Psychometrics for your entire Employee Lifecycle

Recruitment, onboarding, learning and development, performance, retention

Psychometrics combined with conversation – a winning combination.

The value psychometric assessments bring to the recruitment and selection process is widely accepted – that all important objectivity and reduced bias.


What many organisations don’t realise is that the insights provided by the assessments are effective in accelerating individual performance during onboarding, performance and development conversations, career planning and organisational change.

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"We partnered with Davidson to identify the impact of the Retail Store Manager solution, as a way to optimise performance of our leisure retail brands. We were able to identify high performing Store Managers, the financial impact they were having on our organisation, and how we can use this new knowledge to improve our business into the future.”

Additionally, psychometric assessments provide invaluable insights as to team preferences, strengths, weaknesses and help to identify areas for improvement.

 

Psychometric assessments measure potential performance (such as ability, aptitude, or attainment) and personal qualities (such as motivation, personality, values, and preferred ways of working).

 

Psychometrics during Recruitment and Selection


Davidson’s research and business impact studies have shown that sustainable workplace performance, increased profit and competitive advantage can be achieved through effective utilisation of psychometric assessment into recruitment and selection processes.


Business benefits include:


  • Risk minimisation: ensuring your workforce meets safety and behavioural requirements
  • Maximise quality hires: improve the likelihood of selecting people who are high performers
  • Reduce cost per hire: identify processes to improve efficiencies in recruitment
  • Improve consistency: having one set of assessments and reports to successfully inform your recruitment decisions
Real world examples
  • Reduced workplace injuries by 51% (Rail and Logistics)
  • Improved sales performance and conversions by 800% (Insurance)
  • Improved time and cost to shortlist by 35% (Mining)
  • Improved revenue generation per employee by up to 35% (Retail)

Psychometrics targeted at Onboarding


As competition for talent continues to increase, early onboarding and support is now considered a vital HR tool to help mitigate the risk of preventable negative outcomes such as employee turnover.

 

All new hires undergo a ‘learning curve’, during which they temporarily perform below the level of a fully productive employee. Consequently, new hires must be supported during this learning curve period.

 

Using psychometric data to tailor the employee’s onboarding process helps to set them up for success. In Davidson’s experience, in the current market, where talent is being drawn from all corners, new hires may be from outside the organisation’s sector or industry. They may not have all the experience required or all the necessary connections and relationships. Tailoring onboarding to minimise these gaps in a way that maximises the individual’s learning preferences makes good sense.

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Research by McKinsey senior partners Scott Keller and Mary Meaney reveals:


"Three-quarters of executives consider themselves unprepared for a position because of inadequate onboarding processes."

Psychometrics targeted at Learning and Development


The team at Davidson have expertise working with clients and using psychometric assessments in the design of professional development programs, including what success looks and the measures of that success.

 

Measurable outcomes that we have delivered for our clients include:


  • Leadership Capability: Improvement of Leadership Capability of participants by 32% within 12 months
  • Self-Awareness: Improvement of self-awareness of Leaders by 74% within 12 months
  • Value for Money: Reduction in development costs by 33%
  • Retention: 90% retention of all identified high potential leaders over a 2-year period
  • Succession Management: 60% of high potential participants identified for succession achieved successful promotion within 12 months of being identified


Research indicates that leaders who create environments in which employees can make the most of their talents, have more productive teams, with less employee turnover.

 

Leaders who recognise the individual strengths of their team members have:

12.5%

greater productivity in work units

8.9%

greater profitability

14.9%

lower turnover rates

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"By focusing on the individual strengths of team members, engagement jumps from 9% to 73%"

Psychometric assessments such as personality and cognitive ability assessments are efficient, cost-effective and provide insight into people’s general preferences and abilities.

Why Davidson?


At Davidson we have:


  • Exclusive access to the largest suite of psychometric and job-family assessments in Australia
  • Best-practice assessment validation and norms (including external review and validation)
  • Training for internal HR and hiring managers
  • A team of HR and Organisational Development specialists and Consulting Psychologists

Our assessment solutions are


  • Streamlined: testing is quick, succinct and tailored.
  • Efficient: targeted to reduce testing time and make for a positive candidate experience.
  • Cost-effective: annual licence subscriptions enable client self-sufficiency, with a tool-kit and consultation provided for managers.
  • Language diverse: reports are available in 21 different languages.

 

With countless surveys reporting the cost of failed hires, and poor employee engagement and retention, increasing the ROI of your psychometric suite isn’t just “best practice” it’s a financial imperative.

Assessment Solutions covering:

  • Personality and Competency
  • Cognitive abilities
  • Safety and psychomotor
  • Skills and Technical
  • Situational Judgement
  • Leadership

Davidson is your trusted expert on designing a strategy for the best use of psychometric assessments for your organisation

Please contact us

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