diff --git a/database/factories/ModelFactory.php b/database/factories/ModelFactory.php
index f596d0b5..4f06a963 100644
--- a/database/factories/ModelFactory.php
+++ b/database/factories/ModelFactory.php
@@ -15,7 +15,12 @@
     return [
         'name' => $faker->name,
         'email' => $faker->safeEmail,
-        'password' => bcrypt(str_random(10)),
+
+        // Use a precomputed hash of the word "secret" instead of using bcrypt directly.
+        // Since bcrypt is intentionally slow, it can really slow down test suites in
+        // large applications that use factories to generate models in many tests.
+        'password' => '$2y$10$oPCcCpaPQ69KQ1fdrAIL0eptYCcG/s/NmQZizJfVdB.QOXUn5mGE6',
+
         'remember_token' => str_random(10),
     ];
 });