How can Interview Outsourcing accelerate your recruitment process?

Time is not just money; it’s everything in the ever-changing corporate terrain. Businesses do everything to surpass their competitors and stay ahead of the curve, yet they miss one very crucial section- recruitment. It can be stated that in the case of recruitment, speed, and accuracy are the key factors. Largely as a consequence, conventional recruitment methods are typically slow and expensive. Now, enter interview outsourcing, a tactic meant to transform the hiring process, improve recruitment return on investment, and provide you a competitive edge.

What is Interview Outsourcing?

Interview outsourcing refers to the process of hiring external agencies or professionals to manage recruitment of a company on behalf of it. From the initial screenings to in-depth technical analysis and assessments of candidates, the experts take care of everything in the recruitment funnel. To put it simply, interview outsourcing is “hiring the hirers to hire.” The interview as a service has boomed in recent years due to its outstanding  performance and returns on investment.

The Benefits of Outsourcing Technical Interviews

Speed and Efficiency

Speed is absolutely vital in this hyper-competitive job market. Conventional hiring procedures can last for more than 40 days, allowing possible top-notch prospects to pass through the gaps. With outsourcing technical interviews, this schedule can be cut to an average of only 6 days. This guarantees you secure the good employees before your rivals do and speed up the hiring process.

Access to Expert Interviewers

Outsourcing provides access to a pool of industry experts who bring specialised knowledge and experience. For example, IncServe by Incruiter features over 3000+ active independent contractors with more than 250 technology skills. This guarantees prospects are evaluated by seasoned experts, therefore producing more accurate and dependable recruiting decisions.

Cost-Effectiveness

Outsourcing interviews can significantly lower recruitment costs. Using third-party expertise helps businesses lower the risk of expensive mis-hires and cut the expenses related to extensive interview operations. 

Enhanced Candidate Experience

First impressions are lasting. A polished, professional interview procedure speaks positively of the company and improves the candidate experience. Outsourcing guarantees competent and timely conduct of interviews, therefore improving the impression of your brand among prospective employees.

Improved Quality of Hire

When trained interviewers handle the hiring process, the quality of fresh hires enhances.  According to Aberdeen’s recent study, it is found that companies who manage recruitment internally are 11% more likely to not be aware of the causes of their skills gaps than those who are engaged with an RPO (Recruitment Process Outsourcing) partner. Skilled in identifying top talent, expert interviewers ensure that just the most qualified candidates are selected. 

Also Read: Land The Perfect Hire: Learn How Interview Outsourcing Supercharges Your Hiring

The Role of Technical Interview as a Service

A subset of interview outsourcing targeted on assessing candidates for technical positions has emerged as Technical Interview as a Service (IaaS). IaaS providers deploy experienced personnel to rigorously and precisely evaluate candidates’ technical competency.

How Interview Outsourcing Enhances Recruitment ROI

Metrics for Measuring ROI

Knowing how interview outsourcing affects recruitment return on investment calls for several important benchmarks:

• Time-to-Hire: It refers to the time between job postings to candidate acceptance. The onboarding and productivity increase with decreasing TTH, showcasing their inverse relation.
• Cost-per-Hire: It is a quantitative measure derived from the division of the overall recruitment costs by the hire count. Reducing the cost-per-hire increases overall profitability.
• Quality-of-Hire: As the name suggests, it is a qualitative measure that relies on the manner in which the employee functions after the recruitment. When quality hires are made, it leads to organisational success in the long run.

Reductions in time and cost, combined with higher quality hires, directly contribute to a positive ROI.

Choosing the Right Interview Outsourcing Partner

Key Factors to Consider

Selecting the right interview outsourcing partner is crucial. Key factors to consider include:

• Expertise: Make sure that the provider has experience in supplying your specific industry.
• Scalability: The provider should also be in a position to increase the supply of their services depending on your recruitment.
• Customization: Search for a company that will be able to address your needs and provide you with the services you need.

IncServe: A Game-Changer in Interview Outsourcing

Among the various interview outsourcing services available, IncServe stands out for its comprehensive and efficient approach. Here’s why:

Features and Advantages

Rapid Turnaround Time

With IncServe, companies can conduct interviews within 6 hours. This quick approach guarantees that no time is lost and lets decisions be taken right away. A 70% conversion rate of hired interview applicants emphasises even more the efficacy of the platform.

Expert Panellists

The platform boasts a dedicated pool of 3500+ freelance interviewers who ensure fair and thorough evaluations. Whether you need specialists in AI, cloud computing, or any niche technology, IncServe has the experts ready to assist.

Comprehensive Feedback and Analytics

One of the standout features of IncServe is the detailed feedback and analytics provided within 2 hours of the interview. This includes interview recordings and real-time feedback, enabling hiring managers to make informed decisions quickly.

Significant Time and Cost Savings

Companies can cut their time-to- hire by up to 75% and get up to 80% savings in recruiting expenses by using IncServe. Time and financial efficiency combined significantly enhances recruitment return on investment.

Also Read: Best Interview Outsourcing Service Providers in 2024

Real-World Impact

To understand the transformative impact of interview outsourcing, consider the stark contrast between traditional hiring processes and those that utilise services like IncServe:

Aspect	Before Interview Outsourcing	After Interview Outsourcing
Average time-to-hire	42 days	6 days
Interview process	Unstructured and subjective	Structured and efficient
Evaluation	Conducted by in-house interviewers, often with limited expertise in specific domains	Conducted by industry experts with specialized knowledge
Candidate experience	Often inconsistent and subpar	Positive and professional
Costs	High, with no guaranteed results	Significantly reduced, with comprehensive feedback reports

Also Read: Ever-growing demand for interview-as-a-service market post pandemic

Final Thoughts

Effective hiring is absolutely crucial in the hectic corporate scene of today. Strategic techniques such  as interview outsourcing guarantees that businesses can quickly and affordably acquire the best talent in addition to improving the hiring process. 

For companies looking to enhance their recruitment ROI and streamline their hiring processes, exploring options like IncServe is a step in the right direction. As the adage goes, “The early bird catches the worm,” and in recruitment, being swift and efficient can make all the difference.