By September 11, 2015

How video interview software can help grow your business

indexIt’s been said multiple times that time is money And this is key to how video interview software can help grow your business. 

Let’s sit down and do some simple math.  Imagine you’ve got a team of New Hires which need to be acquired in the next month for a division of your sales’ floor.  You’ve got to employ twenty of them, and you have a candidate pool that is four hundred strong.  Each of the candidates in this pool has qualifications which make them a fit for the position, but any hiring agent realises that how a person appears on paper, and how that person is in real life, aren’t the same thing.  Either the person over or under represents themselves; or there are outright lies on the paper.  This is why physical interviews are so important.  But the biggest component of a physical interview is the visual aspect.  Ergo, video interview selection software is a way to have your cake and eat it too.  Rather than coordinating four-hundred interviews and setting aside several valuable days of company time, you can just use some combination of automated video interviewing software, or online video interviewing software, to have a prospective candidate answer a few questions and help you determine immediately whether they fit the bill. 

So on the math end, if it takes ten minutes to conduct an interview and ten minutes to decide if an interviewee fits the requirements of your organization, then you can conduct three such interviews in an hour, or twenty-four in a day.  That’s assuming the day is eight hours.  Now most organizations allow for a one hour lunch/break combination throughout the day.  This means you can get twenty-four interviews completed over the course of nine hours if everything is proceeding ideally and there are no delays.  Let us continue from this assumption. 

If there are 400 applicants, you’re looking at 16.6 work days in order to find that 20 person sales team you are after.  If the hiring personnel are paid $20.00 an hour, you’re looking at a flat $3,000.00 for that hiring person to find your 20-person team. (16.6 work days X 9 hours (including break) per work day, X $20.00 = $3,000.00.)  By contrast, if you’re using automated video interviewing, the individual can make a determination based on several pre-prepared questions and isn’t required to sit through the entire interview.  In such a way you can zoom through the 400-person candidate list, find the twenty who best fit your needs, and conduct all twenty of those necessarily personal interviews in a single workday.  At most, you’re looking at 18 hours (two work days) multiplied by $20.00, which comes out to $360.00, or just over a tenth of the cost involved in interviews that aren’t conducted via video interview.  With arithmetic, it’s easy to see how video interview software can help grow your business.  Utilizing it in this scenario would save $2640.00 in a single month.  Imagine if you’ve got to hire a new sales team monthly.  Video interview software could save you around $32,000/year at the rates discussed here.

So when you ask how video interview software can help grow your business, numbers give a solid answer that’s difficult to contend against.  Sonru is a purveyor of video interview software that stands to save you thousands every year, if used correctly.  Imagine what you could do with an extra $32,000 in malleable assets annually available to your business.  Sonru can make such things a real possibility, allowing your business to grow unimpeded.  Contact Sonru for video interview solutions that are absolutely quantifiable.

Posted in: Editorial

About the Author:

More than 20 years in the IT industry. Blogging with a passion and thirst for new technology since 2005.
Loading Facebook Comments ...

Post a Comment