What is this Treasurer Test we will launch shortly?
| 20-09-2018 | by treasuryXL |
Recently we started informing you about the Treasurer Test. Today we want to give you further insight in what the test consists of.
The Treasurer Test is mainly created to give treasurers, their current and future employers and recruiters insight into the skills and personality of the treasurer. To achieve the foregoing, the test consists of two main parts.
Treasury technical knowledge
In this section the treasury knowledge level of the testee is tested. The questions in this section are developed by De Vrije Universiteit Amsterdam and The University of Applied Sciences of Utrecht in cooperation with industry experts. The four categories tested are Cash Management, Corporate Finance, Risk Management and Treasury Miscellaneous. There is limited time available for each category. The questions get increasingly more complex: the first question is easier than the last one. Harder questions are rewarded higher than easy ones. The results are reported in absolutes (like a GPA), but will also be compared with a peer group that has about the same experience. As a hiring manager you can compare your potential employee with other candidates in the labour market.
Twelve personality traits are tested in the personality part of the test. We have chosen for the Big5 model (https://en.wikipedia.org/wiki/Big_Five_personality_traits), in a later blog we will explain why. The outcome is compared with the general population and with the treasury population. We do this under the assumption that the personality of an average treasurer is different from a member of the general population. For example, the treasury testee might not be good at making contact in comparison with the general population, but at the same time be better at this than other treasurers.
As mentioned earlier, the test gives an insight into the skills and personality of the treasurer testee which can be used to decide whether he or she fits the position. The test can also give an indication whether the testee fits the company culture and if there are areas where the treasurer needs training or development.
We are currently testing the product, will fill the benchmark and will keep you posted about the progress of the test in the next weeks.
Roy Baaten – Community Manager at TreasuryXL