Best way to hire in 2015. It seems that companies, new and old, are seeking better, improved ways that will help their recruiting efforts be successful. Why do so many try to re-invent the wheel, when proven systems have been found and are at work here and abroad. The smart recruiters and recruiting consultants were introducing video interviewing over a decade ago to their clients. I can speak from experience on how virtual interviewing became a game changer to progressive clients who understood the true value, and how to effectively use it within the recruiting process. Innovative CEOs grabbed hold of this technology over a decade ago to make them better at hiring. Here we are in 2013, and most companies are still not using virtual resumes and interviews to improve their recruiting process. And the few CEOs that have embraced these technologies, are often trying to re-invent the wheel, instead of following a proven system that already has a successful track record.
One of the smartest CEOs I ever consulted for implemented video interviewing back in 2000, which led to significant speeds in hiring and driving down costs. This allowed the sales organization to hire at a rate that outpaced their competitors on a national level. They were able to hire faster, for less money, and attract better people. This company was soon acquired by GE for over $300 Million. Why? Obviously many reasons led to the companies success, yet this CEO will tell you that he always knew the value of recruiting. He also knew the cost of making a bad hire, which he quoted at $100,000.00 back in 2000. Even though recruiting was not his core business, as it was a sales organization, he knew that creating a world class recruiting model that he could scale for the GE and IBM's of the world would prove invaluable, and differentiate his little company. Anyone can hire a salesperson, but he who can hire the better sales person in a shorter time period, for less money, wins! And he did, win!
If you are a VC or CEO today, I encourage you to work with the experts in the recruiting world. Not just the agencies that will happily bill you 20-33% to use their process (which works some of the time, hurts your cash flow, and is not scalable if you needed 100 new hires tomorrow), but to work with recruiting consultants that will educate you on the recruiting process, and partner with you on implementing a model within your organization that leads to a more effective and less costly solution that is scalable, sustainable, and works every time!
All tips from the community are welcomed.
