The ROI of Pre-Employment Assessments

The ROI of Pre-Employment Assessments eBook Cover

In this eBook, you'll learn the following:

  • How to define and calculate return on investment (ROI) 
  • 6 ways to calculate and track ROI for employees, from the new hire stage to long-term employees  
  • Real world examples of the impacts assessments have on teams and the bottom line
  • 82% of organizations are using assessments of some form in the hiring process
  • And more!

The ROI of Pre-Employment Assessments

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Why Use Pre-Employment Testing?

Did you know that 82% of organizations are using assessments of some form in the hiring process? By using scientifically validated, evidence-based assessments to inform their hiring decisions, best-in-class organizations are able to drive bottom-line value from the hiring process up. 

In the ROI of Pre-Employment Assessments eBook, you’ll learn how using assessments in the hiring process can lead to ROI beyond just the hiring process itself, from the new hire stage to on-the-job performance and long-term retention. 

Getting the hiring process wrong can be incredibly costly and debilitating for teams. Assessments address these and other recruitment and retention pain points, such as:  

  • Average Cost per Hire is about $4,700. While assessments are a financial investment, a well-designed testing program will lead to cost-savings for an organization in the long-term. Within the hiring process itself, assessments can immediately reduce Cost per Hire by reducing Time to Hire. 

 

  • 46% of new hires fail within 18 months. Assessments help improve training completion and ramp-up time because they can identify candidates who are trainable and able to learn quickly. 

 

  • It takes on average 12 weeks (about 3 months) for a new hire to become fully productive at work. Assessments lead to better job performance by increasing the quality of hire that is coming in through the door. By assessing job candidates on their general aptitude (ability to do the job) as well as their personality fit (ability to be comfortable and content in the role), assessments increase your batting average with each new hire. In time, assessments help to increase the proportion of top performers that make up the team. 

 

Plus, Criteria’s assessments reduce turnover by 48% on average, in high turnover environments. 

Download the 2023 ROI of Pre-Employment Assessments eBook to learn how to evaluate spend, identify long-lasting and high-quality employees, and ultimately save money on the hiring process today.