The world of recruitment is transforming! There are more and more technologies to improve your Candidate Experience and optimize your recruitment processes. Today Fischer & Partners Recruitment & Executive Search talk about video interviews, a technology that has clear advantages for both you and your candidates. Keep reading to know the detail!
The 5 main advantages of using video interviews
1. Improve your Employer Branding
In an increasingly competitive labor market, a good employer brand is a key factor in attracting the talent you are looking for. According to this survey, a company committed to new technologies, even in its recruitment, will transmit an innovative and positive image to 74% of the candidates.
Millennial talent, which currently occupies the most significant percentage of the labor market, is especially demanding when giving a company the approval. They not only seek a good offer but values to identify with, such as welcoming new technologies.
2. Improve your Candidate Experience
In the first phase of the process, your candidates need to answer your call during business hours. Then they have to commute to your office for a 15-30 minutes interview and have to fill out a thousand-question form. What if you avoid so many steps and frustrations?
Video interviews allow you to complete the interview wherever and whenever your candidates want. They can do it with the mobile, in the place where they are most comfortable, and at a time that does not interrupt their day to day. As you can customize the interview templates, your candidates will answer all the questions you indicate, avoiding the forms.
Also, by integrating with your ATS, you can see the results of the video interview and give instant feedback to your candidates. Long live electronic and constant communication!
3. Reduce hiring time
If you use integrated ATS with video interviews, you can reduce the hiring time between 50% and 80%. Why? The integration allows you to send video interviews while managing a process, track the results, and give automatic feedback to your candidates from a single site.
As the process is easy for your candidates, the response rate of video interviews concerning other more traditional forms of evaluation is much higher. Most candidates respond to a video interview in 3 days.
Finally, you can check the previous video interviews of your candidates from your ATS. This way, you will know if a candidate fits for a new position even before sending another interview.
4. Reduce the cost of hiring
Video interviews can reduce the cost of hiring by 30-60%. As you can imagine, part of the savings is due to the reduction in time dedicated to face-to-face or telephone interviews. But a less evaluated data is the cost of a bad contract. This is a joint event, with 74% of recruiters stating that they have made bad hiring at some point in their careers. Bad hiring can cost twice the employee's annual salary.
Among the most prominent reasons for a bad contract is the lack of culture fit. That is, how the candidate fits with the culture of the company. With the video interviews, you can assess the culture fit of the candidate from the beginning of the process, avoiding that the candidates you promote lack of this vital point for good recruitment.
5. Ensure consistency in your recruitment processes
Sometimes, in-person interviews can be somewhat subjective. However professional we may be, a bad day or lack of time can affect how we interact with a person. Video interviews allow you to be more consistent. There is no interviewer, and all candidates have the same time to answer the same questions from your staff.
Also, having video interviews integrated with your ATS, it is easy to share the results of a candidate with other collaborators of the offer. Advising a candidate can reduce the bias, conscious or unconscious, that a recruiter may have about the candidate.