Nearly two third of major companies in Australia use psychometrics in the hiring process as an indicator of candidate competency.
But perhaps not for long.
Instead of personality tests they use role play actors to simulate an actual ‘day in the life...’ And the results are impressive. First testing results show that this working method leads to an increase in retention because it demonstrates more effectively if you have the right candidate.
And the knife cuts both ways:
It allows candidates to experience what a day in the life of this new job actually feels like.
How much cheaper?
Well, hold on to your seat:
The Australian Department of Employment currently estimates that the average cost of a bad hiring decision can equal 30% (!) of the individuals first year potential earnings.
That means a single bad hire with an annual income of $75.000 can equal a potential $22.500 loss for the employer!
We are happy to tell you more.