In the realm of technology and recruitment, Ernst & Young (EY) stands as a beacon of innovation, pioneering strategies that address the ever-evolving challenges of tech hiring. EY is one of the world’s largest professional services networks and has over 350,000 employees! With employee strength as strong as this, EY faces unique challenges in terms of finding skilled talent, dealing with thousands of candidates for each open role, and more!
In a recent conversation with EY, we uncovered profound insights shared by two distinguished figures from EY, unveiling their approach to shaping the future of talent acquisition in the technology sector.
We spoke with Tanu Garg, Executive Director at EY, who brings over 14 years of experience in risk and regulatory reporting across major banks and financial institutions. Her expertise spans both US and UK regulatory frameworks, with pivotal roles at Barclays and Genpact before her tenure at EY.
Joining her was Thiru Vengadam, Partner at EY and a vanguard in the tech and digital arena. Thiru’s impressive career includes significant tenures at Citigroup and Bank of America, where he was instrumental in driving digital transformations.
Optimizing Tech Hiring
The discussion centered on EY’s pioneering techniques in tech hiring, exploring the challenges of aligning talent with rapidly evolving technological demands, and the strategies EY employs to navigate these complexities effectively. This theme is particularly relevant as companies grapple with the dual challenge of meeting immediate project demands while also building a resilient and adaptable tech workforce for the future.
EY’s approach to this challenge is multifaceted, blending traditional recruitment strategies with innovative practices that recognize the unique demands of the tech sector.
Navigating Demand Fulfillment Complexities
At the heart of EY’s recruitment strategy lies the challenge of aligning talent with the dynamic demands of technology. With a global team of over 75,000 technology professionals, EY’s growth in the tech space necessitates a nuanced approach to recruitment, balancing traditional consulting specialization with a burgeoning startup culture. This method ensures recruitment of individuals who are not just skilled but also adaptable to technological advancements.
Innovative Recruitment: The Hack to Hire Model
EY’s “Hack to Hire” model exemplifies their innovative approach to recruitment. By leveraging hackathons and similar competitions, EY identifies candidates who not only possess technical expertise but also exhibit creative problem-solving skills, ensuring a dynamic and effective match between candidates’ capabilities and project needs.
HackerRank’s platform enables EY to conduct these competitions at scale, offering a dynamic and engaging way to assess candidates’ real-world capabilities.
The Importance of Skillset Diversity
Skillset diversity is paramount in tech hiring, given the vast and varied field of technology. EY’s approach to mapping specific skills required for each project underscores the importance of understanding and addressing the diverse skill sets needed for successful recruitment and project implementation.
The HackerRank Effect
In the tech industry, where skillset diversity is crucial, HackerRank plays a pivotal role in EY’s recruitment strategy. The platform’s extensive skills directory and tailored assessments allow EY to map and evaluate the specific skills required for various tech roles. This capability is key to addressing the wide range of digital skills needed in today’s tech landscape, from data analytics to digital transformation initiatives, ensuring that EY’s talent pool is both diverse and proficient.
The implementation of HackerRank within EY’s recruitment process has yielded tangible benefits. HackerRank assessments were instrumental in processing and evaluating a vast influx of referrals, streamlining the selection process, and significantly reducing the time-to-hire. Moreover, HackerRank’s role in internal assessments and skill validations has been crucial for EY’s upskilling and reskilling initiatives, ensuring that the workforce remains at the cutting edge of technological advancements.
Personalizing the Recruitment Process
EY’s recruitment process is characterized by its personalized nature. Utilizing technology, EY tailors the recruitment experience to align with the strengths and aspirations of individual developers. This tailored approach ensures a mutually beneficial relationship between the candidate and the company, fostering a conducive environment for growth and innovation.
By leveraging HackerRank, EY can tailor the recruitment experience to individual candidates, aligning assessments and challenges with the candidates’ unique skills and career aspirations. This personalized approach not only enhances the candidate experience but also ensures a better fit between the new hires and EY’s project needs, fostering a productive and satisfying work environment.
Conclusion
EY’s insights into tech hiring illuminate the path forward for talent acquisition in the technology sector. By embracing agility, diversity, and personalization in their recruitment strategies, EY not only addresses the immediate needs of their projects but also sets the stage for the future of the tech industry. As the landscape of tech hiring continues to evolve, EY’s pioneering approaches offer valuable lessons for organizations striving to navigate the complexities of recruiting in the digital age, shaping a future where talent and technology converge to drive innovation and success.
To know more about EY’s strategic approaches to acing tech hiring, visit here.