Engineering financial freedom
PayPal is the world's most valuable fintech company — a true pioneer with remarkable digital payment platforms and solutions. Beyond its skyrocketing success and sheer engineering marvel, PayPal subscribes to a bold and inspiring mission: democratize financial services, so that people can take control of their financial lives. With so much to love about PayPal, it's little wonder that the company receives millions of applications each year.
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The Challenge
As PayPal embarked on its Venmo digital wallet, its SVP of Engineering faced a daunting task. PayPal needed to hit aggressive targets and develop extensive features on its product roadmap, but its recruiting partner — a prestigious global leader — wasn't able to deliver fast enough to meet PayPal's goals. As recruiters languished, PayPal continued to fall further and further behind.
The Solution
Bringing in our proven process and expert team
PayPal brought Coit in to resuscitate extremely high-stakes recruiting — to rapidly identify, engage and hire premiere engineering talent. Embedding six recruiters and one recruiting coordinator at PayPal, we deployed Method by Coit℠, bringing our proven process, talent technology and expert team to bear for PayPal’s benefit.
Often a monumental lift and shift for legacy RPO companies, innovation is baked into our ethos and Method. Whereas PayPal’s previous recruiting partner had focused on inbound, slogging through the bottom 20% of candidates, we flipped the script to focus on the top 20%, initiating an aggressive outbound strategy to find the right people rapidly.
Devising campaigns to attract best-fit candidates who would thrive long-term, we amplified PayPal’s hiring brand through active storytelling and differentiation, engaging top-tier talent who had their choice to work anywhere.
True partnership
PayPal benefitted from a strong embedded partnership. They felt that Coit was operating like their own internal recruitment team.RPO
Handing off its engineering hiring in entirety, PayPal was able to focus on their core business processes while we found them top talent.Talent Technology
Coit's tech stack remedied the messiness and inefficiencies inherent in PayPal's internal hiring, giving hiring managers a lift in productivity and simplicity.DEI
Diversity is top-of-mind for PayPal, we helped them develop DEI scorecards specific to company goals, and deficiencies.The Results
Working closely with PayPal's internal team as a true strategic partner, we accelerated hiring and improved the quality of hires, while also lowering costs and eliminating burdens from PayPal's team.
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Our Impact
Partnering with Coit, PayPal was able to meet critical hiring targets and achieve business impacts.
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Coit Group
500 Sansome Street, Suite 510
San Francisco, CA 94111
+1 415-433-5200
[email protected]