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Talent assessment study 2016-17
The 2018 Talent Assessment Study highlights significant trends and challenges in hiring and retaining top talent, particularly emphasizing the importance of candidate experience and thorough skill assessments. The use of technology, including AI and big data, is transforming the talent acquisition landscape, leading to a substantial increase (114% year-over-year growth) in the adoption of talent assessment tools across various industries. Key trends include the focus on precise skill measurements, behavioral assessments, and an enhanced emphasis on learning and development to improve employee retention and job suitability.
Talent assessment study 2016-17
- 1. www.mettl.com Talent Assessment Study2018 Key Trends, Challenges and Best Practices to Hire and Retain the Top Talent
- 2. What's Changing in2018?
- 3. Candidate Experience Thorough Skill Assessment TALENT Talent Crunch High Demandfor High Skilled talent Top Trends in Talent Shortage of quality talent has put HRs and hiring managers on edge who are trying to discover new methods to attract and retain top talent
- 4. TECHNOLOGY Assessment Tools For TalentAcquisition Learning and Development Cognitive, Domain, Technical MCQs, Psychometric assessments, Simulations and Platforms usage is changing Talent Acquisition and L&D process and impact AI and big data for talent sourcing Simulations , hackathons and assessment centers for improving candidate experience Cognitive, Domain and Technical MCQs for accurate and thorough skill assessment Psychometric assessment for behavioral alignment and job suitability/ stability assessment
- 5. TRANSFORMATION Candidate Experience Thorough Skill Assessment Usage oftalent assessment tools is significantly enhancing candidate/ employee experience and skill assessment accuracy during Talent Acquisition and L&D process. Technology is transforming how talent is sourced, assessed, selected and retained
- 6. Three T’s Changingthe Organizational Paradigm in 2018 Technology Transformation
- 7. We believe AssessmentTechnology has the potential to tap the RIGHT talent and help you survive in the war against the 3T’s
- 8. Changing Landscape ofTalent Assessments 1292946, 81% 301269, 19% Assessment Usage Share Across Key Use Cases in 2017 Talent Acquisition L&D 139401 605118 744519 301269 1292946 1594215 114% 116% 114% 113% 114% 114% 115% 115% 116% 116% 117% 0 200000 400000 600000 800000 1000000 1200000 1400000 1600000 1800000 L&D Talent Acquisition Total Assessment Usage AssessmentUsageGrowthRate Numberofcandidates Assessment Usage Growth Across Key Use Cases from 2016 to 2017 2016 2017 Growth Fast adaptation of talent assessment tools across industries apparent from their 114% Y-o-Y growth in usage from 2016 to 2017
- 9. 565.6 ~ ~ 1309 132% 217% -52% -24% 157% 12% 49% 140% 60% -68% 186% 308% 341% -100% -50% 0% 50% 100% 150% 200% 250% 300% 350% 400% 0.0 10.0 20.0 30.0 40.0 50.0 60.0 70.0 80.0 Growthrate Numberofcandidatesin1000' Assessment Usage AcrossIndustries 2016 2017 Growth Top Industries Using Talent Assessments Top industries making use of assessments for Talent Acquisition and L&D are IT/ES, BFSI, Consulting, Manufacturing, Pharma, Automotive and Retail 84% 5% 2% 2% 2% 1% 4% Assessment Usage Across Industries in 2017 IT/ITES BFSI Consulting Manufacturing Pharma Retail Others
- 10. Assessment Tools &Trends
- 11. Top Assessment ToolsBeing Used by Key Industries 49% 105% 76% 34% 219% 165% 0% 50% 100% 150% 200% 250% 0 100000 200000 300000 400000 500000 600000 700000 800000 900000 1000000 Psychometric TechnicalMCQ Domain Cognitive Simulator Platform Growthrate Numberofcandidates Assessment Usage Growth from 2016 to 2017 2016 2017 Growth Usage of Platforms and Simulators has increased the most across key industries
- 12. 29% 94% 82% 28% 220% 204% 0% 50% 100% 150% 200% 250% 0 100000 200000 300000 400000 500000 600000 700000 800000 Growthrate Numberofcandidates Assessment Tool Usagein Talent Acquisition 2016 2017 Growth Top Assessments Tools Used for Talent Acquisition and L&D For Talent Acquisition, the top tools being used are Simulators and Platforms For L&D the top tools being used are Psychometric and Cognitive Assessments 780% 273% -36% 387% 197% 95% -100% 0% 100% 200% 300% 400% 500% 600% 700% 800% 900% 0 50000 100000 150000 200000 250000 300000 Growthrate Numberofcandidates Assessment Tools Usage Growth for L&D 2016 2017 Growth
- 13. Industries IT PharmaBFSI Retail Consulting Trend 1 Need for Frequent Content Upgradation Demand for Higher Logical and Analytical Skills Adoption of Technical Skills via Usage of Platforms Potential to increase performance through better L&D Programs Ensuring enhanced client experience through focus on psychometric assessments Trend 2 Precise Skill Measurement for Higher on-the-job Performance Increased focus on retention of employees through use of hands on assessment tools Focus on hiring candidates with higher IQ and analytical skills Extensive focus on Sales Readiness of Workforce Better Employee Retention by adoption of assessment tools during L&D Trend 3 Better Candidate Experience and Candidate Assessment through use of Hands-on Tools Developing a positive work culture by assessing employee behavior Better customer experience and work culture through behavioral assessments Low adoption of Psychometrics for building the right team Assessing real life skills through hands on assessment tools Top Assessment Trends Across Key Industries
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- 15. IT/ES Industry: AssessmentLandscape Overview -4% 103% 101% 29% 243% 191% -50% 0% 50% 100% 150% 200% 250% 300% 0 100000 200000 300000 400000 500000 600000 700000 800000 900000 Psychometric TechnicalMCQ Domain Cognitive Simulator Platform Growthrate Numberofcandidates Assessment Tools Usage in IT/ES industry 2016 2017 Growth Usage of Platforms and Simulators has increased the most overall 81% 19% Overall Assessment Tool Usage Use Case Wise in 2017 for IT/ES Industry Talent Acquisition L&D 2% 13% 2% 12% 7% 64% Overall Assessment Tool Usage in IT/ES Industry in 2017 Psychometric TechnicalMCQ Domain Cognitive Simulator Platform
- 16. IT/ES: Assessment ToolsUsage for Talent Acquisition Top tools being used: Platforms and Simulators Top Trends: Content Customization via Platforms Improving Candidate Experience via Simulations -4% 92% 102% 28% 247% 262% -50% 0% 50% 100% 150% 200% 250% 300% 0 100000 200000 300000 400000 500000 600000 700000 Psychometric TechnicalMCQ Domain Cognitive Simulator Platform Growthrate Numberofcandidates Assessment Usage in IT/ES Industry Talent Acquisition 2016 2017 Growth 3% 14% 3% 15% 8% 57% Assessment Tool Usage in IT/ES Industry for Talent Acquisition in 2017 Psychometric TechnicalMCQ Domain Cognitive Simulator Platform
- 17. IT/ES: Assessment ToolsUsage for L&D Top tools being used: Technical MCQs and Simulators -14% 272% -17% 101% 197% 90% -50% 0% 50% 100% 150% 200% 250% 300% 0 5000 10000 15000 20000 25000 Psychometric TechnicalMCQ Domain Cognitive Simulator Platform Growthrate Numberofcandidates Assessment Usage in IT/ES Industry L&D 2016 2017 Growth Top Trends: Skilling and certification requirement identification via Technical MCQs On-the-job skill proficiency assessment to identify high potentials via simulations 1% 66% 1% 8% 21% 3% Assessment Tool Usage in IT/ES Industry for L&D in 2017 Psychometric TechnicalMCQ Domain Cognitive Simulator Platform
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- 19. Pharma Industry: AssessmentLandscape Overview Usage of Domain based assessments and Simulators has increased the most overall -52% -100% 127% -53% 175% -50% -150% -100% -50% 0% 50% 100% 150% 200% 0 5000 10000 15000 20000 25000 Psychometric TechnicalMCQ Domain Cognitive Simulator Platform Growthrate Numberofcandidates Assessment Tools Usage in Pharma Industry 2016 2017 Growth 83% 17% Overall Assessment Usage Use Case Wise in 2017 for Pharma Industry Talent Acquisition L&D 83% 17% Overall Assessment Usage Use Case Wise in 2017 for Pharma Industry Talent Acquisition L&D
- 20. Pharma: Assessment ToolsUsage for Talent Acquisition Top tools being used: Technical MCQs and Simulators Top Trends: Subject matter expertise testing via Domain assessments Pharma Manufacturing skill assessment via Simulations -60% 0% 150% -59% 50% -58% -100% -50% 0% 50% 100% 150% 200% 0 5000 10000 15000 20000 25000 Psychometric TechnicalMCQ Domain Cognitive Simulator Platform GrowthRate Numberofcandidates Assessment Usage for Talent Acquisition in Pharma Industry 2016 2017 Growth 26% 0%0% 42% 0% 32% Assessment Tool Usage For Talent Acquisition in 2017 for Pharma Industry Psychometric TechnicalMCQ Domain Cognitive Simulator Platform
- 21. Pharma: Assessment ToolsUsage for L&D Top tools being used: Psychometric and Cognitive Assessments Top Trends: Behavioral profiling via Psychometric assessments IQ appraisal via Cognitive assessments 206% -100% -100% 411% 200% 124% -200% -100% 0% 100% 200% 300% 400% 500% 0 200 400 600 800 1000 1200 1400 1600 1800 2000 Psychometric TechnicalMCQ Domain Cognitive Simulator Platform Growthrate Numberofcandidates Assessment Usage for L&D in Pharma Industry 2016 2017 Growth 29% 0%0% 32% 1% 38% Assessment Tool Usage for L&D in 2017 in Pharma Industry Psychometric TechnicalMCQ Domain Cognitive Simulator Platform
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- 23. BFSI Industry: AssessmentLandscape Overview Usage of Psychometric and Platforms has increased the most overall 370% 88% -57% 207% 132% 232% -100% -50% 0% 50% 100% 150% 200% 250% 300% 350% 400% 0 5000 10000 15000 20000 25000 30000 Psychometric TechnicalMCQ Domain Cognitive Simulator Platform Growthrate Numberofcandidates Assessment tool usage in BFSI 2016 2017 Growth 96% 4% Overall Assessment Tool Usage Use Case Wise in 2017 for BFSI Industry Talent Acquisition L&D 29% 6% 1% 36% 4% 24% Overall Assessment Tool Usage in BFSI Industry for 2017 Psychometric TechnicalMCQ Domain Cognitive Simulator Platform
- 24. BFSI: Assessment Usagefor Talent Acquisition Top tools being used: Psychometric and Platforms Top Trends: • Behavioral integrity assessment via Psychometric • Ever Evolving technical skills assessment via usage of in-house content on vendor platform 424% 88% 199% 238% 132% 304% 0% 50% 100% 150% 200% 250% 300% 350% 400% 450% 0 5000 10000 15000 20000 25000 30000 Psychometric TechnicalMCQ Domain Cognitive Simulator Platform Growthrate Numberofcandidates Assessment Usage in Talent Acquisition in BFSI sector 2016 2017 Growth 30% 7% 0% 36% 4% 23% Assessment Tool Usage For Talent Acquisition in 2017 for BFSI Industry Psychometric TechnicalMCQ Domain Cognitive Simulator Platform
- 25. BFSI: Assessment Usagefor L&DTop tools being used: Psychometric and Platform Top Trends: Personality Risk Assessment via psychometric to prevent people with dark traits from getting into spoiling work culture Upskilling of technical workforce to keep up with the constantly upgrading and evolving technical skills 2% 0% -97% -14% 0% 9% -120% -100% -80% -60% -40% -20% 0% 20% 0 200 400 600 800 1000 1200 1400 1600 Psychometric TechnicalMCQ Domain Cognitive Simulator Platform Growthrate Numberofcandidates Assessments Usage in L&D in BSFI sector 2016 2017 Growth 20% 0%1% 31% 0% 48% Assessment Tool Usage for L&D in 2017 for Industry Psychometric TechnicalMCQ Domain Cognitive Simulator Platform
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- 27. Retail Industry: AssessmentLandscape Overview Usage of domain assessments has increased the most overall -74% 0% 22% -42% -93% -10% -100% -80% -60% -40% -20% 0% 20% 40% 0 2000 4000 6000 8000 10000 12000 14000 Psychometric TechnicalMCQ Domain Cognitive Simulator Platform Growthrate Numberofcandidates Assessment Tool Usage in Retail Industry 2016 2017 Growth 97% 3% Overall Assessment Usage Use Case Wise in 2017 For Retail Industry Talent Acquisition L&D 0% 4% 29% 37% 1% 29% Overall Assessment Tool Usage in Retail Industry in 2017 Psychometric TechnicalMCQ Domain Cognitive Simulator Platform
- 28. Retail: Assessment ToolsUsage for Talent Acquisition Top tools being used: Domain assessments Top Trends: • Sales readiness testing via Domain assessment -74% 0% 22% -43% -93% -11% -100% -80% -60% -40% -20% 0% 20% 40% 0 2000 4000 6000 8000 10000 12000 14000 Psychometric TechnicalMCQ Domain Cognitive Simulator Platform Growthrate NumberofCandidates Assessment Usage for Talent Acquisition in Retail Industry 2016 2017 Growth 0% 4% 30% 37% 1% 28% Assessment Tool Usage For Talent Acquisition in 2017 For Retail Industry Psychometric TechnicalMCQ Domain Cognitive Simulator Platform
- 29. Retail Industry: AssessmentTools Usage for L&D Top tools being used: Domain and Platform Top Trends: • Customizing content for each employee individually to achieve maximum ROI from L&D programs • Sales domain knowledge testing via Domain assessments 0% 0% 33% 0% 0% 6% 0% 5% 10% 15% 20% 25% 30% 35% 0 50 100 150 200 250 300 350 400 Psychometric TechnicalMCQ Domain Cognitive Simulator Platform Growthrate Numberofcandidates Assessment Usage for L&D in Retail 2016 2017 Growth 0%0% 1% 25% 0% 74% Assessment Tool Usage For L&D in 2017 For Retail Industry Psychometric TechnicalMCQ Domain Cognitive Simulator Platform
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- 31. Consulting Industry: AssessmentLandscape Overview Usage of Simulators and domain assessments are most common in consulting industry 221% 19% 209% 94% 876% 195% 0% 100% 200% 300% 400% 500% 600% 700% 800% 900% 1000% 0 2000 4000 6000 8000 10000 12000 14000 16000 Psychometric TechnicalMCQ Domain Cognitive Simulator Platform Growthrate Numberofcandidates Assessment Usage in Consulting Industry 2016 2017 Growth 43% 2%0% 32% 3% 20% Overall Assessment Tool Usage in Consulting Industry in 2017 Psychometric TechnicalMCQ Domain Cognitive Simulator Platform 99% 1% Overall Assessment Usage Use Case Wise in 2017 for Consulting Industry Talent Acquisition L&D
- 32. Consulting: Assessment ToolsUsage for Talent Acquisition Top tools being used: Platform and Simulators Top Trends: Assessing Problem Solving capabilities via Simulations Specific and unique skill assessment via usage of content that is highly customized for the job role, floated on vendor platform 218% 19% 209% 99% 876% 225% 0% 100% 200% 300% 400% 500% 600% 700% 800% 900% 1000% 0 2000 4000 6000 8000 10000 12000 14000 16000 Psychometric TechnicalMCQ Domain Cognitive Simulator Platform Growthrate Numberofcandidates Assessment Usage for Talent Acquisition in Consulting 2016 2017 Growth 43% 2%0% 32% 3% 20% Assessment Tool Usage for Talent Acquisition in 2017 for Consulting Industry Psychometric TechnicalMCQ Domain Cognitive Simulator Platform
- 33. Consulting: Assessment ToolsUsage for L&D Top tools being used: Psychometrics Top Trends: Job suitability assessment via Psychometric 0% 0% 0% -26% 0% -77% -90% -80% -70% -60% -50% -40% -30% -20% -10% 0% 0 50 100 150 200 250 300 Psychometric TechnicalMCQ Domain Cognitive Simulator Platform Growthrate Numberofcandidates Assessment Usage for L&D in Consulting 2016 2017 Growth 38% 0%0%47% 0% 15% Assessment Tool Usage for L&D in 2017 for Consulting Industry Psychometric TechnicalMCQ Domain Cognitive Simulator Platform
- 34. Talent Assessment Tools:Solution to Major HR Challenges Chief challenges that HR’s and hiring managers are facing: Solution Unique skill identification for each job role Use highly customized competency framework mapped for each job role individually. Reducing Candidate backing out rate after selection Significantly improve candidate/employee experience during Talent Acquisition and L&D processes by assessing skills via simulations, hackathons and assessment centers. Assessing skills thoroughly Make use of accurately benchmarked, normed, validated and customized cognitive, domain, psychometric and technical assessments for precise skill, IQ, aptitude and behavioral assessment. Ensuing maintenance of a positive and healthy work culture Deep dive into each employee’s dark and bright side personality constructs with the help of personality assessments/ dark personality assessments to identify potential troublemakers in order to safeguard work culture, customer safety and company image. Keeping employees productively engaged to retain top talent Significantly increase the productivity (ROI) and creative aspects of L&D program by efficiently identifying re-skilling/ up-skilling requirements in existing employees via usage of talent assessments to help them succeed in their career paths. Building a strong succession pipeline Objectively assess skill gaps and proficiency levels in each employee via usage of customized talent assessments that accurately points out high performers who can be a part of the succession pipeline.
- 35. How Mettl canHelp Mettl is the leading provider of talent measurement solutions, trusted by more of the 1500+ clients across the globe. Find out how Mettl can drive growth and help you find the winning team intrinsically or extrinsically. Ask a Mettl expert how we can help: +91-9555-11-4444 contact@mettl.com