The value psychometric assessments bring to the recruitment and selection process is widely accepted – that all important objectivity and reduced bias.
What many organisations don’t realise is that the insights provided by the assessments are effective in accelerating individual performance during
onboarding, performance and development conversations, career planning and organisational change.
"We partnered with Davidson to identify the impact of the Retail Store Manager solution, as a way to optimise performance of our leisure retail brands. We were able to identify high performing Store Managers, the financial impact they were having on our organisation, and how we can use this new knowledge to improve our business into the future.”
Additionally, psychometric assessments provide invaluable insights as to team preferences, strengths, weaknesses and help to identify areas for improvement.
Psychometric assessments measure potential performance (such as ability, aptitude, or attainment) and personal qualities (such as motivation, personality, values, and preferred ways of working).
Davidson’s research and business impact studies have shown that sustainable workplace performance, increased profit and competitive advantage can be achieved through effective utilisation of psychometric assessment into recruitment and selection processes.
Business benefits include:
As competition for talent continues to increase, early onboarding and support is now considered a vital HR tool to help mitigate the risk of preventable negative outcomes such as employee turnover.
All new hires undergo a ‘learning curve’, during which they temporarily perform below the level of a fully productive employee. Consequently, new hires must be supported during this learning curve period.
Using psychometric data to tailor the employee’s onboarding process helps to set them up for success. In Davidson’s experience, in the current market, where talent is being drawn from all corners, new hires may be from outside the organisation’s sector or industry. They may not have all the experience required or all the necessary connections and relationships. Tailoring onboarding to minimise these gaps in a way that maximises the individual’s learning preferences makes good sense.
Research by McKinsey senior partners Scott Keller and Mary Meaney reveals:
"Three-quarters of executives consider themselves unprepared for a position because of inadequate onboarding processes."
The team at Davidson have expertise working with clients and using psychometric assessments in the design of professional development programs, including what success looks and the measures of that success.
Measurable outcomes that we have delivered for our clients include:
Research indicates that leaders who create environments in which employees can make the most of their talents, have more productive teams, with less employee turnover.
Leaders who recognise the individual strengths of their team members have:
12.5%
greater productivity in work units
8.9%
greater profitability
14.9%
lower turnover rates
"By focusing on the individual strengths of team members, engagement jumps from 9% to 73%"
Psychometric assessments such as personality and cognitive ability assessments are efficient, cost-effective and provide insight into people’s general preferences and abilities.
At Davidson we have:
Our assessment solutions are
With countless surveys reporting the cost of failed hires, and poor employee engagement and retention, increasing the ROI of your psychometric suite isn’t just “best practice” it’s a financial imperative.
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