helping our clients assess the performance and potential of their
current and future leaders.”
KF4D was born from the best intellectual property and databases of four
industry titans – PDI
Ninth House, Lominger,
Novations and Decision Dynamics. The state-of-the-art platform,
which harnesses Korn Ferry talent intelligence spanning every industry
and job function, with a heavy population of C-suite, Board Director and
senior leadership roles – will provide global organizations with robust
diagnostics at both the individual and enterprise levels.
The firm will deploy KF4D as the engine for its executive search and
professional recruiting processes, leadership development and consulting
and recruitment process outsourcing engagements, as well as internal
hiring and leadership development efforts.
“Korn Ferry’s Four Dimensions of Leadership and Talent targets what
matters most for each role and each business. It takes the talent
conversation well beyond the resume and past experiences to focus on
real differentiators for performance. That means a better fit for hires,
and a smarter approach to the development of people to drive a company’s
ongoing success,” said Stu
Crandell, Senior Vice President, Global Offerings, Korn Ferry Institute.
Accompanying the launch, the Korn Ferry Institute issued a white paper, “Precision
Talent Intelligence: The Four Dimensions of Leadership and Talent,”
which examines and explores how human performance in the workplace
is governed by competencies, experiences, traits,
and drivers. Thought leadership and other KF4D background can be
found at http://www.kornferry.com/kf4d.
About Korn Ferry
At Korn Ferry, we design, build, attract and ignite talent. Since our
inception, clients have trusted us to help recruit world-class
leadership. Today, we are a single source for leadership and talent
consulting services to empower businesses and leaders to reach their
goals. Our solutions range from executive recruitment and leadership
development programs, to enterprise learning, succession planning and
recruitment process outsourcing (RPO). Visit http://www.kornferry.com
for more information on Korn Ferry, and http://www.kornferryinstitute.com
for thought leadership, intellectual property and research.
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