How to speed up linux kernel compilation?

I have core i5 with 8gb RAM. I have VMware workstation 10.0.1 installed on my machine. I have fedora 20 Desktop Edition installed on VMware as guest OS.

I am working on linux kernel source code v 3.14.1. I am developing an I/O scheduler for linux kernel. After any modifications in code every time it takes around 1 hour and 30 minutes for compiling and installing the whole kernel code to see the changes.

Compilation and Installation commands:

make menuconfig

make

make modules

make modules_install

make install

So my question is it possible to reduce 1 hour and 30 minutes time into only 10 to 15 minutes?

Any help would be greatly appreciated!

Thanks, momersaleem

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