| | Meeting Professionals Face-to-Face | | | Conducting on-site interviews is extremely expensive. Consider the following:
- Every on-site interview has direct costs of $1,000 or more
- Every on-site interview means at least 8 hours of lost productivity among those involved in the interview process
- Companies typically fly-in at least 2-3 professionals before making a hiring decision, with usually 2 on-site interviews for the selected professional. This means, at a minimum, a cost of $4,000 and 24 hours lost productivity.
- With a company who hires 100 employees, this turns into an annual cost of $400,000 and 2,400 hours.
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| | Virtual Interviews Reduce On-Site Costs by 50% Or More | | | Virtual interviews are conducted by connecting hiring authorities and candidates over the Internet via webcams. This allows for a face-to-face meeting before the expense of flying a professional in for an on-site interview. While on-site interviews are important, every company can reduce their occurrence by meeting their candidates face-to-face before extending an invitation. Consider the cost of a virtual interview:
- $30-$80 per interview for technology
- 1-2 hours per participant lost productivity
- If you conduct 6 virtual interviews for every position, this is a total cost of $180-$240 per position and 6-12 hours time investment.
- Annual savings are projected to be $350,000 or more.
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| | | | Stop losing all this money. | | | Learn more about how Virtual Interviews can help save your company substantial money. Just complete this short form:
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