Nirvana Solutions uses HackerEarth Assessments to reduce cost per hire by 25%
HackerEarth has been a savior in our technical screening process. It has helped us reach out to more developers and find the right talent for our team.
About Nirvana
Nirvana Solutions is a financial technology company that provides real-time portfolio management solutions to hedge funds, prime brokers, and fund administrators. Nirvana is the hedge fund industry′s first cloud-based portfolio management system built around the Financial Information Exchange (FIX) protocol. The cloud-based system provides a modular and integrated technology to streamline the investment process for financial institutions.
Headquartered in New York and with an office in Gurgaon, Nirvana is a growing team of 150 employees.
The spanner in the works
Before using HackerEarth Assessments, Nirvana Solutions relied on the manual screening of applications to identify candidates who were qualified to be interviewed. This process took a significant amount of time and exhausted the organization’s resources quickly. The recruitment team wanted an easier way to:
- Identify high-quality candidates
- Reduce the time taken to hire a candidate
- Reduce the cost per hire
And their search led them to HackerEarth.
Technical screening using HackerEarth
Now, the recruitment process at Nirvana Solutions is as follows:
- Source developers from various job portals
- Screen resumes to shortlist candidates
- Send a HackerEarth test to the shortlisted candidates
- Conduct face-to-face interviews with candidates who are selected for the final round
Nirvana Solutions leverages HackerEarth Assessments for campus and lateral hiring in the ratio of 80:20.
The team uses HackerEarth Assessments to hire technical talent across different skill sets and roles, ranging from interns to full-time employees ( 0-1 years of experience). The company predominantly uses HackerEarth Assessments to hire Java developers, C#, Python and JavaScript developers.
Additionally, in 2019 alone, they used the platform to evaluate and hire candidates from 10 different universities.
Breaking down barriers with HackerEarth
The team evaluated a few other competing solutions and found HackerEarth to fulfill most of their needs. A happy customer, Nirvana Solutions has been using the platform since 2014.
HackerEarth is a wonderful product. It’s been a breeze using the platform, and we cherish our association with the organization.
– Sandeep Singh, Technical Manager, Nirvana Solutions.
After switching to HackerEarth, here are some of the benefits that Nirvana witnessed:
30% decrease in time to hire
The automated assessments available on the platform enables the team to save time setting up tests and evaluating and shortlisting candidates.
We are now able to save a lot of time hiring the right technical talent. Thanks to HackerEarth, the time taken to hire a candidate has reduced by almost 30%.
Sandeep Singh, Technical Manager, Nirvana Solutions.
25% decrease in cost per hire
After using HackerEarth Assessments, the team at Nirvana Solutions was able to save on recruiting costs significantly.
We managed to bring down our cost per hire by almost 25%.
Sandeep Singh, Technical Manager, Nirvana Solutions.
5 minutes to create a test
The team at Nirvana Solutions is now able to create a test quickly using the HackerEarth platform. Apart from using the vast library with pre-built questions, the team also adds custom questions while creating an assessment.
It takes just 5 minutes for us to create an automated assessment on HackerEarth and around 30 minutes to create an assessment from scratch.
Sandeep Singh, Technical Manager, Nirvana Solutions.
10 minutes to identify top candidates
After using HackerEarth, the team saw an improvement in the quality of candidates shortlisted for interviews. The candidate reports available on the platform gave hiring managers and recruiters an overall perspective of the candidates who had taken the test, helping them identify top talent within 10 minutes.
The team also swears by the proctoring controls available on the platform and can filter out candidates who resort to plagiarism or impersonation.
Providing customer delight since 2014
We asked recruiters and hiring managers at Nirvana Solutions about the top 3 features on the platform. Here are their picks:
- Automatic test generation
- Powerful proctoring controls
- Detailed performance reports
Of course, it’s not just the features, but the overall customer experience at HackerEarth that makes Nirvana Solutions a delighted customer.
The quality, cost, and amazing customer support encourage us to keep coming back to HackerEarth.
Sandeep Singh, Technical manager, Nirvana Solutions.