It is becoming increasingly more cost effective for companies to conduct video interviews with their candidates. Not only
does it save money but it saves time in finding the right employees, which has always been a challenge.
So, how can using video equal savings for your company?
You can screen candidates faster saving time and money. It has been estimated that one phone screen takes as long as 10 video screens. Not only will video interviewing save you time, but you will most likely save on losses from productivity on the part of the employee conducting the interviews.
It saves your company money and the candidate’s time when it comes to travel. Typically a company will pay for a candidate to come out for an interview which can really add up after factoring expenses such as flight, hotel, and meals. Sometimes after all of that, they find out that the candidate isn’t even a good fit. If your company does cover these costs, why not conduct a video interview before paying to bring them in!
It will cut down on turnover which will save money in the long run. Studies have shown that using video in the recruiting process leads to higher employee retention and higher achievement of yearly goals. The correlation between this is that, in the video interview process, you can make smarter decisions on candidates by evaluating personality and communication skills–an evaluation usually reserved for the one-time in-person interview. With employees staying in their jobs longer, you will not have to fill each position as often.
It will save your time and money by taking away the guess work. You will have the ability to evaluate the candidate on a higher level than you can in phone interviews. With video interviewing, it is just as easy as in person to pick up on a person’s body language and to assess other attributes that are important to you as the interviewer.
It will help with scheduling difficulties that lead to time savings for everyone. Many video interviewing services offer the ability to store interviews for the future enabling you to share it with your colleagues who will be making decisions on the new hire as well. This will save the time it will take for them to schedule and conduct their own interviews.
Also, you can utilize prerecorded video interview services to have preset questions for candidates to answer on their own time. You can also keep the candidates video interview on file for future positions.
Saving time saves money and video interviewing makes both a reality. It really is an emerging trend among recruiters who have recognized the time and cost savings. It’s time to get acclimated to video interviews if you aren’t already to find the best candidates at your fingertips!
Do you think video interviewing is for you? How will you implement a new video interviewing plan for your company if there is not one in place?
IMAGE: Courtesy of Time Savers