Why is everyone so focused on quality of hire? Because exceptional hires are the heartbeat of a thriving company. The quality of your hire increases productivity, improves retention, maximizes revenue, enhances morale and reduces costs.
Resumes and phone screens were once the gold standard of hiring, however, they do not paint a full picture of the candidate’s suitability for a role. They fall short in capturing a candidate’s skills, potential and personality.
Companies are now turning toward alternative methods for assessing candidates. Video interviews allow candidates to showcase their communication skills and personality. Skills assessments and work samples give employers tangible evidence of performance. These tools combined give you a stronger assessment of the quality of your hire from the start.
Go beyond the resume with digital interviewing tools. Check out our best practices below for help in finding candidates who truly excel.
What is the quality of hire? Quality of hire measures the value a new hire brings to the company. Quality of hire is usually measured with a score or percentage. Your employees’ scores can be tracked over time to measure improvement and to identify high and low performing employees.
You need to examine further than simply the cost of hire and time to fill. Quality of hire should track job performance, cultural fit, skills, values and aspirations to get the full picture and ensure long-term employee satisfaction and retention.
Anyone can list skills on a resume. In general, resumes have their own list of weaknesses:
Resumes alone do not give employers the full picture of their candidates. Relying solely on a resume or phone screen manufactures an evaluation that overlooks some of your most quality potential candidates.
Simply relying on dated recruitment efforts will not help you source the best quality hire in todays workforce. This is where video interviewing steps in. Video interviews hold benefits that resumes and phone screens can’t provide.
Video interviews also simplify your holistic interview approach. You can incorporate live video interviews too:
As you begin to incorporate video interviewing into your recruitment process, it is essential that you choose software that is created specifically for interviewing. Many recruiters believe that free, live video calls will suffice but they won’t provide the added features that create a well-rounded interview process and take your recruitment to the next level. interviewstream software plays a role in the entire process. From AI Recruiting Assistant to help with job descriptions, email communications, social media posts and interview questions to interview insights for data-driven recruiting, employee onboarding tools, and the ability to integrate with any ATS—dedicated software brings the process full circle.
Pro-Tip: Check out our blog with our top tips for conducting video interviews.
39% of talent leaders agree that quality of hire is the most valuable metric to evaluate. Despite its obvious significance, quality of hire is one of the most difficult metrics for teams to measure. Here are a few tips for the measurement process:
Knowing your quality of hire metric means you can pinpoint your weak spots and adjust accordingly.
It’s time to ditch the old and incorporate the new. Traditional resumes and phone screens had their time and place but they will no longer help you obtain top candidates. It is essential to recognize that you need the right tools in place to get a comprehensive evaluation of your candidates to find the best quality hires.
interviewstream has the tools you need to move forward and assess your quality of hire so you can obtain and retain the top performers for your company. Talk to an expert today to start looking beyond the resume!
Monique Mahler is the CEO of interviewstream. She is an avid researcher of facts, a self proclaimed marketing geek, and an equestrian in her spare time.