Psychological Assessment Is A Key Tool In Executive Selection
ST. PETERSBURG, FL (February 27, 2007) – Three-quarters of organizations recently surveyed by the Institute for Corporate Productivity (i4cp – formerly HRI) said that they use psychological assessments for executive selection and development or are considering adopting an assessment system. Of the 180 organizations responding to the survey, conducted in conjunction with HR.com, 58.3% currently use assessments, while another 16.7% are considering implementing them.
“Organizations are placing an increased focus on the development and selection of key talent,” said Jay Jamrog, Senior Vice President, Research at i4cp. “Accurately identifying high-performing leaders is critically important when it comes to managing through change in an increasingly competitive global environment. The results of this survey clearly show that organizations are recognizing the demands placed on executives and are using the right tools to assess a leader’s abilities to withstand the pressures of high-level jobs.”
The i4cp survey also revealed that assessments are used most commonly for selection and development (66.4%), and roughly half (51.8%) of surveyed organizations assess candidates for virtually all management and supervisory positions.
Additionally, more than half of the companies (52.2%) utilize psychologists from outside the company to administer assessments, and the vast majority employ a mix of tests and interviews (64.4%) or comprehensive “assessment centers” (43.5%).
For more information about this study, or to receive a full copy of the results, please contact Greg Pernula at (727) 345-2226.
About i4cp, inc.
Building on the 35-year history of its predecessor, the Institute for Corporate Productivity (i4cp, inc.) improves corporate productivity through a combination of research, community, tools and technology focused on the management of human capital. With more than 100 leading organizations as members, including many of the best-known companies in the world, i4cp draws upon one of the industry’s largest and most experienced research teams and executives-in-residence to produce more than 10,000 pages annually of rapid, reliable and respected research and analysis surrounding all facets of the management of people in organizations. Additionally, i4cp identifies and analyzes the upcoming major issues and future trends that are expected to influence workforce productivity and provides member clients with tools and technology to execute leading-edge strategies and “next practices” on these issues and trends. i4cp is a for-profit company with offices in St. Petersburg, FL.