Did you know that cognitive ability and conscientiousness are the strongest predictors of future job performance? Or that one’s problem solving abilities are most strongly linked to success on the job? Luckily, more and more organizations are realizing this, leading the personality assessment industry to impressive growth.
The effectiveness of personality assessments is even getting recognized and taken advantage of by Fortune 500 companies. It has become common practice to include assessments in the hiring process about as often as background checks are included. In fact, 90 percent of Fortune 500 companies are using a computer- or paper-based pre-employment assessment, and over 85 percent of Fortune 500 companies have chosen to use psychometric testing in one of their initial stages of recruiting.
Some companies utilize employee assessment tools for a more time efficient hiring process, and others use them to get an in-depth look into a potential candidate—but most would probably admit to using assessments for both of those reasons and many more.
Because all businesses are unique, they each derive a distinct usefulness from employee assessments. And although they’re getting popular among large organizations, that doesn’t mean they can’t also be effective for small and mid-size companies as well. The wide variety of personality test designs in the industry means there is a tool—and solution—out there that will be effective for you, regardless of the size of your organization.