The Commercial Reality of Psychometrics
The commercial application of psychometrics is often misunderstood.
Do Psychometric Assessments Pay Off?
Let us count the ways:
A review of 25 studies quantified the commercial benefits of psychometrics:
- The average Return On Investment was $26.30 for every $1 invested
- The average reduction in early failure rate was 46%
- The average reduction in employee turnover was 47%
- The average reduction in employee turnover in Sales Department was 71%
- In all cases where assessments were used within the sales team, sales increased.
- The average reduction in employee turnover by using psychometrics was 60% and the ROI was $33.33 for every dollar invested
By reducing risk for employers, Cornerstone Executive Assessments pay off in the short and long term.