When Novartis Pharmaceuticals Corp., a global healthcare company, saw a rise in their hiring requirements, they decided to give video interviews a shot. They ran a pilot test in hopes of being able to find capable and talented employees at the earliest. By the end of the test run, NPC recorded having conducted 2,700 video interviews with a cost savings of approximately $475,000.
TMP is a renowned advertising and communications agency with offices throughout the world from North America to Asia and Europe. When TMP realized that they needed an advanced method that would help them make good global hires, they turned to video-interviews. By deploying video-interviews in the early screening stages, they were able to scan through maximum profiles in the least amount of time and curate a talented shortlist for further evaluation. This not only helped them avoid expensive screenings in the initial stages but also enabled TMP to access a wide range of profiles in the least amount of time – a process which otherwise could’ve been impossible to carry-out with the traditional hiring models. And these are just two cases among the many who’ve experienced the benefits of using video-interviews.
With a growing job market, recruiters face a number of challenges; mainly finding the right talent without going overboard on their budget. And that often means making a compromise. Should hiring managers choose to screen volumes of profiles until they find a good hire, there’s a good chance their budget will run short. On the other hand, if they plan to cut down on costs, they can choose from a limited talent pool and hope to get lucky, finding the right fit. Thankfully, video-interviews have changed that.
Video-interviews serve as an excellent tool where large hires are concerned. This could be creating a new division for an off-site project, finding the manpower to man a new factory unit or even filling in vacant positions for a start-up. Here’s how video-interviews can help.
- One-way video-interviews act as an excellent screening tool allowing you to access a wide range of profiles
- The automated scheduling feature lines up multiple interviews through days and weeks leaving you with zero administration costs
- Screening through volumes of resumes in a short span of time invariably expedites the hiring process, thereby saving costs associated with vacant positions
- By being able to assess a large pool of candidates, recruiters have a better chance of finding the right fit
- And of course, there’s managing all of the above on a small budget, thanks to massively slashing costs associated with travel, admin, manpower, and more.
Multinational corporations such as IBM, Hilton, Deloitte, and more have already jumped the bandwagon. But if you’re still trying to test the waters, you can start by using video-interviews as a screening tool. And once you’ve experienced the benefits, you can plan further ahead. For more, visit www.monjin.com