AI is Here: Is Your Business Thriving or Surviving?
We have all seen firsthand the seismic shifts impacting our workplaces. The rise of AI is no longer a futuristic fantasy; it’s here, transforming how we operate and demanding a smarter approach to our most valuable asset – our people. In this muddled chaotic world having the best people that are the right job fit and have a strong cultural alignment is more critical than ever.
For too long, hiring and development decisions have relied heavily on personality tests, subjective interviews and gut feelings. While experience counts, in today’s insight-driven world, can we afford to leave such crucial decisions to chance? The answer, unequivocally, is no.
That’s where reliable valid robust psychometric assessments come in, offering objective insights that go beyond the surface. In fact, a study by the Society for Industrial and Organizational Psychology revealed that companies employing psychometric assessments witnessed a 29% increase in productivity and savings of approximately $1.7 million annually per 1,000 employees.
Let me share a story about a client of ours we’ve been working with for 12 months. This thriving SME distributor based in Sydney, like many businesses realised the importance of promoting leaders from within, upskilling their people and making successful hires.
However, like many businesses, they were grappling with these very challenges. Despite a dedicated HR team and experienced operational managers, they were enduring a plateau in growth and mismatches in their new recruits.
Having trialed GPI, the client decided to partner with us to implement our assessment technology, as they were impressed by our ability to:
- Precisely tailor assessments to their needs
- Delve deep into individual capabilities, personality traits, and values.
- Give their team simple tools to evaluate job fit and cultural compatibility
Following consultation we focused on 3 key areas:
- Identifying Future Leaders
By assessing key leadership competencies and potential within their existing workforce, our client was able to pinpoint high-potential employees who might have been overlooked through traditional performance reviews and gut feel alone. This allowed them to create targeted development programs, nurturing internal talent and ensuring a strong leadership pipeline for the future.
- Clear Understanding of Training Needs
Instead of broad, generic training programs, the assessment highlighted specific skill gaps and development areas within different teams. This enabled our client to tailor their training initiatives, investing resources where they would have the most significant impact on individual and organisational performance. The result? More engaged employees who felt their development was truly valued and relevant.
- Increased Hiring success
Finally, and perhaps most crucially, GPI assessments significantly improved their hiring success rate and early failure rate. By incorporating assessments into their recruitment process, they were able to use objective data to predict candidates’ suitability for specific roles and their alignment with the company’s culture. This went beyond the resume and interview, providing insights into how candidates were likely to perform and integrate within the team. The feedback was remarkable – new hires onboarded faster, were more productive from the outset, and demonstrated a stronger commitment to the company’s values.
Keeping Humanity in HR
This success isn’t unique. In an era where AI is transforming the very nature of work, understanding and retaining the human element is paramount. GPI assessments offer a powerful, data-driven approach to ensure you have the right people in the right roles, fostering a thriving culture and driving your organisation towards greater success.
It’s time to move beyond “gut feel” and embrace the tried and tested power of GPI psychometrics to build a resilient and future-ready workforce. Isn’t it time you explored how GPI assessment can help your business reach its full potential?
Learn more: www.greatpeopleinside.com.au