Psychometric tests have revolutionized the recruitment process for many companies by objectively quantifying a candidate’s skills, abilities, and personality. It helps employers find the best suited workers for their company. This objective approach in selecting candidates for an open position has proved to be a better alternative over the traditional method of human resources recruitment. This test is also known as aptitude tests which measure specific skills and traits that employers deem necessary for a given job. These tests have proven very useful in the selection process. They are able to identify candidates who have the right skills and personal qualities to become successful employees by maximizing performance and productivity while reducing turnover rates. This type of test is also referred to as an intelligence test which aims at measuring intellectual capacity of a candidate using some standard methodologies.
1. Competitive Edge:
Psychometric tests help an organization in hiring the best suited candidate for a position within the stipulated time frame. This way the company saves time, money and has a competitive edge over other organizations. It allows them to eliminate a vast majority of the candidates at the pre-selection stage which would have otherwise wasted time. It also helps the organization in retaining only those employees who are truly capable of excelling at their work and benefiting from it.
2. Diversity :
Psychometric tests help in finding out the diversity within a group of candidates. It helps organizations to fill up vacancies and maintain a competitive edge over those with different recruitment processes. They are able to identify certain strengths, weaknesses and gaps that may be present in other recruitment methods used by the company which may lead to failure. It also helps them identify potential employees from which they may have missed out on hiring and have hired incorrectly when using other recruitment methods. A better understanding of the candidate could help them prevent such mistakes from occurring again in the future.
Psychometric tests are an effective tool to measure qualities that are necessary for many positions at the same time. This helps an organisation identify those candidates who have all the traits required for the position and saves time in placing advertisements, interviews and other traditional methods of recruitment. It also shortens hiring time by building a list of qualified applicants within a specific period as opposed to years or months. A company using psychometric test will save money on recruiting and screening new employees because they can eliminate many unsuitable candidates from their pool before they even qualify for an interview or get formally hired into their position.
4. Reduce Turnover :
Psychometric tests help in reducing turnover rates by increasing employee satisfaction and motivation levels. Better motivated and satisfied employees work efficiently with higher productivity and are more loyal to their employers. This reduces recruitment expenditures as well as increases productivity levels of an organization. It also helps in building a workforce that is skilled, qualified and fit for the job which ultimately reduces turnover rates. These tests thus help an organization in reducing costs and increasing productivity levels as well as revenues.
5. Improve Productivity:
Psychometric tests help an organization to increase their productivity levels by improving employee performance through better selection process of employees. The employees are better motivated towards work, increased work satisfaction and retention rates ensure higher effectiveness with more production output from existing resources. This leads to important gains in productivity, profitability and growth of the business from having efficient candidates in the workforce than any other recruitment methods available to them.
6. Expense Reduction:
With the help of psychometric tests it reduces time spent on recruitment interviews thus saving money for a company. This test differentiates the candidates among them with their own individual set of skills and characteristics through which a company is able to find the best suited employees for their organization. It thus saves time, money and resources that a company may have spent on filling job vacancies through traditional recruitment methods. This test helps in reducing expenses by helping the organization avoid mistakes they may have made in the past like hiring unsuitable candidates.
7. Improved Employee Retention:
Psychometric tests help an organization to retain valuable employees by helping them identify employees who are most suitable for their position. This test helps an organization to focus on filling the right position with the right people rather than focusing on filling the positions at any cost especially in the current scenario of high employee turnover. These tests help an organization to retain valuable employees by avoiding mistaken hires and slowing employee turnover rates. It helps them identify jobs for certain skills, qualities and experience that the employees have which would otherwise be impossible to determine with traditional methods.
8. Time Saver:
Employers usually waste a lot of time by interviewing several candidates on personal and behavioural attributes. Since psychometric tests can be taken online, employers save their valuable time which they would have otherwise spent on interviewing candidates. These tests also reduce cost since they are able to evaluate a large number of candidates in minimal time. These tests help in saving time and thus money which is otherwise spent on recruiting new talent through traditional recruitment methods. It saves time in the recruitment process and thus helps employers to save time and money by concentrating on recruiting the best suited candidates from among their pool of applicants rather than hiring employees who are not suitable for their position.
9. Reduced Costs:
Since psychometric tests help review qualifications, skills, capabilities and personality test of a candidate it helps in reducing the cost of hiring an employee. This test helps an organization to find the right employee within their budget that would have otherwise wasted time and money in hiring unsuitable candidates through traditional recruitment methods like advertisement and interview. It also helps reduce unfavourable selection process mistakes that may have happened in the past like choosing unsuitable candidates for specific jobs based on their personality or physical capabilities for a particular job.
Mercer | Mettl is a platform that offers psychometric testing and solutions. It helps in measuring a candidate’s personality traits that would otherwise be difficult to detect through traditional methods. The tests that they offer help in differentiating employees based on their personality traits and abilities.