May 07, 2013
HIREVUE ANNOUNCES Q1 2013 RESULTS INCLUDING TRIPLE DIGIT REVENUE GROWTH AND SIGNIFICANT EXPANSION OF GLOBAL CLIENT BASE
New customer demand and expansion across global markets fuels digital interviewing leader’s 11th consecutive quarter of growth
SALT LAKE CITY – May 8, 2013 – HireVue, the leading on-demand digital interviewing platform provider, today announced 100 percent sales growth and a 78 percent increase in new customers for the quarter ended April 30, 2013, as compared to the same quarter 2012. The company also announced the appointment of Rick McCord to its leadership team as Vice President of Global Sales.
“Experiencing 100 percent sales growth in Q1 – particularly on the heels of a record 2012 - is an outstanding testament to our incredibly talented team and to the technology we’ve built here at HireVue,” said Mark Newman, founder and CEO, HireVue. “We’re laser focused on investing in our most important asset – our customers – to help them reimagine and modernize the way they recruit talent and ultimately transform their business.”
Newman added, “I’m also extremely pleased to welcome Rick to the leadership team. Rick’s unparalleled sales acumen and experience scaling sales organizations will further help to position us for continued growth and expansion. Rick will be leading one of the most seasoned and talented global sales teams in HR technology, and we’re thrilled to have him on board.”
Fiscal and business highlights for the quarter ended April 30, 2013:
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Year-over-year sales growth of 100 percent from both new and existing customers.
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78 percent increase in new customers added, year over year, with the addition of top global organizations including:
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BASF Corporation
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Carnival Corporation
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Ciber, Inc.
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Planet Hollywood International, Inc.
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Recruitmilitary LLC
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University of Utah Hospitals & Clinics
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Record candidate satisfaction ratings based on candidate experience surveys during the quarter, which revealed that 97% of candidates appreciate the convenience of on-demand digital interviews. Further, 95% of candidates appreciate that it’s a fair and consistent process while another 90% agree that digital interviews are an effective way for companies to get to know them as individuals.
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476% interview volume growth year over year.
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The appointment of Rick McCord as Vice President of Global Sales. McCord brings more than 25 years of experience to HireVue, having served previously as Vice President of Worldwide Sales and Services for Domo Inc, a leading provider of business intelligence software. His leadership helped drive Domo from its founding days to becoming one of the fastest-growing SaaS companies. Earlier in his career, McCord served as Vice President, Americas, Sales for LANDesk and as Vice President of Global Channel Sales and Alliances at Altiris, which was acquired by Symantec.
“I am thrilled to join HireVue. As a former HireVue customer, I saw first-hand the impact digital interviewing had on our business and our ability to succeed. We were able to reduce time to hire and improve the quality of hire while focusing our efforts on top-notch candidates. I look forward to sharing my story with others in our drive to grow HireVue,” said McCord. “As a sales executive, I understand the challenges associated with sourcing and selecting the best talent quickly and returning hiring managers to revenue-generating tasks. HireVue is doing just that, by enabling the sourcing and recruiting process to happen anywhere, anytime – and allowing companies to get to the best talent before the competition. It’s truly a game-changing technology that is having an impact all the way to the C-suite.”
For more information on HireVue, please visit www.HireVue.com.
About HireVue
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 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
May 01, 2013
HireVue and Avature Join Forces to Reinvent Talent Acquisition
HireVue’s Digital Interviewing Technology Integrates with Avature’s Industry-Leading CRM to Help Employers Source and Identify the Right Candidates Sooner
SALT LAKE CITY – May 1, 2013 – HireVue, provider of amazing new ways to interview – through social, mobile and on demand technology – and Avature, a leading provider of innovative Web 2.0 talent acquisition solutions delivered as SaaS, announced details of their strategic partnership and solution integration, which provides employers with a cutting-edge approach to improving sourcing and recruiting strategies.
HireVue and Avature have teamed up to develop a next-generation integrated solution that combines the best of HireVue’s digital recruiting technology platform with the robust functionality of Avature’s leading candidate relationship management (CRM) solution. The integration creates a more efficient, more effective process that changes the way employers source talent and enhances the experience for candidates, positively impacting employment brand and future workforce strategies.
Today’s employers are challenged to conduct job candidate sourcing and screening in a recruiting landscape that is constantly evolving. Once employers cut through the noise and connect with candidates, they embark on a lengthy recruiting process, where candidates apply and participate in countless phone and in-person interviews and assessments, only to often discover that the candidate isn’t right for the position.
Now Avature CRM users are able to schedule and review digital interviews with selected candidates using the HireVue platform, helping employers avoid the time- and resource-consuming traditional interview process to quickly target and connect with the right candidates. Avature users can access the mobile, social and on demand digital interviewing solutions – including OpenVue™, HireVue’s revolutionary social interview app – directly from their CRM with a single sign-on process. Through the integrated solution, candidates introduce themselves to employers instantly, validating and bringing their skills and accomplishments to life whenever and however it’s convenient for them, and much sooner in the talent acquisition cycle.
“HireVue shares our commitment to disrupting the status quo of recruitment to align with current communication trends and eliminate inefficiencies in the talent acquisition process,” said Dimitri Boylan, CEO of Avature. “Through our partnership, we have combined the power of two game-changing recruitment technologies, allowing employers to find qualified candidates and make better informed hiring decisions much faster.”
“Digital interviewing technology has truly changed the way that recruiters, hiring managers and job candidates communicate, and how employers engage with the talent that will help their organization gain a competitive advantage. Our cutting-edge social, mobile and on demand digital interview solutions have revolutionized the process and set new expectations for a unique and fair candidate experience, and an objective and efficient employee screening process,” said Mark Newman, founder and CEO of HireVue. “We’re excited to partner with Avature, and to combine our solution with the power of an industry-leading CRM to help employers nurture, identify and engage candidates quickly, enabling them to put exceptional talent to work for their companies right away.”
HireVue will be exhibiting at the 2013 Avature Annual User Conference, from Monday, May 6 through Wednesday May 8, 2013 in Chicago. Attendees can learn more about the integrated solution and how HireVue’s award-winning digital interviewing platform has transformed recruiting and screening during a special presentation at 2:00 p.m. on Tuesday, May 7. HireVue’s experts will also be available in the exhibit room where attendees can participate in hands-on digital interview demos and hear more about how Avature and HireVue are disrupting stale sourcing and screening strategies.
About Avature
From its founding in 2005 by Dimitri Boylan, co-founder and former CEO of Hotjobs.com, Avature has focused on redefining the recruiting software market with game changing Web 2.0 technology designed to meet the real challenges and new opportunities of social recruiting. Avature CRM, the company’s flagship product, was launched in 2008 as a flexible platform to support agile global talent acquisition practices. Avature customers include 41 of the Fortune 500 and leading global RPO/BPO service providers. Avature has offices in Charlotte, Chicago, Portland, London, Munich, Buenos Aires, Melbourne, and Hong Kong. For more information, please visit http://www.avature.net
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About HireVue
HireVue™, the global leader in on-demand, digital interviewing, is based in Salt Lake City, Utah. Their cloud based platform enables users to 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 or tablet. Recognized 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. HireVue’s CodeVue™ platform also powers technical hiring by combining the traditional HireVue platform with coding challenges that allow companies to more easily identify and recruit top technical talent. Digital questions, feedback and collaboration tools remove hassles and make interviewing up to ten times faster and nine times cheaper. Join HireVue customers like Starbucks, Nike and Wal-Mart 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
February 13, 2013
HireVue Announces Record 2012; Appoints Founder Mark Newman as CEO
Digital Interview Leader Reports Triple-Digit Sales Growth, 400 Percent User Growth, 140 New Enterprise Customers, 3 New Products and Team Expansion
SALT LAKE CITY – Feb. 13, 2013 – HireVue, the leading on-demand digital interviewing platform provider, today announces a record fiscal 2012. For the fiscal year ended January 31, 2013, HireVue saw revenues grow by approximately 170 percent, added 140 new customers (an increase of more than 100 percent over 2011) and recorded more than 150 renewal and add-on transactions from existing customers.
HireVue also announces updates to its leadership team, aimed at setting the company up for further growth and success in 2013. Founder and Chief Innovation Officer, Mark Newman, has assumed the role of CEO and David Bradford has been named Executive Chairman. As Chairman, Bradford will continue to oversee HireVue’s financing, board of directors and shareholder relations. As CEO, Newman will continue to oversee corporate strategy and product innovation as well as day-to-day operations of the company.
HireVue’s fiscal 2012 highlights:
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Record revenue, up nearly 170 percent year-over-year.
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New customers included: eBay, Elance, Express Scripts, KIPP LA Schools, Living Social, New York Stock Exchange, Panda Restaurant Group, Random House, Salesforce.com, University of Nevada and Vodafone. Customers report powerful results, reducing interview time by 90% and total hiring time by 50% while reducing travel costs by up to $1500 per candidate.
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Record adoption, with users and interview volume up more than 400 percent over 2011.
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Launch of HireVue Mobile, the world’s first mobile interview application. Released earlier this year, HireVue’s mobile apps for iPhone, iPad and Android have experienced rapid adoption, with nearly 20 percent of all digital interviews now being completed via mobile devices.
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Launch of HireVue OpenVue, the world’s first social interview application enabling candidates and companies to connect and share digital introductions, interviews, and get hired using social networks, QR codes and geolocation.
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Launch of HireVue CodeVue, the world’s first technical interview application for sourcing and screening technical talent. CodeVue removes the guesswork from technical recruiting with coding questions, challenges and contests that allow candidates to demonstrate their ability to work.
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Recognized as 2012 HR Product of the Year by HR Executive Magazine™.
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$22 million in new funding led by Investor Growth Capital with previous investors Granite Ventures and Peterson Ventures, as well as newcomers Rose Park Advisors and Wilson, Sonsini, Goodrich and Rosati.
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Strengthened board of directors with addition of Phil Dur, Managing Director at Investor Growth Capital, and Doug Dennerline, former President of SuccessFactors.
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Added more than 50 new team members.
“2012 was an incredible year for HireVue. We grew the team, broadened the product suite, strengthened our financial position and helped customers realize remarkable results,” said Mark Newman, CEO of HireVue. “We look forward to an even better 2013 as we transform the way people interact, enabling them to connect, tell their story and be heard - while helping organizations make smarter, data-driven decisions.”
“Serving as CEO of HireVue has been a great honor,” said David Bradford, Executive Chairman of HireVue. “Mark has unmatched passion and entrepreneurial spirit for the business he has created and helped build. As HireVue continues into its next phase of growth and expansion, I’m thrilled to see Mark transition to take on the role of CEO. I’m equally excited to continue to lead the board of directors and shareholders as we capitalize on this incredible market opportunity.”
For more information on HireVue, please visit www.HireVue.com.
For more information on career opportunities at HireVue, visit http://hirevue.com/company/careers-2/.
About HireVue
HireVue™, the global leader in on-demand, digital interviewing, is based in Salt Lake City, Utah. Their cloud based platform enables users to 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 or tablet. Recognized 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. HireVue’s CodeVue™ platform also powers technical hiring by combining the traditional HireVue platform with coding challenges that allow companies to more easily identify and recruit top technical talent. Digital questions, feedback and collaboration tools remove hassles and make interviewing up to ten times faster and nine times cheaper. Join HireVue customers like Starbucks, Nike and Wal-Mart 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
February 06, 2013
One-Third of American Workers Describe Their Most Recent Job Interview as “Love at First Sight”
Nearly as Many Candidates Classify Their Last Interview Process as “Playing Hard to Get”
SALT LAKE CITY – Feb. 7, 2013 – There is no doubt that the job interview process is like courtship, from the first date to the follow-up to the long-term relationship if the compatibility is right. HireVue, the leading on-demand digital interviewing platform, today announced results of an Ipsos Public Affairs survey revealing that one-third of American workers experienced instant attraction in their most recent job interview, calling it “love at first sight”.
Survey Results:
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35 percent of women and 28 percent of men said they instantly fell in love with the opportunity for which they most recently interviewed
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One-third (30 percent) of working Americans likened their last interview process to a game of “playing hard to get”
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One in five (20 percent) of survey indicated the interview process was “hot at first, but then fizzled fast”
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18 percent revealed it dragged on, resembling “a three-month affair”
“Interviewing is a courtship to one of the most important relationships for Americans – their job,” said Kevin Marasco, chief marketing officer at HireVue. “In the job interview process, both falling in love instantly and playing hard to get may cloud a candidate’s judgment in assessing the opportunity at hand. Instead, job seekers should strike an objective middle ground, treat their resume like an online dating profile and the interview process like a blind date.”
Hiring managers and recruiters nationally who are looking for long-term relationships with their new hires – and are mindful of the costs of bad hires - should consider the following:
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Does your interview process sell your company culture and the intangibles of what the position has to offer in a long-term relationship – beyond the basic of a compensation package?
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Are you managing the expectations of the candidate throughout the interview process?
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Are you interviewing with “love at first sight” in mind, ensuring you hire talent that will be with your company long term, or are you being non-committal, leaving the possibility that the love affair will fizzle fast?
Much like a dating relationship in today’s digital world, candidates on the other hand should expect their potential employer to research their history online. HireVue’s Chief Executive Officer David Bradford advises that job seekers can expect recruiters or hiring managers to check social media for:
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The top ten searches for your name on Google, Bing, Yahoo, Ask or other search engines
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The number of Twitter followers you have and last time you tweeted and what you’re tweeting
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The size and quality of your LinkedIn community
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The number and quality of recommendations you have on LinkedIn
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The content posted on your Facebook profile
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Your Klout score
For more information about HireVue’s digital interviewing platform, please visit http://www.hirevue.com
Survey Methodology
These are some of the findings of an Ipsos poll conducted February 1- 4, 2013. For the survey, a national sample of 1,005 adults aged 18 and older from Ipsos’ U.S. online panel were interviewed online. Weighting was then employed to balance demographics and ensure that the sample's composition reflects that of the U.S. adult population according to Census data and to provide results intended to approximate the sample universe. A survey with an unweighted probability sample of 1,005 and a 100% response rate would have an estimated margin of error of +/- 3.1 percentage points 19 times out of 20 of what the results would have been had the entire adult population in the United States had been polled. All sample surveys and polls may be subject to other sources of error, including, but not limited to coverage error, and measurement error.
About HireVue
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 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 Starbucks, Nike and Walmart who are making interviewing awesome. http://www.hirevue.com
January 23, 2013
HireVue Equips Hiring Managers in the War for Tech Talent with the Introduction of CodeVue™
-Cloud-based Digital Recruiting Platform Helps Rapidly Identify, Engage and Screen Technical Talent through Online Interviews
SALT LAKE CITY – Jan. 24, 2013 – The war for technical talent wages on with record demand for high-performing employees far surpassing the availability of qualified candidates to meet this demand. Information technology research company Gartner projects 2013 IT spending to hit $3.7 trillion. This increased investment has led to single-digit unemployment for IT professionals, according to the U.S. Bureau of Labor Statistics, making it extremely difficult for companies to recruit and hire technical talent. The challenge lies in identifying and evaluating complex technical skills, a task that is especially difficult for recruiters and HR leaders who are often not technically proficient, often translating to bad hires. HireVue is introducing a solution to these challenges head-on with the launch of CodeVue™, the world’s first cloud-based digital recruiting platform built to rapidly and effectively identify, screen and assess technical talent.
“As the demand for technical talent proliferates across industries, the need to evaluate their skills has become increasingly challenging,” explains Mark Newman, chief innovation officer, HireVue. “Recruiters often lack understanding of programming languages to properly assess a candidate. Additionally, C-level executives lack the time and resources to commit to the dramatically increasing demand of reviewing each candidate applying for a position. CodeVue™, integrated into HireVue’s digital platform, eliminates all of these problems by delivering an interactive, consistent, convenient and data-driven interview process for recruiters, hiring managers and candidates alike.”
"Our top priority is to deliver innovative solutions to help our clients further automate their sales teams and front office operations," said Jen Kindell, director of operations,360vantage.com. "Since our pace of development is at an all-time high, we needed a better way to quickly identify and evaluate technical skills as we continue to build out our team of talented engineers and developers. HireVue CodeVue is helping us do just that, by allowing us to evaluate a candidate's ability to code early on in the process, ensuring we're spending time with only the best candidates with the best skills. This will improve our time to hire, and help us quickly build products that give our clients a competitive advantage."
HireVue CodeVue™ enables candidates to more conveniently and expressively showcase their coding abilities through a series of challenges during the digital interviewing process. Recruiters and hiring managers can review candidates’ validated coding results (including scores, score details, and raw and executed code) as well as video responses to behavioral-based interview questions. The online interview responses, code samples and scores can be shared with other members of the hiring team for rapid collaboration, feedback and data-driven decisions. Candidates are afforded a better opportunity to be heard by showcasing their coding skills as well as how they solve problems and the pace at which they can process and complete work - all through HireVue’s social and video-enabled capabilities, and all on their own time.
A core benefit to companies deploying CodeVue™ is making smarter IT recruitment and hiring decisions. A Center for American Progress study finds that the average cost to replace an employee is between 10 and 30 percent of the employee’s annual salary. HireVue’s digital platform helps fight these costs by allowing hiring managers to more accurately and effectively screen job candidates – from technical competency to cultural fit.
For more information on CodeVue™, including an introductory video, visit: http://hirevue.com/codevue/
CodeVue™ features include:
Technology:
• 13 Programming Languages - Coding challenges are available in different programming languages.
• 60+ Code Challenge Library - Choose from a knowledge base of pre-made challenges or suggest your own.
• Easy, Medium and Hard Questions - Recruit for all job levels with coding challenges that range from simple to very difficult.
• On-Demand - Invite multiple candidates to complete coding challenges (and video response questions) at their convenience; busy recruiters and managers watch, rate and share responses on their own time.
• Secure, Private and Reliable - CodeVue™ is safe, secure, scalable, internationalized, consistent and enterprise-ready.
• Automatic Updates - CodeVue™ is cloud-based so software and content updates are automatically included in the subscription.
• Enterprise-Ready - Enterprise data, integration and compliance management tools safely support even the most complex global organizations.
Better candidate experience:
• Invite Candidates - Pre-selected candidates can be invited to participate via email or ATS integration; challenges can also be published directly to social networks.
• Social Media Integration - Public coding challenges can be distributed directly to Twitter, Facebook and LinkedIn; candidates can register with their social profiles.
• Public Coding Competitions - Public coding challenges are great for creating contests and sourcing developers through social networks and talent communities.
• Private Challenges - Secure, private challenges are ideal for screening qualified candidates, replacing whiteboard code reviews and manual code reviews.
• Objective Process - HireVue improves screening standardization, fairness, measurability, consistency and tracking.
• Mobile – Candidates can access on-demand video response, multiple choice and essay format interviews on the go using HireVue apps for iPhone, iPad, iPod Touch and Android devices.
Simplified processing for hiring managers:
• Data-Driven Decisions – Scores for coding challenges and video response interview questions are rated numerically by all reviewers, making processes more objective and decisions more measured.
• Code Scoring and Evaluation - CodeVue™ responses are automatically scored from 0-100 based on predetermined test cases.
• Video Response Questions - Video response questions help assess character, chemistry, cultural fit and compatibility.
• Review Raw and Executed Code - Reviewers can see candidates’ raw and executed code.
• Timed Challenges - Time limits can be specified for each coding challenge.
• Cheating and Plagiarism Detection - Submissions are compared to each other and flagged if very similar.
• Sharing and Collaboration - Simply click to share candidate responses with colleagues, capturing feedback from evaluation teams around the world.
• ATS Integration - HireVue has integrations with the leading HR technology vendors, reducing the need for duplicate candidate and job data entry.
About HireVue
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 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 Starbucks, Nike 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
