Stock Exchange Using Soft-skills Screen

Feb 29, 2012
This article is part of a series called News & Trends.

The New York Stock Exchange will be using a new hiring tool from a company that’s launching today and is backed by a million dollars in angel funding. Charles Handler is among the advisors to the firm, called EmployInsight.

In short, here’s how it works.

A team of people — a couple managers, for example — who have a job opening quantify the soft skills needed to do the job. What they’re doing is building a profile of what they want, based on who the person will report to, where they’ll be located, what the job’s like, and more. “Resilience” and “grit” and “emotional intelligence” are examples of soft skills that’ll be measured in the profile.

Then, they have candidates answer questions which capture their soft skills. The two are compared. Employers receive a ranked list of who’s the best match (“match” being a word that ERE junkies may find familiar).

NYSE Euronext is rolling it out as a hiring tool, but EmployInsight also will have versions for such uses as team building, self-improvement, and performance reviews. The NYSE will likely use it as a “first-step” tool in screening to winnow down an initial pool. Other organizations perhaps will use it as a later step, such as after pre-screening and before an interview.

CEO Sean Glass became interested in the human resources field while pursuing a psychology master’s at the University of Pennsylvania. The company currently has nine employees.

This article is part of a series called News & Trends.
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