It is a challenging time for HR leaders in all industry sectors. They thought their problems were over as the COVID-19 pandemic subsided. Then they found themselves dealing with a global talent shortage. Over four million people quit their jobs during the “Great Resignation” of 2021. As a result, HR professionals are struggling to find qualified candidates to fill critical job roles.
According to a Deloitte study, the U.S. economy has been moving toward a talent shortage for the past decade. Businesses worldwide adopted new technology and implemented digital transformation initiatives to maintain their competitive edge. Therefore, their needs changed, as did the required skillsets for many jobs.
This has caused a skills gap because applicants do not have the skills required for the available jobs. In short, job requirements and skills in demand have changed, but most employees’ skills have not.
The problem has become so acute that 71% of CEOs believe a skills shortage will be their most significant business challenge for the foreseeable future. Organizations such as Verizon, McDonald’s, Google, Wal-Mart, and Marriott International have invested billions in helping employees learn new skills, improve existing skills, and earn college degrees.
Changing needs and the recent upheaval in the hiring ecosystem have caused many organizations to rethink their talent acquisition strategies. Many have adopted employment assessment solutions such as the eSkill Talent Assessment PlatformTM so they can quickly identify top candidates and improve hiring outcomes.
What is the eSkill Talent Assessment PlatformTM?
The eSkill Talent Assessment PlatformTM is a comprehensive talent acquisition solution that allows HR teams to make hiring decisions based on quantifiable data instead of relying on possibly unreliable information candidates provide on resumes and applications.
In a 2020 survey by Checkster, a reference-checking company, 78% of all applicants admitted to lying on their resumes or exaggerating their qualifications. In contrast, employment test results instantly show which applicants have the required skills and experience.
The eSkill Talent Assessment PlatformTM provides hiring teams with all the tools they need to recruit top candidates, including:
When HR teams are asked why they like the eSkill Talent Assessment PlatformTM, most cite these benefits:
Employment Assessments Improve Hiring Outcomes
Organizations that want to find and retain good employees know that using employment tests is the best way to improve hiring outcomes. They also benefit by lowering hiring costs and decreasing time-to-hire. Businesses that use the eSkill Talent Assessment PlatformTM have reduced recruiting expenses by 70% and expedited time-to-hire by 60%.
Do you want to learn how employment assessments can help you improve hiring outcomes? Contact us to request a demo.