Video Interviews: Why Employers Are Making The Switch To Video
VIDEO Interviews Why are so many employers making the switch to video? RECRUITING COST BREAKDOWNS $210-395 Advertising HR Staff ( average salary )- Interviewer ( average salary). HELP $60,000 WANTED $45,000 Productivity Losses (average salary/day ) $134.53 O Entry-level- O Mid-level- • Executive-level- $269.06 $448.43 TOTAL/week: $2,902-4,656 AVERAGE COST SERNALENAL TO HIRE AN EMPLOYEE $4,882 $7,813 SCREENING COMPARISON Phone Video Tests verbal communication skills Tests non-verbal communication skills Later viewing & candidate sharing option Scheduling difficulty medium low Time-to-fill medium low Candidate experience medium high Need for face-to-face follow-up high medium Candidate honesty medium high Ethical/moral issues ( such as taking time off work to interview ) high low Dropout rate medium low Average time spent per candidate 30 min 3 min Average $ spent $107.69 $10.77 STANDARD RECRUITING PROCESS Hiring manager receives 100 resumes and immediately narrows them down to 40 2 HR PHONE VIDEO 40 are cut to OO000000 ID00 OO000000 40 are cut to 10 10 OO000000 1 phone screen takes as long as 10 video screens These 10 These 10 are narrowed to 4 in-person interviews are narrowed to 2 in-person interviews Manager makes the hire Hiring manager SAVES 23hrs and $2,211 per hire! * Based on the equation of time commitment multiplied by the average salary of 5 interviewers "Men trust their ears less than their eyes.' " - Herodotus Take SOURCES: Interview "Cost of Hiring." Grad Staff. N.p., n.d. Web. 11 Sept. 2009. <http://www.gradstaff.com/cost_of_hiring.html>. Davison, Barbara. "The Importance of Cost Per Hire - analysis of recruitment cost."BNET I News Articles. N.p., n.d. Web. 13 Sept. 2011. <http://findarticles.com/p/articles/mi_m0FXS/is_1_80/ai_69294704/>. "Monster Hiring." Monster. N.p., n.d. Web. 13 Sept. 2011. <http://hiring.monster.com/>. Sullivan, Dr. John. "Interview From Anywhere: Live Video Interviews Are Now a Best Practice (Part I of II)"ERE.net. N.p., n.d. Web. 13 Sept. 2011. <http://www.ere.net/2009/06/29/interview-from-anywhere-live-video-interviews-are-now-a-best-practice-part-i-of-ii/>. Sullivan, Dr. John. "Interview From Anywhere: Live Video Interviews Are Now a Best Practice (Part Il of II)." ERE.net. N.p., n.d. Web. 13 Sept. 2011. <http://www.ere.net/2009/06/29/interview-from-anywhere-live-video-interviews-are-now-a-best-practice-part-ii-of-i/> "Bad Hire Calculator." ADP Criminal Background Checks. N.p., n.d. Web. 13 Sept. 2011. <http://www.adpselect- info.com/badHireCalculator.html>.
Video Interviews: Why Employers Are Making The Switch To Video
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