Overview

Hiwi Forex is a cross-border fintech startup specializing in seamless, paperless money remittance solutions for students. They faced an uphill task finding great people. Here is the strategy Swabhav employed to increase the efficiency of its hiring process:

Challenges

The company faced 3 major challenges:

• Losing top candidates to Unicorns & MNCs due to less employer branding.
• 50% increase in interview completion times due to scheduling issues .
• High Drop-off Rates across the hiring process.

Swabhav's Solution

With a rigorous recruitment approach, the Swabhav's TA team focused by job specialism and studies everything there is to know about the discipline, technology utilized, and what is needed to perform well in the role.

✓ This job specialization results in deep networks within each category, enabling our team to quickly present qualified shortlists – unlike generalist staffing firms that will struggle to produce 2 suitable candidates against a niche requirement.

✓ We utilized market insights to strategically source each opportunity and place devs in Java and Angular. Marketing mapping revealed a local market of 343 qualified candidates for Angular and 521 for Java in Mumbai.

✓ Our team also helped with the employer branding by sharing company's sense of purpose and the product they are building, the impact it would have.

✓ To enable hiring managers to shortlist better, every recommended candidate came with a Deep Profile that contained 20+ data points & comments by our Talent Managers on why this candidate would make a good fit, technically & culturally.

✓ Our most important focus was on improving the candidate experience drastically by reducing the number of interviews from 5 to 2 and the Turn around time to close a candidate from 30 to 21 days.