hays-case-study-how-to-hire-financial-roles-using-imocha-financial-skill-assessment

Hays used iMocha assessments to make data-driven decisions and eliminate bad hires

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Brewing together with iMocha
Candidates assessed
68
Qualified for interviews
30
Candidates placed
20
Best performers
30
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Hays at a glance

Hays is a leading global professional recruiting group, an expert at recruiting qualified, professional and skilled people worldwide, the market leader in the UK and Asia Pacific, and one of the market leaders in Continental Europe and Latin America. Hays operates across the private and public sectors, dealing in permanent positions, contract roles, and temporary assignments.

Headquarters: London, England

Global Presence: UK, USA, Europe, South-East Asia

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Employees:

10,204

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Established:

1867

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Industry:

Staffing and Recruiting

iMocha products used:

Talent Acquisition 

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Recruitment Platform

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the challenges
Hays has been the pioneer in recruiting top-notch candidates for their clients.
The challenge

Over the years, the recruitment scenario has changed drastically; traditional methods like telephone interviews, in-person interviews, and pen-paper tests are no longer considered apt methods for screening candidates. In a data-driven world, data points and trends are of prime importance in evaluating skills. Recently, Hays had to procure accounting candidates for one of its clients. The job role demanded proficient financial and accounting skills. One of the team's major challenges was the lack of internal expertise to evaluate candidates on their financial knowledge. The recruiting team did not want to rely on gut feeling or put their faith in the elaborate resumes of candidates. They needed to quantify the candidates' financial knowledge and ability to apply it. In the past, Hays had encountered a few incidents where the candidate looked solid on paper, performed well at interviews, and even got hired by their clients. However, the real trouble started when their work output did not match the prowess exhibited at the interview stages. These were considered bad hires, which eventually affected the clients who had employed them. Hays wanted to shift to a data-driven recruitment process where skills would be thoroughly evaluated, and any selection or rejection was substantiated by adequate data.

Hays created a Financial Accounting test with the help of iMocha's success team.

This test was designed to assess in-depth knowledge and provide an accurate picture of the skill competency. This helped the team to effectively filter candidates and submit the best profiles to their clients. Each of their submissions was backed by insightful candidate reports that further helped their client to prioritize the candidates for interviews.

  • During one of the weekly calls with Capgemini, our customer success team dived into their University Hiring strategy.
  • During one of the weekly calls with Capgemini, our customer success team dived into their University Hiring strategy.
  • During one of the weekly calls with Capgemini, our customer success team dived into their University Hiring strategy.
  • During one of the weekly calls with Capgemini, our customer success team dived into their University Hiring strategy.

Step by step explanation of the workflow:

  • They did not have a large recruitment team that could reach out to these universities across the USA to participate in career fairs and interact with the students. This hampered their recruitment roadmap.
  • However, more important was the lack of technical resources to evaluate candidates who applied for this role.
  • They did not have a large recruitment team that could reach out to these universities across the USA to participate in career fairs and interact with the students. This hampered their recruitment roadmap.
The result
the result

Hays assessed close to 68 candidates for the financial accounting role, out of which 30 of the best performers were interviewed by Hays and further by their clients. Their clients selected 20 job-fit candidates and are extremely happy with their work performance.

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