MERIT Benchmarking System FAQ's

Future Achievement International has entered into a partnership with Precision Human Development (PHD) to provide our customers the best available professional MERIT Benchmarking Services that significantly enhance the use of the MERIT Profile™. We encourage our customers to study and review the following document for it provides valuable insights and understanding in this very specialized area.

1. Concept Of Performance Benchmarking
2. Ways to Use the Technology
3. What is the Technology?
4. The Process of Benchmarking
5. About the Online Surveys
6. Compliance with Labor Standards in the U.S. and Canada
7. How Effective is This Technology?
8. What Types of Organizations Use This Technology?
9. Sample of Current Industries Served

How Effective is This Technology?

PHD conducts customer Return On Investment research whenever possible to demonstrate the effectiveness of its technology and methodology empirically, i.e. by controlled scientific tests (double-blind when possible).

Part of the testing involves “pre-validation” (pre-testing) of the benchmarks when possible before they are actually used on applicant populations. In doing so, we can clearly demonstrate the expected predictive accuracy of the benchmarks before they are used to screen applicants. This benchmarking technology has been applied in multiple ways with customers over the course of several years.

	Improving performance (Result: a customer’s sales increased by 67% ($120 million) over 6 years with no other adjustments to its recruiting & training practices).
	Reducing people expenses (Result: a customer reduced turnover from 56% to less than 28% from 2000 - 2005 resulting in replacement cost savings of $13 million per year or $1:$600: for every dollar invested in the system, the return was $600).
	Reducing risk (Result: transportation companies were able to reduce driver accidents by 25% and risk incidents by more than 30%).

Maximizing Employee Resources...Implementing Transformation!

Description of Performance Benchmarking
Description of MERIT Benchmarks
Benchmark Construction and Application (PDF)