Personal Risk Profile Assessment & Applicant Risk Profile
A risk profile is a set of characteristics that describe the level of risk that a person is ready and able to take. To draw up one’s risk profile, it’s necessary to measure the ability of the person to take risks and to assess the risk perception and benefits that the person expects from taking risks.
The risk propensity is a psychological factor and it can be measured using psychometric tools — personal risk profile assessment tests. This Risk Profile Assessment test measures one’s risk taking behaviors on the following scales: risk-taking, risk-perception and expected benefits from taking risks. The tests are based on the Domain-Specific Risk-Taking (DOSPERT) scale that is validated and widely recognized as a proven tool to compile a risk profile. The tests make assessments in five domains of life: financial decisions regarding investing and gambling, health/safety, recreational, ethical and social decisions.
You can take the tests for free to draw up your risk profile. Also, you can add the forms to your AidaForm Expert account to assess your applicants and candidates and make the tests a part of your employee development process.
How the Risk Profile Questionnaire Results Are Calculated
The questionnaires are created in the AidaForm test creator and employ special Formula fields that automatically process collected answers and calculate final scores. All three tests contain the same thirty domain-specific statements.
Domain-Specific Risk-Taking (Adult) Scale – Risk Taking Questionnaire
The risk-taking responses evaluate behavioral intentions or the likelihood with which respondents might engage in risky activities/behaviors. This questionnaire asks to range the probability of getting into the situation described using a 7-point rating scale: from 1 (Extremely Unlikely) to 7 (Extremely Likely).
Domain-Specific Risk-Taking (Adult) Scale – Risk Perceptions Questionnaire
The risk-perception responses evaluate the respondents’ subjective assessment of how risky each activity/behavior is. The assessment in the questionnaire is made on the 7-point rating scale ranging from 1 (Not at all) to 7 (Extremely Risky).
Domain-Specific Risk-Taking (Adult) Scale – Expected Benefits
The expected benefits responses evaluate the respondents’ subjective assessment of the benefits they can get as a result of their activity/behavior. This risk profile questionnaire uses a 7-point rating scale ranging from 1 (No benefits at all) to 7 (Great benefits).
Risk Profile of Applicants: Screening and Evaluating Candidates
Like the Big Five Personality traits screening, the Risk Profile Assessment tests may provide HR specialists with valuable information about job applicants and employees. The information becomes handy for making more grounded decisions and shaping the working environment to realize employees’ full potential.
In order to objectively assess whether Risk Profile Assessment is relevant to the core function of the job, you will need to determine to what extent the tasks associated with the position require the ability to take risk: is it mandatory, arbitrary or not required.
Timely assessment helps predict and prevent problematic situations or employee behavior and is an excellent means of personal development.
Scientifically Proved Leadership Development Screening Tests
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Read more about Cassudy and see examples of Cassudy tests.