Posts Tagged ‘Barons’
Interviews on Video? Read Baron’s article: Match.com For Employers
Are interviews on video becoming more accepted? Apparently so. Even Barons magazine chose to mention them as long as a year ago. Article below:
Match.com for Employers? Edited by ROBIN GOLDWYN BLUMENTHAL BARONS – April 28, 2008 JOBLESS CLAIMS ARE STILL SHOWING SIGNS OF A LACKLUSTER economy, but there's now an electronic way for people to put themselves in front of potential employers — the InterviewStudio.com. The brainchild of Colleen Aylward, founder of Devon James, a Seattle recruiting firm that spent a year helping Amazon find employees, the software package lets job seekers showcase their talents on the site with their résumés, a video interview, recommendations and other helpful items for $150 a year. Companies pay Aylward $1,200 to $5,000 a month to keep an InterviewStudio link on their Websites for hiring purposes, enabling them to more efficiently screen potential candidates, without hiring a high-priced executive recruiting firm or being constantly spammed by them. "Management search savings could be in the tens of thousands of dollars," says Aylward. Consider that an $85/hour internal recruiter might screen 15 candidates at two hours each, for approximately $2,500. Calculate a six-hour round of interviews in one day with six to eight highly paid employees, at, say, $134 an hour. "That's approximately $6,500 for each day that is wasted on a round of interviews with a candidate that isn't the right fit," says Aylward. She adds that generally at least two of these exercises in futility take place in a large organization each month. Add flight, hotel and cab expenses and, well, you get the picture. (The site has a return-on-investment calculator built into the employer page.) So far, InterviewStudio is gaining fans. Recently, Gartner Group dubbed it as one of 2008's four "Cool Vendors for Human Capital Management Software." — Leslie P. Norton So, as Barons and Gartner both agree, there is a future for Interviews on Video done correctly, especially in this recent economy where saving time and money is paramount. "Cool Technology" aside, it's even cooler to get greater return on every recruiting dollar spent.
