Overview
Personality science can facilitate talent development and combat employee turnover and burnout. That’s one reason the personality assessment market is predicted to grow from $7.4 billion today to $16.4 billion by 2028. Paradigm Personality Labs, based in Charlotte, North Carolina, aims to benefit from The Insight Partners’ estimate of a 12.1 percent compound annual growth rate (CAGR) in this market. With their well-established WorkPlace Big Five Profile™ product suite, they’re also targeting the global corporate wellness market poised to grow at a 4.4% CAGR from $53 billion in 2022.There are many assessment tools out there. You’ve probably taken several yourself already. Paradigm, however, is working with Dualboot to become a technological frontrunner offering interactive tools to support development and personal growth.Paradigm believes personality assessments should offer much more than typing people,” says CEO Lisa Dunbar. “Telling people that they are a certain color or persona misses the nuance of each of us and the contexts in which we work and live.” Instead, Paradigm’s interactive suite creates the conditions for individual well-being and organizational success by bringing personality, work, and collaboration together. This helps people understand how to leverage their unique personality footprints to thrive and positively engage with work.That’s where Dualboot comes in. Developing a customizable, user-friendly online experience encourages greater use of Paradigm’s products and offers workforce development at scale for organizations.
The opportunity
In late 1980, a husband and wife team of respected organizational development consultants began using the Big Five Model with their clients and saw tremendous potential to adapt it to the world of work. They grew their efforts into a global company, the Center for Applied Cognitive Studies (CentACS), providing top-quality behavioral assessments, including the flagship WorkPlace Big Five Profile™. In 2018, current CEO Lisa Dunbar purchased the company and renamed it Paradigm Personality Labs.Dunbar saw opportunities to expand the company’s reach through digital transformation and emerging personality science. The assessment field was growing, with a vision to be recognized as the “go-to expert in personality at work” Paradigm needed to develop a robust, scalable platform that “transforms role alignment, communication, and collaboration to increase well-being and performance.”Yet the company lacked the internal development depth to make it happen, Dunbar says, “We had a system that was about to crash. We were in a sorry state.”Paradigm hired an external development company, but the results were severely disappointing. “They were not efficient and they did not communicate well,” says Paradigm’s Chief Innovation Officer John Lipinski. “We were in a bind.”That’s when Paradigm discovered Dualboot Partners and made the switch.