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Psychometric Testing Services


ProcurementIQ’s Psychometric Testing Services procurement research is intended to help you save time and money in the initial research stages of the buying process. Our data and analysis explain the characteristics, pricing dynamics, supply chain risks and negotiation tactics of Psychometric Testing Services to help your company negotiate strategically with suppliers. Our report insights also give your company the credibility to work with internal stakeholders and executives to better manage the sourcing process.
doneBenchmark Price
doneRFP/RFQ/Negotiation Questions
done3 Year Price Forecast
doneSupply Chain Analysis
doneSupplier Intelligence
doneSample Buyer Decision Scorecard

Psychometric Testing Services - Recent Price Trend

During the three years to 2018, the price per assessment of psychometric testing services has increased at an estimated average annual rate of 1.6%. Businesses have used psychometric tests for decades, but technological advancements have facilitated easier access to online assessment tools in recent years, encouraging additional growth within this market. Demand for services has risen.

Psychometric Testing Services - Total Cost of Ownership

Buyers face a low total cost of ownership when purchasing psychometric testing services. Overall, buyers that directly purchase tests benefit from a low likelihood of encountering hidden costs due to their flat-fee pricing structure. Buyers should establish clear expectations and a defined scope of work to ensure cost transparency when entering contracts.Buyers do not face many hidden ownership.

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About this Report

This report is intended to assist buyers of psychometric testing services, which provide employers with data to help them better understand their workforce. Specifically, psychometric tests are used to screen potential employees and analyze existing employees in terms of their personality, skills, aptitudes and attributes, including critical thinking, emotional intelligence, interpersonal style and verbal reasoning. Aside from selling their tests, suppliers typically enlist consultants to help buyers administer, score and interpret assessments. Typical buyers include government institutions, professional service providers and employment and recruiting agencies. This report does not include staff recruitment, background checks or physical screening services.

Table of Contents

At a Glance

Executive Summary

Price Environment
 Price Fundamentals
  Benchmark Price
  Pricing Model
 Price Drivers
 Input Cost Drivers
 External Demand Drivers
 Recent Price Trend
 Price Forecast

Product Characteristics
 Product Life Cycle
 Total Cost of Ownership
 Product Specialization
 Related Goods
 Subsitute Goods
 Quality Control
Supply Chain & Vendors
 Supply Chain Dynamics
  Supply Chain Risk
  Geographic Locations
 Competitive Environment
  Market Share Concentration
  Vendor Company Types
 Market Profitability
 Switching Cost

Purchasing Process
 Buying Basics
 Buying Lead Time
  Selection Process
  Buying-Decision Scorecard
 Key RFP Elements

Negotiation Questions

Buyer Power Score Components

Jargon & Glossary

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