How Video Interviewing Software Can Boost Your Recruitment ROI: 4 Things You Need to Know
Recruitment is costly – from advertising to taking time off work to interview, the costs can quickly add up. And with no guarantee of a successful hire in the end, it’s no wonder that many businesses are looking for ways to boost their recruitment ROI.
One way to do this is by using video interviewing software. Video interviewing can save you time and money by allowing you to screen candidates before bringing them in for an in-person interview. And when used correctly, it can be an incredibly powerful tool for ensuring you hire the best candidate for the job.
Key Features of Video Interviewing Software
Video interviewing software presents a myriad of features designed to streamline the recruitment process and elevate hiring efficiency. These features include:
- Remote Candidate Screening: This allows recruiters to assess candidates’ qualifications, personalities, and communication skills without the need for in-person meetings. By using video, recruiters can efficiently evaluate a candidate’s suitability for the role.
- Scheduling and Convenience: The software often includes scheduling tools that streamline the coordination of interviews. Recruiters and candidates can mutually agree on suitable times, reducing scheduling conflicts and enabling seamless remote interviews.
- Customizable Interview Formats: Video interviewing software allows for various interview formats, such as one-way recorded interviews or live video sessions. This versatility provides flexibility for both parties, catering to their preferences and optimizing the interview process.
- Collaborative Assessments: Some platforms offer collaborative features that enable multiple team members to participate in the interview process. This fosters team engagement and ensures a comprehensive evaluation of candidates through group interviews or panel assessments.
- Analytics and Feedback Tools: These features enable recruiters to assess candidate performances, compare responses, and gather insights for better decision-making. Additionally, they facilitate structured feedback, ensuring a cohesive evaluation process across the recruitment team.
- Integration Capabilities: These platforms often integrate with applicant tracking systems (ATS), allowing for a seamless transition of candidate data and streamlined hiring workflows. Integration capabilities facilitate a more organized and efficient recruitment process.
- Candidate Experience Enhancement: Through intuitive interfaces, clear instructions, and support resources, these platforms aim to make the interview process convenient and user-friendly for applicants.
4 Ways Video Interviewing Software Can Boost ROI
Here are four things you need to know about video interviewing software and how it can boost your recruitment ROI.
1. Video Interviewing Software Can Help You Save Time and Effort
As mentioned above, one of the most significant advantages of using video interviewing software is that it can help you save time in the hiring process. Instead of scheduling in-person interviews, you can screen candidates ahead of time. This way, you only have to bring in the candidates who look promising on paper (and on-screen).
Not only does this save you time, but it also saves the candidates’ time. They don’t have to take time off work or make childcare arrangements just to come in for an interview that may not lead to a job offer.
Plus, you can use the software to conduct interviews with candidates who are located far from your office. This can be a great way to save on travel expenses and ensure you’re considering the best candidates, regardless of their location.
Overall, video interviewing software can help you save significant time in the hiring process, allowing you to focus more on what’s important.
2. Video Interviewing Software Can Help You Save Money
In addition to saving time, video interviewing software can help you save money on hiring. First, as we just mentioned, it can reduce travel expenses. But it can also lower advertising expenses.
For example, you can post your job openings on your website or online job boards with video interviewing software. This allows candidates to easily apply for your open positions, and you don’t have to pay for advertising in newspapers or other traditional media.
Moreover, with certain software, you may be able to get a discount on your monthly subscription if you commit to using it for a specified period. This can help you save even more money over time.
Overall, video interviewing software can reduce your hiring costs by up to 96%, which you can then invest in other vital areas of your business.
3. Video Interviewing Software Can Help You Attract Top Candidates
When you use video interviewing software, you’re not just saving time and money; you’re also expanding your pool of candidates to include those from all over the world.
This is particularly beneficial if you’re looking for highly skilled candidates or those with specific experience or expertise. With the software, you can connect with candidates who might not be able to attend an in-person interview.
Furthermore, when candidates know that you’re using video interviewing software, they may be more inclined to apply for your open positions. This is because they understand they won’t have to arrange for time off work or childcare just to attend an interview. So, if you want to attract better candidates, using video interviewing software can help.
4. Video Interviewing Software Can Help You Make Better Hiring Decisions
Last but not least, video interviewing software can help you make better hiring decisions. This is because it allows for a deeper understanding of the candidates and how they might fit into your company culture.
With an in-person interview, you might only speak to the candidate for a few minutes. However, a video interview can give you a better sense of their personality and communication style. You can also observe how they interact with others (if you opt for a group video interview).
Additionally, you can use video interviewing software to pose specific questions to candidates and receive detailed responses. This ensures that you’re making the most informed hiring decisions for your company.
Wrapping Up
To conclude, video interviewing software significantly streamlines the recruitment process, leading to better hires and higher ROI. This technology not only saves time and money but also extends your reach for candidates.
Embrace the modern approach to recruitment with video interviewing and position your company as a progressive employer. Don’t hesitate to integrate this tool into your hiring process and witness the benefits for yourself.
