Risk of Ignoring Competency Assessment
Giving up on competency assessment can have serious business consequences.
High turnover
The main aim of conducting competency assessment is to make sure that you hire the most suitable candidate.
- Those who possess the technical skills to perform the job to a certain standard.
- If you fail to incorporate competency based assessment in your recruitment, you might end up with under qualified or overqualified candidates
Longer & more costly recruitment process
Recruitment is a time-consuming and expensive process if done without proper assessments.
- You have to verify both soft and hard skills.
- You have to involve a lot of people like HR, developers, team leaders, etc.
- If you spend a lot of time conducting in-person interviews to check the culture fit without verifying candidates’ tech skills first, it’s time wasted.
- Start with competency assessments and only invite suitable candidates to in-person interviews.
Poor reputation
- The business world is not as large as it might seem.
- And the topic of high employee turnover is frequently discussed.
- It can create a poor reputation and negatively impact candidates’ willingness to apply for work at your organization.
Lack of talent development opportunities
Employees play a crucial role as the driving force behind organizational growth.
- Regular skills assessments are essential to understand the current abilities within the team and identify any gaps.
- Providing opportunities for employees to develop new skills is vital for their continuous growth.
- Lack of skill development can lead to employee demotivation, particularly among those who are eager to learn.
- Neglecting skills assessments and development not only demotivates employees but also hinders overall business growth.
Lower employee morale
Let’s return to the above-mentioned scenario.
- High turnover usually has a bad impact on employee morale.
- Not only do other team members get upset about losing their colleagues but they’re also overworked as often, they end up taking over some of their responsibilities.
- Additionally, as more people quit their jobs, it might lead to a snowball effect