Assessment Tools Overview
How can you be sure you’re hiring the right people for the right job? Would that junior employee make a good manager someday? What will it take to motivate someone to reach their sales quota? And what incentives would keep that top performer from jumping ship? You’ll be surprised at how easy it is to answer those questions when you understand the power of assessment tools.
In a nutshell, the core benefit of assessments is the ability to hire, develop and retain talent, all aligned with the specific needs of your organization. Because a company can’t run lean and efficient if there’s frustrated potential on one end, and over-their-head managers on the other end.
Conflict, dysfunction and employee churn are so common at some businesses that it’s accepted as normal. A study by Leadership IQ of 20,000 newly-hired employees found that 46% failed within 18 months. But it doesn’t have to be that way.
Being able to confidently predict performance before you make personnel decisions is naturally a huge advantage, with positive long-term consequences. Crucial choices are now more scientific and less ‘political’. You’re no longer relying on the truthfulness of a candidate’s resume or interview. Good workers are content and stable, because they have the right job for their particular talents.
What can assessments measure? Workplace behaviors, hidden talents, work ethic, managerial ability, integrity, ability to learn new skills, loyalty, personality traits, substance abuse, criminal tendencies, and a whole lot more. The kinds of things you used to guess at. But as they say, knowledge is power, and armed with the right assessment tools, you’ll have access to entirely new levels of knowledge. You’ll soon wonder how you got along without it.
With what we call Performance Modeling, you can discover what it is about top performers at your workplace that makes them different from average performers. You can then look for those high-level traits in the assessment reports of other employees or job candidates. This system is used to boost productivity and profit at some of the world’s most successful companies.
The assessment tools provided by Global Peak Solutions were created by managers, for managers. They were carefully conceived, developed and fine-tuned by professionals who, like you, have been in the trenches of organizational management, and understand the challenges. Not by research academics who have never actually hired or managed anyone.
Of course, since we’re assessing humans and not robots, no assessment in the world can be 100% accurate, 100% of the time. But once business owners, managers, and HR professionals start comparing assessment results with what they already know about an employee, or with eventual outcomes, they find the correlation to be surprisingly accurate and revealing.
The results? Studies have shown a 64% improvement in the quality of hires when the right assessments are used, as well as a 63% decrease in overall hiring costs.
There’s a common belief that personnel assessment tools are only for large, national organizations, and just for top-level executives. While that may have been the case at one time, Global Peak Solutions now makes these tools affordable and simple to use for companies of just about any size.
Nonetheless, the Profiles International assessment products we offer are being used by companies like Dun & Bradstreet, Four Seasons Hotels & Resorts, Mercedes Benz, SAP and Wells Fargo. The Birkman assessments we also offer are employed by The United Nations, Walmart, Comcast, P&G, HP, Coca-Cola and many others.
It’s never been the aim of assessments to take control away from hiring authorities and other decision makers. Rather, assessment tools empower you further, so you have exactly what you need to more accurately predict outcomes, and make smarter, more confident people decisions. And, as you may soon find out for yourself, that helps a company’s bottom line in all kinds of ways.
If you’re not sure what to do about the ongoing challenges of developing, retaining and hiring the right people, but if you have more questions than answers about assessments, you’ve landed in the right place. The helpful people at Global Peak Solutions are here to help you sort it all out. We’re not asking for a commitment. Just a half hour or so to chat about it. Find out how it works.