An employer [Twitter handle: M Stanfield] has sparked fierce debate after being so shocked a Gen Z job seeker refused to spend 90 minutes on a hiring test because it “looked like a lot of work” that he vented about the situation on X, formerly known as Twitter.
People who've job-hunted recently have probably quickly found out that getting hired is no longer as simple as submitting a résumé followed by an in-person interview or two.
The tweet read:
“Me: really enjoyed the call. Please see attached financial modeling test
“Gen Z applicant: this looks like a lot of work. Without knowing where I stand in the process, I’m not comfortable spending 90 minutes in Excel
“Me:…well…I can tell you where you stand now”
In a follow-up tweet, he posted that “if an analyst can’t hammer that out in 90 min, they’re not the right person” for the investment analyst gig going.
Speaking to Fortune, Stanfield—who declined to confirm the name of his company—said such tests are fairly common in his industry as they're used to identify the skill level of potential employees.During an initial screening call “the steps in the interview process” were laid out in full, he added, and candidates were also told that the test in question “shouldn’t take more than an hour.”
“If you want to get hired as an investment analyst, at least at my fund, you need to demonstrate your ability to analyze an investment,” he said, adding the task wasn't on a live project but an example situation. (Source: Fortune, via Yahoo Finance)
The article then devolved into a battle between olds suggesting that Gen Z's are a bunch of entitled brats who need to toughen up - M. Stanfield even suggested that they would have benefitted from getting into a few fistfights at a younger age - and youngs carping about the Boomer mindset, about old fogeys making unreasonable demands and being completely out of it.
I come down somewhere in the middle on this one.
I don't blame the interviewee for asking for clarification on where they stood in the interview process. And I don't blame job-seekers for being suspicious about providing free labor to a company. I've read about plenty of instances where a candidate has created a preso, blog post, or other deliverable and had an unscrupulous company use it without permission or compensation.
On the other hand, if the candidate actually said something along the lines of 'that looks like a lot of work' - which may not have happened IRL - I don't blame the interviewer from knocking them off the potential hiree list. And the requirement that there would be a test for the position was clearly laid out. So it wasn't exactly a surprise pop quiz. (Can you define price elasticity...)
If hiring companies are going to demand these sorts of pre-hire tests, they should only give them to those who are finalists, or even about to be given an offer. And it does seem obnoxious to expect someone to spend 90 minutes on an unpaid task. So maybe the task could be shorter. Maybe, in this case, M. Stanfield could have had the candidate do a quick look at someone else's analysis (or a fake one) and come back with a first impression of what works, what doesn't.
And if someone's asked to create an actual work product, the hiring company might want to consider some small nod to compensation to those who don't get the job. Even a fifty-dollar Amazon card would recognize that the person had put in some effort.
I'm no longer in the game, so this is never going to be my problem. Just another reason that I'm happy to be retired.
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