The cost of a “bad hire” in today’s market is significant around 30% of the annual salary, plus the performance impact on the team due to employee turnover. However, psychometric tests, used by 4 out of 5 Fortune 500 companies, help HR managers gain insights into personality, skill sets, and abilities. This enables managers to select top talent for interviews or further skill assessments.
When deciding which type of psychometric assessment to integrate into your hiring process, consider factors such as your organization’s size, goals, and objectives.
Our guide provides an essential overview of psychometric assessments, covering different test types, advantages, and benefits. It also outlines a procurement pathway for HR professionals, helping them make informed decisions—from choosing the right vendor to evaluating outcomes.