Why Video Interview

• 1.#whyvideointerviewHOW TO INTEGRATEVIDEO INTERVIEWINGINTO YOUR RECRUITMENT PROCESSMay 15, 2012

2. #whyvideointerview Welcome Your Moderator Our Audience Vice President, Marketing and Product Management 11% HR Strategy 20+ years integrated22% HR Manager marketing, channel communications, and technology 29% Recruiterswww.mbafocus.com 10 years [email protected] publishing industry; led digital product development including 18% Operations LMS integration and gated delivery 20% Not specified 3. #whyvideointerview Your Presenters Dave Hoy, Co-founder, MBA FocusRandy Bitting, CEO, InterviewStream Role with the organization Named as one of Inc.is operational, ensuring Magazines 30 under 30that MBA Focus is providingAmericas Topquality products and Entrepreneurs in 2007.services to all partners and Co-founder ofclients. InterviewStream, Bittings Immersed in the MBApassion and innovativewww.mbafocus.comrecruiting business sincewww.interviewstream.com product development [email protected] 1990, helped pioneer the [email protected] established him as a1.614.791.9000first MBA resume database1.877.773.3164thought-leader in [email protected] products that were [email protected] for the pastdistributed to recruiters. ten years. 4. #whyvideointerviewAbout MBA Focus At the front of businessleadership recruitment 20 years of innovation andthought leadership An exclusive closed network ofschools and employers employers 70+ top schools, international Global Focus a searchabledatabase of 75,000+ MBAs 5. #whyvideointerviewAbout InterviewStream History of innovation Established in 2003 400+ clients, in over 120 countries,over 400,000 completed interviewsmore than any other provider! Best candidate experience Winner of 2010 W3 awards Video-based platform Video, text and document analysis 6. #whyvideointerviewOur Goals for Today1. Five questions to ask before implementing a video interviewing strategy2. When to use pre-recorded and/or live video interviews3. How to build a positive, branded candidate experience using video4. Time saving tips and techniques for on-campus recruitment 7. #whyvideointerviewOur Format Explore Tips Recommendations Q&A 8. #whyvideointerviewBrief History of Video Engagement 8 9. #whyvideointerview2008-09 Recession Drives Adoption 52.1% of companies expected to decrease hiring Travel budgets slashed Companies and Career Services forced to do more with less Video interviewing for pre-screening candidates takes off Social media and acceptance of video by candidates explodes9 10. #whyvideointerviewBenefits of Video Interviewing Speed up screening process Increase recruiting productivity Reduce time-to-hire Improve quality of hire Share and collaborate Deliver a stronger employment brand Eliminate or significantly reduce travel costs10 11. #whyvideointerviewTop Benefits Eliminate or significantly reduce travel costs Reduce time-to-hire Expand recruiting reach11 12. #whyvideointerviewSave More Than 86%*Source: 2011 Corporate TravelJust the factsWithoutWithIndex, Business Travel News**Source: salary.com 07/11, Video Interviews Video Interviewsbased on average HR directorsalary, higher-level salariedemployees not calculated***Average two-day loss inHARD COSTS: 6 candidates, 4 employees productivity when traveling VPsnot using InterviewStream.Costs based on filling 1 position -Air, Car, Lodging, Meals * $7,340 $0includes 6 candidates and 4 VPstravel costs. InterviewStreamVideo Interviewing $0 $300Hard Costs based on PremiumPlan (volume discountsavailable) Sub Total $7,340 $300SOFT COSTS: 6 candidates, 4 employees ** Total Savings UsingPhone Pre-Screening & Scheduling $748 $544Video InterviewsIn-Office Visits *** $ 0 8 Sub Total $1,836$408$952Over 86%GRAND TOTAL$9,176 $1,25212 13. #whyvideointerviewWider Reach. Stronger Relationships. Remove time barriers associated with international recruitment Make it easier to identify talent for niche roles Build stronger relationships earlier in the interview process 14. #whyvideointerviewTwo Types of Virtual Interviews Choose Pre-Recorded when you need to Screen high number of candidates quickly Differentiate on one or two qualifying questions Deliver a strong employment branding message Choose Live Video when you need to Go beyond the standard phone screen Widen search to include geographically diverse talent Reduce travel costs and work within a limited budget 14 15. #whyvideointerviewThe Recruitment ProcessVirtual InterviewingPre-Phone LivePhoneIn PersonRecorded VideoConnect/ Only best-fitScreenClarify Engage Confirm candidates15 16. #whyvideointerviewComparing Interviewing ProcessesTraditional vs. Virtual16 17. #whyvideointerviewTIP: Everyone prefers the personal touch, so letyour candidates know how your company usesvideo interviewing as a part of their overall hiringprocess.Best Practice 18. #whyvideointerviewCandidate Experience Familiarity with platform Relaxed delivery Video, Text & Document Analysis Better than text-only Flexible and convenient Candidates complete on their own time In a recent SoloCup survey of students who were interviewed using InterviewStreams pre-recorded video interviewing, 97% of students found the interview platform convenient to complete.18 19. #whyvideointerviewCandidate Experience Company brand Are you giving off the right VIBE Brings a cool factor to the interview process Quality of hire Identify candidate fit earlier Retention Visual feedback Assess non verbal cues Arie Ball More professional than a phone screen VP of Talent Acquisition Sodexo, Inc.19 20. #whyvideointerviewTIP: Record a unique intro and questions that areconsistent with your companys overall employmentbrand. Give candidates specific details about whythey should join your company and what you haveto offer them as a MBA candidate.Best Practice 21. #whyvideointerviewVideo Interviewing as part of yourMBA Recruitment Process Extend your recruiting reach outside of core schools 2nd round interviews (OCR follow-up) Involve international hiring managers (live) Just-in-time hiring21 22. #whyvideointerviewThe MBA Recruitment ProcessVirtual InterviewingBranded On- Pre- videocampusrecorded Telephone Live VideoIn PersonoutreachEngage Confirm/Only best-fit Connect ScreenClarify candidates Collaborate22 23. #whyvideointerview#whyvideointerviewTIP: Live video interviews may be moreTIP: Live video interviews and be moreappropriate for management may leadership roles.Always consider your audience and leadership roles.appropriate for management when choosingAlways consider your audience when choosingbetween live and pre-recorded video interviews.between live and pre-recorded video interviews. TIP: Live video interviews may be more appropriate for management and leadership roles. Always consider your audience when choosing between live and pre-recorded video interviews.Best Practice 24. Video InterviewingPre-recorded demo 25. #whyvideointerviewDeveloping a Video Strategy 26. #whyvideointerviewYour Video StrategyFive Questions to Ask1. What is our current process? How can video best be utilized as a part of this process?2. For what types of positions/candidates will we utilize video?3. How can we utilize video to meet or maintain our employment brand objectives?4. What are the associated cost-benefits?5. Who will adopt and champion this strategy within our company? 27 27. #whyvideointerviewFinding the Right SolutionConsiderations Reliability/security of technology and data Flexible interviewing options Question set/library & delivery methods Training and implementation Customer support Cost and hidden fees28 28. #whyvideointerviewImplementing Your Video Strategy Conduct a pilot Niche recruitment, such as campusrecruiters/MBA recruitment Evaluate Quantify ROI; Identify improvements to HR,organizational processes and performance Rollout to Talent Acquisition team Expand Strategy to include career fairs, internalmobility, and redeployment29 29. #whyvideointerviewQuestions & Answers 30. #whyvideointerview#whyvideointerviewContact Todd Erdy to get started: 614.339.2080 [email protected] visit https://www.mbafocus.com/VirtualInterviewing.aspx for more informationThank you!For more information about video interviewing or video recruitment strategies,call 614-791-9000 or visit: https://www.mbafocus.com/whyvideointerview.aspx 31. Contact Todd Erdy to get started: 614.339.2080 [email protected] visit https://www.mbafocus.com/VirtualInterviewing.aspx for more informationGet Started!To schedule a demo contact Todd Erdy614-339-2080 [email protected]