Thinking of investing in digital interview platforms? Incorporating technology into the very human process of choosing a candidate for a job can bring welcome advantages, including faster time-to-fill and lower hiring costs. Here we’ll outline five benefits of leveling up your hiring process with digital interview platforms.
It's safe to say that the global economy is increasingly fueled by digital hiring and recruitment. It's a trend that's here to stay, and only businesses with the right tools can get the most out of it. Below are details of how digital interview platforms streamline hiring processes:
Time is money — even in hiring and recruitment. Companies spend money on posting job ads, interviewing, and assessing applicants for a position. They also pay for lost productivity and team inefficiency until a vacant role is filled. One can imagine how a protracted search for a qualified candidate — stretching to weeks and months — can contribute to company expenses.
Digital interview platforms effectively shorten companies’ hiring timelines through smarter hiring practices. One of these is through the use of video interviews. Using a digital platform, HR can schedule virtual meetups anytime, anywhere globally, without travel and in-person availability constraints. This flexibility helps hiring managers determine applicants’ eligibility faster than if both parties meet face-to-face in the company building.
Another way digital interview platforms cut down on waiting times is through skill-based
assessment. Hiring is only deemed successful if the candidate accepted for the job can do the job effectively. Digital interview platforms incorporate a range of technical, psychometric, and skill assessments to clarify whether a promising candidate can back up their talk with on-the-job competencies. Otherwise, hiring managers will have to go back out on the field and repeat the same process.
By eliminating pain points and bottlenecks in the hiring process, digital interview platforms help companies fill open positions faster and more effectively.
Digital interview platforms create a highly efficient hiring process largely thanks to the automation of routine processes. Artificial intelligence makes short work of processing mountains of text-based applications that consume numerous HR staff hours. Digital interview platforms are suited to repetitive tasks such as:
It’s not just companies who enjoy an efficient hiring process. Appcast reported that 50%-75% of candidates abandon their job applications when it takes longer than five minutes. The hiring process is the first point of contact for many applicants and furnishes a lasting impression of business competence, whether accurate or not. An efficient hiring process leaves applicants feeling that their needs were served even if they were not ultimately hired.
Besides resume reviews and screening, digital interview platforms produce high-quality candidate shortlists. Best-in-class digital hiring platforms automatically use candidate authentication features to verify profiles on professional networks and social media. If a candidate has no records or links to an empty profile page in their application, the platform can raise red flags and alert HR.
Collection and screening of required documents can also be automated within the digital hiring process. If a candidate has missing educational credentials or training certifications, the platform can be programmed to send notifications for follow-up.
Digital interview platforms increase the quality and size of a company’s talent pool. Automated resume screening, scheduling, and document collection enable HR to review more applicants daily and with fewer mistakes. A digital hiring process also narrows down a large batch of applications to a select few candidates, allowing for an influx of fresh applications.
Advanced platforms raise the quality of candidate pools by safeguarding against conscious/unconscious bias that excludes qualified applicants from the hiring funnel. People who have had different training or significant employment gaps are often overlooked in favor of those who have attractive resumes. This scenario is not only potentially discriminatory but downright foolish. With the ongoing Big Quit/Great Resignation, many qualified candidates’ resumes will look different in the aftermath of the COVID-19 pandemic. Digital interview platforms can help employers recognize talent, eliminating outdated perspectives in hiring.
All of these benefits create significant cost savings for employers and recruiters. Consider the following:
In summary, digital interview platforms streamline the hiring process by eliminating pain points and automating routine tasks. Digital hiring platforms shorten time-to-hire and time-to-fill while ensuring selected candidates have the right skills for the job. Lastly, digital interview platforms produce high-quality candidate shortlists through online vetting and skill-based assessment.
Filtered.ai streamlines the hiring process for technical industries. We raise the bar for digital interview platforms with comprehensive technical interviews, expert coding challenges, and a wide range of assessments designed to showcase skill and expertise. We are proud to say that we have helped companies fill positions in an average of five days and increased interview-to-hire from 4% to 60%.
Filtered is a leader in skill-based, data-driven recruiting technology. Our end-to-end technical hiring platform enables you to spend time reviewing only the most qualified candidates, putting skills and aptitude at the forefront of your decisions. We’ll help you automate hiring while also applying subjective, data-driven techniques to consistently and confidently select the right candidates. To get started, contact our team today or register for a FREE demo.