Top 10 Talent Assessment Tools to Avoid Expensive Bad Hires in 2023

Written by Sheu Quen

10 minute read

Best Talent Assessment Tools in 2023

Talent assessments offer valuable insights to HR teams about their candidates and improve talent decision-making. In our article, we have listed the top 10 talent assessment tools and how to choose one when searching for your assessment needs. We will also explore the benefits of talent assessment tools and the best practices to follow.

Introduction

Assessing talent accurately in today’s competitive job market is crucial for companies to make informed decisions about their workforce. To simplify the selection process, we have compiled a comprehensive list of the 10 best talent assessment tools available globally. 

These tools offer diverse features and methodologies to evaluate candidates’ skills, personality traits, and potential. Whether you are looking to enhance recruitment, development, or succession planning, these top talent assessment tools can provide valuable insights to optimise your talent processes. 

74% of companies that use talent assessments report being more competitive in attracting and retaining top talent compared to their counterparts who don’t use assessments.

Our Top List of 10 Talent Assessment Tools

Name Tools Offered 
Accendo Graduate Programme, Recruitment Solution, Sales Hiring, Game-based Assessments, Psychometric Assessments, Simulations 
Criteria Cognitive Aptitude, Personality, Emotional Intelligence, Risk, Skills, Video Interviewing, Game-Based Assessments 
ExpertRating Pre-Employment Testing, Certifications 
Harrison Assessments (Talent Acquisition, Talent Development, Leadership Development, Organisational Development) 
Hogan Talent Acquisition Assessments, Talent Development Assessments 
Korn Ferry Assessment & Succession Planning, Talent Acquisition 
Mettl Online Assessments, Online Examinations, Hiring, Learning & Development 
Talent Plus TalentBank, TalentMine, Talent Online Assessments, Talent+Hire, Applicant Tracking System 
Test Gorilla Assessments 
Wheebox Psychometric Assessments, Cognitive Assessments, Technical Assessments, Job Role Assessments 

Unlocking Hiring Excellence with Accendo’s Comprehensive Talent Assessment Features

In the pursuit of organisational excellence, Accendo’s robust talent assessment features offer a transformative approach to talent assessments.  

Accendo’s Individual Development Plans align employees with tailored developmental pathways, automating plans to bridge gaps and suggesting role-specific learning trajectories. This collaborative tool seamlessly integrates with learning content and management systems, spotlighting strengths, addressing development areas, and tailoring plans for current and future roles. 

Skills Taxonomy and Role Management redefine job profiling by going beyond technical skills. With a repository of over 3,000 talent profiles, industries, job families, and proficiency levels, Accendo’s TalentPulse facilitates nuanced job descriptions and aligns skills with current and future business needs. Proficiency-based evaluation enhances precision, ensuring talents are optimally matched with roles. 

Role Management
Role management

Talent Analytics provide a data-driven compass, aligning talent with strategic objectives. It facilitates fit-to-hire evaluations, skills and competencies assessment, identification of top performers, and talent risk management. The tool is invaluable for succession planning, talent-role alignment, and nurturing career paths that align with both individual aspirations and business requirements. 

Reporting dashboard
Reporting dashboard

Talent Strategy enables businesses to craft dynamic succession plans, build ideal candidate profiles, and assess role fit. Utilising diverse assessment tools, including behavioural, cognitive, and psychometric assessments, Accendo ensures meticulous candidate evaluation. This strategy also extends to HiPo development, leveraging the 9-box grid approach for leadership identification and nurturing.  

Talent Strategy
9-box plot chart

Success Story

Recruitment

Take a look at the remarkable impact this leading Asian bank experienced when using Accendo’s assessment tools to enhance its talent assessment process and improve its talent pool quality.

Why Top Leaders Choose Accendo’s Talent Assessments

Managing multiple assessments can be challenging for organisations. TalentPulse, Accendo’s talent intelligence platform provides organisations with a single powerful feature – an Assessment Marketplace – a single platform that simplifies and enhances the assessment process. 

The Assessment Marketplace also provides organisations a comprehensive and integrated solution for their talent assessment process, while enjoying full access to a wide range of assessments from various trusted providers. These assessment tools include: 

  • Cognitive assessments (Raven’s): Assess individuals’ reasoning, problem-solving, and critical thinking skills to evaluate their intellectual potential and aptitude for complex tasks. 
  • Psychometric assessments (Revelian, Aon, and Hogan): Measure personality traits, attitudes, and psychological characteristics to gain insights into candidates’ behavioural preferences, motivations, and values. You may wish to read this blog on top psychometric tools here – Top 20 psychometric tools in 2023
  • Behavioural assessments: Evaluate individuals’ behavioural competencies and skills relevant to specific job roles, such as leadership, teamwork, communication, problem-solving, and decision-making.
  • Business simulations (Knolskape): Simulate real-life business scenarios and challenges to assess candidates’ business acumen, strategic thinking abilities, and decision-making skills in practical settings.
  • Functional and technical assessments (ExpertRating): Assess individuals’ proficiency in specific technical or job-related skills, such as coding, data analysis, project management, language proficiency, or customer service.
  • Graduate hiring: Tailored assessments designed to evaluate the skills, knowledge, and potential of recent university graduates for entry-level positions. 

Organisations that use talent assessments achieve a 39% higher accuracy in predicting candidate job performance.

Here are five reasons why you should use an assessment marketplace

  • Eliminate multiple assessment vendors – Handling all your assessments through a single platform eliminates the need for separate contracts, vendor negotiations, and multiple integration processes. 
  • Consistency in the evaluation process – Establishing standardised assessment protocols and applying them uniformly across different roles and departments reduces biases and enhances the objectivity of the evaluation process. 
  • Access to a diverse pool of assessments – You can select the most relevant assessments that align with the specific job requirements to ensure meaningful insights into your candidates’ capabilities and make informed talent decisions. 
  • Flexibility, scalability, and adaptability – As your organisational needs evolve and new roles emerge, the platform allows you to easily integrate new assessments or modify the existing ones. 
  • Powerful analytics and reporting capabilities – The platform aggregates assessment data from various providers and presents it in a unified dashboard, allowing your hiring managers to gain holistic insights into candidate performance.

Six Effective Talent Assessment Methods for Recruitment

Talent Assessment

When it comes to recruitment, implementing effective talent assessment methods is vital to identify the most qualified candidates. Let us dive deeper into the six categories of assessment methods.

1. Cognitive ability tests

These tests measure an individual’s mental capabilities, such as logical reasoning, problem-solving, and numerical aptitude. They provide valuable insights into a candidate’s ability to analyse information and make sound decisions. 

2. Situational judgment tests

These tests present candidates with realistic workplace scenarios to assess their judgment, problem-solving skills, and decision-making abilities. It helps evaluate how candidates would handle different situations they might encounter in the job role. 

3. Job simulations

This method replicates real-life work situations, allowing candidates to showcase their skills and abilities in a practical setting. These assessments provide a glimpse into how candidates would perform on the job and help assess their suitability for specific roles. 

Organisations that use talent assessments are 56% more likely to identify and develop high-potential employees.

4. Emotional intelligence assessments

These assessments focus on evaluating a candidate’s emotional intelligence, including self-awareness, empathy, interpersonal skills, and emotional management. They can help you to identify individuals who possess the essential qualities for effective communication, teamwork, and leadership. 

5. Personality assessments

These assessments evaluate a candidate’s personality traits and behavioural tendencies. They provide insights into an individual’s preferred work style, interpersonal dynamics, and potential culture fit within the organisation. 

6. AI-powered video interviews

These interviews utilise artificial intelligence (AI) algorithms to assess candidates’ video responses. The AI analyses facial expressions, vocal tone, and verbal content to gauge candidates’ communication skills, confidence, and suitability for the role. 

The Benefits of Talent Assessment Tools

talent assessement tools
Talent assessments offer valuable insights to HR teams about their candidates and improve talent decision-making.

Creating a seamless process may seem daunting but it is worthwhile. According to a 2015 study by the Aberdeen Group, 

Companies using technology-based pre-hire assessments experienced a 39% lower employee turnover rate.

At the same time, assessments can help identify skill gaps within the organisation and inform targeted training and development initiatives. Closing skills gaps can improve productivity and efficiency while reducing the need for external hiring or outsourcing.

Here are the reasons why using talent assessment tools will be advantageous to your organisation. 

Benefit Description 
More objective hiring decisions Talent assessment tools help to evaluate candidates based on standardised criteria, reducing the influence of subjective biases. This enables companies to make more accurate and unbiased hiring decisions. 
Promote employee development Assessments aid in identifying individual strengths, areas for improvement, and development needs. This enables targeted training and development programs, fostering the growth and advancement of employees within the organisation. 
Improve workforce mobility Talent assessments can highlight employees’ transferable skills, potential for different roles, and readiness for promotions. This promotes internal mobility, enabling organisations to leverage existing talent effectively and reduce external hiring costs. 
Reduce bias in hiring decisions Using standardised assessment methods allow organisations to mitigate biases based on gender, race, or other protected characteristics. This leads to fairer and more equitable employment decisions, fostering a diverse and inclusive work environment. 
Enhance business performance By selecting candidates with the right skills and fit for the role, talent assessments contribute to improved job performance, productivity, and overall business outcomes. Companies can align their talent strategies with their business goals more effectively. 
Improve candidate experience Talent assessments provide candidates with a chance to showcase their skills and capabilities, enhancing their engagement and experience throughout the recruitment process. It demonstrates a commitment to fair evaluation and promotes a positive employer brand. 
Boost process efficiency Talent assessment tools streamline and automate the assessment process, saving time and effort for your HR teams. The ability to efficiently evaluate large candidate pools allows for faster and more efficient decision-making. 

The Best Practices to Follow in Tool Selection

Selecting the right talent assessment tool is imperative for your HR teams to effectively evaluate candidates and optimise their talent processes. With a wide range of options available, it is important to follow best practices to ensure a successful tool selection. 

1. Identify what needs to be measured

Start by clearly defining your objectives and identifying the metrics you need to measure. If you are looking to measure specific behaviours, you might consider using psychometric tests. If it is knowledge or skill efficiency, you might consider using technical assessments. 

2. Customise and contextualise outputs

Look for tools that allow you to customise the outputs according to your specific needs. Different companies have different reporting requirements, so it is important to have flexibility in terms of data visualisation, report formats, and the ability to tailor the outputs to your stakeholders’ preferences. 

3. Consolidate when multiple tools are unavoidable

In some cases, you may need to use multiple assessment tools to cover all your measurement needs. It is advisable to use between 3-5 tools to avoid data fragmentation and inefficiencies. Find a tool that can consolidate multiple functionalities or integrate well with other tools in your tech stack 

4. Pilot testing

Conduct a pilot test of the tool on a smaller scale or for a limited time to evaluate its performance and ease of use to assess its functionality and suitability for your requirements. Pilot testing allows you to uncover any limitations, helping you make an informed decision about whether the tool is the right fit. 

5. Assessments data interpretation

Evaluating a tool’s data interpretation capabilities includes analysing its machine-learning algorithms or visualisation options. The tool should provide features that enable you to gain meaningful insights from the data it collects. Look for tools that offer advanced analytics, data segmentation, and other relevant functionalities that align with your specific analytical needs. 

Companies that don’t utilise talent assessments experience a 50% higher average cost per hire due to increased turnover and low productivity.

Key Actionable

Talent assessments not only drive precise hiring decisions but also effectively address cost reduction and attrition while fostering robust organisational growth. These evaluations identify individuals with the required skills and possess the potential to drive innovation and adaptability. In contrast, the cost of a bad hire extends beyond monetary aspects, adversely impacting productivity, morale, and reputation.  

To facilitate your transformative journey, Accendo seamlessly integrates advanced methodologies for assessing essential skills and soft traits that are crucial for success within your organisation. 

Through TalentPulse, Accendo’s cutting-edge talent intelligence platform, you gain the ability to make well-informed hiring choices based on data-driven insights, effectively managing your graduate hiring process and optimising talent pipeline development. These drive increased productivity, reduced attrition, and sustained organisational expansion while simplifying the management of these crucial processes. 

Assessments

Frequently Asked Questions (FAQ’s)

What are the core elements of talent assessments? 

Talent is an individual’s natural ability or skill that comes from the following core elements – behavioural preferences, behaviour in action, and behaviour in context – which are assessed by HR to fit a specific job role. 


Where are talent assessments used?

Some of the areas where talent assessments can be used are in talent acquisition, talent management, succession planning, HiPo identification, leadership development, and career pathing.


What is the difference between an assessment marketplace and an individual assessment provider?

An assessment marketplace operates as a single vendor for multiple tools with a single procurement process. While an individual assessment provider is a single vendor that carries individual assessments of different specialisations. 


What is a talent assessment framework?

A talent assessment framework provides a comprehensive structure for conducting talent assessments. It outlines the key components to consider when assessing individuals, such as their knowledge, skills, abilities, personality traits, and growth potential. The framework helps organisations standardise their assessment processes and ensure consistency and fairness in evaluating talent across different roles and levels.


What are the talent assessment tools for succession planning?

Succession planning uses talent assessment tools such as competency-based, leadership, behavioural, performance, and development assessments. These tools identify potential successors, assess their readiness for higher-level roles based on competencies, behaviors, and past performance, and pinpoint development needs for targeted training.


What are the talent assessment tools for store managers?

Talent assessment tools for store managers include retail knowledge assessments, leadership evaluations, situational judgment tests, and behavioural assessments. These tools identify individuals with the right skills, leadership potential, and fit for the role. Role-play exercises may also be used to observe candidates’ performance in real-world scenarios.

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