The executive assessment is a process that helps companies evaluate the potential, competency and leadership of candidates for a particular role within an organization. Whether you are considering internal promotions or hiring externally, executive assessments ensure that you are planning based on data instead of traditional interviews.
It begins with a meeting between the assessment firm and the client company to understand specific needs and any areas of focus. Following this, candidates undergo psychometric testing.
Once the testing phase is completed, specialized interviews are prepared based on the company’s needs. A detailed report is generated, offering insights and results as well as the expert opinions of experts in the field to guide a company’s decision-making process.
After the detailed report is presented, a feedback session is held with the client company to discuss the findings and implications. This ensures clarity and alignment in interpreting results. Furthermore, recommendations for development or training are provided, empowering the company to optimize the potential of its executives.
Wrong executive hirings are costly in more ways than monetary terms.
Executive assessments involve measurable and detailed testing.
Assessment of the goals and needs of both parties.
Executive psychological profile is assessed.
Essential for companies that prioritize impeccable compliance.
A collaborative session to understand customer needs and interests.
Assessing candidates using psychological tests and compatibility with the role.
Conducting interviews based on psychological profiles and client requirements.
Providing in-depth reports with expert analysis to guide decision-making.
Feedback on an individual's performance from various sources.
A collaborative session to understand customer needs and interests.
Assessing candidates using psychological tests and compatibility with the role.
Conducting interviews based on psychological profiles and client requirements.
Providing in-depth reports with expert analysis to guide decision-making.
Feedback on an individual's performance from various sources.
Diagnosis of situation: A leading global tech firm faced challenges in their senior management hiring. Despite rigorous traditional interviews, they had several leadership misfits in the past, leading to decreased morale and a noticeable dent in company growth. Relations between the main European office and the U.S. division were strained. Retaining these Sales Directors, as well as their top-performing members, was crucial.
Implementation: The company collaborated with a specialized assessment firm to restructure its leadership hiring process. This involved:
Initial Consultation: The assessment firm held intensive meetings with the client to comprehend their unique leadership requirements, corporate culture, and strategic goals.
Psychometric Testing: Candidates shortlisted for senior roles underwent thorough psychometric evaluations, determining their psychological alignment with the company’s ethos.
Specialized Interviews: Post-testing, the assessment firm designed bespoke interviews, targeting key areas highlighted by the psychometric results.
Detailed Reporting: After the interviews, the company received comprehensive reports, amalgamating test results with expert analysis, aiding their final decision-making process.
Results: After implementing the executive assessment process, the company observed a 35% decrease in leadership role turnovers within a year. The newly hired leaders displayed better alignment with company goals, contributing to a 20% growth in overall productivity. This strategic move not only bolstered the company’s bottom line but also enhanced company morale, establishing a cohesive organizational culture.
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