How psychometric tests can help boost your organization's productivity
The key to a productive and successful organization is an effective team, irrespective of the size of the company or the industry. Various factors affect an organization’s ability to be productive -- including motivation, leadership or quality of the workforce. Though individual skills are important to establish and sustain in the field, compatible characteristic is what makes the team shine. The productivity of the company automatically spikes when the workforce is motivated and efficient, and to achieve this quality, it is very important for employers to select the right people.
The future of recruitment
The company’s engagement with the workforce depends on how motivating the work environment is. It is the management and HR’s duty to identify the traits of each employee to understand what motivates them and then act on the same to boost the productivity of the organization.
To hire the right set of employees, the employers can use scientific employability assessment methods. One such method of assessment is the psychometric test and the popularity of this test is rising at a rapid pace. A report by the British newspaper The Times suggests that out of the 100 top companies, 75% use some form of psychometric tests during the selection and recruitment process. The technological advancements in the online testing methods enable candidates to take the test at their convenience, pace and location. This turns out to be a cost-effective and efficient recruitment process and allows employers to reach out to a wider pool of potential candidates.
Why use scientific assessment in hiring?
Hiring a candidate is an expensive and time-consuming process, and a poor hire can be a massive waste of time, money, resources and energy. The estimated cost for an employer is upto 3x the salary of that individual. Besides the financial damage to the firm, a bad hire adversely affects the morale of the organization. This could also create a negative image for the business in the industry
When used accurately and tailored to a specific job role, psychometric tests can prove to be an objective and rigorous recruitment process. Psychometric tests identify the personality and occupational traits of an individual and how well he fits in with the culture of the organization.
While the usage of psychometric tests will not replace the traditional interview during the hiring process, it will only ensure standardization of the recruitment process. This is especially so in case of non-specialized roles where the job roles are non-specialized and the applicants are from diverse backgrounds, from across sectors and of various qualifications. There is a standardized test that can churn out the most efficient one without any bias.
How do psychometric tests help?
Every organization needs to understand the areas in which they can judge a candidate and then decide on a standardized test or tests to evaluate and assess the candidate based on those measurable. This would help the organizations find the most appropriate candidate who only fit the given job role and the organization’s work culture. Also, the candidates would be intrigued to participate and engage in this sort of a selection process when they can figure out the relevance of this exercise.
The information that has been obtained through the psychometric test can help the interview panel formulate questions and explore the key strengths of a candidate. Regardless of the outcome, the applicant will receive a standardized feedback from the trained assessor that would help and prepare them in their future job applications.
Hence, the psychometric tests help a company to get the right set of people who would help it to improve productivity and, in turn, profitability.