SAN FRANCISCO, July 10, 2018 /PRNewswire/ -- CodeFights announced an update today to its skills-based recruiting platform. CodeFights is making four announcements that mark its ongoing evolution and growth as the company continues its mission of transforming the way talent is discovered, evaluated and developed.
The first announcement is that CodeFights is changing its name to CodeSignal. Secondly, the company is launching Coding Score, the Credit Score equivalent for the technical recruiting market. Third, CodeSignal has made significant changes to the interface to better support the Coding Score, and William Lansing, the CEO of FICO, is joining CodeSignal's advisory board.
Since launching back in 2014 CodeFights attracts a wide, diverse pool of developers who practice their programming skills on the platform, in particular, to prepare for technical interviews. This has enabled the company to gather and analyze troves of valuable data about developer skills as well as signals that are predictive of technical interview performance. Its growth in size and sophistication made it possible to assess and quantify skills at scale. The new name, CodeSignal, reflects the company's focus on measuring talent and the ability to inject unbiased skill data into technical recruiting processes helping move the market from pedigree to skills-based recruiting.
The Coding Score is a measure of overall implementation and problem-solving ability of a developer, and a predictor of how they would perform in technical interviews. It serves as a true skill-based signal for the technical recruiting market. The Coding Score is modeled after the Credit Score and ranges from 300 to 850. It provides developers with an opportunity to understand how good they are, and how they compare against the rest of the market. For employers, the Coding Score enables them to immediately grasp a candidate's technical capabilities and transition to a skills-based recruiting model.
"Before the credit score became an industry standard, the lending market was at the discretion of a loan officer who might make a decision based on how you were dressed or talked, their own biases, or on whether or not they were having a good day," said Tigran Sloyan, CEO, CodeSignal. "A credit score made the lending process a lot more objective, and scalable using data. This is what CodeSignal is doing for technical recruiting - making the hiring process less subjective and enabling companies to hire technical talent based on data, and not gut intuition or unconscious biases."
Recruiting based on resumes or professional connections is using education and work history as a proxy for skill. In a world where learning and information is available to anyone with an internet connection, these approaches are no longer effective in identifying who is qualified for a software engineering job. CodeSignal uses machine learning to measure developer skills and assign a score that gives recruiters objective insight into whether they are qualified. It's a more meritocratic, effective, and efficient approach to hiring.
Based on the data collected from thirty to sixty minutes of a user's coding data, CodeSignal can now reliably compute a Coding Score. Its machine learning algorithm also finds correlations between Coding Scores and performance in technical interviews, so developers can know what score they need to secure a job with particular employers. To get an initial Coding Score, engineers must solve at least 3 challenges on CodeSignal.
Updated User Interface
User profiles will emphasize a candidate's skills, and display stats around their performance on the platform and replays of their code. Users will control who sees their profile with strong privacy settings, and a user's profile will include shareable links to send to recruiters and potential employers.
William Lansing, the CEO of FICO, is joining CodeSignal's advisory board to help the company become the accepted standard for scoring skilled workers just like how the FICO credit score has become the accepted standard in the lending market.
Founded in 2014, CodeSignal (formerly CodeFights) is the first company to develop an objective automated skills-based assessment platform that can be used as a standard for technical recruiters and employers. The CodeSignal's Machine Learning algorithm has analyzed terabytes of skill assessment data to develop the Coding Score, which is a predictor of a developer's coding and problem-solving ability, and technical interview performance. Brands like Dropbox, Evernote, Dynamic Signal, Wizeline, Ascend.io, and Thumbtack already trust the CodeSignal Coding Score in their technical recruiting process.