The Global Market for Personality Assessment is Set to Grow by USD6.5 Billion by 2027- Care to know more

1. The Assessment is Set to Grow by USD6.5 Billion by 2027- Care to know more? Global Market for Personality Companies are criticizing the traditional personality assessment techniques that are being utilized by businesses across the world. - Some of these assessments are 100 years old and do not give accurate information regarding the candidate, which in turn hampers the productivity of the company. - Although the products claim that they are efficient in gaining insights about the behavior of the candidate, they do not give honest feedback regarding the impact that the candidate; will have on the business world. The global market in personality assessment has been increasing and is projected to grow by USD 6.5 billion by 2027. Personality assessments are a critical part of managing talent with the help of tools and research. The assessments are usually based on testing competency concerning management and decision-making. While traditional personality assessments are only focused on asking questions and allowing the candidate to show their skills on paper, the new personality test mainly uses advanced technology to test the candidate's skills. More than 80 million individuals worldwide complete personality tests, which are a part of recruitment, screening, training, or retention. Companies use this test even for the onboarding processes to ensure the candidate gets a positive experience. 80% Assessment of Fortune 500 Companies Use a Personality As the heading says, 80% of Fortune 500 companies use personality tests to understand the strengths and weaknesses of the candidates. It is also a myth that a personality assessment can only be used to hire upper-level positions. Most HR personnel use the test to understand candidates and place them in the correct department or roles. Big companies use tests like the DiSC Assessment, which gives insights regarding a candidate's personality traits and whether they will be dominant, influential, steady, or conscientious in the workplace. Is a Personality Test Accurate? A personality test like the DiSC Assessment has had its share of criticisms. To be accurate, its results must be dependable and consistent. It should produce similar results in the same conditions. Therefore while measuring a person's personality, we must gain accurate insights that a person will typically not exhibit in the interview. A personality assessment helps highlight the hidden strengths a candidate might possess and will otherwise not have a

2. chance to project during an interview. The insights given by the test will help recruiters understand if they exhibit the culture and the skills required by the company. Measure your company's productivity and then understand where the line is dropping. Understand your workforce’s motivations, expectations, and engagement with their job roles. All these factors are crucial to ensure your business thrives and reaches its goals. A personality test can be utilized to understand your company's work methods better.