The recruitment industry is transforming, and keeping up with the changing pace can be difficult for companies. Hiring managers are continually innovating to streamline their recruitment processes and attract top candidates. One such innovation in this area is Interview-as-a-Service (IaaS). In this blog, we’ll explore why investing in IaaS can be a game-changer for your organization, highlighting the numerous advantages that can transform your recruitment process.
What is Interview as a Service?
Interview as a Service is an outsourcing service in which experienced third-party experts organize, handle, and manage interviews on behalf of the company. Such providers have industry experts who are skilled at conducting interviews. While hiring for technical roles, hiring managers can use this service as it helps them to get an expert’s opinion. Through IaaS providers, companies can leverage expert interviewers, advanced technology and streamlined process to hire skilled professionals.
Benefits of Investing in Interview as a Service
Interview outsourcing offers several benefits, but in this blog, we will talk about the 5 main benefits:
Access to Expert Interviewers
Interview services offer access to industry experts who have 5-30 years of experience in their domains. They can easily cater to the candidates’ technical and soft skills, ensuring that only relevant ones pass through the recruitment process.
These interviewers use standardized questions to interview candidates deeply and unbiasedly. For example, with regard to the tech domain, interviewers can establish that the candidate can genuinely code through live coding, algorithmic problem-solving, and system design discussions.
Also Read: Everything You Need to Know About Interview as a Service
Improved Hiring Efficiency
By outsourcing interviews to a third party, businesses can effectively perform other functions—the search for candidates and onboarding. Time to hire and time to fill metrics can be minimized, and the team can perform efficiently. Recruitment professionals would have more time to engage in strategic initiatives, employee engagement, and talent development. It will enable your organization to become both productive and successful in the long run.
The reduced time and cost can be used for other priority tasks, enhancing efficiency.
A study by 360 Talent Avenue found that outsourcing recruitment led to a significant increase in interview show rates, from 66.8% to 83.7%. This proves that by outsourcing to a third party like InCruiter, companies can elevate their hiring process and improve efficiency.
Scalability
Growing the interview process to scale along with the rest of your business is nearly impossible, particularly in times of rapid growth. Interview service providers can scale the level of their services up to meet recruitment needs. This enables organizations to utilize their existing resources to process more applications.
Whether you need to conduct 10 or 100 interviews, IaaS providers can meet your needs so that you can hit your hiring goals without compromising quality. This scalability also allows your organization to be more agile and react with the right results in response to changes in the business environment.
Consistent and Fair Assessments
Consistency and objectivity are two de facto challenges typically related to hiring. At the interview stage, bias, conscious or unconscious, may result in biased judgment.
To ensure consistency and reduce bias, IaaS providers use structured interview frameworks, scoring rubrics, and standardized evaluation criteria to ensure that each of the candidates’ answers is justified based on skills and proficiency and not personal biases.
Improved TAT for Core Business Functions
Outsourcing interviews help your internal teams focus on their core business functions. The senior executives will have more time to focus on their work rather than taking interviews. By outsourcing the manual part of the interviewing functions to IaaS providers, human resource professionals can focus on and dedicate their time and resources to high-value activities.
Such a shifting focus on employees and their engagement can enhance employee engagement, retention, and overall organizational results.
Also Read: Ever-growing demand for interview-as-a-service market post pandemic
Conclusion
Today, in the fast-changing business environment, to be on par with your competitors, one should seek a new, innovative approach to talent acquisition. Investing in interview as a service will transform your whole recruitment process, with many benefits. It offers professional interviewers a standardized interview process to provide cost-effective and scalable solutions to help you with your hiring needs.
Frequently Asked Questions
Ans: Interview as a Service is an interview outsourcing service in which experienced third-party experts organize, handle, and manage interviews on behalf of the company. Such providers have industry experts who are skilled at conducting interviews and can assess candidates objectively.
Ans: In interview outsourcing services, industry experts who have around 5-30 years of work experience conduct interviews. These experts have a proper understanding of the industry and can conduct standardized interviews.
Ans: Currently, InCruiter is one of the best interview as a service provider in the Indian market.
