A speed sensor assembly comprises: a driveshaft with a driveshaft axis, a sensing portion of the driveshaft having an axial bore along the driveshaft axis and multiple axial slots radially spaced around the sensing portion that penetrate through the driveshaft into the axial bore; and at least one electromagnetic sensor with a magnetic circuit proximate the sensing portion of the driveshaft; wherein rotation of the driveshaft causes the slots in the sensing portion to sequentially pass through the magnetic circuit of the electromagnetic sensor, thereby causing a change in the reluctance of its magnetic circuit that induces the electromagnetic sensor to generate an output signal that is representative of the rotational speed of the driveshaft.