Hiring labor is one of the biggest expenses among organizations.
Employers have found innovative ways to get this work done more efficiently at lower costs. This is how the contingent workforce was born.
A study from Oxford Economics found that 83% of executives are planning to increase their use of contingent workers over the next three years.
But, as the demand for skilled and qualified people surmounts the supply, the competition for getting the top talent has increased substantially. With so much on the plate, it has gotten harder for employers to select the best contingent workers.
Let’s have a look at all the challenges that contingent staffing poses.
Challenges of Contingent Staffing
Developing an effective and efficient hiring process is not an easy job, and being tasked with hiring a bulk number of employees in a short time has its own set of unique challenges. Here are some of the challenges that recruiters face during contingent staffing:
- Getting top talent based on the requirements.
- Screening numerous candidates within a short time frame
- Evaluating abstract skills.
- Assessing candidates beyond their resumes.
- Interviewing remote candidates for team expansion.
- Staying within the budget.
Solution for these Challenges
With the abundance of online hiring tools, the entire hiring process can now be operated remotely. This has resolved a lot of hiring challenges. Recruiters no longer need to manually send emails, schedule, and conduct hiring rounds to assess each candidate individually.
Contingent staffing takes place in bulk, and one of the biggest challenges that recruiters face is screening and interviewing a large talent pool. One such tactic that can be used as an all-round solution for contingent staffing is video interviewing. Video interviews can be used during the screening process as well as during the final interviewing process.
Video interviews are helpful when:
- Candidates and recruiters are in different locations and want to save time.
- Recruiters want to screen a large number of candidates during the early hiring stages.
- Interviewers are at different places and want to connect with candidates through a video conference interview.
- Recruiters want to assess the personality traits of candidates but have limited resources.
Benefits of Using Video Interviews in Contingent Staffing Process
Video interviews provide a lot of benefits. Let’s have a detailed look at all the benefits that video interviews provide during contingent staffing.
Improve the quality of hire
Bad hires can set your company back and move you further away from your business goals.
Video interviews help assess the candidates better. Important red flags can be identified early in the process, reducing the possibility of a bad hire. These interviews enable you to see past the nerves, allowing you to find candidates who will be the best fit for the job.
a video interview really lets you observe the candidate, their body language,
and how they answer questions.”
• Carole Martin, SPHR of The Interview Coach
Reduce hiring costs
It is a fact that a slow hiring process leaves the position open for a long period. This delay results in your company losing excess money when you can hire the best fit right away. You save up on interview venue costs, logistical costs, etc.
You can cut the costs of hiring a contingent workforce by making video interviews a part of the contingent hiring process.
• Jim Dick, CEO of Candidate Quality Management (CQM)
When you use video interviews to assess multiple candidates per day simply by logging into a video platform, you can move to the next hiring stages faster and complete the whole process faster. The more you save your time, the more you save your company’s money.
Reduce time to hire
You welcome your candidates to the office, offer them refreshments, conduct their interviews, and then select the best fit from there. Now, this may seem minimal for a single interview, but when you have a large pool of talented candidates and you are on a tight schedule, this process will be a hassle.
As per Recruiter Survey 2019, 85% of recruiters spend 10 minutes or less reviewing one candidate’s video.
Video interviews allow you to conduct multiple interviews in a short period. This speeds up the hiring process and also increases the placement rates.
Provide a better candidate experience
Video interviews are stress-relieving for the candidates. The less stress candidates feel during your interview, the more positive their candidate experience. Here is a detailed description of how video interviews provide a stress-less environment for the candidates:
- Provide them with the opportunity to connect from the comfort of their homes. This helps them relax and perform better in the interview.
- Decrease the scheduling problems as candidates can choose the time that is convenient for them.
- Give the candidates better insights on the company culture. As a result, they are relieved from the stress of the unknown.
- Give them time to think about their response, and offer the best answer to the question posed to them.
As per Candidate Survey 2020, 82.4% of candidates are satisfied with video interviews as a method of recruitment.
Evaluate candidate competencies
Video interviews are great assessment tools. When it comes to contingent staffing, you need to have a clear understanding of the candidates’ skills. You need something that can assess the candidates’ hard skills as well as soft skills. Video interviews are one such medium that lets you evaluate all the competencies that your company requires.
Video interviews offer speed, accuracy, and keen insight while analyzing the skills of the candidates.
Increase the talent pool
Video interviews let you connect with remote candidates. You can expand your talent pool and reach out to candidates from all corners of the world. Since there are no limitations regarding the time or place, you lower the risk of missing out on high-quality candidates.
If you are thinking about adding video interviews to your contingent staffing process, then give Glider a try. Arrange a meeting with us.