Ten reasons why everyone should use Psychometric Assessments
Did you know…
More than 75% of Fortune 500 companies utilize psychometric profiling in recruitment.
We’ve put together ten reasons why everyone should use Psychometric Assessments!
(1) You’ll reduce hiring mistakes
The recruitment process is costly and making a hiring mistake can prove to be even more costly – in fact, the true cost of a bad hire is frightening. Preventing just one wrong hire could save your company thousands of pounds.
Assessments can help you avoid to hire someone who performs well in an interview environment but nowhere else.
(2) You’ll be able to understand the whole person
People are more than just the snapshot you’ll get of them during an interview and HR experts will tell you that a person’s CV isn’t always as it seems. It’s important to look at the bigger picture.
(3) The results are measurable
Quantifying human behavior and its associated impact on the bottom line is probably the most difficult challenge facing organizations. Correlating assessment and recruitment results with outcome variables such as core job performance, employee turnover, engagement and commitment is the way for HR departments to transform their image to a business critical function.
(4). You’ll shorten the hiring process
Recruiting the right person, can take months and as we all know, time is money.
Online assessment systems give you the ability to pre-screen candidates, speeding up the process, and allowing you to have someone (and not just anyone- the one!) in the job within weeks rather than months.
(5) You’ll have a more objective selection process
Before an assessment can be carried out your HR team will need to think carefully about the role and the required attributes of the successful candidate. This process allows you to really think about what you are looking for in a new employee.
Knowing exactly what you’re looking for will stop you being bewildered by a candidate that may be excellent, but doesn’t really fit with your requirements.
(6) Testing beats gut feel
Human instinct is little better than rolling dice . To replace a skilled position, research indicates it can cost up to 150% of an employee’s salary in lost productivity; making bad hires is a cost every business should try and avoid.
Psychometric testing adds a level of standardization and objectivity to the traditional art of recruitment by helping to remove the unconscious bias that comes along with many selection decisions.
(7) There is return after selection.
Once a selection is made, the psychometric results can be put to further use. By this stage we’ve gained so much knowledge which can directly feed into onboarding and development programmes.
Also knowing who your employees are helps knowing what they want from the company, how to motivate them and how to get them to work towards their strengths.
(8) They guarantee consistency of benchmarks
By using psychometric tests, candidates are all assessed according to the same criteria. This means that they are not judged based on any biases or prejudices, such as race or education. This in turn helps in taking more objective decisions.
(9) You’ll attract better employees
With around 70% of the bigger companies in the UK now using psychometric testing as part of their hiring process candidates expect any company worth being a part of to use it. So don’t miss out!
Behavioural assessments will improve the credibility of the recruitment process and show candidates that the role, and their part to play in the company, is valued.
(10) You don’t need a psychology degree
Gone are the days of complex reports where a psychologist was needed to interpret psychometric test results. Psychometric test providers are slowly adopting a ‘design first, data second’ principle. Beautifully designed, data rich and easy to read reports can now be instantly accessed online.
Simplified real world language and easy to interpret graphics that tell you exactly what you need to know are becoming the norm. The reports empower every hiring manager to make a well-informed decision.
About the Author: nikkyvb
Nikky van Bommel is the Marketing Director for Big 5 Assessments and has worked in the Psychometric Testing industry for over 10 years. Nikky is responsible for all marketing and social media for the organisation.