We've partnered with Credit Suisse since 2016 to innovate the recruitment process, and in 2019, they leaped with us to launch our latest product innovation: Learning Challenges.
EquitySim: Learning Challenges
EquitySim is an online simulation where candidates are given $1M in virtual currency and learn principles of investment for three months. Employers sponsor these experiences known as "Learning Challenges."
Learning Challenges give employers a way to invest in their talent, as well as attract and identify from diverse pools that would otherwise be unaccessible to them.
Here's how it works:
Credit Suisse: Sponsored 1,300+ Learning Experiences
Credit Suisse shared its Challenge link across Facebook, Linkedin, Instagram, Handshake, Yello, and Glassdoor.
We generated 10,000+ site visits to the challenge and 1,300+ registered.
Additionally, 250+ People spent more than 4-5 hours a week playing the learning challenge. More time than the average person spends on Netflix!
Recruitment Results: 11/15 Finalists Receive Offers
From this pool we chose 15 finalists who would jump to final round interviews with Credit Suisse.
Our 2019 finalists accepted internship positions at:
- Credit Suisse (7 finalists)
- Morgan Stanley (2 Finalists)
- JPMorgan (1 Finalist)
- Goldman Sachs (1 Finalist)
Business Benefits: Achieving more with Less
How did challenge finalists measure against the standard recruiting process?
- EquitySim offer rates are 87% higher than pure Resume Screening
- EquitySim offer rates are 20% higher than combined Resume & First Round Interview Screening
- 100% of Finalists accepted their offers vs. 65% in regular recruiting
Conclusion: EquitySim provides more accurate recommendations which translates to more efficient use of interviewing time.
Additionally, since 2016, Credit Suisse's Asia Division has been phasing out on-Campus visits, and have decreased the size of their HR and recruiting teams by 50%. Scalable online platforms like EquitySim have helped Credit Suisse achieve better recruitment results with less cost.
Note: We did not replace the standard recruiting process, but supplemented it with an additional method.
Most importantly, candidates enjoyed the experience. They saw this as a fun game, rather than a test they needed to stress over to apply. Here's what they had to say:
Interested to meet us?
If you think your organization could benefit from sponsoring a learning challenge, we want to meet you. Please fill in this quick survey, and someone from our team will reach out to you.