Use Cognitive Aptitude Tests to Hire Top Management Talent
According to Dr. Bradford Smart, author of Topgrading, the estimated cost of a bad managerial-level hire can range from 5 to 27 times the amount of the employee’s salary.
When translated into dollars and cents, that means the average cost of a mis-hire of a manager earning $100,000/year is $1.5 million and the average cost of a mis-hire for a sales representative earning the same amount is $560,000.
Cognitive aptitude tests assess qualities such as problem-solving, and critical thinking that are important in managerial-level positions
Studies show that candidates with high scores on cognitive aptitude tests excel at adapting to dynamic work environments, are capable of learning new skills quickly, and are typically excellent decision-makers.