So why do companies spend so much money on psychometric testing?
Well it helps them make better hiring decisions. And better hiring decisions mean less costly mistakes.
What is the cost of making a bad recruitment decision? £5k, £10k, £20?
I spoke to a friend of mine a while back who hired a sales person. He figured that in six months the guy almost put him out of business.
He not only didn’t deliver new sales, he lost him customers.
It took three months before my friend realised there was a serious problem then another three months to get rid of the guy. It will take years to repair the damage.
This is why psychometric testing is used. If it manages to eliminate even one bad hiring decision, then it has paid for itself many times over.
