Traditionally, phone screens and a series of in-person interviews have been the best practice in recruitment. There has been a significant shift to video technologies for a myriad of reasons: reduce the time-to-fill; allow candidates and employers added flexibility and to make the overall process more efficient. Never heard of video interviewing? Join Christopher Young, CEO and Founder of Async Interview for this one hour webinar that will commence with a brief background on what video interviewing is as well as the two types of tools (pre-recorded/video screening and live video interviewing) that can transform the way that the hiring team manages the recruiting process.
Both pre-recorded and live video interviewing tools allow employers to reduce travel and save time in the interview process. But how much travel will be reduced? And where will the time be saved? Who will save it? This presentation will dig a little deeper into the ROI of video interviewing (e.g. reduced time-to-fill, increased recruiter productivity, reduced travel costs, etc.) In addition, Christopher will share various intangible benefits of implementing video which include (consistent candidate experience, fair interview questions and more objective hiring manager feedback). Together, the list of intangible benefits and ROI will help justify video interviewing as a solution for the majority of organizations seeking to improve their recruitment process.
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Building a Business Case for Video Interviewing
1. BUSINESS
CASE FOR USING VIDEO
INTERVIEWING
@ChrisYoungR
Presented by Christopher Young
HR & Recruiting
For
1
2. 5
@CHRISYOUNGR
Quoted In
WSJ, U.S. News & World
Report, Philadelphia
Inquirer, SmartCEO
Management Consulting
LAURENT CASTEL
Christopher Young
1
CEO at Async Interview2
Online Staffing & Sourcing Advisory
Board Member at HR.com
3
4. 2
PRE-RECORDED
Allows you to review unrehearsed
candidate responses to your
questions.
Assess candidates quickly and
efficiently while maintaining a
standardized and fair interview
environment.
@ChrisYoungR
Presented by Christopher Young
5. 2
LIVE
Allows your team to conduct a live
group interview anywhere in the
world.
Used to justify whether a candidate
should be flown in for a final onsite
interview.
@ChrisYoungR
Presented by Christopher Young
6. @ChrisYoungR
Presented by Christopher Young
1
What is your familiarity with video interviewing
prior to this webinar? (select all that apply)
Currently Evaluating
Currently Using Pre-Recorded
Currently Using Live
Know Something About It
Never Heard of It
7. 18
TRENDS
VIDEO IN RECRUITING
42%
OF COMPANIES USE VIDEO IN TALENT
ACQUISITION
58.3%
OF COMPANIES ARE USING MORE
TECHNOLOGY IN RECRUITING
@ChrisYoungR
Presented by Christopher Young
http://online.wsj.com/article/SB10001424053111904537404576554943587087926.html
http://www.unco.edu/careers/assets/documents/NACEJobOutlookNov2011.pdf
9. 25
Employers using
video interviewing
will have up to a
5-TO-1
ROI
in saved travel
expenses
70%
THE ROI
in reduced
time-to-fill
50%
@ChrisYoungR
Presented by Christopher Young
11. 20
SECTION III: The Tools & Information to Build a Personalized
Business Case
12. 21
6 Steps to Building
Your Business Case
Identify the
problem
Suggest a
solution
Outline
opportunity
items
Define
results
Justify the
solution
Plan for
Next Steps6 2
4
1
5 3
@ChrisYoungR
Presented by Christopher Young
13. 21@ChrisYoungR
Presented by Christopher Young
IDENTIFY THE PROBLEM(S)
LONG TIME-TO-FILL
NOT A DIVERSE CANDIDATE POOL
UN-ENGAGED HIRING MANAGERS
ANECDOTAL FEEDBACK
INUNDATED WITH PHONE SCREENS
INCONSISTENT CANDIDATE EXPERIENCE
TOO MANY FINALISTS
BAIT AND SWITCH CANDIDATES
1
2
3
4
5
6
7
8
What is the current
process like?
6 2
4
1
5 3
14. @ChrisYoungR
Presented by Christopher Young
1
Which of these problems are impacting your
daily operations most?
Long Time-to-Fill
Not a Diverse Candidate Pool
Un-Engaged Hiring Managers
Inundated with Phone Screens
Anecdotal Hiring Manager Feedback
15. 21@ChrisYoungR
Presented by Christopher Young
SUGGEST A SOLUTION
Reduce Time-to-Fill
There's no need to schedule prescreens. Candidates
can complete the interview anytime before the set
deadline and hiring team can view it anytime after that.
Add Convenience for Hiring Manager & Recruiters
Since videos are stored and saved, the hiring team can
review them on a PC or mobile device at their
convenience.
Gather Objective Hiring Manager Feedback
Hiring managers leave their ratings to our interview
rubric next to each candidate’s interview so we know
whether to move forward or not.
6 2
4
1
5 3
16. 21
OUTLINE OPPORTUNITY ITEMS
6 2
4
1
5 3
Opportunity Item Key Challenges
Reduce Time-to-Fill • Heavily Reliant on Recruiter and
Candidate Schedules
• Time-consuming to Get Hiring Manager
Feedback
Reduce Travel
Expenses
• Spending approx. $1,200 for a
candidate to fly in and approx. $300 for
a candidate to drive to our office
Improve Quality of
Hire
• Hiring Managers don’t see candidates
until final round
• Some skills are hard for recruiter to
assess
17. 21
Define Results
6 2
4
1
5 3
Opportunity Item Key Challenges Potential Results
Reduce Time-to-Fill • Heavily Reliant on Recruiter and
Candidate Schedules
• Time-consuming to Get Hiring Manager
Feedback
• Recruiter and Candidate Flexibility
• Convenience of Providing Feedback
Between Busy Schedule
Reduce Travel
Expenses
• Spending approx. $1,200 for a
candidate to fly in and approx. $300 for
a candidate to drive to our office
• Reduce travel expenses with live video
interview before onsite visit
Improve Quality of
Hire
• Hiring Managers don’t see candidates
until final round
• Some skills are hard for recruiter to
assess
• Recruiter and Candidate Flexibility
• Convenience of Providing Feedback
Between Busy Schedule
18. @ChrisYoungR
Presented by Christopher Young
1
What is your estimated cost-per-hire?
$0 - 500
$501 – 1,000
$1,001 – 2,000
$2,001 – 3,000
$3,000+
19. 21
Justify the Solution
6 2
4
1
5 3
Opportunity Item Objective
Result
Reasoning
•
•
•
@ChrisYoungR
Presented by Christopher Young
20. 21
Suggest Plan for Implementation
6 2
4
1
5 3
@ChrisYoungR
Presented by Christopher Young
Share
Best
Practices
Roll-outPilot
1 Take 3-4 recruiters and pilot
2 Share best practices with the whole team
3 Roll out using 3-4 champions and vendor to train teams
1
2
3
21. 21
6 Steps to Building
Your Business Case
Identify the
problem
Suggest a
solution
Outline
opportunity
items
Define
results
Justify the
solution
Plan for
Next Steps6 2
4
1
5 3
@ChrisYoungR
Presented by Christopher Young
22. About Async Interview
• Async Interview (www.asyncinterview.com) provides
pre-recorded/video screening & live video interviewing
23. Where to Go from Here
Map out your current interview process
Get a free ROI Analysis here
Download a simple video interviewing Business Case
template
Finalize your Business Case to present to leadership