Earlier this week, I was sent some excellent research on the use of psychometrics for recruitment and selection (thanks Yasmin). Aberdeen Research has produced a report which claims:
- 12% increase in revenue and an 11% increase in profit per full time employee
- 47% greater improvement in hiring manager satisfaction
- 15% greater performance in first year retention
- 18% greater new-hire performance
… when psychometrics are used pre- and post-recruitment. If you want to read more, the report is referenced on my recruitment and selection web page.
I’ve posted previously on reducing risk in employee selection, where the Chartered Institute of Personnel and Development’s research claims that the cost of recruitment error is between £5000 and £50,000 depending on seniority and potential for business errors.
An open and shut case, wouldn’t you say?
Not yet completely convinced, then perhaps you might like to follow these links for a little more information on the use of psychometrics: