How an Art Heist Transformed Financial Services Recruitment

How an Art Heist Transformed Financial Services Recruitment

PeopleScout Assessment

How an Art Heist Transformed Financial Services Recruitment

PeopleScout’s assessment and creative teams helped a leading financial services company transform their entry-level recruitment process from a typical interview to an innovative, immersive experience, creating an assessment centre unlike any candidate had encountered before.

86 % assessment centre pass rate (up from 41%)
98 % offer acceptance rate (up from 73%)
98 % candidate satisfaction scores after the assessment

Situation 

A leading financial services provider, specialising in pensions, investments and insurance, was facing recruitment challenges. They needed to fill contact centre roles—mainly phone-based positions handling customer inquiries—but their process needed a revamp.

The numbers tell the story: In 2023, the company processed approximately 7,000 applications to fill 250 entry-level positions. That’s a mountain of CVs and a serious administrative burden. Their approach was pretty standard—online application, a telephone interview followed by  a face-to-face competency interview. They’d assess just 12 to 14 candidates per day, running two interviews simultaneously, seven times a day.

In addition to the scale of the effort, hiring managers kept gravitating toward candidates who already had contact centre or financial services experience. The client’s talent acquisition team spotted this bias and realised they were probably missing out on brilliant people who hadn’t worked in these specific areas before. These candidates might have exactly what it takes to excel—they just didn’t tick the “industry experience” box.

So, they decided it was time for a complete recruitment makeover.

Solution 

We stepped in to flip the client’s assessment approach on its head, creating something that was fair, inclusive, and—dare we say it—actually fun.

Our psychologists teamed up with our creative team to figure out how to support evidence-based hiring decisions while giving candidates an experience they’d never forget. What emerged was a multi-stage, immersive assessment that aligned with the client’s goals and gave everyone a fair shot.

Assessment Framework Development

Our psychologists rolled up their sleeves and did a deep-dive job analysis, systematically reviewing multiple information sources to define the capabilities, experience, skills, abilities and behaviours that make someone successful in these contact centre roles. They talked to hiring managers, incumbents and recruiters to understand what “good” really looks like—not just on paper, but in practice—securing stakeholder buy-in and support throughout the process.

From the research an assessment framework was created which guided the design of all the assessments. This research-driven approach meant the assessment process was built on best practice methodology while actually measuring what mattered for job performance. Our goal was to achieve:

  • A standardised assessment process ensures all candidates have the same experience, enhancing equality, diversity, and inclusion (ED&I) and increasing fairness
  • Objective assessment of candidates, focusing on evidence-based criteria that are relevant to job performance
  • Concrete, evidence-based rationale for hiring decisions, ensuring fair, accurate and defensible outcomes

Three-Stage Assessment Process

Our psychologists designed a multi-method assessment process to offer candidates multiple opportunities to shine. By mixing different types of assessments, we could accommodate different strengths and preferences while reducing bias—accommodating neurominority candidates and accounting for different preferences for showcasing abilities.

The three-stage process cleverly blended automated scoring with human insight, cutting down on bias while saving assessors’ time.

Stage 1: Telephone Screen

The client wanted to keep their phone interview—it was working well for them. So, our psychologists took what they had and made it better, creating standardised questions and scoring while keeping the motivational elements and assessing behaviours from the assessment framework.

Stage 2: Online Assessment

Here’s where we got bold: we ditched the CVs entirely. To reduce the likelihood of decisions being based on work history, we developed a gamified online assessment that tested the core behaviours we’d identified as crucial for success.

Working with the client’s test publisher, our psychologists advised on aligning their gamified assessment to the assessment framework, creating an automated sift stage ahead of the assessment centre which boosted pipeline efficiency. The highest scorers moved forward, regardless of their background—saving time and boosting objectivity.

Stage 3: Immersive Assessment Centre

Candidates were expecting a standard, corporate assessment process. But, with the assessment centre invitation they received a video that parachuted them into an alternative world where—for one day only—they became part of a fictional organisation, an underground resistance movement tasked with stopping ruthless art thieves from pulling off the art heist of the century.

Within this world, candidates did an interview, a mock customer conversation exercise to understand customer-facing roles, and a group exercise with clues and problem-solving tasks.

We dressed the assessment room and utilised themed props—ticket stubs, Instagram posts, umbrellas, and even a Magic 8 ball—creating an assessment experience unlike any they had encountered before.

The candidates worked together to solve puzzles and piece together clues. The high-energy, creative challenges included finding criminal targets, cracking cryptic codes, locating target artwork and galleries, and responding to the intel of a double agent. All of it was woven into a cinematic experience delivered by professional actors.

The whole assessment centre was anchored in science and a robust assessment framework—all within just two hours.

By creating this fantasy world full of brain-teasing challenges and tasks, candidates had such a good time they relaxed and brought their true selves to the event. As a result, the in-room assessors could then use the scoring guides to easily identify the core attributes the client was looking for in its recruits.

“The highlight was seeing them laughing and interacting as a team during the group assessment. It was almost like they forgot they were interviewing for a job.”

Talent Acquisition Leader

To ensure the success of the assessment centre, we provided comprehensive training and clear assessment guides for managers, assessors, and facilitators, ensuring they understood assessment best practices and had a detailed briefing of the exercises themselves.

Results 

In the first four months of assessment centres, we achieved:

  • 0% “no show” rate (down from 25%)
  • 86% assessment centre pass rate (up from 41%)
  • 98% offer acceptance rate (up from 73%)
  • 60% attrition, now at the lowest rate since the pandemic
  • 37 days in recruiter time saved since removing CVs from the pre-assessment centre stage
  • 98% candidate satisfaction rate at the end of the assessment centre
  • 92% new joiner satisfaction rate

Importantly, candidates who received offers came from a variety of backgrounds, including nail technicians, chefs, employees from a world-famous golf course and a football club, and former retirees returning to work.

Candidate Feedback:

“The best interview experience I’ve had.”

“I forgot I was being assessed.”

“I have never had an interview experience with this much human touch.”

“The best one I have done. The others were old school and formulaic.”

“The playfulness was different level.”

“It’s nice to be tested on ‘you’ rather than experiences you may have been fortunate or unfortunate to have gone through.”

“I’ve been bragging about how much fun it was.”

Client Feedback:

“Our new immersive assessment process sees us shift immediately from an old-fashioned, competency-based interview to a modern selection process focused on behaviours, underpinned by robust occupational science. We’ll jump from lagging behind our peers, to a market leading proposition that will ultimately see us making better informed hiring choices. Results so far have been really encouraging, and it’s been great to see such positive initial feedback from our managers and candidates.” – Talent Acquisition Leader

“It was a new refreshing way to carry out recruitment, and one I think will bring in the right people. I enjoyed the interview section as I felt like the questions were much more suited to what we are looking for. I also felt the role plays were great as it gave us a real insight into the candidates’ customer service skills. Overall, I felt it was a big success and look forward to doing the next recruitment day.” – Hiring Manager

“The role play gave an insight into the candidates’ behaviours which is the most important thing. The group exercise really allowed people to immerse themselves into the exercise, and I feel we saw their true colours.” – Hiring Manager

At a Glance

  • COMPANY
    Financial service company
  • INDUSTRY
    Banking & Financial Services
  • PEOPLESCOUT SOLUTIONS
    Recruitment Process Outsourcing, Talent Advisory

Is Skills-Based Hiring Really the Next Big Thing?

In the recruitment space, skills-based hiring is on the tip of talent acquisition leaders’ tongues. Is it worthy of all the ink spilled or just the flavour of the month?

The internet is buzzing with headlines framing skills-based hiring as a revolutionary step forward—a clean break from “outdated” methods like focusing on academic qualifications. But as usual, we want to take a more critical look.

Let’s step away from the hype to examine the real pros and cons of skills-based hiring. More importantly, let’s figure out how skills-based hiring can work for you.

Skills-Based Hiring: Is it Really New?

There are three common myths being perpetuated by many of the articles about skills-based hiring:

Myth 1: Educational qualifications have been the main barrier to good hiring decisions.

The argument goes that recruiting teams rely too heavily on degrees and don’t think enough about skills—and if they just focused on skills instead, all their hiring issues would be solved.

This misrepresents how most employers actually make hiring decisions. While education requirements do exist in job descriptions, they’re rarely the primary factor in final hiring choices. Most recruiters already consider multiple factors including experience, cultural fit and demonstrated abilities. Skills-based hiring has its positives and certainly feels more inclusive than rigid degree requirements, but it’s not the revolutionary shift from degree-obsessed hiring that many articles suggest.

Myth 2: Everyone talking about skills is talking about the same thing.

One reason the history of skills-based hiring is hard to track is the absence of a clear, consistent definition of what constitutes a “skill.” In the context of skills-based hiring, a skill could be a competency, strength or motivation—anything that enables a person to do the job well. That landscape is far more nuanced and complex than most articles let on.

The reality is that defining skills is a lengthy process and requires careful consideration of context. But most writers on this subject don’t bother to grapple with this complexity. Instead, they gloss over any real explanation of what skills are, feeding the perception that skills are so simple and universally understood that we don’t need definitions. This creates the illusion that organizations should be able to easily incorporate skills-based approaches without doing the hard work of actually defining what they mean by “skills” in their specific context.

Myth 3: Skills-based hiring and talent management is a new idea, and the bandwagon is leaving the station.

Headlines will have you believe that skills-based hiring is “the next big thing” and a silver bullet that will solve all your workforce woes. However, this doesn’t really reflect most hiring processes.

Even if you’re not actively thinking about skills-based hiring, it’s likely that it is embedded—at least partly—into your hiring process already. Today, recruiters rarely just think in terms of hiring somebody because their qualifications line up to the “essential” section of the job description.

So, skills-based hiring isn’t a new idea. The term might be, but not the practice.

These myths lead us to feel that the noise around skills-based hiring is misleading. It suggests that skills-based hiring is driving the recruitment industry right now, when in reality, very few are moving forward with it in an overt, intentional way.

Getting Started with Skills-Based Hiring When Time and Budgets Aren’t Huge

If you do want to embrace skills-based hiring, here are some practical steps:

1. Start with an Audit

If you’re keen to implement skills-based hiring, first of all, feel reassured that it’s likely already part of your approach, even if you don’t call it that. Start by establishing where you are along the skills-based continuum.

Diagnostics come into their own here. Assess your hiring processes in a structured way, identifying gaps, strengths and opportunities for improvement. It can be beneficial to bring in an external partner like the PeopleScout Assessment Design team, to provide robust, evidence-based, unbiased feedback to maximise impact.

2. Defining Your Skills

Then it comes down to defining skills—for now and the future. These can’t be vague; they need to be carefully defined so that they can be accurately applied. You’ll build these from research, both internally and by looking externally. If you want to have an organisation-wide approach, you’ll need to consider skills relevant for leadership and entry level roles and across departments. Engage your department heads and hiring managers to map these.

3. Look at Your Non-Skills Criteria

You don’t have to remove looking at academic qualifications from your hiring process entirely. However, if there are instances where you’re using an academic qualification as a stand-in for a skill—say, a humanities degree as a signifier of good written communication skills—you can probably move away from it and start focusing more explicitly on the skill itself.

Skills-based hiring can open doors for many candidates—and expand your talent pool. Perhaps your ideal candidate did not go to university, but their written communication skills are more than adequate for the role.

4. Kick Off a Pilot

Even without a big budget to fund an overhaul of your recruitment processes, it’s still possible to make a start. To make it manageable, begin with a small, pilot process. Your audit can help you identify the best starting point—perhaps it’s a particular department or role type.

Once you’ve started, you’ll want to closely monitor it to ensure that the benefits are genuine. Try not to feel pressured into investing too much time, money and resources into skills-based hiring because it is a hot topic. Make changes bit by bit, turn to evidence, and stay reflective.

The Bottom Line

Don’t get overcome by buzzwords. In all likelihood, skills-based hiring has been a part of your process for a while now. If you want to concentrate more on skills-based hiring, start small, remain sceptical of the hype, get external insight, be evidence-based and keep evolving your approach.

The Truth About Gen AI & Job Seekers: 3 Insights from Our Latest Research 

The intersection of generative AI (Gen AI) and job seeking has garnered significant attention, with numerous tools available to help candidates with résumés, CVs, cover letters and interview preparation. Media coverage suggests widespread adoption, but actual prevalence isn’t that clear. 

To move beyond the hype and establish a clearer picture of the use of Gen AI across the broad population of job seekers, PeopleScout commissioned YouGov to conduct a comprehensive survey of 1,000 members of the UK public who had changed jobs within the previous 12 months. Our new research report, The AI-Enabled Applicant: How Candidates Are Really Using Gen AI in Recruitment, aims to provide clarity on real usage patterns and to better understand the potential implications for recruitment—especially amongst concerns that candidates might use these technologies to misrepresent their skills and experiences. 

This article is the first in a series exploring the data and grappling with the implications of Gen AI use amongst candidates. Read on for three key findings from our report. 

1. Gen AI Usage Amongst Candidates Isn’t as Prevalent as You Might Think 

While media narratives often portray Gen AI usage as nearly universal among job seekers, our research indicates a more measured reality. Our study reveals that fewer than one in five people (18%) who changed jobs in the UK in the last year used Gen AI at any point in their job search.   

This is considerably lower than media reports have suggested, and it’s lower than we were expecting given Gen AI tools have been freely available since November 2022. This calls for a reality check on the hype.  

It’s easy to see how employers could see media content—alongside indicators of Gen AI use in their own candidate pools—and overestimate the frequency of Gen AI-enhanced applications. However, at this point the evidence suggests that the vast majority of job seekers from the general population are not using Gen AI to assist their job search or applications.   

2. Interviews Seem Safe…For Now 

Just 9% of those using Gen AI at any point in the recruitment process used it to support their pre-recorded interviews. This was unexpectedly low, given the number using it to help with résumés, CVs and applications. It may be that its value in helping to prepare and practice for interviews is less well understood or harder to achieve. For example, Gen AI tools may need more sophisticated prompting to get high quality support for interview preparation.   

For candidates who used Gen AI at some point and who had a live virtual interview as part of their selection process, only 8% used Gen AI to help with this but, significantly, almost half of this group disclosed that they had used it for live support during the interview. Live interviews were previously a protected space from Gen AI use, and although this is reported by just handful of job seekers, it clearly suggests that real-time assistance during live virtual interviews is happening—and we would assume this is likely to increase.    

It isn’t evident from our survey exactly what type of live Gen AI assistance candidates were using, but newer Gen AI capabilities of ‘listening’ and responding in real time with a conversational style could allow candidates to deliver inauthentic answers without detection. This is something employers are likely to want to keep under observation and consider acting on, redesigning interview questions to make it harder to use Gen AI for deceptive purposes. Despite this, our survey indicates that this kind of potentially disruptive use is low amongst job changers and not a major cause for alarm at this point.   

3. No One’s Talking About It 

Perhaps most revealing for employers is that of those applicants who used Gen AI, only 38% would be willing to disclose their use to employers. The remaining 62% either wouldn’t disclose or are uncertain about whether they would—a concerning reality check for employers attempting to protect the integrity of their recruitment process.  

It begs the question—could this behaviour be driven by employers? According to our survey, employers rarely mention Gen AI usage in their communications with candidates. Only 5% of all job changers said their future employers spoke to them about Gen AI during the recruitment process. And for the few who did hear about it during recruitment,, 35% were told not to use it.   

The number of employers failing to communicate about AI in recruiting may contribute to candidates’ reluctance to discuss their Gen AI usage with employers due to an assumption that employers’ silence on the matter indicates that Gen AI use is inappropriate or unacceptable, and to reveal use of it would negatively impact their chances of getting an offer. 

Gen AI Opportunities & Risks 

Navigating this complex landscape effectively often requires specialized expertise and support. Working with a talent partner with deep assessment expertise can provide crucial advantages in maintaining recruitment integrity while achieving business objectives.  

As leading providers of talent assessment solutions, PeopleScout’s Assessment Design & Delivery team offers a Gen AI Opportunity & Risk Assessment Audit to provide organizations with a comprehensive review of their recruitment processes, identifying both vulnerabilities and opportunities related to generative AI throughout the candidate journey. This independent audit, grounded in psychological expertise, stress-tests each assessment element within your specific recruitment context to determine how Gen AI might impact selection accuracy and diversity outcomes. The resulting evidence-based recommendations allow employers to strategically focus resources on critical vulnerability points while potentially leveraging beneficial AI uses, enabling informed decisions about whether to accept, prevent or adapt to candidates’ use of Gen AI tools based on your organizational values and objectives. 

For more Gen AI insights, download the full The AI-Enabled Applicant: How Candidates Are Really Using Gen AI in Recruitment report. 

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The AI-Enabled Applicant: How Candidates Are Really Using Gen AI in Recruitment

The AI-Enabled Applicant

How Candidates Are Really Using Gen AI in Recruitment

Is generative AI (Gen AI) disrupting your recruitment process? Our exclusive research with YouGov unveils what’s actually happening right now—and the results might surprise you.

While headlines scream about AI taking over job applications, our fresh data shows the nuanced reality of how candidates in the UK are really using these tools in 2025.

In this comprehensive report, you’ll discover:

  • The true adoption rate of Gen AI by job seekers (spoiler: it’s not what most experts predicted)
  • Which specific recruiting touchpoints are most vulnerable to Gen AI impact
  • Unexpected findings about candidate attitudes toward disclosing Gen AI usage
  • Actionable strategies to protect assessment integrity without fighting technology

Don’t Base Critical Hiring Decisions on Outdated Information

As some organizations implement extreme measures like blanket AI bans, others are finding smarter, more sustainable approaches that embrace innovation while maintaining recruitment quality. Download the report now to get ahead of this rapidly evolving challenge and transform potential threats into competitive advantages for your recruitment strategy.