Leverage Assessments, Inc. Company Profile

Background

Overview

Leverage Assessments, Inc. is a New York-based company specializing in the design, validation, and administration of customized employee selection programs. Founded in 2016, the company leverages innovative technologies, including virtual reality, 3D visualization, voice control, and motion capture, to enhance the alignment between candidate skills and job requirements.

Mission and Vision

The company's mission is to redefine talent assessment through innovative, game-based solutions, empowering organizations to make informed hiring decisions that drive success and growth. By continuously pushing boundaries, Leverage Assessments strives to shape a future where talent evaluation is both effective and transformative.

Primary Area of Focus

Leverage Assessments focuses on providing comprehensive assessment solutions that address various phases of the test system lifecycle, including test development, administration, and validation. Their services are designed to accommodate the unique demands of diverse candidate groups, ensuring inclusivity and fairness in the hiring process.

Industry Significance

Operating within the human resources services industry, Leverage Assessments plays a crucial role in modernizing talent evaluation processes. By integrating advanced technologies and adhering to psychometric best practices, the company contributes to more accurate and equitable hiring decisions, thereby enhancing organizational performance and diversity.

Key Strategic Focus

Core Objectives

• Innovative Assessment Solutions: Develop and implement cutting-edge, game-based assessments that simulate real-world scenarios, fostering skill development and job readiness.

• Diversity and Inclusion: Promote diversity, equality, and fairness in the workplace by designing assessments that are accessible and unbiased, catering to a wide range of candidate backgrounds.

• Comprehensive Service Offering: Provide end-to-end services encompassing test development, administration, validation, and post-assessment support to ensure a seamless experience for clients.

Specific Areas of Specialization

• Psychological Assessments: Offer tailored psychological evaluations that delve deep into candidates' skills, competencies, and potential, enabling employers to make informed hiring decisions.

• Job Analysis: Conduct thorough analyses to gather information from subject matter experts, developing job tasks, responsibilities, and qualifications that inform assessment content.

• Assessment Development: Create customized test content in various formats, including multiple-choice, essay, and interactive simulations, to effectively evaluate candidate suitability.

• Remote Proctoring: Implement secure and customizable remote proctoring solutions to monitor candidates during assessments, ensuring integrity and compliance.

• Credential Management: Develop certification tests with a focus on governance, legal compliance, and validation to ensure reliability and accuracy.

Key Technologies Utilized

• Virtual Reality (VR): Employ VR to create immersive assessment environments that simulate real-world job scenarios, enhancing candidate engagement and assessment validity.

• 3D Visualization: Utilize 3D modeling to design interactive and realistic assessment tasks, providing a comprehensive evaluation of candidate skills.

• Voice Control and Motion Capture: Incorporate voice recognition and motion capture technologies to assess communication skills and physical tasks, respectively.

Primary Markets Targeted

• Government Agencies: Provide assessment solutions that adhere to legal and professional guidelines, ensuring compliance and fairness in public sector hiring processes.

• Non-Profit Organizations: Offer cost-effective and inclusive assessment tools that align with the mission and values of non-profit entities.

• For-Profit Enterprises: Deliver scalable and innovative assessment solutions that support diverse hiring needs across various industries.

Financials and Funding

Funding History

As a privately held company, Leverage Assessments has not publicly disclosed detailed funding history or specific financial information. Estimates suggest that the company's annual revenue ranges between $1 million and $10 million, indicating a stable financial position within its niche market.

Utilization of Capital

While specific details on capital utilization are not publicly available, it is reasonable to infer that the company invests in:

• Technology Development: Enhancing and expanding their suite of assessment tools and platforms.

• Research and Development: Innovating new assessment methodologies and staying ahead of industry trends.

• Market Expansion: Broadening their reach within existing markets and exploring new sectors.

Pipeline Development

Key Pipeline Candidates

Leverage Assessments is actively developing a range of assessment tools and services, including:

• Game-Based Assessments: Innovative assessments that simulate real-world scenarios to evaluate candidate skills and competencies.

• Remote Proctoring Solutions: Secure and customizable remote proctoring services to ensure assessment integrity.

• Credential Management Systems: Tools designed to manage and validate certifications and credentials effectively.

Stages of Development

The company is in various stages of development for these offerings, with some services already available and others in the planning or beta testing phases.

Target Conditions

These developments aim to address challenges in:

• Candidate Engagement: Enhancing the assessment experience to increase participation and performance.

• Bias Mitigation: Ensuring assessments are fair and equitable for all candidates.

• Operational Efficiency: Streamlining the assessment process for both clients and candidates.

Anticipated Milestones

Specific timelines for these developments are not publicly disclosed; however, the company is committed to continuous improvement and innovation in its offerings.

Technological Platform and Innovation

Proprietary Technologies

• Virtual Reality (VR) Assessments: Creating immersive environments that replicate job tasks to assess candidate suitability.

• 3D Visualization Tools: Designing interactive assessment components that engage candidates and provide realistic evaluations.

Significant Scientific Methods

• Psychometric Analysis: Employing statistical methods to ensure the reliability and validity of assessments.

• Item Analysis: Evaluating individual test items to identify and improve their effectiveness.

• Standard-Setting Procedures: Establishing cut scores that reflect fair and defensible levels of candidate performance.

AI-Driven Capabilities

While specific AI-driven capabilities are not detailed, the company's use of advanced technologies suggests an openness to integrating AI and machine learning to enhance assessment processes.

Leadership Team

Key Executives

• Kyana Beckles: Founder and CEO. With a background in psychology and human resources, Kyana has been instrumental in shaping the company's vision and strategic direction.

• Mustakim Fire Masum: Executive Director of Projects & Operations. Mustakim oversees the development and implementation of assessment projects, ensuring they meet client needs and industry standards.

• Maxwell E. Uduafemhe: Psychometrics Expert. Maxwell brings expertise in psychometric analysis, contributing to the scientific rigor of the company's assessments.

Competitor Profile

Market Insights and Dynamics

The talent assessment industry is experiencing growth, driven by the increasing need for effective and unbiased hiring processes. Organizations are seeking innovative solutions to enhance candidate evaluation and promote diversity and inclusion.

Competitor Analysis

Leverage Assessments operates in a competitive landscape with several notable players:

• Hogan Assessment Systems: Specializes in personality assessments and leadership development.

• The Predictive Index: Offers behavioral assessments and talent optimization solutions.

• SHL: Provides a wide range of talent assessment tools and services.

• HighMatch: Focuses on predictive talent analytics and assessments.

• AssessFirst: Delivers behavioral and cognitive assessments for recruitment.

• Thomas: Offers psychometric assessments and talent management solutions.

Strategic Collaborations and Partnerships

Leverage Assessments collaborates with leading organizations to foster innovation and growth through strategic alliances. These partnerships enhance the company's capacity to deliver comprehensive and effective assessment solutions.

Operational Insights

In comparison to major competitors, Leverage Assessments differentiates itself through its commitment to diversity, equality, and fairness. As a minority-owned business, the company appeals to organizations seeking suppliers with a strong commitment to social responsibility and inclusivity.

Strategic Opportunities and Future Directions

Leverage Assessments is well-positioned to expand its market presence by:

• Enhancing Technological Capabilities