HireVue, the global video interviewing, assessments, and text-enabled recruiting tools firm announced a number of growth related milestones in Australia including hitting over 1 million job seeker interviews. In today’s tech-driven world, candidates have increasing expectations for better communication, faster hiring, flexible options, and easy recruitment processes.
What is the general landscape of the job market?
Australia’s largest employers are continually finding ways to use tech to develop faster and fairer hiring processes, a trend which has been reflected in HireVue’s latest growth figures.
Of the 1 million job seeker interviews conducted in Australia to date, 40% of these interviews were completed on mobile showcasing the growing demand for remote interview schedules. The HireVue platform has an overall candidate satisfaction rate of 86.6% in Australia.
Global demand for virtual interviews continue to skyrocket. On a global scale, HireVue hit the 33 million interviews in October 2022, marking a significant growth stage for the company.
Through these virtual interviews:
HireVue has helped connect candidates from almost 250 countries to 2 million roles
Over a third (36%) were completed on mobile
Almost half of interviews were conducted out of hours (48%)
Overall global candidate satisfaction sitting at an impressive 88%
What is the market reach of HireVue?
Broken down by region, 18.5 million of the interviews were completed across the Americas, 5.5 million across APAC, 4.8 million across EMEA and 4 million from the rest of the world.
HireVue has experienced a 37% increase in new customers in the first half of this fiscal year and a strong candidate NPS of 64. Australian and APAC clients spearhead local growth. In line with this growth, HireVue’s platform is, in turn, enabling its clients to grow their business by adapting their recruitment strategies to keep pace with challenging market conditions.
This is reflected in the company’s 2022 Customer Awards. Winners include Diversity award winner Rio Tinto which utilised the platform to eliminate bias from its recruitment process and challenge gender imbalance in leadership roles. MinterEllison was recognised under the RockStar category for its incorporation of Game Based Assessments in their hiring process.
Other winners in the region and their respective categories include Great Southern Bank (Impact), BHP (Shooting Star) and ITOCHU Corporation / TalentA Corp (Shooting Star).
What were the executive’s thoughts on the milestone?
Commenting on the latest company milestones, Anthony Reynolds, Chief Executive Officer of HireVue said: “As employers across Australia and the broader APAC region navigate a recruitment landscape that is underpinned by widespread skills shortages, we are seeing an increasing reliance on technology in finding, hiring and retaining talent across the region.
“More than ever before, our clients rely on the HireVue talent experience platform to help keep pace with industry changes and with 2023 gearing up to be an increasingly competitive recruitment market, we expect to see continued uptake of these tech in the months ahead.”
“For local firms to be seen as preferred employment brands in this challenging marketplace, it’s critical to engage their casual workforce and university hires with a fast, engaging experience that enables every applicant an opportunity to showcase their potential.”
“HireVue’s video interviewing and assessment solutions, powered by text and scheduling, provide a seamless experience for candidates and a competitive advantage for talent teams. For any employer looking to stand out in a crowded marketplace, virtual assessments are key and we are excited to see the role our techs will play in helping clients to achieve this.”