The Role of Psychometrics in Today's Employment Landscape
Future-proofing recruitment strategies with psychometric insights.
There’s no avoiding the pace at which jobs are evolving, and along with them the skills required to succeed. Recently, LinkedIn highlighted the top 25 fastest-growing job titles from Data Science Manager to Machine Learning Engineer. Many roles didn’t exist ten years ago, others have developed as technology has advanced.
Add to this mix - the development of AI and digital technology, changes in the economic and global climate, new generations taking up positions in the workplace and shifts in work-life priorities - and we have a talent market that is continually being shaped and moulded by these factors into something new.
Organizations are looking for ways to navigate this evolving talent market and identify candidates who have the right skill sets, abilities and shared values for their business. Research indicates that “just over half (52%) of talent leaders in the UK are using analytics or technology to support their hiring and workforce planning decisions,” making psychometric assessments an ideal way to help recruitment/hiring managers, select top talent, develop current employees and evolve employees into future roles.
What is Psychometric Testing?
Psychometric tests for recruitment are the key to matching the very best candidates to the most suitable positions. They are used to measure a range of crucial skills which can aid the recruitment process, such as:
- Numerical skills
- Verbal skills
- Abstract skills
- Critical thinking
- Logical reasoning
- Personality traits and values
- Ability testing
How Can it Assist?
Interviews assess a candidate’s suitability for a role up to a certain point, but psychometric tests can assist in determining other crucial factors. These include how well that individual will fit into the existing team, their development within a certain role and their specific preferences and personality traits. Psychometric testing supports the recruitment process by offering specific information about an individual’s fit for a certain role.
The Benefits of Using Psychometric Tests
There are numerous reasons why psychometric testing can be of benefit to the recruitment industry, including:
- Reduce hiring costs and increase candidate pool - Adaptive testing means that you can use just one test to assess a diverse pool of individuals with differing abilities along the performance spectrum. On average, a 'bad hire' costs companies 30% of each hire's annual salary. Tools including the new RAVEN'S Adaptive can help you strengthen your decision-making process.
- Quickly sift out unsuitable candidates - with Talent Match you can reach a wide range of candidates who fit your requirements. Skills-based hiring can ensure you’re not ruling out candidates too early, which helps to improve your efficiency and supports candidates’ quality up to the final stage of recruitment.
- Predict performance - Tools such as the Watson Glaser Critical Thinking Appraisal test is seen as a successful tool for predicting job success. Research shows that organisations can predict over 70% of performance by using the right tools. Results can help you identify and select good team members and possible future leaders.
- Full picture of a candidate - Combining tests into one assessment package enables you to get a full picture of a candidate from skill sets and personality to their ability and values. Helping you to identify the likelihood of a candidate fitting into a team, role or environment.
- Reduces unconscious bias - Taking into account variations in personality, values, learning styles, for example, is a very important “though often a ‘hidden’ and so overlooked, form of diversity” Angus McDonald. Including psychometric tests in your recruitment process can help to reduce bias because they are standardised and objective unlike other methods such as interviews.
“We need to look at people as individuals…individuals bring diversity into the workplace.” Angus McDonald
Harnessing Technology in Psychometric Testing
Types of Tools Available
- Watson Glaser Critical Thinking Appraisal - This test measures critical thinking ability. It assesses the ability to look at a situation, understand it from multiple perspectives and effectively separate facts from opinions and assumptions. This appraisal is particularly suited to graduates and managers and looks at comprehension, analysis and evaluation.
- SOSIE™ - This tool measures personal and interpersonal values and personality traits. It can be used to create an even broader picture of a candidate when combined with ability tests within the recruitment process. This test will also offer an insight into the personality and motivations of the candidate, as well as their fit with a role or organisation and, ultimately, their performance.
- Numerical Data Interpretation Test™ (NDIT) - This test is designed to assess an individual’s ability to interpret and manipulate data. This skill is crucial for numerous roles and offers an additional insight alongside academic grades, which do not necessarily predict how well a person will perform when interpreting data in the workplace.
- RAVEN'S™ Adaptive/Advanced Progressive Matrices - These tests are widely used within recruitment for graduates, as well as for IT and engineering. They measure inductive (abstract) reasoning and identify advanced observation and clear-thinking skills.
Ability and Personality
When it comes to hiring, it is crucial to achieve a good balance between sufficient ability and the type of personality that is best suited to and compatible with an organisation.
Psychometric testing offers a deep insight into the personality, behaviours, motivations and aspirations of an individual, enabling the recruiter to see if these factors are as closely aligned with the environment, company and role as the candidate’s ability and CV. Psychometric tests enable recruiters to gain a fully rounded insight into a candidate, offering an effective evaluation and thorough understanding of skills, ability and personality.
Valuable Insights
Insights into aptitude, skills, personality, and motivation are essential to select the very best candidates and to develop and guide your workforce throughout their career at your organisation. Reliable and scientifically proven, our solutions support you in your daily work to get the clearest possible picture of a person’s current and future potential.
Contact our team to review how psychometrics can assist you.