But it's important to remember that a take home exercise cannot fully replace an interview. It can replace the coding part, the whiteboard "and now we ask useless trivia questions" part. But there's no way for this work to replace the "would you fit the team" interview.
Others already discuss this in different subthreads here, but basically I'd expect the company to clearly show how their process works and - ideally - filter by ~social~ criterias first ("You might fit the team, if you can code"). Doing work for free with potentially no feedback or a 'fail' in a later discussion is crap, of course.
