My best interviews were the ones where money wasn't an issue. They focused on getting talent first and dealing with bad hires later. So the process went like this:

- "I see you have done this and that, have some years of experience and seem to know how to do things. Here is what you would do in our company ..."

- "Still interested? Great. Can you please reverse a string?"

- "Well, looks like you can code. Let's talk salary."

- "Welcome aboard. :)"

Whenever someone turned out to be bad, they simply asked them to leave. Usually with severance. So easy and simple. I really can't understand why only a few companies work like this. No tests, no homework and definitely no hazing and grilling. Just some guys that want to build some stuff.