Why Should Companies Use Psychometric testing in Recruiting?
As a company, it’s crucial to have the right people in the right roles. Hiring the wrong person can result in decreased productivity, higher turnover, and a negative impact on company culture. In fact, according to Harvard Business Review, more than 46% of new hires leave work or are forced to leave work mostly due to lack of culture fit or role fit – the problem is not skills-related, but of organizational, preference, and competency fit. To mitigate these risks, many companies are turning to psychometric assessments in their recruiting process.
Psychometric assessments are aptitude or ability tests that measure a candidate’s characteristics and tendencies related to job performance and fit with the team and organization. These assessments provide objective data on a candidate’s skills, personality, and cognitive abilities. They are designed to help companies identify the best-suited individuals for a role and make informed hiring decisions. The benefits of using psychometry-based solutions are several.
Firstly, they can reduce the risk of making a poor hiring decision. Psychometric tests provide objective and reliable data on a candidate’s abilities and personality, helping companies to identify the most suitable candidates for a role. This can lead to greater job satisfaction, higher levels of employee engagement, and increased productivity.
Secondly, psychometrics helps reduce the time and costs associated with the recruitment process. By allowing companies to quickly and easily assess a large number of candidates, psychometric assessments can help to streamline the recruitment process and save valuable time and resources.
Additionally, using psychometry-based solutions can also help companies to create a more diverse and inclusive workplace. By focusing on a candidate’s abilities and potential, rather than their background or experience, psychometric assessments can help to remove unconscious bias from the recruitment process. Leverage it to build a more diverse and representative workforce, and help companies to better understand and engage with their customers and stakeholders.
There are several companies that offer psychometric solutions for recruitment. Some of these companies include:
- Thomas International
- PSI Services
These companies offer a range of psychometric assessments and tools to help companies identify the best-suited individuals for a role and make informed hiring decisions. Their solutions include personality tests, cognitive ability tests, situational judgment tests, and more. The exact offerings vary between companies, so it’s important to do research and choose the solution that best fits your company’s needs.
Psychometric tools provide much more objective data on a candidate’s abilities and personality, help companies to make informed hiring decisions, reduce the risk of making a poor hire, and create a more diverse and inclusive workplace. With the increasing use of technology and automation in the recruitment process, psychometric assessments are becoming an increasingly popular and effective way for companies to identify top talent and make informed hiring decisions.