The performance, longevity and success of any business organization are based on how visionary their respective leaders are. Leaders of any business have a plethora of responsibilities for running the organization through wise decision-making capabilities. Leadership assessment is the process of describing as well as identifying those skills and talents in an individual in the areas of directing, leading and managing the organizational functions from leadership positions.
“Leadership assessment gives a general idea of your ability as a leader in any capacity and allows the individual or the company to know the kind of leadership skills they have in the most constructive way. Leadership assessment in the recruitment business may focus on personal skills or business management, but it is also used to gauge your leadership strengths and when you need to improve to tackle new challenges in the industry.” – Source
In other words, leadership assessment gives an accurate reflection of the potential and competence of an individual for a given position.
Leadership Assessment Is Important For Organizational Stability For The Times Ahead – Here’s Why
1. Reflects Business Management Skills For The Future
An accurate and effective leadership assessment will inform the authority on how skillful or talented an individual or even a team is. This is important given the current scenario where after the pandemic, we all have realized the need of versatility to keep the company stay afloat. A flexible, skilled individual with the talent of performing as well as leading from a position (when situation demands) is what we need today.
2.Regular Assessments Keep Productivity Consistent
This is extremely important for the nurturing and developing of the existing human resource in an organization. Regular assessments keep the workforce motivated always – they take up and season themselves for responsibilities that prepare for their new skillset. The success of the process of learning is evaluated through assessments that are held in intervals. This not only highlights the rising new talent but also gives an insightful glimpse on the individuals who need to improve.
“This is applicable especially for functional managers, senior executives and other business managers.” – Source
3. Want To Build A Leadership Plan? Assess First!
Leadership assessment is important for developing a leadership plan. It enables a company to “appraise abilities of leaders at different levels, so as to lead different departments and projects. It also assists the HR to identify any gaps in its leadership team, and helps in building a solid and realistic succession plan. It also ensures that the business has the right people with the exact competence at the precise time to ensure continuity of leadership.”
4. Ensures The Effectiveness & Proficiency Of Board
The economic environment has always been volatile and in times ahead, the demand for visionary leaders in the organization’s hierarchy will increase like never before. This pandemic has changed the dimension of every company’s functional as well as organizational outlook. Building more eligible leaders is a precursor for effective decision making – as mentioned earlier.
Here’s How Leadership Assessment Is Helpful For Increasing Board’s Proficiency
- Will ensure “the board has the right mix of members from diverse backgrounds” and skills.
- Will maintain the Board Composition Alignment through business strategic focus and diversity transformation objectives.
- Will include non-executive directors through proper screening and sourcing.
Let’s Explore The Top 3 Globally Popular Leadership Assessment Tools
A. The Harvard Implicit Association Test
“…the Implicit Association Test (IAT) measures attitudes and beliefs that people may be unwilling or unable to report. It is designed to reveal attitudes or assumptions you make on a daily basis. As it is with modern beliefs and assumptions, the test is periodically updated to reflect the times.” – Harvard University – Source
B. Meyers-Briggs Type Indicator
“…the assessment considers what many people believe to be random variations in behavior to be orderly and consistent based on fundamental traits. These perceptions include:
Introversion (I) vs. Extroversion (E)
Intuition (N) vs. Sensing (S)
Thinking (T) vs. Feeling (F)
Judgment (J) vs. Perception (P)…”
C. IIHP Emotional Intelligence (EQ) Assessment
“…IHHP defines emotional intelligence as the ability to “recognize, understand, and manage our own emotions,” as well as “recognize, understand, and influence the emotions of others.” In basic terms, it means acknowledging that our emotions affect behavior both positively and negatively…” – Source
D. IIHP Performing Under Pressure Assessment
“…the IHHP Performing Under Pressure self-assessment focuses on the circumstances that may cause leaders to underperform when leading through a crisis. Their study determined that of 12,000 people only the top 10% performers do small things differently that enable them to perform well when it matters most…” – Source
Bonus. Domain Skill Assessment Test By Testofy
“…test the occupational competence and vocation skills of the candidates. Evaluation of talent plays a vital role in indicating what they will be doing in the future. Our adaptive assessments are designed for various industry sectors including BFSI, BPO, KPO & ITES, Consumer Goods & Durables, Core Sectors, Engineering & Automotive, Hospitality, Pharma & Healthcare, Telecom, IT, Software & more…” – Source
Leadership assessment methods have time and again proved to be effective for the functional as well as organizational transformation of a business. A leader is never born in one day – he or she is built from years of hard work, perseverance and determination to achieve excellence beyond the specified job role. And the only litmus test to gauge the expertise of the newly developed skillset is leadership assessment.