Update On :17 August 2015
To ensure that the companies in new-age sectors like the e-commerce and other startups spend less time in their recruitment processes, Job street has just got into fast lane with a new concept called 'speed hiring in which suitable candidates are filtered out in flat 12 minutes!â€™
The HR managers have evolved this new hiring tool that is finding favor with firms like Snapdeal, Ola Cabs, Quikr, Foodpanda, Practo and WNS. Typically, 'speed hiring' involves candidates being tested for their cognitive abilities in just about 12 minutes and offer letters are given to the suitable candidates.
The Cognitive Ability Speed Test (CAST), developed by assessment platform CoCubes Technologies, carries 50 objective type questions on English grammar, ratios, percentage and inductive reasoning to assess the cognitive abilities of the candidates.
Saurabh Nigam, Vice President (HR) at e-commerce major Snapdeal, which used the CoCubes' platform said, "In the last six months of implementation, with over 22,000 assessments, CAST has shown correlation of 81 per cent with offer ratio and has helped to provide a seamless experience for the candidates".
Experts said that 'Speed hiring' is catching attention of many recruiters for whom 'time is money' in today's fast paced world.
News Source From : http://www.rediff.com/business/report/speed-hiring-catches-fancy-12-minutes-and-hired-or-fired/20150816.htm