Executive Selection
The selection of a senior executive is among the most difficult decisions that an organization
can make. Senior executives have enormous responsibility for resource utilization, business direction,
and financial results. The consequences of failure of a senior executive can be disastrous for an
entire organization and its stakeholders.
Advantages of Objective Assessment
Objective assessment has several advantages. The first is that the assessment is completed by
an outside third party, one who is not involved in the recruiting or the final decision-making.
Second, objective assessment provides a common benchmark with which to compare all candidates to
each other. Third, objective assessment measures potential executive derailers such as poor
decision-making , energy/drive, emotional intelligence, resilience, results orientation, open-mindedness,
and the ability to think on one's feet. These qualities are very difficult to assess in interviews and
work experience reviews.
PSP's Metrics
We customize our measurement tools according to each company's specific needs. We often find
that the required "success factors" differ from company to company, depending on where a company
is in its life cycle, marketplace, and strategic trajectory. PSP also utilizes our nationwide
database of senior executive benchmarks. In other words, we can compare applicants to our national
norms for CEOs, CFOs, COOs, and SVPs.
PSP's objective assessment also includes an in-depth behavioral interview conducted by an
industrial psychologist with a minimum of 20 years of experience in executive assessment work.
PSP's objective assessment helps to minimize risk and to maximize the chances for success in
senior executive selection.
For more information on using executive selection processes in your organization, please contact
PSP and/or view the articles in the links below.
» Selecting Senior Executives
» Successful Executives are Different
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