Hay Group announces the acquisition of Talent Q
The acquisition adds to the already strong assessment services Hay Group offers clients as part of its broader people-related advisory services. It enables the firm to provide objective and actionable insights about applicants and employees at all levels in an organisation.
Founded by leading occupational psychologist Roger Holdsworth in 2006, Talent Q is a pioneer of online psychometric assessments and one of the most innovative players in the market, serving all sizes of organisation and across many different industry segments. As a result of the acquisition, clients in over 125 countries will benefit from Hay Group and Talent Q combined expertise.
"Both Hay Group and Talent Q are known for their deep people expertise and commitment to innovation and client service, which led us to first become strategic partners in 2010," said Stephen Kaye, President and CEO of Hay Group. "Today's announcement reinforces our strategy to be a leading advisory company both in consulting and technology led services. It brings together exceptional talent to help our clients gain a competitive advantage by putting the right people in the right roles, at every level faster."
The shortage of skilled people around the world, compounded by a significant increase in employee turnover as the economy improves, means that the pressure on organisations to select, develop and retain talent has never been greater. Together, Hay Group and Talent Q will provide powerful insights to help clients address these talent challenges.
"We are delighted to join Hay Group and Talent Q together.” said Chris Holdsworth, CEO of Talent Q. "We know Hay Group well and have already seen the joint impact we can have on client organisations through our longstanding partnership. We share a passion for client service, outstanding user experience and putting solid science and great data behind everything we do. By combining our expertise we will able to offer our clients new ways to get the most from their people. We are really excited about the future.”