Hiring visionary leaders and executives for a company is a challenging task. In this highly dynamic and competitive business world, a slight wrong move could cost your organization a lot. So finding the right talent or executive-level individuals for your company is an immense undertaking.
When it comes to executive assessment, performance isn’t the only factor that counts because almost all high-potential candidates have a good employment record. So how do you figure out if it’s the right fit for you? RFS HR Consultancy is here to expertly guide you from the screening point to the onboarding stage of an executive into your company. We have industry experts who know how to carry out an efficient executive assessment that would make the best fit for your company.
Strong and efficient leadership is the cornerstone of any company’s success, innovation, employer brand, and navigating the entire company towards its strategic goals. Therefore, the screening process and conducting an executive assessment have, by far, the biggest implications for the company and its workplace culture.
According to this Forbes article, research estimates that 50% to 70% of executives fail within 18 months of taking on a role, regardless of whether they were an external hire or promoted from within the organization. This tells us a lot about the significance of leadership assessment. This blog will tell you all about the key components of executive assessment, the challenges in it, and the tools used for the executive search, especially in the UAE market.
Table of Contents
Key Components of Executive Assessment
Realize the Key Traits
Before the start of any executive assessment, any executive search service you choose to pursue would lay out some specific core competencies that are required for your role. For instance, there are some basic characteristics that are not only important but required in a leader. These competencies could be adaptability to change, a modern vision as an executive, emotional intelligence, remarkable ambition yet highly efficient, and most important of all the right fit in the company’s culture.
Choose the Right Tools for Assessment
Any of the best executive search firms in UAE like our RFS HR Consultancy firm believe in a few modern tools that are used in the executive assessment to choose the right candidate for your company. These methods or tools are used to assess the capabilities and potential of the candidate. These methods may include behavioural tests, scenario-based interviews, personality tests, 360-degree feedback and psychometric assessments.
Collection and Analysis of Data
An important part is the collection of all the data gathered through the multiple tests or screening process for executive assessment to gain comprehensive insights into the candidate’s capabilities. Professional leadership assessment is done through meticulous research of the data gathered and then recommending a proper fit for the company.
Succession Planning
According to this research by Deloitte, 86% of respondents viewed leadership succession planning as an urgent or important priority, highlighting the critical role of executive assessment in identifying and developing future leaders.
If an executive position is empty, there are chances that top talent is already inside your organization. Our services at RFS HR agency will focus on that as well.
The Challenges Faced in the Executive Assessment
As we discussed previously, finding a highly skilled candidate who would hold a significant upper-level position in the company is an immense task. Therefore, it does not come without its challenges. Following are some of these problems that usually occur in the process.
Identifying Required Talent
Identifying and locating the top talent is the basis of executive assessment. Since it is an executive-level position, finding and hiring the best talent for this is challenging. How would you find a candidate perfect for your required role?
Professional executive search firms in Dubai, like RFS HR, consider it their duty to locate the top executive leader best fit for your company. We have vast professional networks and conduct in-depth research into the candidates’ capabilities and most importantly if they’d be the right fit for your organization.
Shifting Market Dynamics
The world has become increasingly interconnected and complex. Technology and global events now have a greater effect all over the world because businesses have become international.
Finding and convincing a top executive also depends on the upshift and downshift of market reality. If the market is going smoothly and companies are doing well then convincing an executive needs a different strategy.
Executive access search firms like RFS HR Consultancy can foresee and plan their strategies by judging the market conditions.
Subjectivity in Executive Assessment Interviews
There is no doubt that some subjectivity will always exist when it comes to screening and interviewing for executive leadership assessment. Because interviews are being conducted by recruiters some bias or difference in perceptions can easily occur.
However, there are ways around this such as the multiple executive assessment methods we discussed previously.
Ensuring Cultural Fit
By far, the most important thing your company needs is an executive that maintains and fosters a good, healthy workplace environment. There will be so many employees working under the leaders of your company, so you want the best talent. If the top-level executive you hired does not fit into your culture, then there are high risks of turnovers and low morale in the company ultimately affecting the goals or imperative of the company.
That is why RFS HR Consultancy provides the best executive search services because our meticulous research ensures that there will be no problems for either the executive or your company.
Tools for Executive Assessment
We will discuss some of the tools used in the executive assessment by the top executive headhunters in Dubai
Myers-Briggs Test
It works by categorizing individuals into distinct 16 types of personalities based on their preferences in the test. You are probably asking yourself why this test would help in an executive assessment. We have an answer for you: it helps us familiarize ourselves with their personalities and then judge their individual capabilities and whether they’d be the right fit or not.
This test lets us know about their leadership styles and development initiatives.
DISC Assessment
This categorises all individuals into 4 unique types of personalities. These are dominance, influence, steadiness, and conscientiousness. It focuses on behavioural preferences, communication styles, and how individuals approach tasks and challenges.
It helps us understand how effective they are in communication, conflict resolution, versatility and practicality in their roles as executives.
Saville Assessment
This is a psychometric executive assessment tool designed to evaluate the leader’s personality characteristics and cognitive abilities.
It is mostly used for talent assessment, leadership development, and recruitment.
Saville assessment is highly predictive of job performance and it has minimum chances of subjectivity.
Big 5 Personality Test
This test is based on measuring five core dimensions of a personality. These are Openness, Conscientiousness, Extraversion, Agreeableness, and Neuroticism.
We at RFS HR Consultancy aspire to provide you with the best executive search in UAE because we are experts in our industry. These traits provide us with insights into how leaders will behave in various leadership roles or situations.
Apart from these are some other executive assessment tools that exist as well such as the EI appraisal test, social styles test, 16 PF and much more.
Conclusion
Conducting an executive assessment and finding a top-level leader can be burdensome, but RFS HR Consultancy, being the top recruitment agency in Dubai, is ready to take your strategic goals across the finish line. We have industry-specific knowledge and networks and believe in guaranteeing your success. We will make sure the top executive is the right fit for your company and help you with the onboarding process as well. Now, stop worrying and contact us on our website for all your recruitment needs.
