Both large and small companies are expanding their use of evaluation tools in pursuit of greater company success and profitability. CPP’s Jennifer Overbo explains why companies are likely to use assessments, especially those with global operations. Below is an excerpt.
The Aberdeen research report found that companies are including assessment tools in their efforts to identify high-potential talent, to develop workers' interpersonal and leadership skills and to set performance goals for their workers.
Businesses with global operations are especially likely to utilize assessments, says Jennifer Overbo, who is director of product strategy for CPP Inc., the publisher of the Myers-Briggs Type Indicator. The benchmark tool, she says, is used by 89 of the nation's Fortune 100 companies.
"One of the trends that we're seeing is that there is a much more connected workplace," Overbo says. "Companies are trying to expand globally, so there's even a greater need to understand the individuals that you are working with, who you are bringing onboard and what their path may be in the organization."
Some organizations also are broadening how they use Myers-Briggs Type Indicator. "Before, they may have used it just for team development. Now, they're using assessments to really grow leaders, to bring teams together around strategic planning and innovation, and looking to create clear career paths," Overbo says.
In its report, Aberdeen found that about 75 percent of high-performing companies can directly attribute positive changes in revenue or profitability to their assessment strategies.
Read “Further Assessment: More Companies Using Evaluation Tools to Identify Future Leaders and More.”
Download the Aberdeen Group’s report, “Assessments 2012: Predicting Productivity and Performance.”