Pre-Employment Assessment Tools for Banking and Financial Services

This document is a guide that discusses the challenges and solutions associated with pre-employment assessment tools specifically for banking and financial service organizations. It outlines the unique difficulties faced by these organizations in attracting and retaining qualified talent, including limited talent pools, time-intensive evaluations, and high turnover rates. The guide emphasizes the importance of adopting innovative assessment tools that leverage predictive analytics and algorithms to enhance the hiring process. It details how these tools can provide a whole-person hiring approach, focusing not only on qualifications but also on candidates' social, behavioral, and cognitive attributes. Additionally, the guide highlights the significance of hiring criteria validation by experts, ensuring that assessment methodologies are scientifically sound and aligned with organizational needs. By implementing these strategies, organizations can improve their talent acquisition processes and make more informed hiring decisions.