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BNY Mellon Partners with HackerRank to Boost FinTech Innovation with Skills-Based HiringPALO ALTO, Calif., March 16, 2017 /PRNewswire/ -- HackerRank, a platform that helps companies evaluate developers based on skills, announced today that BNY Mellon, a global leader in investment management and investment services, is saving thousands of hours in technical recruiting using HackerRank platform. The company is also reaching a wider pool of talent than with traditional proxies, like resumes or universities. Time savings and access to a more qualified and diverse candidates helps BNY Mellon innovate faster worldwide. After opening its eighth innovation center worldwide, BNY Mellon is hiring more engineers than many popular tech companies in Silicon Valley. BNY Mellon's demand is evident by increases in the number of software developers that are taking BNY Mellon's coding assessment, powered by HackerRank. All developer candidates who are interested in working at BNY Mellon must take a HackerRank coding challenge as part of the interview process. BNY Mellon first started leveraging HackerRank's skill-based hiring platform in 2015. Since using HackerRank, the company has seen an exponential increase in the number of developers they are able to find, evaluate and ultimately hire globally. In 2016, the number of candidates assessed monthly increased three-fold from the beginning to the end of the year. HackerRank skill assessment attempts have been steadily increasing quarterly. "HackerRank is a true partner," says With HackerRank, BNY Mellon's engineering team is also able to cast a wider net and access a more diverse set of candidates who may be filtered out using traditional recruiting methods, which prioritize pedigree, connections, location and are inherently biased. Last year, BNY Mellon helped sponsor HackerRank's Women's CodeSprint, a 24-hour online hackathon dedicated to creating opportunities for female developers worldwide. As a result, "HackerRank Women's CodeSprint provided us with a unique talent sourcing opportunity – the chance to connect with, and view the work of, ambitious, high-performing women technologists eager to make their mark," says Mike Biedermann, managing director of technology and operations talent acquisition at BNY Mellon. HackerRank estimates that the average recruiter spends 45 minutes reviewing resumes and manually conducting phone screenings per candidate, and every developer spends about 20 minutes per phone screen. With HackerRank, BNY Mellon saved an estimated 23,000 hours in 2016 with auto-scored skill assessments. BNY Mellon is leading the skills-based revolution in the finance space to save time, hire more qualified developers and innovate faster. About HackerRank BNY Mellon Media Contact
To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/bny-mellon-partners-with-hackerrank-to-boost-fintech-innovation-with-skills-based-hiring-300424585.html SOURCE HackerRank |