 | Posted: April 16, 2013 By: The Economist This article states that the Psychometric test market is now estimated it to be worth between $2 billion and $4 billion a year. Companies trying to get market share are mentioned to include:
The benefits of psychometric tests as a cheap and efficient way for an employers to shortlist large volumes of applications is noted but also criticisms that tests are easy to game and firms end up “selecting the people who know what the right answers". Some great comments include: "...When Frank Schmidt and John Hunter analyzed 85 years of research, they found that assessing cognitive ability and personality factors contribute to significantly better hiring outcomes. The major personality factors were identified in the 1930s and since the 1980s, factor analysis techniques have confirmed their reliability. Cognitive assessments have been around just as long with the first published in the early 1900s – the research data on them is extensive. Emotional Intelligence (EI) is a different story. Over the last decade research studies (Newsome et al. 2000; Barchard 2003; Harms et al. 2010 among others) have tried to find a connection between EI and job success. No research has found that EI helps predict or understand job success after controlling for cognitive ability and personality. - Dr. Deborah L. Kerr Ph.D "...Psychometrics alone cannot be the basis for hire or reject. They are a source of input for the hiring manager to establish a peek into the candidates personality attribute - trait or type depending on the chosen test. The biggy is the interview, well prepared interviewer will be able to delve deeper, establish & assess the candidate in relation to the job. The other important aspect is to validate the data obtained from pyschometric (...sic...) assessment through the interview process, unfortunately this need most often is not met..." - SairameshG Find out more about the two broad categories of psychometric tests, along with links to practice tests on this site at: Psychometric Test TypesPractice Aptitude & Skills TestsPractice Personality & Career TestsCompanies & HR Professionals |
Leadership and Psychometrics News
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Leadership and Psychometrics News