Video interviewing has gained as much press as any other topic in the recruiting world over the last several years. Risk aversion is often the key discussion, ranging from OFCCP compliance to avoidance of 'disparate impact' due to affecting groups of citizens that may not have access to webcams. The discussions have ranged from intelligent to the absolutely absurd, while at the same time, we see the following trends:
Organizations continue to decentralize in an effort to capitalize on globalization and increasing levels of consumption within develooping economies. At the same time, Internet Video adoption continues to grow at massive levels due to YouTube and the oncoming wave of IPTV. The point is that most organizations understand cost drivers and how time-to-fill negatively impacts the bottom line, so the need and demand is here today for a video interviewing solution that offers the necessary blend of ROI and OFCCP compliance.
- Expenses due to candidates traveling to our locations for interviews has been increasing greatly due to rising transportation costs.
- Lodging and meals expenses are also driving up Cost-to-Hire, and we’d like to mitigate those.
- Our time-to-fill has been increasing and we’d like to better get it under control.
At LG & Associates, we know that competitive advantage is maintained and harnessed through our ability to recruit, engage, develop, and retain our biggest asset: human talent. Our Video-Smart Solution and back-end architecture allow you to easily log in and view a number of competing candidates with ease.
We will work together with you to craft the behavioral interview questions and create the video interview in 10 minutes or less. At this point, we take over all the shipping of the webcam to the candidate and assist the candidate in getting set up and rolling. Once this is complete, simply log in, click on a candidate, and watch them answer a standard battery of questions that help you gauge who you’d like to approve to the next round.
While newly implemented, a key client based on the U.S. West Coast, reports that Time-to-Fill among global sales positions has been reduced by over 40%. Cost-to-Fill is currently reported to be cut in half over the last 3 months. In addition, Hiring Manager Satisfaction has risen to record levels within the organization. We are awaiting Quality-of-Hire data, but all evidence points to an increase there as well.