Increasingly, businesses are partnering with outside assessment testing companies to provide cost-effective pre-employment screening solutions. According to a recent study, the employee assessment market grew by 15% last year to approximately $2 billion.
Any company with over forty employees in the same role that is also concerned about controlling costs should really be utilizing employee testing technology. Before ,making your selection consider these basic components.
The High Cost of Employee Turnover: To begin with, employing employee assessment technology should develop better organizations with better retention and increased performance as well as better processes. Including the cost of posting openings, time invested in interviewing candidates, and revenue lost while positions are open, turnover has a direct and an indirect financial impact on your company.
Improving Performance: Improved performance results from improving incumbents as well as selecting more qualified people. Using an assessment test founded on actual performance records will ensure that you select candidates with the best potential to perform well in the role.
Any assessment technology’s value actually depends on response consistency rather than accuracy. For example, an assessment model with a lot of similar questions phrased with minimal differences generally produces very similar responses.
Validity is the other vital ingredient to gauging an employee’s performance predictability. The assessment solution should focus on the quantity of studies and kinds of roles as well as study sample sizes.
By integrating various HR systems, including tracking of applicants, background checks, performance management and payroll, your organization will have a seamless data flow from one system to another, which will produce a highly user-friendly employee assessment system that accommodates people-flow needs.
Ongoing Workforce Development: In order to remain competitive, organizations should see consistent improvement from individuals as well as business divisions. Individual performance determines not only the corporate culture and success, but also affects conduct to performance when an assessment solution is introduced.
Many businesses mistakenly think that it’s better to base hiring choices on the high side of a characteristic, and in so doing, further the flawed more-is-better method.
Sometimes Less is More: The assessment solution should quantify a significant collection of behavioral characteristics and provide flexibility in specifying the optimum amount of each characteristic an ideal candidate should possess in order to succeed in the targeted job.
By compiling reliable data, employee assessment software helps develop a staff that is more closely aligned with your business’ stated business performance objectives.
Beyond the Score: A screening solution’s usefulness surpasses the simple applicant score. zAlthough overall scores are useful when assessing job candidates, the real value lies in making use of the rich data gathered to improve the interview process, identify future career paths and improve long-term performance..
The PeopleAnswers assessment test helps businesses improve employee retention and reduce turnover. Call us at 800.915.3243 to schedule a no-cost, no-pressure online demo.