HireVue Customers Consider 50% More Candidates, Hire 13% More Top Performers and See 28% Less Turnover Than Before, According to Benchmark Report by Nucleus Research
SALT LAKE CITY – March 27, 2014 - Leading Talent Interaction Platform™ provider HireVue, today announced the results of a breakthrough “before and after” benchmark report, “Quantifying HireVue’s Impact on Recruiting,” conducted by Nucleus Research, a global research provider registered by the National Association of State Boards of Accountancy. The quantitative study found that since deploying HireVue’s video, social and mobile enabled recruiting tools, customers realize measurable improvements in quality of hire, recruiter productivity and candidate experience – in addition to significant time and cost savings.
Nucleus Research surveyed HireVue’s global customer base and conducted in depth one on one interviews with customers to analyze recruiting metrics before and after HireVue. According to the findings, HireVue customers report:
Improved Candidate Reach
- Recruiters report an increase in overall productivity of 75% and source 37% more candidates
- Hiring managers are able to consider 50% more candidates
- HireVue customers consider an average of 9.2 candidates (per requisition) per day, almost double the 5.1 candidates considered previously
Reductions in Recruiting Time
- HireVue customers reduce interview cycle time 40% and overall vacancy time by 25%
- HireVue customers reduce time candidates spend “in manager review” by 50%
- HireVue customers reduce recruiter time spent on interview coordination and scheduling by 31%
Increased Quality of Hire
- HireVue customers hire 13% more “top performers”
- HireVue customers hire 17% less “poor performers”
- HireVue customers reduce turnover by 29%
Lower Recruiting Costs
- HireVue customers save an average of $2,888.00 per hire
- HireVue customers reduce overall recruiting costs by 24%
“Increasing top performers by 13 percent sets a new bar in talent acquisition and HR technology,” said Mark Newman, Founder and CEO, HireVue. “Every CEO in the world tasks their talent organization with finding more top performers and reducing turnover. Now leading organizations have a partner who can deliver those measurable results. The quantified improvements in quality of hire, productivity and candidate experience our customers are achieving explain the rapid adoption of HireVue’s Talent Interaction Platform.”
“HireVue has become a business essential for us,” said Robert Mader, senior manager of recruitment, The North West Company. “Since using HireVue, we’ve been able to greatly expand our sourcing reach and keep a much more consistent and continual pipeline of qualified candidates. HireVue has helped us reinvent and modernize the way we’ve traditionally approached talent acquisition.”
This new benchmark report augments previous research conducted by Nucleus Research in January 2011 that found that HireVue enabled organizations to reduce hiring-related costs such as travel, job boards, employee time, and interview redundancy.
• Infographic: Measuring the Value of HireVue
• The NorthWest Company case study: Reinventing & Modernizing Recruiting
• Video: HireVue 2-min Digital Recruiting Overview
• 2011 Nucleus Research Study: Quantifying HireVue’s Impact on Recruiting
The Nucleus Research Report surveyed HireVue customers from a variety of industries ranging from energy and construction to retail and healthcare to determine the before and after statistics during the hiring process. Time recorded as a percent reflects the numerical validation of time spend across varying base amounts assigned to each task within the different companies surveyed.
HireVue is making business personal again through social, mobile & video enriched workplace interactions. Our Talent Interaction Platform™ lets people tell their story and demonstrate their talents, enabling high-touch collaboration and insights – all at the speed, quality and consistency of digital. HireVue was recognized by Forbes as a top 10 company on America’s Most Promising Companies list in 2014, as a top 50 company in Deloitte’s Annual Fast 500, and as a top 500 fastest -growing private company by Inc. magazine in 2013. Join HireVue customers like Ocean Spray, American Express, UnitedHealth Group, NYSE and Geico, that are reimagining recruiting and putting the personal back in business. http://www.hirevue.com.
Keep a pulse on emerging trends by following HireVue's social channels: http://www.twitter.com/hirevue, https://www.facebook.com/hirevue, and http://www.youtube.com/hirevue.
Talent Interaction Platform Provider Appoints Darren Jaffrey to Lead International Operations, Opens Office in London and Outlines Details of EMEA Launch Event
LONDON and SALT LAKE CITY, Feb. 6, 2014 /PRNewswire/ -- Leading Talent Interaction Platform™ provider HireVue, today announced international expansion to support its rapidly growing customer base and strong global demand, including users in over 120 countries. HireVue clients include more than 20 percent of the Fortune 100 as well as top global brands such as Vodafone, Random House, and Randstad. Companies use HireVue's digital recruiting solutions to modernize their existing recruiting efforts through video, social and mobile-enriched interactions. The platform augments existing HR systems to improve the candidate experience, increase recruiter productivity, and reduce time and costs by upward of 50 percent.
Darren Jaffrey joins HireVue as General Manager, EMEA & APAC, based out of the new HireVue London office, which opened on February 1, 2014. Jaffrey previously held roles as SVP, International Operations at Taleo and COO at MrTed. Having worked in London, Singapore and Sydney throughout his career, Jaffrey has proven experience establishing and growing technology-based entrants in Europe and APAC.
"There's an exciting transformation taking place in workforces around the world. We're excited to move closer to our growing global customer base and become part of this movement to modernize the way we work," said Mark Newman, Founder and CEO, HireVue. "Unlike many companies that take global expansion casually, we're very serious about our commitment to the local markets in Europe and Asia Pacific. The combination of Darren's deep roots in both of these regions and strong track record leading major companies in the HCM category sets HireVue up for great international success."
"Businesses in Europe and Asia Pacific are inherently more distributed, mobile and need to do more with less. Existing HR systems lack the world-class candidate experience, speed and consistency provided by HireVue's talent interaction platform," said Jaffrey, "The company is poised for explosive growth in the global market by partnering with companies large and small to accelerate and improve the way they recruit talent."
HireVue's European launch will be initiated with an invitation-only evening reception on March 26, 2014 at the Hospital Club, London. For more information on HireVue's services in Europe and to request an invitation their launch event on March 26, please visit: http://learn.hirevue.com/helloemea
The expansion will include in-region technology infrastructure and business operations comprised of customer support, professional services and sales resources. International growth comes on the heels of significant momentum for the company, including recognition such as the Forbes Top 10 "Most Promising Companies in America" list, the Inc. Magazine Hire Power award, the top 50 ranking in Deloitte's Annual Fast 500, and the Brandon Hall "Best Advance in Talent Acquisition Technology" award. In the past six months, HireVue has also secured a joint collaboration with LinkedIn and an integration agreement with Salesforce, among other partners, as well as announced the acquisition of the world's most advanced interview coordination software, Reschedge. These developments have powered an expanded platform that includes HireVue's flagship digital screening and live interviewing capabilities, as well as new solutions for sourcing, skills validation and onboarding.
HireVue is making business personal again through social, mobile & video enriched workplace interactions. Our Talent Interaction Platform™ lets people tell their story and demonstrate their talents, enabling high-touch collaboration and insights – all at the speed, quality and consistency of digital. HireVue was recognized by Forbes as a top 10 company on America's Most Promising Companies list in 2014, as a top 50 company in Deloitte's Annual Fast 500, and as a top 500 fastest -growing private company by Inc. magazine in 2013. Join HireVue customers like Ocean Spray, American Express, UnitedHealth Group, NYSE and Geico that are reimagining recruiting and putting the personal back in business. http://www.hirevue.com
Keep a pulse on emerging trends by following HireVue's social channels: http://www.twitter.com/hirevue https,://www.facebook.com/hirevue, and http://www.youtube.com/hirevue.
HireVue Launches “WorldVue” Platform to Transform the Way Non-Governmental Organizations Source and Select Their Volunteers Worldwide
WorldVue is the First Official Solution from HireVue Labs, an Incubator Powering Meaningful Applications of the HireVue Technology
SALT LAKE CITY – January 27, 2014 – Leading Talent Interaction Platform™ provider HireVue, announced today the launch of WorldVue, a full-service platform designed to meet the volunteer interviewing and staffing challenges of established non-profits globally. Offered free of charge to qualifying not-for-profit organizations and NGOs, WorldVue leverages HireVue’s award-winning technology to help these organizations source, vet and interview volunteers. WorldVue is best suited for registered not-for-profit organizations that are volunteer-centric and have a global geographical presence.
“Technology should help facilitate social good. Non-profits have suffered just as much as enterprise companies when it comes to archaic ways of identifying, interviewing and interacting with the best talent,” said Mark Newman, CEO and Founder, HireVue. “WorldVue can help build the world’s best non-profits by allowing volunteers to better identify how they can contribute, and by creating a better volunteer experience along the way.”
WorldVue customers benefit from the same technology and full-service experience as HireVue’s customer base, which includes numerous Fortune 500 companies such as Walmart and Geico. Non-profits can leverage WorldVue to more effectively identify, evaluate and recruit the best volunteer talent. WorldVue leverages a secure platform that powers on-demand and live interviews, social sourcing, candidate rating, rating sharing with other decision makers, and branded landing pages. The not-for-profit organizations are fully supported as they implement the platform, from white-glove user training to 24/7 online and phone support in a dozen languages. More information about WorldVue can be found in this short video: www.worldvue.org.
“It’s simply unacceptable in this day and age that a lack of resources can stand between worthy non-profits and the best volunteer talent. However, every day around the globe non-profits suffer from this very thing, particularly in instances of natural disaster or where volunteer needs are dispersed geographically,” said Jeff Barson, HireVue Labs. “At HireVue Labs, we provide a technology platform for companies that are rethinking the way people connect and communicate – whether it’s a candidate and a prospective employer, a doctor and a patient or a politician and a voter. WorldVue is simply one example of how we incubate new and relevant applications of the HireVue technology beyond human resources.”
WorldVue is a project of HireVue Labs, the experimental startup arm of HireVue created to build new businesses that can benefit from HireVue’s core human interaction technologies. Using software to reimagine the way people interact in an endless number of settings – ranging from healthcare to training to education – the HireVue Labs team works on solutions that disrupt the status quo.
WorldVue is already being implemented by VSO, a leading international development NGO that fights poverty through volunteers, which recruited nearly 700 volunteers last year for placements in more than 30 countries worldwide. “Volunteers are at the heart of our organization. We bring volunteers together with local partners to develop health and education services, opportunities to earn a living and to give poor people a voice. They share skills and experience to create lasting positive change worldwide,” said Ian Moffett, Selection and Induction Manager, VSO. “It’s important that volunteers have an excellent VSO experience from the moment they apply and that their skills are matched according to need with our local partners globally. WorldVue helps us achieve both missions.”
To learn more about WorldVue, visit www.worldvue.org. To learn more about HireVue, visit www.hirevue.com.
HireVue is making business personal again through social, mobile & video enriched workplace interactions. Our Talent Interaction Platform™ lets people tell their story and demonstrate their talents, enabling high-touch collaboration and insights – all at the speed, quality and consistency of digital. HireVue was recognized by Inc. magazine in 2013 as a top 500 fastest growing private company and HR Executive Magazine as a Top HR Product of 2012. Join HireVue customers like Ocean Spray, Dow Jones, and Walmart who are reimagining recruiting and putting the personal back in business. http://www.hirevue.com.
Keep a pulse on emerging trends in digital interviewing by following HireVue's social channels: http://www.twitter.com/hirevue, https://www.facebook.com/hirevue, http://www.youtube.com/hirevue.
VSO brings people together to fight poverty through the lasting power of volunteering. We work alongside communities worldwide to create positive change. Our programs are in some of the world’s poorest countries reaching millions of people through improved access to services in education, health, HIV/AIDS, disability, and governance. VSO’s vision is of a world without poverty, but we can only achieve this by working together. To find out more, visit www.vsointernational.org
Talent Interaction Leader Eases Pain of Scheduling…and Rescheduling…and Rescheduling
SALT LAKE CITY – January 9, 2014 – HireVue, the leading talent interaction and digital recruiting provider, today announced the acquisition of Reschedge, the world’s most advanced interview coordination software. The unique cloud-based solution’s algorithm automatically crawls through calendars to connect the right people at the most convenient time and place. The Reschedge team will be joining the team at HireVue.
Developed by a former Google engineer and MIT alumnus, Reschedge is a first-of-its-kind solution built specifically for interview coordination. It is pre-integrated with popular calendaring systems like Outlook/Exchange and Google, and functions seamlessly across platforms. Utilizing a sophisticated rules-based algorithm that assesses schedules, location availability, interview priority, and sequencing to automatically find available times and meeting locations, Reschedge simplifies the process and makes coordinating interviews easier than ever.
“We’ve heard from our customers that complex calendaring systems, last minute schedule changes and disparate recruiting tools make interview coordination a nightmare,” said Mark Newman, Founder and CEO of HireVue. “Reschedge frees recruiters from administrative burden, allowing them to spend more time interacting with candidates, accelerating recruiting and delivering a better candidate experience. ”
With the acquisition of Reschedge, HireVue customers will be able to leverage its Talent Interaction Platform™ to automatically schedule live video and in-person interviews, as well as onboarding meetings and other talent events.
“Interview scheduling is one of the most complex, mind-numbing, impossible processes to fully automate in recruiting. The variables have detoured solution providers for 20 years from trying to solve this problem, until now,” said Elaine Orler, Chairman and Co-founder of Talent Board and President and Founder of Talent Function Group. “Reschedge has cracked the code on interview coordination. By managing dynamic calendar invitations, participant preferences, updates/notifications and calendar sync, without involving IT or reconfiguring your ATS, it solves for what might just be the only process in recruiting that had yet to be successfully automated. “
For more information, please visit www.hirevue.com.
Reschedge is the world's most advanced interview scheduling software, a virtual recruiting coordinator that helps recruiters line up interviews with multiple interviewers in seconds. Working beautifully across diverse calendars, email and applicant tracking systems, Reschedge makes it simple to create, choose and change interview schedules, instantly send and track invitations and keep tabs on recruiting status – all from one convenient dashboard. Find out more at reschedge.com.
HireVue is making business personal again through social, mobile & video enriched workplace interactions. Our Talent Interaction Platform™ lets people tell their story and demonstrate their talents, enabling high-touch collaboration and insights—all at the speed, quality and consistency of digital. HireVue was recognized by Inc. magazine in 2013 as a top 500 fastest growing private company and HR Executive Magazine as a Top HR Product of 2012. Join HireVue customers—including more than 20% of the Fortune 100—who are reimagining recruiting and putting the personal back in business. http://www.hirevue.com.
Keep a pulse on emerging trends in digital interviewing by following HireVue at twitter.com/hirevue, youtube.com/hirevue, facebook.com/hirevue.
HireVue Uncovers Unique Hiring Insights with Acquisition of CollaboRATE
Patented Interview Feedback and Decision Engine Empowers HireVue Customers with Key Interview Feedback on Candidates, Interviewers and Recruiters
SALT LAKE CITY – December 23, 2013 – Talent Interaction Platform™ provider HireVue today announced the acquisition of CollaboRATE Inc. – a spinoff from ZRG Partners – featuring a patented hiring decision engine designed to improve interview collaboration, feedback and analysis. Developed together with ZRG’s Fortune 500 clients such as HP, the CollaboRATE platform enables more informed, data-driven hiring decisions while also equipping organizations with feedback on internal interviewers and talent scouts.
CollaboRATE complements HireVue’s own technology, which leverages digital interview guides, validated questions, real-time feedback and analytics for more data-driven hiring decisions. The acquisition of CollaboRATE will have a powerful impact on HireVue clients with:
Patented collaboration, feedback and comparison tools,
Enriched reporting and analytics from talent interactions,
Valuable insights on internal interviewers, recruiters and decision makers.
“Critical data is often the missing piece that separates great hires from poor ones. CollaboRATE’s patented decision engine adds to what HireVue has set out to accomplish in powering more informed hiring choices,” said Mark Newman, CEO, HireVue. “HireVue has built an almost decade-strong legacy of delivering collaborative, data-driven interview tools, and the CollaboRATE technology is a perfect complement to our newly-expanded platform.”
“We have invested significantly in CollaboRATE and in our business process patent. Now, to secure broad reach for this technology, we needed a partner who is passionate about the interviewing space and has the talent to further develop the vision,” said Larry Hartmann, Managing Partner, ZRG Partners. “With their state-of-the-art interview solutions, HireVue was a natural choice.”
This news comes on the heels of HireVue’s recently announced Talent Interaction Platform, expanded to include video, mobile and social enriched interactions across the spectrum of talent needs, from sourcing and screening to validation, interviewing and onboarding. For more information, visit http://www.hirevue.com.
For more information, visit http://www.hirevue.com.
HireVue is an amazing new way to interview – on demand! Users simply browse, watch, rate and share the interviews they want, on their own time – just like streaming their favorite movies – even from a smart phone. Recognized by Inc. magazine in 2013 as a top 500 fastest-growing private company, by Deloitte as a top 50 company in Deloitte’s Annual Fast 500 and by HR Executive Magazine as a Top HR Product of 2012, HireVue’s Digital Interview Platform™ also helps improve interviews of all types, including in person, phone and video interviews. Digital question, feedback and collaboration tools remove hassle and make interviewing up to ten times faster and nine times cheaper. Join HireVue customers like Ocean Spray, Nike, Dow Jones and Walmart who are making interviewing awesome. http://www.hirevue.com.
Keep a pulse on emerging trends in digital interviewing by following HireVue's social channels: http://www.twitter.com/hirevue, http://www.facebook.com/hirevue, http://www.youtube.com/hirevue.
About ZRG Partners
ZRG Partners is a global executive search and human capital management firm founded on the principle that good information and process excellence are the cornerstones of any human capital decision. Last year, ZRG Partners completed searches in 33 Countries. The firm is regarded as one of the fastest growing retained search firms. ZRG operates globally with offices in the U.S., Europe and Asia Pacific.