The tech talent war is at its peak. A recent study by Forbes revealed that 68% of companies require more than one month to fill a single tech position. Identifying top-notch candidates while recruiting has become complex and time-consuming for almost every business out there in market. This prolonged hiring process not only consumes valuable resources but also impedes company growth. But is there any solution? Yes, there is. Interview outsourcing is now being recognized as a game-changer, providing a strategic method to simplify the hiring process and attract top talent.
What is Interview Outsourcing?
Interview outsourcing means handing over the interview part of the hiring process to expert interview panels outside the company. These interviewers are industry experts with 10+ years of experience who aware of the latest market trends and technologies. Make them the best fit for conducting interviews for your company.
InCruiter connects you with these interview panels, which thoroughly evaluate candidates’ skills and capabilities to ensure that the best talent moves forward. Interview outsourcing is a must when hiring for specialized roles.
Also Read: Everything You Need to Know About Interview as a Service
The Shortcomings of Traditional Recruitment Methods
According to the Economic Times, many businesses are adopting Recruitment Process Outsourcing (RPO) as a solution. So, before exploring good things, let’s see why finding skilled employees using old hiring methods is hard, leading companies to reshape their hiring practices.
Here are some of the key issues companies face with the usual way of hiring:
Time-Consuming Processes: The in-house hiring process is always long and arduous. Because companies spend lots of time sifting through applications, conducting interviews, and making decisions. This delay can stifle business growth and leave critical roles unfilled.
Resource Intensive: The recruitment process involves various stages, from manual resume shortlisting to final interviews. To handle these hiring stages of the process, significant amounts of manpower are needed, Which drain companies’ resources and logistics. For small companies, it’s difficult to bear this because traditional methods not only divert employees’ attention from other essential tasks but also strain internal resources.
Difficulty in Filling Specialized Roles: Forbes studies say 68% of big companies take more than a month to fill one position in the organization; traditional methods take a long time to find the best fit for specialized roles. The demand for talent, particularly in fields like IT and ITeS, has outpaced the supply, making it challenging to fill these roles efficiently.
How can Interview Outsourcing help you in scaling your hiring process?
So, why is interview outsourcing becoming so popular? One might need to know the many advantages of interview outsourcing to understand this. A few key aspects of the multifaceted benefits of interview outsourcing are:
Speeding Up Hiring
When a company is growing fast, time is crucial. Interview outsourcing can speed up hiring by using experts who know industry trends well. HRTech reports that companies using outsourced interviews can cut their hiring time by up to 60%. These skilled interviewers quickly assess if candidates have the right skills and fit by using video interviews and advanced tools. This helps businesses fill positions quickly without lowering their standards—a must for companies that need to expand quickly to keep up with demand.
Cutting Costs as You Grow
Scaling a company needs careful money management. Interview outsourcing can save a lot on hiring costs. Reports show it can cut costs by up to 85%. Handling recruitment in-house can get expensive and lead to poor use of resources. Outsourcing takes the load off HR teams and removes unnecessary costs like extra salaries of in-house hiring teams. These savings can be redirected to other key areas, like product development or expanding into new markets, making growth smoother.
Following Compliance across Regions
As companies grow, they often move into new areas with different labor laws. Interview outsourcing providers know these laws inside out, both locally and internationally. By making sure all interviews follow the rules, they protect companies from legal trouble as they expand. According to SHRM, businesses that outsource interviews see a 30% drop in legal challenges related to hiring compliance.
Boosting Your Brand as You Scale
As your company gets bigger, keeping a strong employer brand becomes even more important. Interview outsourcing services help shape positive recruitment messages that boost your brand’s image. This is key when scaling since attracting top talent requires a strong brand. LinkedIn found that 72% of candidates think about a company’s brand before applying. Outsourced interview services can ensure your brand appeals to the best candidates.
Making Smart Hiring Decisions
When a company is scaling, quick and smart hiring decisions are vital. Interview outsourcing gives access to advanced tools and skilled evaluators who provide data-driven insights from interviews. These insights help make better hiring decisions, reducing the risk of costly bad hires. Deloitte found that companies using data-driven hiring practices are 23% more likely to outperform their competition.
Flexibility to Meet Changing Hiring Needs
As companies grow, their hiring needs can change based on growth, seasonal demands, or market conditions. Interview outsourcing offers the flexibility to meet these changing needs. Whether you need to hire many employees quickly or adjust hiring processes for different markets, outsourcing services can grow with your company. This flexibility is essential for companies expanding rapidly and needing to keep the pace.
Also Read: Land The Perfect Hire: Learn How Interview Outsourcing Supercharges Your Hiring
When to Consider Interview Outsourcing?
Interview outsourcing is a great way to hire faster and more efficiently, but it is not necessary that if one solution works for some company, then exactly that will work best for you. Before considering outsourcing your interview properly brainstorm these scenarios to check whether outsourcing might be the right move for you or not:
- You’re struggling to fill important positions.
- Your hiring needs are unpredictable or high-volume.
- You want to improve the quality of candidates and speed up the hiring process.
- You’d prefer your team to focus on core business areas rather than interviews.
- You need industry-specific expertise in your recruitment process.
Also Read: Why You Should Invest in Interview as a Service?
Case Study
As mentioned in Forbes, Unisys decided to outsource a chunk of their interview process to the recruitment process outsourcing specialist, which means Unisys will hire thousands of best talent every year without compromising quality. By leveraging external expertise, Unisys was able to maintain high standards in its recruitment process while managing a significant hiring volume.
Conclusion
Interview outsourcing is an effective way to scale up the hiring process. You can hire faster and save on costs. It also helps find high-value candidates, enhance brand image, and make informed choices. This strategy can truly transform and improve the entire recruitment experience and outcome.
