In business, the individuals you hire can make or break your business. This is why it is crucial to have a thorough and rigorous hiring process. Most companies will have up to four different stages in the hiring process to select a candidate most fitting for their organization that will measure their competencies, soft skills, culture fit, and other qualities that will help them find the right hire.
However, before selecting your ideal candidate, you have to go through mountains of applications, which can be draining, both in terms of time, and money. According to the Undercover Recruiter, unsuccessful hiring may cost up to $240,000 in expenditures. These are split down into recruitment, remuneration, and retention expenses. According to CareerBuilder, 74 percent of businesses that made the wrong hire lost an average of $14,900 per bad hire.
The outbreak of the global pandemic has not made the hiring process any easier. Why? Because of the unprecedented lockdowns, employers have had to settle for video interviews, which while convenient, do not give you the much-needed insight into an individual’s qualities that might make them your perfect candidate or your biggest mistake. For example, if their demeanor, personability, and communication skills work well in a team or work well in a fast-paced environment.
Many hires are now based on resumes, referrals and one or two video interviews. The question is, is this enough? The answer is no.
Let me introduce you to Interviewer.AI. It is an all-in-one AI-powered video job placement software that enables applicants to respond to targeted and relevant questions on recorded videos. Our software then scrutinizes them based on critical attributes like sociability, professional competence, alertness, interpersonal skills, and many other skills that a potential hire should possess to make a significant contribution to the organization.
Once you post your job, we take care of the rest. This gives you the time to focus your time and resources on more high-level tasks instead of interrupting normal business operations because the human resource department is conducting a series of interviews.
We handle the initial interviews using our state-of-the-art technology. We employ a mix of heuristics from I/O psychology and machine learning to identify top shortlisted candidates. Our technology keenly analyses their skills, experience, educational qualifications, and also soft skills such as professionalism, energy levels, communication skills, and sociability. We then use the results to stack rank candidates allowing you to determine who is confident, outgoing, assertive, determined, passionate, and many other qualities that you look for during an interview.
Once you have reviewed the candidates, their resumes and LinkedIn profiles, and also their video responses to structured questionnaires, you can create a shortlist of candidates and share it amongst your team members to get their quick rating and feedback before you invite the most deserving candidates for a face to face interview.
By using Interviewer.AI, you eliminate the possibility of hiring individuals based on biases that you may or may not be aware of. One of our values is objectivity in the hiring process, and we guarantee this through our software.
Whether you are starting, established, a small, or a large organization, the benefits from hiring an ideal candidate to add to your team cannot be denied. Productivity levels are high, the financial contribution as evidenced through high levels of efficiency, increased sales, and a healthy work environment will undoubtedly outweigh their wage and other benefits that come with the salary.
Do you want to give this unique method of hiring a try? Then, please schedule a consultation with us. We also offer free trials so you can get a feel of this fast and efficient interviewing technique.