|Source: HireVue website.|
HireVue, whose client roster includes GE, Hilton Worldwide, JP Morgan Chase and Red Bull, recently launched an addition to their digital interaction platform called HireVue Insights. The solution predicts candidates who will become top performers and identifies which interviewers make the best hiring decisions. It uses a patented deep learning analytics engine, HireVue Iris, to analyse a unique data set of interactions, feedback and performance outcomes.
In addition to building a smarter, more-effective workforce, digital recruiting companies are recognising significant productivity improvements and operating efficiencies. An independent study by Nucleus Research found that companies which use HireVue:
- Reduce turnover by 29%
- Increase the number of "top performers" by 13%
- Reduce overall cost per hire by 23.6%
- Reduce external recruitment spend by 44%
- Increase recruiter productivity by 75%
- Reduce the average vacancy time by 25%
HireVue also launched European operations during the first quarter with an EMEA headquarters based in London, UK. The company has since welcomed several international clients.