50% increase in suitable candidates

Background

Established in 2018, Bitlocus.com is a mid-sized fintech firm committed to simplifying the crypto space for fiat users. They offer products to both retail and business clients, providing seamless conversion between fiat and crypto assets. This allows users to engage in DeFi without having to handle a cryptocurrency wallet or navigate technical hurdles.

Given the unique nature of their business and the technical complexity involved, Bitlocus faced challenges in sourcing software developers with proficiency in cryptocurrency-related development. Traditional hiring strategies fell short when it came to identifying candidates with the specific skills needed for the crypto-focused role.

Objectives and Goals

In light of these challenges, Bitlocus sought to use HireNest.com, a sophisticated recruitment platform, to streamline their hiring process. Specifically, they wanted to enhance the sourcing and assessment of software developers with the relevant cryptocurrency experience and skills. The goals were to reduce time-to-hire, increase the quality of applicants, and improve their product delivery timelines as a result.

Implementation

Bitlocus incorporated HireNest.com into their recruitment process as the primary pre-employment assessment tool. However, the introduction of a new platform was met with initial resistance from the HR team, which was overcome through comprehensive training and demonstrations of the platform's potential benefits in sourcing the right candidates.

Results

The introduction of HireNest.com brought about significant improvements in Bitlocus's hiring process. The time-to-hire was reduced from an average of 60 days to 40 days, a notable reduction of 33%. This efficiency allowed Bitlocus to fill crucial positions quicker, thereby minimizing disruption to their development schedule.

Furthermore, the quality of candidates increased dramatically. There was a 50% uptick in candidates passing the initial screening process, which led to a higher proportion of suitable candidates reaching the final stages of the hiring process. This improvement in candidate quality positively impacted Bitlocus's product delivery timelines, resulting in increased client satisfaction.

Future Plans

Following the successful implementation of HireNest.com, Bitlocus plans to continue using the platform. The significant benefits it brought to their recruitment process and overall business outcomes make it an invaluable tool for their future hiring needs.

In addition, Bitlocus is considering leveraging more of HireNest.com's advanced features. One such feature is AI-driven candidate matching, which could further refine their hiring process by automating the initial selection of candidates based on their skills and experience.

In conclusion, the integration of HireNest.com has positively transformed Bitlocus’s recruitment process. It not only streamlined the hiring process but also improved the quality of hires, ultimately boosting overall business outcomes. Looking ahead, Bitlocus sees even more potential in using HireNest.com to meet their evolving recruitment needs in the dynamic and technically complex world of cryptocurrency and fintech.