HireVue Featured on Fox News Today
Fox News discussed video interviewing today in their regular segment “On The Job Hunt,” and mentioned HireVue – reporting that HireVue’s Video Interview Technology customers are seeing 3 to 10 X savings by using HireVue. You can watch the Fox News: On the Job Hunt report here.
We’re excited to see reports like this because they show how video interviewing is becoming mainstream. Network news is pretty limited on the amount of information they can provide in short segments like this. So in addition to their discussion of the obvious benefit of travel cost savings I wanted to add a little more context.
Don’t get me wrong, I don’t mean to marginalize travel cost savings – it’s a HUGE reason companies use video interviewing, but there are so many other aspects that can pack a far more powerful punch. Take for instance the efficiency gains that can be realized in the hiring process. One client of ours recently informed us after doing an ROI study that just the aspect of video interviewing reducing manager’s time spent in interviews meant a 2.5 to 1 savings over travel cost savings alone!
The report focused pretty heavily on free services such as Skype. It’s important for enterprise employers to understand that these services can work well for one-off interviews but they’re not meant to support high volume, high impact hiring. Not only can they be difficult for employers to support both in terms of interview logistics and technical support but they are not built to the stringent data security requirements most enterprise organizations need – let alone those required by Safe Harbor legislation in the U.S. and E.U.
Another area to consider is the benefits candidates get from video interviewing. Candidates sometimes share their appreciation for video interviewing with us – here are some of the sentiments we’ve heard:
• “I can do the interview when I’m available and don’t have to try to hide it from my boss.”
• “There’s no travel needed to keep the interview process moving forward.”
• “I don’t have to burn vacation time.”
• “I get to tell my story once and can rest assured it will be heard by the right people.”
• “I can uniquely explain my value in a way my resume can’t.”
• “I spent less time in my search interviews so neither I nor the employer had to spend unnecessary time once we knew there wasn’t a fit.”
• “It’s easy to use.”
• “I got to keep the webcam!”
• “I was able to learn so much more about the company through the introductory video that was played before my interview.”
Whether done by HireVue or another provider, we think video interviews will continue to play a significant role in the future of recruiting and don’t be surprised if you start seeing more reports like this. We see a lot of evidence of growth having facilitated interviews in more than 100+ countries in 2009 for companies like AT&T, CDW, Raytheon, PNC Bank and many others. Companies just need to decide what’s critical to them. If travel costs are the only concern a free service like Skype can work well, but if complexity in the hiring process, data security and an improved hiring experience for candidates and hiring managers are more important, a service like HireVue which is built specifically to address enterprise hiring concerns may be a better fit.
Mark Newman
CEO, HireVue
To learn more about how HireVue helps companies save on travel costs AND realize deeper process and efficiency gains, sign up for our free webinar on Video Enabled Talent Acquisition held in conjunction with Aberdeen Group on January 12th, 2010. During the webinar analysts from Aberdeen will discuss recent research on video interviewing in addition to best practices for implementing video interviewing into a well rounded talent acquisition strategy. Click Here to register.
