Press Release

PsyMax Solutions Podcast Reveal Truth Behind Assessment Misconceptions

Cleveland, August 26, 2008: There are many myths and misunderstandings about assessments, and Thad Meese has heard them all. Meese, Chief Operating Officer of PsyMax Solutions, discusses these misconceptions in a new podcast available for download at http://www.psymaxsolutions.com/assessment-truths/.

The podcast supports PsyMax's recent white paper, Assessment Misconceptions: A Journey Out of Traditional Thinking Towards Better and Faster Talent Management Decisions. Both forms of media pinpoint mistaken notions about assessments and explain the true benefits they bring to any organization.

Misconceptions and myths include:

• Online assessments are not as effective as those administered by an I/O psychologist.
• Assessments are a luxury because they are expensive.
• Integrating assessments into a talent management system is too expensive-or just not possible.

"Companies that hold on to these incorrect assumptions run the risk of increased turnover, reduced productivity and limited engagement-in other words, business as usual," says Meese. "The cost of doing nothing is far greater than the cost of a well-designed and quickly implemented assessment program."

Meese qualifies this assertion with a study done by the finance and economics department of a leading university. The school worked with a major retailer and found that the PsyMax assessments for managers resulted in a multi-million dollar savings, just for that region.

To listen to the podcast, go to www.psymaxsolutions.com/assessment-truths/.

To download the new PsyMax white paper, Assessment Misconceptions: A Journey Out of Traditional Thinking Towards Better and Faster Talent Management Decisions, go to http://www.psymaxsolutions.com/assessment-truths/.

Founded by CEO Dr. Wayne Nemeroff and headquartered in Cleveland, PsyMax Solutions is a pioneer in the application of smart systems to human capital assessment for employee selection and development. For more information call 866-774-2273 or visit www.psymaxsolutions.com.

Media Contact: Thad Meese, COO, PsyMax Solutions, tmeese@psymaxsolutions.com, 866-774-2273.

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