How to Increase Your Onsite to Hire Ratio
Learn How One Fortune 100 Engineering Team Increased its Hire Ratio by 16%
Last year, Amazon’s CTO Werner Vogels declared that the company’s developers spend an average of 30 to 40 percent of their time on evaluating talent - time that could be better spent on building and optimizing products.
Here at HackerRank, this is precisely the problem we’re solving. HackerRank is a platform that helps companies find the right developers based on skills. After screening millions of developers for over 1,000 companies thus far, we’ve found there’s a huge opportunity for companies to hire qualified developers more predictably, at a lower cost, and in less time.
In this piece, we take you through three core steps that one Fortune 100 company (whose name we had to mask) took to help its technical recruiters and hiring managers free up time and hire more predictably.
Step 1: Clarify What You Need in This Role
Step 2: Work with Your Top Engineers to Set a Bar for Onsite Candidates
The recruiting team accountable for these hires sat down with the highest performing engineers within the team to map out coding challenges (or pre-hire assessments) that they felt would be a strong indicator of the skills they need. Candidates would have to meet a pre-set threshold when taking the coding challenge to be considered for the onsite interview.
Step 3: Send Pre-Hire Coding Assessments Instead of Manual Phone Screens
For example, the engineering team conducted a hiring event initiative to test the results of manual phone screens vs automatic coding assessments. It turns out, HackerRank’s coding assessments not only helped recruiters skip technical phone interviews altogether but also increased the group’s offer ratio from 9 to 25 percent:
After seeing the ROI and increase of onsite-to-offer conversions in a few engineering groups at the company using these three steps, HackerRank’s credentialing system organically spread into a total of 10 different groups within the enterprise. The company’s recruiters and hiring managers have been consistently increasing their use of HackerRank coding challenges to measure candidate skillsets. Coding challenges test for a variety of technical skills, including algorithms, data structures, problem solving, multi-threading, system administration, and system design.
To date, the HackerRank team calculates that this company has saved over 21,000 hours (and an estimated $2.16 million) in two years of partnership. The following line graph depicts the quarterly growth of the company using HackerRank: