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3 Best Ways Employers Can Spend Less Time on Interviews

If you’re an employer in the process of hiring new candidates, you may suspect your hiring costs are increasing with every year; but did you know corporations spend an average $4,129 per hire, according to the Society for Human Resource Management? For an employer, the typical hiring funnel includes posting a job description, selecting a resume, conducting an interview, possibly a second interview, and a background check. If you assume that you spend equal resources on all five stages of the hiring process, then each stage costs you 20% of the overall hiring expense.

Geekbidz: did you know corporations spend an average $4,129 per hire?
Did you know corporations spend an average $4,129 per hire?

Nonetheless, by halving the time (and resources) you devote to just one of those stages, you could shave 10% of your total hiring cost. As an employer, you probably are aware that you spend a lot of time interviewing candidates; but you may not know exactly what percentage you really devote to the interview process. These statistics from Yello are sobering: “On average, recruiters are spending [67%] of their overall hiring time on the interview process. 67% of respondents say it takes between 30 minutes and 2 hours to schedule a single interview.” What’s more, “56% of companies have a dedicated person on their recruiting team who is responsible for scheduling interviews.”

Geekbidz: it takes between 30 minutes and 2 hours to schedule a single interview
It takes between 30 minutes and 2 hours to schedule a single interview

If you’re a typical employer and want to save on hiring cost, interviews would be a good place to reduce the time and resources you spend on the hiring process. What are some best ways to do that? Here are a few suggestions:


Use automated interview scheduling


Ideal suggests using automated interview scheduling to save time, advising employers to “use a software tool that integrates with major email and calendar providers to auto-schedule interviews with candidates. For example, some companies will send an automated interview request for all candidates rated an A by their resume screening tool.” Using an automated interview scheduling tool can shave valuable time off your interview process steps.

Geekbidz: Using an automated interview scheduling tool can shave valuable time off your interview process steps.
Using an automated interview scheduling tool can shave valuable time off your interview process steps.

Try online interviews

Geekbidz: Online interviews save the costs and time associated with traveling to the interview location
Online interviews save the costs and time associated with traveling to the interview location

Online interviews are more popular than ever, thanks to Covid and social distancing; but there’s also a notable time reduction associated with online interviews compared to in-person interviews. Glassdoor notes, “the average overall job interview process takes 22.9 days in the U.S.” Online interviews allow employers to have more flexibility with the time spent on the interview process, enabling employers to conduct online interviews in real time or watch pre-recorded interviews at another time. They also save the costs and time associated with traveling to the interview location.


Eliminate the interview process with a new hiring solution

Eliminate the interview process with a new hiring solution called Geekbidz
Eliminate the interview process with a new hiring solution called Geekbidz

Geekbidz is a new skill-based job platform that allows employers to hire job candidates for an on-the-job evaluation, without asking them to submit a resume or be interviewed at all. Instead, Geekbidz allows job seekers to rank their skills, then pairs employers with the job seeker who best fits the skills described in the job description. Skill-rankings may be an equally accurate way of finding a suitable candidate as asking typical interview questions such as “Why are you the best candidate for this position?” Most significantly, if you’re wondering how to reduce your time spent on interviews, what better way than to eliminate interviews completely from your hiring process?


Try New Technological Solutions to Spend Less Time on Interviews

Geekbidz: you may want to try some of the many different technological options available to reduce interview time
You may want to try some of the many different technological options available to reduce interview time

Hiring costs these days are extensive, and the interview process is lengthy. If you’re one of the many employers hoping to reduce the time spent on interviews and save costs as a result, you may want to try some of the many different technological options available to reduce interview time. From automated interview scheduling, to online interviews, to trying an AI-based hiring solution, there are many technology-based ways to shorten your interview process. Try one or all of them, and you may be pleasantly surprised at how much time, resources, and ultimately costs you save.