With continued high unemployment rates generating record number of job applicants, organizations are focusing on talent assessment to build competitive advantage. The need to rapidly filter the right talent from a vast talent pool and reduce costs early in the selection process is driving the use of pre-employment assessment technologies. Organizations are also using assessments for internal recruiting, learning and development, performance management, and succession planning.
On the delivery side, new technologies and test formats have transformed assessments, moving away from paper-and-pencil tests to complex scoring of candidate responses. For instance, virtual simulation assessment mimics real-world job responsibilities and gives candidates a realistic view of what the job entails. Such assessments are highly effective for staffing front-line service jobs such as bank teller or call center representative. Moreover, innovations in assessment systems have made it easier for hiring managers to do their jobs. Applicant tracking systems allow managers to simply click a button to use competency models, assessment tools, hiring procedures, and interviewing guides for open positions. These systems also ensure that hiring managers are utilizing consistent assessment and hiring processes across the organization.
More organizations are using assessments to better predict candidates’ cultural fit or to evaluate how well new hires adapt to distinct company environments or specific jobs. One common technique in predicting cultural fit is asking candidates to state their preferences for certain job conditions. Moreover, organizations are also seeing the value of employing assessments throughout the talent lifecycle to develop succession plans and create improved leadership bench strength. The intent is to develop a group of individuals that upon being sufficiently trained can move into open positions at a moment’s notice.
At this juncture, there are a wide variety of solutions providers entering the industry with a set of advanced assessment solutions offerings. To help companies navigate through the best-of-breed assessment solution providers, HR Tech Outlook has compiled a list of ‘Top 10 Assessment Companies in Europe -2020’. The enlisted organizations improve cost of hire or quality of hire, and boost leadership bench strength. Besides, the magazine also comprises insights from thought leaders in the sector on the industry trends, best practices, recent innovations, and their advice for the aspiring CIOs.
We present to you HR Tech Outlook’s, “Top 10 Assessment Companies in Europe -2020.”