Question: Describe a time when you helped your organzation increase profits or decrease costs.

Alternative Question Phrasing:

Tell us about a situation where you helped increase company profits.

Follow-up questions:

What strategies did you use to make this possible?
Do you think you learnt any new skill while you were working on this project?
How do you plan to use these skills in our company?

Question Details:

Question Type:

Behavioral

Skills:

Basic – Critical Thinking,Basic – Monitoring (Making observations of self and environment),Basic – Science and Logic,Management of Financial Resources,Management of Material Resources,Systems – Judgment and Decision Making,Systems Evaluation

Abilities:

Cognitive – Flexibility of Closure (Pattern Detection),Cognitive – Originality,Cognitive – Perceptual Speed

Other Factors:

Candidate Preparedness,Personality-Job Fit,Personality-Organization Fit

Work Activity (Task):

Mental Processes – Developing Objectives and Strategies,Mental Processes – Judging the Value of Things, Services, or People,Mental Processes – Making Decisions and Solving Problems

Work Style (Person-Job Fit):

Analytical Thinking,Attention to Detail,Initiative

Question Frequency

Question Difficulty

What to look for in an answer:

If the candidate’s decision making and critical thinking skills can be gauged with the answer.
If the candidate points our specific skills they have developed and that they are planning to use it in your company.

Red Flags to Watch For:

If the candidate has done very little research on your company and hence they are not sure how they can use their skills here.
If the candidate gives an answer or points out the skill which is way different from what is needed in your company.

Sample Answer:

N/A

Question Source: https://www.totaljobs.com/advice/most-common-competency-based-interview-questions