Business
India Inc to leverage psychometrics for selecting employees
New Delhi, Oct 17: India Inc is keen to leverage advanced psychometrics as its benefits in selecting employees have been unrealised among top organisations in India, said a study released on Monday.
The findings of "The State of Psychometric Assessments in India" study conducted by global advisory, broking and solutions company Willis Towers Watson showed that "recognised benefits of psychometrics largely remain unrealised as almost half the companies acknowledge not using it".
The study polled over 100 of India's top organisations and human resource (HR) leaders to understand why companies in India lagged their mature market counterparts in realising the benefits of psychometrics, also said, "As many as one in three have never explored it."
"Only, nine per cent companies are unwilling to explore a new tool indicates a keenness among the vast majority to leverage advanced psychometrics and signals a need for improved awareness and access to superior tools," the study said.
Psychometric assessment is the science of applied psychology which is intended to identify specific personality traits that could highlight the suitability for specific roles. Currently, the tool is primarily used for recruitment and selection in India.
Interestingly, more Indian domestic organisations use psychometrics as compared to MNCs.
The study said that despite succession planning being a key stated challenge for companies in India, the application of psychometrics in addressing this was low with only 28 per cent using it at senior management and 13 per cent for middle management.
"Imagine how valuable it would be to hire only those employees likely to be engaged? Psychometrics, as a science, is yet to be fully explored and leveraged in India. In an increasingly competitive world, only traditional methods such as interviews or aptitude tests may not be enough," aid advisory company's Director (Rewards, Talent and Communication) Shatrunjay Krishna.
"Identifying, retaining and developing the right talent requires a precision that psychometric assessments can provide," he said.
11 minutes ago
Periya double murder case: CPM fundraising again; members asked to contribute ₹500 each.
10 hours ago
"Tiger creates panic by going into hiding; Search conducted using a thermal drone
11 hours ago
Five coaches of a passenger train derailed; Major disaster averted
12 hours ago
Young man tragically dies during Jallikattu in Tamil Nadu; Around 20 injured
16 hours ago
Controversy erupts over private firefighters' hiring amidst raging Los Angeles wildfires
16 hours ago
Trump's impact on Indian Rupee likely to be short-lived: SBI Report
16 hours ago
'We did both': US President Biden reflects on defending Ukraine, preventing nuclear conflict
16 hours ago
'US-India relationship will continue to grow', says EAM Jaishankar
17 hours ago
US Senator Tom Cotton calls for repeal of China's permanent normal trade relations status
17 hours ago
'Hearts ache': US President Biden as California wildfires claim 24 lives
18 hours ago
Misuse of official vehicle; case filed against Chief Minister Atishi for violation of conduct rules.
18 hours ago
Are you someone who finds entertainment in Candy Crush and Tinder? If so, your phone could be hacked.
20 hours ago
Akshay Kumar, Paresh Rawal fly kites in clear sky on Makar Sankranti