October 08, 2009 08:59 ET

A Penny for Their Thoughts: Pre-Employment Testing on a Budget

MONTREAL--(Marketwire - October 8, 2009) -

How much does turnover cost? Add:

-- Time spent on interviewing, hiring, and orientation

-- Training -- time spent by the new hire and the trainer

-- Exit interview

-- Severance

-- Money needed to attract, re-hire, and re-train a new candidate

Or you can just use turnover cost calculators found online. Yes, the problem now warrants its own software to calculate. So if you cannot afford to waste resources, what can you do to hire the right people? Put job candidates to the test with pre-employment assessments from PsychTests.

PsychTests -- Your mind connection

Although PsychTests recently re-launched its website, the company is an online testing veteran. PsychTests has been performing online assessments since1996, and is considered a pioneer in the field. With hundreds of tests developed, more than a hundred million visitors, and many high profile clients, PsychTests has taken the lead as the web's resource for understanding the human psyche.

PsychTests is helping HR managers answer questions in a comprehensive, convenient, and cost-effective manner.

-- Does the candidate have the traits of an entrepreneur, salesperson, negotiator, or franchise owner?

-- Would she make a good caregiver, IT professional or administrative assistant?

-- Will he bump heads with employees because he doesn't have strong managerial qualities?

"Many small and medium businesses are reluctant to use assessments because they think it will cost thousands of dollars. That's a misconception," says Dr. Ilona Jerabek, the president of PsychTests. "Sure, you can hire a psychologist to run tests and do personal evaluations for that kind of money, and it may well be worth it for top level positions. However, you can get a lot of that insight from a $30 test and save thousands of dollars by preventing bad hires."

PsychTests' services are invaluable in HRM, but their expertise expands far beyond. PsychTests is involved with sports psychology, providing MLB scouts with a scientifically validated assessment to help them draft psychologically strong players. PsychTests also provides several online dating sites with their tour de force, MatchScale, a compatibility matching system. PsychTests has provided insight to readers of many national and international magazines, visitors of MSN, Psychology Today, Discovery Health, and many more.

Validity and reliability -- more than just psychological mumbo jumbo

PsychTests' assessments comply with American Psychological Association standards, EEOC requirements, and undergo rigorous statistical analysis and in-depth research. For over a decade, PsychTests has been a trendsetter in online testing in terms of quality, test selection, and high standards for ethical use of online assessments.

Insight at your fingertips -- and on a budget

Testing job candidates results in better hires, lower turnover, and happier, loyal employees. PsychTests is cost-effective for large and small businesses -- the program pays for itself just by optimizing the hiring process. Make the most of your human capital investment -- let PsychTests put your money where the mind is.

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