In the ever-evolving realm of Human Resources, where people are the heart of an organization, the importance of strategic HR assessments cannot be overstated. These assessments are the compass that guides businesses toward understanding their talent, optimizing their workforce, and fostering a culture of continuous improvement.
The worldwide human resource assessment market was valued at USD 19.38 billion in 2021 and will grow at a CAGR of 12.8 percent between 2023 and 2030. This surge in market demand results from businesses’ greater use of technology in HR processes to create more flexible and effective ways to recruit, engage, and retain top people by employing clear metrics.
Gone are the days of one-size-fits-all performance evaluations. Modern HR assessments are strategic instruments that delve into multifaceted dimensions. From competency assessments to psychometric tests, these tools empower organizations to make informed decisions about hiring, training, succession planning, and more.
The power of HR assessments lies in their ability to generate valuable data. This data, when analyzed comprehensively, provides actionable insights for strategic decision-making. Predictive analytics derived from assessments can help anticipate skills gaps, address turnover risk, and align talent with business goals.
This edition of Manage HR delivers a bird’s-eye view of recent developments in the HR assessment arena and insights into how organizations can align with these trends and adopt new ways to replace legacy practices.
We have curated thought leadership articles from industry experts, including Henrik Ekengren, Regional HR Director, Business Area Nordics at ASSA ABLOY Group, and Brian Gold (Altgold), Head of Learning and Organizational Development at Gallagher.
We also took a deep dive into market trends to narrow down the list of companies delivering innovative HR assessment solutions and services. Equipped with innovative capabilities, companies like Competitive Edge and Zenger Folkman help transform businesses at the cloverleaf of various disruptive technologies.
We hope this edition of Manage HR featuring top HR assessments solution and service providers will help you identify and build the partnership you and your organization need to succeed.