Hiring the right people is vital to the success of any business - getting it wrong can be a costly mistake. It’s no surprise then that many companies spend a lot of time and resources on their recruitment processes, investing in tools and technology to help them find the right people.
In recent years, assessment solutions have become an integral part of the recruitment process for many organisations. These online assessments provide recruiters with the tools to find the best candidates for their open positions by providing insights into applicant’s personalities, abilities and skills through comprehensive psychometric testing and behavioural profiling.
Assessment solutions offer several key benefits to businesses looking for ways to improve their hiring process. Here are our top five reasons why you should consider including them as part of your recruitment strategy:
Reason #1 - Reduced Cost of Hiring
Finding a new employee is expensive - from advertising and interviews to the time taken up by HR teams managing the process. Assessment solutions can help cut down on these costs by streamlining the process - eliminating time-consuming and costly tasks like face-to-face interviews, and saving recruiters time on the analysis and evaluation of candidates.
Reason #2 - Improved Time to Hire
Assessment solutions typically offer a much shorter turnaround time for assessing potential hires than other recruitment methods. Tests can be completed online, and recruiters are able to get quick insights into applicants’ personalities and skillsets, helping them make informed decisions sooner and enabling them to hire faster.
Another time-saving aspect is the ability to screen out large numbers of unsuitable candidates early on - assessment solutions can help recruiters eliminate weaker applicants before they even get to the interview stage. This means less time spent interviewing and assessing unsuitable candidates, saving employers precious resources.
Reason #3 - Increased Quality of Hire
Pre-employment assessment tools give you the ability to make evidence-based hiring decisions - ensuring that your company hires people who fit best with their role and will deliver results quickly. A range of sophisticated data and reports ensure that you have the information needed to pick out top candidates.
These assessments are very effective at measuring personality traits, cognitive abilities and behavioural profiles. They provide a much more nuanced understanding of potential employees than traditional recruitment methods can do alone.
Assessment solutions will also provide an insight into the candidate’s competencies that are more difficult to assess through interviews. This allows recruiters to identify candidates who may have had a bad interview but can still be of great value to your business.
Reason #4 - Maximise Employee Retention
Recruitment is an expensive business - but the cost of losing an employee (and having to start the process of recruiting and training all over again) can be even higher.
Assessment solutions help you minimise this risk by providing comprehensive insight into a candidate’s personality in addition to their skills and abilities. This helps to ensure you hire people who will not only perform well in their role but will be a good fit for your company culture and values and likely thrive in your business environment.
Hiring for cultural fit is becoming more important as companies realise that it’s integral to their success - yet many organisations still struggle with this aspect of the recruitment process. By utilising assessment solutions to help determine a candidate’s suitability and cultural fit, organisations can increase the likelihood of new hires staying in their role long term, reducing the costs associated with high staff turnover rates.
Reason #5 - Increased Diversity
With a more data-driven approach to recruitment, assessment solutions reduce unconscious bias in the hiring process and help you to hire a more diverse workforce. Assessment tools can form part of an evidence-based strategy that helps determine the best person for the job - regardless of background or demographics.
Efficient recruitment processes improve the bottom line of your business by cutting costs and increasing productivity - hiring top talent increases revenue and boosts profits.
Although these benefits may seem obvious, many businesses fail to recognise their value or simply don’t have access to them due to a lack of knowledge about assessment solutions or limited budgets for improving recruitment processes. Fortunately, assessment tools are no longer an expensive luxury - many solutions can be implemented at a low cost and provide significant value to organisations of any size.
For more information on how assessment solutions can help optimise your recruitment strategy, visit our website or call us today for a free consultation with one of our experts.