Benefits, Challenges and Solutions to SUCCESSFUL Video INterviews FOr Employers
While a consequence of Covid-19 been a large-scale freezing of hires, there are still many companies out there who need to fill out critical roles. With a sudden glut of high-quality candidates in the market, and a deep strategic need to up-level existing teams, the response from recruiters has been to pivot to video interviews.
THE BENEFITS TO VIDEO INTERVIEWING
To enjoy the benefits of video interviewing, you need to make sure it’s done right. It’s not simply a case of sending someone a Skype link and hoping for the best. Follow our tips to secure the maximum returns, including:
– Improved quality of hire
– Reduced time to hire
– Better costs-per-hire
The benefits of video interviews
– Qualitative pre-screening
If you’re using quantitative testing as part of your pre-selection process, then the natural extension of that is to use one-way virtual interviews to gather and incorporate qualitative data. When it comes to assessing intangible skills which can’t be easily assessed in a written format, or judging if a candidate has oversold themselves in their CV, video interviews offer a great solution to effectively evaluate a potential employee.
– Reduce time to hire
Streamlining the interview scheduling process and eliminating phone screenings can reduce the time to hire by a up to 50%. It’s a substantial advantage when you’re working in a crisis which makes virtual interviews a great tool. By bulk scheduling candidates in a narrow window for example, you can move onto the next hiring stage much quicker.
– Record and save interviews
With permission from the candidate, video interviews can be a great resource to a hiring team. On the one hand, a recorded interview makes it easier to improve the performance of interviewers and add continuous improvements in the recruitment process.
It can also accelerate future hiring decisions by allowing you to instantly assess a previous candidate for a new role that might come up.
– Reduce unconscious hiring biases [link to previous blog]
Diverse workforces add a variety of extra value to a company’s bottom line, but unfortunately recruiters and hiring managers often mismanage the early stages of their hiring process by not addressing the consequences of unconscious bias. Video interviewing provides an excellent opportunity to counteract this with strong, consistent and standardized interview processes. Creating universal formats for all interviewees gives them a greater chance to make a compelling case as to why they should be hired.
– Calendar-friendly global outreach
One-way video interviews can be delivered and reviewed whenever time permits, while conducting two-way interviews from candidates in different time zones and geographies is obviously much easier when occurring online. For anyone embracing a distributed and remote workforce, this means that you can truly act globally to secure the best talent in an agile way.
– Improve the cost-per-hire
When done right, video interviewing can save time and effort when it comes to things like manual screening efforts. If you’re looking to screen numerous candidates within a short time frame, then video interviews have a dramatic effect on the overall efficiency of the hiring manager, which in turn translates to real savings on the cost of hiring.
– Improve quality of hire
As a combination of all the above factors, you can also be confident in getting a better quality of candidate. By identifying deal-breakers and pre-requisites early in the process, and being able to make better comparisons among the potential employees, you can reduce the possibility of making a bad hire, and losing money.
Best Practice Tips
As a completely distributed recruitment company, Recognition One has direct first-hand knowledge on making remote hiring as efficient as possible. Our end-to-end guide covers:
– Beginning, during and end of calls
– End of interview
– Review and improve stages
Leverage video interviews to
Reduce Time to Hire
Streamline your recruitment process
Improve the cost per hire
Drive end-to-end hiring efficiencies
Improve quality of hire
Eliminate bad-fit hires and protect revenue
Book your free consultation
Find out how video interviewing can help your company