Bending Spoons only hired 0.04% from its 800,000 job applications last year—its CEO says …

Bending Spoons received 800,000 job applications last year, and only hired 286 of the candidates. And the $21 billion company—which owns digital businesses including Eventbrite, Vimeo, and AOL—says competition has only been ramping up in recent years.  Tens of thousands make it through the first round alone, and its CEO, Luca Ferrari, says the process ahead is unlike many other hiring playbooks.  “If people looked under the hood at how we do this, they would think we’re crazy,” Ferrari recently told the WSJ . “Hopefully in a good way.”  The 60,000 candidates who made it through the first round of screening sat through tests that analyzed their reasoning, judgement, and learning speed. This is followed by an interview—and then Bending Spoons used hiring algorithms to run an analysis on how the talent scored against both quantitative, and qualitative characteristics. And less than 9% of those who make it to the interview stage end up receiving an offer.  “A run-of-the-mill interview is almost entirely non-predictive, like tossing a coin,” Ferrari told the WSJ. “It’s basically completely useless.” Once the interviews are wrapped, scores are delivered, references are verified, Bending Spoons finally chooses who to hire.  And it equates to an acceptance
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