Quoting the great Bob Dylan, ‘The times they are a-changin’.” And boy does that ring true today in the world of recruitment. During the pandemic, people had to find new ways to accomplish almost everything in their daily lives. In recruitment, companies transitioned to virtual recruiting, leveraging technology like live video interviews and one-way video interviews to enable continued recruitment and support new remote work environments.
Little by little, as we return to “normal”, companies across the globe have quickly come to realize that pandemic or not… virtual recruiting works! With a little tweaking to your recruitment process and some tried-and-true technology (*hint hint interviewstream), you can stay on trend with virtual recruiting while reaping the many benefits of video interviewing and beating out your competition.
Because it works – 81% of talent professionals agree that virtual recruiting is not going anywhere. Companies have embraced the flexibility, extended reach, improved time-to-hire, and cost-savings benefits that the change to virtual recruiting has brought.
Just as the workforce has pivoted to a hybrid model of remote and in-person work, a blend of hiring process elements, virtual and in-person, are now the norm. Virtual recruitment, especially video interviews, has become a mainstay in the hiring process, and here are several reasons why…
You are swamped… juggling work, life, kids, your two destructive yet adorable Labradors. And so are your candidates. So why not make your hiring process work for both your life and theirs, as well as giving them a great candidate experience as an added bonus?
Virtual recruiting tools like on-demand video interviews provide flexibility to both you and your candidates to start the interview process on your own time. These one-way video interviews can be recorded by candidates outside of business hours, allowing them to fit interviews into their busy schedules. In a recent survey, 75% of candidates said that virtual recruitment gave them more flexibility around scheduling (also eliminating the back and forth emails and phone calls) and 67% felt it made the process more convenient. One-way video interviews are not only useful to reach remote candidates but also a convenient way to screen candidates prior to in-person interviews.
Virtual recruitment combined with remote work has given us access to an extensive talent pool. Employers are no longer confined to interviewing candidates in their immediate geographical bubble – they can tap into a global candidate pool. Virtual interviewing technology connects employers to a wider spectrum of candidates and opens the door to a more diverse talent pool.
Companies have tapped into locations that have been untouched pre-pandemic to seek out talent, expanding the search from major cities to almost everywhere in the USA and even outside the United States. A win for both employers and candidates that have embraced the work-from-anywhere trend (and great news for digital nomads who love to spend December – March in, say, Bali).
Did you know that video interviews are 6X faster than phone interviews? Video interviews enable hiring managers to screen candidates quickly (especially when using one-way video interviews). And by using a designated interview scheduling tool after completing the initial screening one-way video interview, 84% of candidates self-schedule their live interviews within 24 hours, enabling much faster placement.
Video interviews can reduce your time-to-hire by 7-14 days, meaning you can snag the top candidate before your competitors. On one hand, you reach your candidates faster and make it simpler for them to complete their screening interview. On the other, you save time reviewing interviews (especially if you add a knock-out question at the beginning).
When we look at the future of both recruitment and work, we know this: It will never look the same as it did pre-pandemic. Companies that want to stay on top and hire the best candidates will have to adjust their hiring processes and technology stack, which is where interviewstream has you covered.
Talk to an expert today to find out how our video interviewing and scheduling technology can help you virtually recruit the best of the best to your team, all while saving you time and money.
Caroline Chessia is the Marketing Operations Specialist at interviewstream. She loves color-coordinated graphs, hiking in the mountains, and every dog she meets—especially the Golden Retrievers.