75% of The Times Top 100 companies and 70% of UK companies with over 50 employees use psychometric testing* as part of their recruitment process. But how important is psychometric testing for hiring senior real estate talent?
There are three key success factors when hiring a board-level executive:
According to Hogan Assessments, ‘Leadership is the ability to build and maintain a team that performs well relative to its competition'**. Psychometric testing helps you understand a candidate’s aptitude for inspiring others, communication, management style, problem solving abilities, judgement and how their personality aligns with your organisation’s culture? Ultimately, the goal is to secure someone who creates an environment that positively influences team effectiveness.
As well as securing a candidate that will optimise the team they will lead, there are other reasons to use psychometric testing.
As well as supporting the selection and decision-making process for senior hires, we have also used psychometric testing to aid succession planning efforts, identifying future leaders already within the organisation.
Thomas International, a provider of psychometric assessment tools, deems it critical that leaders model their company’s values***. Workplace Personality Assessments will reveal innate personality preferences, their underlying motivations and how these will show in the work environment. We then map the candidates’ preferences against our client’s values.
We work with clients to secure the best senior real estate talent, using our in-depth understanding of the industry. Interviews combined with a candidate’s track record and reputation will encompass the bulk of the selection process, but psychometric testing helps to identify those essential character traits and competencies for leaders.
If you’d like to find out about our psychometric testing services, please do get in touch.
***Recruiting Leaders: 5 key risks in leadership recruitment and how to mitigate them. Thomas International 2022