Use Cognitive Aptitude Tests to Hire Top Management Talent
According to Dr. Bradford Smart, author of Topgrading, the estimated cost of a bad managerial-level hire can range from 5 to 27 times the amount of the employee’s salary.
When translated into dollars and cents, that means the average cost of a mis-hire of a manager earning $100,000/year is $1.5 million and the average cost of a mis-hire for a sales representative earning the same amount is $560,000. That is why organizations use cognitive aptitude tests.
Cognitive aptitude measures general intelligence and is an excellent and accurate predictor of job performance for mid-and senior-management level jobs. This is because employment aptitude tests assess qualities that are critical to managerial-level positions such as:
- Problem-solving abilities
- Critical thinking skills
- Attention to detail
- Ability to learn and apply new information
Studies show that candidates with high scores on cognitive aptitude tests excel at adapting to dynamic work environments, are capable of learning new skills quickly, and are typically excellent decision-makers.
Therefore, it is not surprising that research shows that cognitive aptitude tests are better indicators of success than job interviews, experience, and education.
"At LG Electronics, we believe that pre-employment assessment is now a must-have to ensure that each shortlisted candidate possesses the required skills necessary for the post. So we researched the various products on the market, and chose eSkill. eSkill is a comparatively powerful assessment tool that helped us in assessing & comparing candidates’ skills to select the best one."
Islam Naguib, Recruitment Officer