A clinical research company was interested in learning how psychological assessments were used in the human resources, recruiting, and hiring processes within organizations as a way to determine job fit and success probability for both candidates and current employees. They wanted to learn about other companies who offered these types of assessments and determined if their product could be competitive within the marketplace.
livingHR initially went through the client’s assessments and results to experience the process and report summaries. We conducted significant research on other companies (best in class vendors) who offered assessments related to hiring and internal employee development and, along with the client’s input, narrowed the group to select few to assess further. After determining criteria needed for our research, livingHR went through a very thorough process to learn about the individual assessments. They looked into specifics such as pricing, scientific evidence to support results, types of questions, summary and length of the outcome, recommendations to hire (or not), marketing and graphics, integrations, ease of use for the end user, and administration abilities.
End results and scores were organized and ranked using formulas to compare assessments and determine the differences specifically related to the client’s assessment product. The determination found that if our client’s product could be customized to fit the needs of organizations and human resources philosophies, it could bring a significant amount of success and open an entirely new market area with strong financial results.