The global corporate assessment market is estimated to grow a considerable CAGR during the forecast period (2019-2025). The several benefits offered by the use of corporate assessment tools including flexibility, scalability, and better talent acquisition and retention over the traditional hiring process is a major factor to promote the global corporate assessment service market growth. Nowadays the corporate assessment tools for assessment of suitable employees from a pool of applicants are available in many shapes and sizes. The screening tools, online tests & inventories, and interviews are the major assessment tools available in the market.
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With the rise in the number of multi-national across the globe, the ability of corporate assessment tools to offer a competitive advantage in the corporate world is a major benefit of the corporate assessment tools. To get the best fit for the job role the large multi-nationals are highly involved in investing a hefty amount of money in the recruitment process. As the use of such tools can facilitate the companies to select a suitable employee, the selection of suitable employees enables the organizations to increase their productivity.
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The use of online tests for corporate assessment equips the companies with valid assessments to increase their degree of reliability. Moreover, the corporate assessment tools enable companies to evaluate the targeted employee across the globe. In addition, the use of these tools allows the companies to use resources that are not available in paper tests such as filming, recordings or 3D animations. The advent of Augmented Reality and Virtual Reality testing candidates for filling niche roles becomes easier. To meet the changing requirements of corporate, the major provider of these solutions is offering a range of services that are required in different phases of employee recruitment process ranging from pre-hire, post-hire, talent development, training, and then promotion.
Key Market Trends Covered in the Market Report
- North America is anticipated to hold considerable market share during the forecast period.
- Asia-Pacific is anticipated to showcase considerable growth during the forecast period.
- Increasing multi-nationals to drive the global corporate assessment service market.
Global Corporate Assessment Service Market- Segmentation
By Type
- Psychometric Tests
- Aptitude Tests
- Domain Tests
- In-Person Interview
- Others
By Application
- Recruitment of Frontline Employee
- Recruitment of Managers
- Internal Assessment and Promotion
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