Hi Durga,
Yes, personality inventories are being used widely for selection, promotion, and development. Personally, I have found that simply using a personality inventory is not helpful. After all, personality is a subjective thing. What I mean is - let us say you are measuring team effectiveness using the ABC personality inventory. The parameters that ABC uses may or may not be the right parameters to use. Frequently, you find that different inventories use different parameters to measure the same supposed trait. Besides this, is it really ethical to select and place people based on something as subjective as "personality" - after all, what IS personality really? Is it behaviors? Is it attitudes? Beliefs? Values? Is the person really able to help being the way he/she is? It's like selecting a person based on their gender, race, or color. The debate on this topic is endless. I have resolved this issue in my own mind by preferring to use competency tests for the primary selection and using personality inventories as "support" mechanisms only.
My personal recommendation is that you develop a job profile and person specification for the position you want to recruit for and then use some objective methods like a behavioral-event interview for assessing the competencies you may have identified. If you want more help and information on how to do this, please feel free to write to me at maliha_raza@vsnl.com. I will be glad to be of help.
With regards,
Maliha Raza
Trainer, Coach, Consultant