Talent Assessments are used by employers to influence their hiring and retention decisions. They are used to evaluate the potential of prospective employees and the competencies of existing employees.
Employers use Talent Assessment to determine if a candidate is eligible for a job opening or occupy his current position.
Organisations make use of Talent Assessments for the following reasons:
Hiring Right: Talent Assessments are designed to assess the candidate’s knowledge, skills, personality, work style/ethics and if they meet the job requirements and organisational culture. The process also determines the candidate’s performance and retainability.
Clarity in Hiring Decisions: Using talent assessments create clarity and remove personal bias in hiring decisions. This overrules gut feelings, bias or personal power as the recruitment procedure is governed by objective analysis.
Effective Onboarding Process: The assessments are also used to increase new hire engagement through a more effective onboarding process. This increases productivity, turnaround time and performance.
Learning and Development: An organisation can link assessment data to development programmes, succession paths, variable compensation, and productivity output.
Manager Assistant: Talent Assessments also serves as an assistant to a manager; by providing a science-driven, data-focused roadmap to make informed employment decisions and performance improvements at all stages of employment.
In-house Talent Sourcing and Development: Assessing your employees regularly helps an organisation discover useful talent within and also encourages them to strive for development to drive success and profitability. Employees that have goals or learning opportunities are assets while those that do not have both are overhead costs.
Risk reduction: Using a competency-based approach during recruitment helps an organisation to reduce certain risks.
Employee Assessment: Talent assessment and management give a deep insight into the management into their employees’ abilities, career aspirations, development needs, dislikes, likes, strengths, and weaknesses. This helps to determine their motivation and other features that would be helpful to the growth of the organisation.
Cost-Effectiveness: Talent assessments help your organisation to save time and money as your people can focus on their time with candidates that meet with the required competencies for the job. Hiring a qualified candidate by first assessing him or her means lesser time and use of resources.
Customer Satisfaction: When employees go through talent assessments that are competency-based, they carry out their required tasks with more effectiveness. This naturally translates to high service levels which increases customer satisfaction.
Retention of Talent: Retaining top talent is important to the leadership and growth of an organisation. Organisations that do not work towards this face the risk of losing out to their competitors. It is advisable to focus on employee retention strategies and programmes that are based on quality people.