HireVue and Taleo have joined forces to offer a more effective recruiting process at a fraction of the cost. Taleo customers can now launch HireVue’s award winning video interviewing solution directly from Taleo Enterprise. To show you how you can benefit, HireVue and Taleo are proud to bring you:

• Directly reduces recruitment costs & travel
• Decreases length of your talent searches
• Ensures candidate fit and quality
• Improves first year retention
• Enables the ability to bring your employment brand to life

This is a free webinar but seats are limited so be sure to reserve yours today.

Featured Speakers:

Melissa McMahon
Senior Director, Talent Acquisition
CDW

Lorna Hagen
Vice President, Talent Management
Dow Jones & Company

Josh Schwede
Vice President, Business Development
HireVue, Inc.

HireVue gets a mention in this article on Web-based interviews on HRMorning.com. I think they make a really interesting point:

“These days, more people are willing to relocate to find a good job. That increases HR’s talent pool, but it also makes the interview process more difficult and expensive.”

As the economy picks up I think we’re going to see even more of this. Employees who have settled for jobs they’re not crazy about are going to be more willing to pick up and move for the right job. Smart employers will be looking to take advantage of this to bring on quality talent and HireVue can be a huge enabler of this kind of strategy.

Read the full article Read “Web-based interviews: A useful hiring tool?” at HRMorning.com.

In addition to an expected 20% growth increase in hiring in 2010, many employers are looking for ways to make up for lost ground from the recession. One key trend looks to be continued cost cutting in employment related business travel. “While employers are inching away from cost containment and more into growth,” the report says, “one area they still plan to save money on is business travel. Forty-three percent of employers say that in their organizations there will be less business travel in 2010 than in 2009.” Read more about the CareerBuilder 2010 US Job Forecast.

Many of our clients are finding that they save between 5 and 10 times what they spend on HireVue, much of that in travel related expenses. We often work with our clients on their hiring plans to help them consider where video interviewing will have the most impact. The results usually include a full ROI study. For a full needs analysis and ROI study on your 2010 hiring plans e-mail Katie Pierce at kpierce@hirevue.com or call toll-free 1.800.655.4106 or direct .801.260.9961.

Mark Newman, HireVue Co-Founder and CEO

HireVue’s CEO was recently interviewed by FastCompany Magazine for an article on the rapidly growing use of video interviewing services. We’ve included an excerpt here and a link to the full article.

Enjoy!

Webcam Interviews: How to Survive and Thrive

By: Patrick J. Kiger

A long time ago, in a galaxy far, far away, a strong resume and sterling qualifications could have easily landed you a face-to-face meeting with a hiring manager. Today, if your electronic resume passes muster with a company’s keyword search algorithm, you may find yourself trying to make a good impression not in person, but via Webcam from your living room.

Discouraged? Don’t be. With a few tricks drawn from the videographer’s trade, you’ll be armed with the tools you need to keep your foot firmly planted in the door.

Even before the downturn, recruiters had started using online video interviews as a way to speed up and systematize the hiring process. But what was once viewed as trendy gadgetry is now increasingly seen as a tool for slashing recruiters’ expenses.

Continue Reading on FastCompany.com…

Fox News discussed video interviewing today in their regular segment “On The Job Hunt,” and mentioned HireVue – reporting that HireVue’s Video Interview Technology customers are seeing 3 to 10 X savings by using HireVue. You can watch the Fox News: On the Job Hunt report here.

We’re excited to see reports like this because they show how video interviewing is becoming mainstream. Network news is pretty limited on the amount of information they can provide in short segments like this. So in addition to their discussion of the obvious benefit of travel cost savings I wanted to add a little more context.

Don’t get me wrong, I don’t mean to marginalize travel cost savings – it’s a HUGE reason companies use video interviewing, but there are so many other aspects  that can pack a far more powerful punch. Take for instance the efficiency gains that can be realized in the hiring process. One client of ours recently informed us after doing an ROI study that just the aspect of video interviewing reducing manager’s time spent in interviews meant a 2.5 to 1 savings over travel cost savings alone!

The report focused pretty heavily on free services such as Skype. It’s important for enterprise employers to understand that these services can work well for one-off interviews but they’re not meant to support high volume, high impact hiring. Not only can they be difficult for employers to support both in terms of interview logistics and technical support but they are not built to the stringent data security requirements most enterprise organizations need – let alone those required by Safe Harbor legislation in the U.S. and E.U.

Another area to consider is the benefits candidates get from video interviewing. Candidates sometimes share their appreciation for video interviewing with us – here are some of the sentiments we’ve heard:

• “I can do the interview when I’m available and don’t have to try to hide it from my boss.”
• “There’s no travel needed to keep the interview process moving forward.”
• “I don’t have to burn vacation time.”
• “I get to tell my story once and can rest assured it will be heard by the right people.”
• “I can uniquely explain my value in a way my resume can’t.”
• “I spent less time in my search interviews so neither I nor the employer had to spend unnecessary time once we knew there wasn’t a fit.”
• “It’s easy to use.”
• “I got to keep the webcam!”
• “I was able to learn so much more about the company through the introductory video that was played before my interview.”

Whether done by HireVue or another provider, we think video interviews will continue to play a significant role in the future of recruiting and don’t be surprised if you start seeing more reports like this. We see a lot of evidence of growth having facilitated interviews in more than 100+ countries in 2009 for companies like AT&T, CDW, Raytheon, PNC Bank and many others. Companies just need to decide what’s critical to them. If travel costs are the only concern a free service like Skype can work well, but if complexity in the hiring process, data security and an improved hiring experience for candidates and hiring managers are more important, a service like HireVue which is built specifically to address enterprise hiring concerns may be a better fit.

Mark Newman

CEO, HireVue

To learn more about how HireVue helps companies save on travel costs AND realize deeper process and efficiency gains, sign up for our free webinar on Video Enabled Talent Acquisition held in conjunction with Aberdeen Group on January 12th, 2010. During the webinar analysts from Aberdeen will discuss recent research on video interviewing in addition to best practices for implementing video interviewing into a well rounded talent acquisition strategy. Click Here to register.

Funding will accelerate international growth and product innovation

SALT LAKE CITY, Utah – (Business Wire) September 28, 2009 – HireVue, the leading provider of video interviewing solutions, announced today that it has secured a Series A round of funding led by Peterson Ventures. Peterson Ventures is joined by The Garber Fund of Penn State University and a number of strategic investors to help fund HireVue’s continuing growth.

In the past 12 months, HireVue has experienced greater than 500% growth in interviews and expanded their customer base to include a number of the Fortune 500 including Dish Network, CDW, and Murphy Oil. HireVue also recently announced a key strategic partnership that makes their video interviewing solutions available to thousands of employers through talent management software giant Taleo. HireVue was also named HR Product of the Year for 2009 by Human Resource Executive ® magazine just two weeks ago.

“This is a great time to invest in HireVue,” said Brandon Cope of Peterson Ventures. “It’s exciting to partner with a company in this stage of explosive growth. They provide an offering that is quite compelling for employers given the advancement in technology, the globalization of business, and the downturn of the economy.  We believe HireVue will create value for the world’s leading organizations by helping them acquire their most important asset—their people—in the shortest amount of time and at the lowest cost.”

Employers use HireVue to screen candidates with Virtual Video Interviews where the employer defines a set of questions that are answered by the candidate over the Internet via webcam. Clients also use HireVue’s Live Video Interviews to interview candidates via online videoconference. Both types of interviews are recorded and stored in HireVue’s proprietary and secure system for review. Interviews can be taken from any location with an Internet connection and many employers set up on-site video kiosks for high volume hiring. Webcams and technical support are included with every video interview. The HireVue solution can be used directly from www.hirevue.com or through the newly announced integration with Taleo Enterprise.

HireVue will use the new funds to add to its world-class management team, strengthen market awareness, and make product enhancements that will greatly increase the value of the HireVue system to the market.

“We are fortunate to have Peterson Ventures and the Garber Fund as partners,” says HireVue CEO Mark Newman. “All of our investment partners offer much more than capital. In the few short months of partnership, their entrepreneurial know-how, expertise in the human capital space, and experience in building great companies, has already proven crucial to our recent growth and will continue be a catalyst to our future growth.”

About Peterson Ventures

Based in Salt Lake City, UT, Peterson Ventures is an investment firm that seeks to partner with outstanding entrepreneurs and founders of great companies.  Founded by JetBlue Chairman and current faculty member at Stanford’s Graduate school of Business Joel Peterson, Peterson Ventures make investments across all stages of a company’s growth.  Specifically, they invest in search funds, seed- and early-stage companies, and small, later-stage companies that have revenues less than $10 million and positive EBITDA.  They have invested in some of the world’s leading companies like Asurion and JetBlue.  www.petersonventures.com

About The Garber Fund

The Garber Fund was established in 1999 with a $5 million commitment from Penn State alumnus John Garber and his wife Bette to bring reality to the teaching of entrepreneurship and venture capital. The fund is part of the Nittany Lion Venture Capital Association (NLVC), an MBA student-run management group that works with small companies and other investment groups in early stage business planning, execution, and due-diligence assignments. NLVC forms part of Smeal’s highly acclaimed entrepreneurship program, in which students are immersed in real-life situations throughout their studies.

About HireVue

Founded in 2004, HireVue is the world’s leading online video-interviewing solution that brings talent into focus right from the start – cutting down on the time and money it takes to make important hiring decisions.  Today, HireVue is used in over 90 countries around the globe. HireVue’s full service video interviews eliminate travel costs, reduce recruitment time and provide greater candidate insight earlier in the hiring process than ever before. HireVue is used by the world’s most innovative leaders in talent acquisition like the African Development Bank, Google, Dish Network, Rio Tinto, ITT and many others. Led by a veteran team of Human Capital Management experts, HireVue combines superior service with superior solutions to power any video used in the hiring process anywhere in the world.

For more information please visit: www.hirevue.com. For up to the minute news about HireVue, follow HireVue on Twitter here.

Press Contact: Chris Higbee

801.415.9485 | chigbee@hirevue.com

As the buzz around Video Interviewing continues to build, HireVue COO Chip Luman answers questions on Sully’s Big Biz Show and HeadHunter Radio this afternoon.

Earlier this week Dr. John Sullivan at ERE predicted “that within a few years the ‘interview from anywhere’ approach will become the standard practice for all but final hiring interviews. He’s of course talking about Video Interviewing. You can read more about what Dr. Sullivan has to say on the subject at http://bit.ly/10w4ma, and be sure to watch ERE next week for part two of his prognostications.

The buzz around Video Interviewing continues this afternoon at 2:10 PST on The Big Biz Show and later at 3:25 PST on HeadHunter Radio as Chip Luman, HireVue’s COO, answers questions about Video Interviewing, the impetus behind HireVue’s recent growth and how businesses can use HireVue to prepare for what Lou Adler is predicting will be one of the critical hiring issues facing businesses in 2010 – The Turnover Spike (see http://bit.ly/11FBox).

To tune in today to The Big Biz Show or for more information and access to archived podcasts of the show click http://bit.ly/UMkdr.

To Tune in to today’s HeadHunter Radio or for more information and access to archived podcasts of the show click http://bit.ly/5IhQo.

Enjoy the show.

Learn more about how Video Interviews improve the hiring process.

Patrick Kiger wrote a phenomenal piece on video in the hiring process over at Workforce Management

The article supports the basic premise we preach – video resumes useless, video interviews are where companies drive value through cost savings, time savings, and process improvement.

You can view the article here – Reception Remains Lukewarm to Video Resumes

Since the bottom fell out of the market, HireVue has been on a tear – more news to come

– Mark

Howard Anderson, founder of The Yankee Group, a cofounder of Battery Ventures, and a professor of business at the Massachusetts Institute of Technology published a great article today on GigaOM about the merits of moving companies out of the Silicon Valley area.

When it comes to workforce planning, cost isn’t necessarily the only issue that comes in to play and Howard makes some great points about moving to Boston; Pittsburgh; Philadelphia; Austin; Research Triangle, N.C.; Minneapolis; Tallahassee; Toronto; and Basking Ridge, N.J or any number of other places.

You can read the article on GigaOm. There are five great reasons to move, to quote Mr. Anderson:

1. The weather sucks in some of these towns (not Tallahassee) so your people will actually work instead of bugging out at 5:15 to train for a marathon, triathlon or Ultimate Frisbee.

2. You can recruit better outside the fishbowl. Every technology company hits the wall — some multiple times. In the Valley your employees will bail at the first sign of trouble and jump to a better job in the next parking lot. That means you will have to spike salaries to rebuild your team. Other places in the world aren’t quite so spoiled – or they come to you already cynical and stay through the rough times.

3. You won’t get lost in the startup maze. In the Valley, every VC has a portfolio company in each flavor – their own LP’s can’t tell them apart.

4. In my experience, other startup communities aren’t as pre-occupied with the ‘exit’ as da Valley. SV VC’s have attention spans measured in picoseconds and will sell/merge your company at the first sign of trouble. I can say that in Boston, at least, we are used to gutting out long winters.

5. Academics make great board members. Each of these cities has a rich educational environment and are great places to recruit sartorial advisors. And unlike at Stanford, you wont have to give up 1 percent of your equity just to put the provost’s name on your board!

Mr. Anderson has a wealth of experience in this arena and brings up some valid points. When it comes to workforce planning and subsequent recruitment, loyalty, work ethic/habits, and accessibility all matter. Great article!

For startups, not all Ruby on Rails, Java, C#, Business Development gurus, and fundraisers are in the valley!

Congratulations to Jeremy Lappin at Bounty Jobs on raising $12m from Greylock! For those of you who don’t know, Greylock is a premier venture capital firm in Silicon Valley. Of all groups in the market, they are definitely top 5%.

From VentureBeat:

A site like BountyJobs is appealing because it can help big companies manage all of their different recruiters in one place, while also reducing some of the recruiting hassle for smaller start-ups, too. The company says it fills thousands of jobs annually, and that its revenue has been doubling for six consecutive quarters.

You can read the whole story on Venturebeat