7 Proven Ways Video Interviewing Software Can Improve Your Bottom Line in 2023

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You may be wondering if video interviewing software is really worth the investment. Of course, it can be hard to know if a new piece of software is worth the investment, especially when there are so many options out there. However, the war for top talent is only getting more intense as the job market tightens. You must move swiftly and make an excellent first impression to win the most qualified candidates with the help of video interviewing software.

Therefore, after extensive research, we have uncovered 8 proven ways video interviewing software can improve your hiring process.

Leveraging the power of video interviewing software allows you to easily identify top candidates, saving time and money in the long run. Here are seven ways it can help your bottom line in 2023:

Save time on scheduling

A recruiter saves time on scheduling with video interviewing softwareVideo interviewing software is a great way to conduct interviews without having to coordinate schedules or book flights. You can also use it to conduct initial screenings before inviting candidates to on-site interviews. This can definitely save you time and improve your bottom line in 2023.

Moreover, video interviewing software is easy to use and can be accessed from any device. Ultimately, making it convenient for both interviewers and candidates.

Save on travel costs

A recruiter can avoid travel costs by leveraging video interviewing softwareWhile video interviewing software may have up-front costs, on the other hand, it can save your company money on recruiting. This is because video interviewing eliminates the need to pay for travel expenses – both for your company’s representatives to travel to the candidate’s location and for the candidate themselves if they are coming to your office.

Not only does this save on airfare and lodging, but it also cuts down on lost productive time spent traveling. As a result, video interviewing can greatly reduce recruiting costs and improve your company’s bottom line.

Improve the candidate experience

A recruiter improves candidate experience with video interviewing softwareNot to mention, candidate experience is everything when it comes to hiring new employees. If candidates are not treated well throughout the hiring process, they will be less likely to accept an offer. Video interviewing software can help you improve the candidate experience by making the process more efficient and streamlined. So, no more last-minute cancellations, and no more angry candidates who have been stood up 15 minutes before an interview time.

In addition, video interviewing software can help you track candidates, ensure that each one is treated fairly, and mitigate bias. By using video interviewing software, you can improve the candidate experience and increase your chances of hiring the best employees for your company.

Streamline the hiring process

A recruiter using video interviewing software to streamline hiringVideo interviewing software can help you streamline your hiring process by cutting down on wait times and improving the overall quality of the experience. In some cases, video interviewing software can provide more accurate results in less time than traditional interviews. For example, video interviewing software can help you assess a candidate’s nonverbal communication skills, which research has shown to be a strong predictor of job performance.

Overall, video interviewing software can be a valuable tool for any business that is looking to improve its hiring process.

Reduce the cost of hiring

A recruiter using video interviewing software to save hiring cost overallThe process of recruiting and hiring new employees can be costly and time-consuming. One way to reduce the costs associated with hiring is to use video interviewing software. Video interviewing software makes it possible to reach a wider pool of applicants and identify more qualified candidates.

In addition, some video interviewing software, like EVA-SESS, lets you generate trusted and scientifically validated personality reports for better applicant insights.

By increasing interviewer flexibility

A recruiter improves employer flexibility with video interviewing softwareWith video interviewing, gone are the days of interviewers being tied to their desks to conduct interviews. With this technology, they can now conduct interviews from anywhere in the world – whether that’s from home, on the road, or even on the beach! This increased flexibility means that your best talent is no longer restricted by location, which can only be good for your business.

More specifically, this is especially beneficial for companies with multiple offices or remote employees.

Increased data security and collaboration

A recruiter uses video interviewing software to improve data securityWhen using video interviewing software, all your data is stored securely in the cloud. This means that you don’t have to worry about losing important data if there is a power outage or other technical problems.

Furthermore, video interviewing software also makes sharing data with others in your company easy. This can be helpful when multiple people are involved in the hiring process. Also, this makes it easy for everyone to be on the same page and make sure that the best candidates are being considered.

Overall, video interviewing software can help you keep your data secure and make the hiring process more efficient.

To sum it up

Video interviewing is a great way to improve your bottom line by saving time and money while still finding the best candidates. By 2023, we predict that more companies will use video interviews as part of their screening process. Have you tried video interviewing yet? If not, now is the time!

EVA-SSESS is a next-generation video interviewing software that enables you to pinpoint and hire top talent fast by testing and evaluating key skills and abilities through secure and unbiased video assessment interviews.

Want to see EVA-SESS in action? Get a free walk-through demo here!

Identify top talent faster

Scaling up? Assessing remotely? Keep your pipeline moving with video assessment interviews, a premium and advanced one-way screening tool from Elevatus.
Request demo

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