in an era of digital disruption, characterized by the rise of digital
technology, the emergence of new competitors, reshaping of traditional industry
rules and boundaries, which brings with it an accelerating pace of change and
increasing complexity. For organizations, future success and business
sustainability rely on the ability to adapt to these changes. To succeed
in this new economy, organizations are having to build the capacity for fast
innovation underpinned by:
Hogan was honored to host
a special event on May 21 featuring Stanford University Professor Michal
Kosinski, a world-renowned data scientist and psychologist.
Remember Cambridge Analytica? You know, the political consulting
firm that mined personal data from Facebook users without their consent to
influence the 2016 Presidential Election? Well, Kosinski was the data scientist
who first demonstrated one’s Facebook “likes” can predict their personality
better than friends or family.
Kosinski had been warning the public of the risks and
challenges brought by the digital revolution long before Cambridge Analytica’s
inception, and he turned down an opportunity to work with the organization
because of the legal and ethical implications that were inevitably to follow.
Since then, his research has been brought to the forefront, including a cover
story for The Economist, an interview with Fareed Zakaria to discuss the role
of big data in the 2016 election, and he authored an op-ed in the New York
Times about how Facebook sells data despite its claims.
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Have you ever taken a Buzzfeed quiz to tell you what Harry
Potter house you’re in? Or maybe what character from The Office you are most
like? How much weight do you put on the results of those quizzes? Would you
want companies making hiring decisions based on similar assessments?
In March, Hogan Senior Research Consultant Karen Fuhrmeister
gave a TEDx Talk at the University of Tulsa on “The Science Behind Hiring
Assessments: It’s Not a Waste of Time.” The talk aimed to inform students and
other attendees about the use of personality assessments in the workplace, and
how this trend isn’t going away any time soon. In fact, it’s becoming more and
more likely that those going through the interviews will be asked to take one
of these assessments.
In the final analysis, business is
about money and people. By definition, successful private equity firms understand
finance, but on average they tend to be less sophisticated about people issues.
This makes sense: deal partners and analysts are trained in finance and are good
at spotting undervalued assets. But savvy private equity players also
understand that reviving an underperforming business depends to a large degree
on people issues—in particular, it depends on the leadership of the portfolio
company and its working relationship with new ownership.
Considerable evidence suggests
that PE firms could do a better job evaluating the ability of the leadership
team in their acquired companies. A 1\ Omni Pet Leather Bredhers 23-Inch Bravo Collars, Large, Camo found that nearly three-quarters of portfolio
company CEOs are removed during the investment life cycle. Over half are
replaced in the first two years; but only 15% are replaced at the outset. These
data suggest that, for 4 out of the 5 replaced CEOs, the decision takes too
long, thereby delaying strategic milestones and prolonging the hold time.
The Hogan team recently hosted Dr. Adrian Furnham at its
global headquarters in Tulsa for a special visit. As one of leading personality
psychologists in the world, Furnham has a been a vocal advocate of using Hogan
for decades. He regularly points to Hogan in media interviews and articles as
the most accurate predictor of workplace performance in the world, and he also
was a key figure in the 2014 documentary, The Science of Personality.
As part of his visit, Dr. Furnham delivered a special presentation to the Hogan team highlighting the research he’s been doing. Here’s the full-length version of his talk:
Cybersecurity threats are on the rise. With the rapid increase of security breaches, company hacks and data leaks, cybercrime has become one of the most significant threats to global business. Skilled cybersecurity professionals are key for the safety of companies and governments, but there is an anticipated skills shortage of Black Small Black Small Mirage Pet Products 10-Inch Christmas Tree Rhinestone Print Shirt for Pets, Small, Black. The demand for talent in this space is at an all-time high, and there are some unique personality traits that recruiters and companies need to look out for.
At Hogan, we have helped some of the world’s top IT and cybersecurity firms recruit the right individuals. Our science-based assessments and 30 years of validated research found that there are eight personality characteristics best suited to a successful career in cybersecurity.
The theme of the event is “New Leadership? Authentic in
Turbulent Times,” and aims to provide an opportunity for all RELEVANT and
Odgers customers, partners, and friends to come together, learn from case
studies, and discuss how leadership in times of continued transformation might
With New Work expected to change everything, leadership faces
completely new challenges. It is clear that there is insecurity in executive
search and selection, management development, and career planning about which
success factors from the past (may) still apply in the future and where new
approaches are necessary. Even current managers are asking themselves whether
they are fit for the future. Therein lies the purpose of this event: What can
we learn from the past and how can leaders be successful and authentic in the