Harnessing Psychometric Assessments for B-BBEE Success

Lumenii is excited to announce that we have officially achieved B-BBEE Level 1 status. 

Diversity has always been an integral value of our organisation, with a culture that champions the unique contributions of our team members. We believe that a diverse team helps us to maximise the value we offer our clients. 

Read more about our journey and how Lumenii's solutions can help you maximise the ROI of your B-BBEE initiatives below. 

Our Journey to B-BBEE Level 1

Lumenii, originally called HFMtalentindex was started in South Africa in 2015, as a local subsidiary of one of Europe’s leading assessment technology providers.

In early 2020, Lumenii was spun out into a 100% South African owned company. This gave us the opportunity to pursue a more favourable B-BBEE status to formally recognise our commitments to diversity and transformation. 

Since 2020, Lumenii has been committed to improving our B-BBEE status year on year, moving to Level 2 in 2022 and Level 1 in 2023. The strategies we have implemented to prioritise empowerment and diversity include:

1. Transformation at All Levels

We believe that true transformation starts at the top. Diversity, inclusion and transformation are embedded in the culture and values of Lumenii and role modelled by our leadership team.

2. Upskilling and training

We have invested in comprehensive training and skills development programs, equipping our employees with the tools they need to excel in their roles. By nurturing talent from within, we are ensuring a diverse and skilled workforce that drives innovation and Agility. We also invest in internships and traineeships, where people are provided with new opportunities, formal training and on-the-job experience.

3. Supplier Diversity

We actively seek out black-owned businesses, both regionally and nationally, prioritising partnerships with historically disadvantaged suppliers.

The Role of Talent Management in B-BBEE Spend

Lumenii's psychometric assessment and talent management solutions play a valuable role in supporting your B-BBEE initiatives. Psychometric assessments guide the fair and objective evaluation of candidates for employment or development programs. Training, masterclasses and workshops can be directly applied to development programmes and upskilling initiatives.

Here's how training, masterclasses, and workshops can be effectively used in conjunction with B-BBEE spend:

1. Objective Hiring and Promotion: Our psychometric assessment platform objectively assesses candidates for selection or promotion. Assessments give all candidates an equal opportunity to demonstrate their potential, regardless of their level of work experience or qualifications. Lumenii's assessments have been extensively validated to ensure they are reliable, predictive, fair and unbiased across groups. 
   
   

2. Skill Gap Analyses: Psychometric assessments provide an objective foundation for identifying specific skill gaps within your workforce. This information can then be used to design targeted training and development programs to upskill historically disadvantaged employees.

3. Diversity and Inclusion Initiatives: Assessments and training form an integral part of diversity and inclusion programmes across the organisation, including selection, promotion, leadership, development, values and culture.

   Rabobank, one of Europe's largest banks, used Learning Agility assessments within their leadership selection process. Not only was Agility an important predictor of leader success for Rabobank, but they also found a significant improvement in the diversity of their leadership team. By implementing an objective Learning Agility solution, the bank achieved greater representation of women and minorities at key leadership levels. Download Case Study

4. Succession Planning: Psychometric assessments help to identify high-potential individuals, while 360-degree feedback provides a structured measurement of performance. This information is crucial for succession planning, ensuring that talented individuals are given opportunities for leadership roles.
   
   
5. Tailored Training and Development Programs: The results of psychometric assessments can provide insights into the learning styles and preferences of employees. This information can be used to customise and deliver more effective and inclusive training programs. See Lumenii's range of training and consulting solutions that can be leveraged within your development and employee upskilling programmes.
   
   
6. Tracking Progress and Impact: You can effectively apply assessments and 360-degree feedback to track the progress of employees who have participated in development programs. Benchmarking, team reports and analytics allows for a quantitative assessment of the impact of B-BBEE initiatives on individual growth, team performance and overall organisational transformation.
   
   
7. Compliance and Reporting: Utilising psychometric assessments in talent management processes demonstrates a commitment to fair and objective hiring and development practices. This can be valuable for compliance with B-BBEE regulations and for reporting on progress towards empowerment goals.
   

The Impact of B-BBEE Level 1

Our journey towards inclusivity and empowerment doesn't end here. We are committed to maintaining our Level 1 status and we will continue to explore new ways to uplift our community.

Thank you to our employees, customers, and partners for their unwavering support. Together, we are breaking barriers and creating a brighter future for all.

Note: Our B-BBEE status is subject to periodic evaluation and renewal. Our commitment to transformation remains steadfast regardless of certification status.