Last June, Goldman Sachs Group Inc announced that it would forgo the first round of campus interviews and implement a video platform instead. The decision allowed the organization to cast their proverbial hiring nets beyond top Ivy League colleges in the US and include anyone who was simply interested.
Video interviews are fast becoming an acceptable method of recruitment, and for good reason. More and more companies are focused on finding the ‘right fit’ and video interviews serve as a feasible method to expand talent search and bring in the very best. Not convinced? Here are our top 4 reasons why you must adopt video interviews during campus placement.
Doing more in less time
Cumming Corporation, a consulting firm largely based in the US tapped into the power of video to screen twice as many applications and sift through 633 internship applications to fill in 30 positions. It’s safe to assume that they hired the very best of the lot. Sometimes a few good applications remain unattended simply because there isn’t enough time or resource to handle the heavy influx, which ultimately defeats the entire hiring process. Video-interview is here to change that.
Finding the ‘perfect fit’
There’s a fine line between finding a skillful candidate versus the ‘perfect fit’. The difference is probably why Steve Jobs didn’t fit in with IBM but made Apple millions of dollars. Companies are largely investing more time and effort in hiring candidates who are in sync with their culture and work ethics. If you’re one of them, video interviews will help you scan candidates across the distance so that you find the ‘perfect fit’ sooner.
Cutting out the pressure factor
A first date is rife with nervous conversation and undue stress. A first-time interview is the same and very often, individuals fail to put on their best performance with a panel of experts scrutinizing their every move. However, this could be an entirely different story with one-sided video interviews. Candidates can pick a comfortable spot, choose their time slot and speak their mind without being under the gun. Psychologically speaking, a calm environment alleviates stress and enables them to be at their best.
Choosing the cost-effective method
Who’s going to pay the bill? The company, of course! The season of campus placements requires the company to cough up considerable costs such as travel and accommodation, not to mention the unidentifiable costs of empty desks and pending work. With video-interview, an organization has access to anybody and everybody who’s interested, which is the right approach to hiring the ideal employee.
Somewhere between graduating and completing their final exams, college students are trying to find their perfect match, just as you are. And if Goldman Sachs’ decision is anything to go by, we are certain that the time has come to switch to video-interviews. . On that note, we are delighted to present Monjin – the world’s first video-interviewing network.
Reach out to us on the link here and get started with your first on-campus video-interview.