WebsiteGear Logo Log In
New User? Sign Up
About | Contact | FAQ
  Home News Website Related Website Development Monday, November 19, 2018 
Add Press Release News | News Feeds Feeds | Email This News Email


HackerRank Launches Tech Talent Matrix To Give Businesses The Intelligence They Need To Hire The Right Developers
Wednesday, September 12, 2018

For the first time, businesses have actionable insights, based on data and machine learning, to improve their tech recruiting process

PALO ALTO, Calif., Sept. 12, 2018 /PRNewswire/ -- HackerRank, a platform that helps companies evaluate technical talent based on skills, launched the Tech Talent Matrix today, a machine learning-based matrix that gives companies the data they need to hire the right software developers. The Tech Talent Matrix draws from an analysis of over 150 million assessments and candidate data points. For the first time, enterprises have the data and insights to understand the effectiveness of their technical recruiting efforts and increase their chances of finding the right developer for the right role.

Technical hiring has become a C-suite priority as every business from Goldman Sachs to Walmart is becoming a software company. Enterprises spend over $4,000 per hire, and yet they lack sophisticated data to measure how well they are doing. This is compounded by the fact that the lack of alignment between recruiters and hiring managers is the biggest obstacle standing in their path of winning talent. Businesses today rely on basic metrics like number of hires, time to hire, and employee retention rate to evaluate the success of their recruiters, hiring managers and their overall hiring organization. None of these metrics tell companies what parts of their recruiting process needs improvement and how to move forward.

"Companies lack basic visibility into their developer hiring process, which is now just as big a priority as revenue and customer retention for executives across every industry," said Vivek Ravisankar, CEO & co-founder of HackerRank. "We power one assessment every eight seconds on our platform, and have built a deep, unparalleled data set on what makes for a great candidate experience. Pairing machine learning with our experience and data, we're arming businesses with the actionable intelligence they need to make smarter technical hiring decisions and ultimately transform into tech companies."

Using the Tech Talent Matrix, recruiters and hiring managers are empowered to deliver the right experience and quality assessments to successfully hire the technical talent they seek. Enterprises are evaluated on critical parts of their technical recruiting process, including the type of developers businesses are able to attract, how well candidates are being assessed and how aligned hiring managers are with recruiters. They can also benchmark themselves against peers based on industry and size, and identify what they are doing well and where to improve.

A company's position on the Matrix is the graphical representation of the Candidate Response Score and the Assessment Quality Score:

    1. Candidate Response Score: Measures the performance of organizations'
       candidate outreach by tracking candidate journeys from the stage they are
       invited to take technical assessments and measures the conversion of
       those invitations to test attempts.
    2. Assessment Quality Score: Measures the quality of companies' assessments
       and how well their assessments are designed for the role to evaluate
       candidates. The inputs focus on factors such as test design and candidate
       feedback.

Based on how they rank on the Tech Talent Matrix, companies are given actionable insights on how to actually move the needle and improve their scores. For example, if a company's Candidate Response Score is low, they are given tailored advice on how to strengthen their tech talent brand. If a company's Assessment Quality Score is low, companies receive guidance on how to ensure their technical evaluations are relevant for the roles. With this intelligence, recruiters and hiring managers are empowered to make changes that help them better align on goals and strategy to ultimately attract and hire the tech talent they need.

For more information, check out the Tech Talent Matrix.

About HackerRank
HackerRank is a technical hiring platform that helps businesses evaluate software developers based on skill. Over 1,100 customers across all industries, including 5 out of the largest 8 commercial bank institutions in the U.S. and 4 of the top 7 retail companies, rely on HackerRank's automated skills assessments to evaluate and hire technical talent from around the world. More than 4 million developers (over 15 percent of the global developer population) trust HackerRank to learn and practice coding. On average, HackerRank powers 1 assessment every 8 seconds in over 35 programming languages. For more information, visit www.hackerrank.com.

Media Contact
Katie Sullivan
Bateman Group
hackerrank@bateman-group.com

View original content:http://www.prnewswire.com/news-releases/hackerrank-launches-tech-talent-matrix-to-give-businesses-the-intelligence-they-need-to-hire-the-right-developers-300710980.html

SOURCE HackerRank



Email This News Email | Submit To Slashdot Slashdot | Submit To Digg.com Digg | Submit To del.icio.us Del.icio.us | News Feeds Feeds

RELATED NEWS ARTICLES
Nav Children Exposed to 10,000 Times More Cell Phone Radiation When Phone Has Weak Tower Connection | Nov 19, 2018
Nav Mediaplanet and Advocate Allison Farris Team Up in Coding Careers | Nov 18, 2018
Nav CoolUtils.com Offers Webmasters Handy Converter To Optimize Images For The Web | Nov 18, 2018
Nav Benzie Central Schools Make Major Investment in Student Safety With LockOut System Installation | Nov 17, 2018
Nav Bestselling Book Series Comes to Life in Episodic Video Game Series With Release of the Second Episode in The Lost Legends of REDWALL(TM) Video Game Series Entitled "Escape the Gloomer" | Nov 16, 2018
Nav The Boston Globe Names Curriculum Associates a Top Place to Work for 2018 | Nov 16, 2018
Nav Israeli App Developer Smart Media Racks Up 100 Million Downloads | Nov 16, 2018
Nav SunDance Chosen as Premier Partner for Captiva Innovations LED-Illuminated Flexible Banners | Nov 16, 2018
Nav Used Car Website Earns Top Honors from TopConsumerReviews.com | Nov 16, 2018
Nav HiMirror Announces Black Friday and Cyber Monday Sale for the Holiday Season | Nov 16, 2018
NEWS SEARCH

FEATURED NEWS | POPULAR NEWS
Submit News | View More News View More News