Hiring Surge in India: How AI Video Interview Platforms are Streamlining Recruitment

In the recent few years, India has emerged as the second largest tech talent pool after the US with almost 5 million digital and tech talents, out of which 1 million are highly skilled with some working experience. Despite having a growing talent pool and widespread technology, the recruiters are constantly struggling to get relevant talent, following a rigorous screening process, conducting numerous interviews, and onboarding the right fit. Additionally, the management is found to be investing a significant amount of time in the interview process, which can be better used in other business operations and decision-making activities.

The following figures highlight the increasing significance of artificial intelligence:

• 95% of hiring managers think AI could help with the application process.
• 41% of companies interact with candidates through chatbots powered by AI.
• Early users of AI recruitment have experienced a 75% decrease in the cost per screening candidate.
• According to 46% of HR executives, investing in new technology is the top priority for 2023.

With the ever-growing technological landscape and widespread use of AI in everyday processes, it is now imperative that the next gen technologies like AI and ML be included in recruitment, streamlining processes, enhancing efficiency, and ensuring the selection of the best-fit candidates with optimal use of resources. One such innovative solution that has gained prominence in recent years is AI video interview platform. Using AI based services like ChatGPT and OpenAI has now become a trend which is being followed widely across industries. Hence to contribute to the simplification of the hiring process, Wheebox-ETS offers a cutting-edge video interview platform which leverages AI-driven features like asynchronous interviews, automated evaluation, and detailed reporting.

The AI Advantage

The recruitment landscape is rapidly evolving, with AI playing a pivotal role. A staggering 95% of recruiters believe AI can significantly benefit the application process.

Wheebox's OptiView offers a comprehensive suite of features to optimize the hiring process:

• Standardized Interviews at Scale: First round of Interviews, where candidate's communication skills, knowledge and critical to quality competencies can be conducted for a large set of candidates without any human intervention.
• Objective Evaluation: By eliminating subjective biases, the video interview platform ensures fair and accurate evaluation based on a predefined criterion.
• Flexible Scheduling: The platform offers flexible scheduling options, allowing candidates to record responses at their convenience and improving candidate experience.
• Detailed Reporting: The recruiters get a comprehensive report, provide detailed insights into candidate performance, hence contributing to informed decision-making.
• User-Friendly Interface: The video interview platform is designed for easy navigation by administrators, candidates, and recruiters.
• Robust Security: Wheebox prioritizes data protection with ISO 27001, 9001, AICPA SOC-2, and CMMI Level 3 certifications.

Why AI based Video Interview Platform?

By embracing AI-Powered Video Interview platforms, recruiters can streamline their recruitment processes, mitigate biases, and identify top talent more effectively. These platforms provide a standardized and objective approach to candidate evaluation, ultimately leading to better hiring outcomes and organizational success.

The Future of Recruitment

Solutions like OptiView are transforming the recruitment landscape. As recruiters increasingly adopt AI based platforms and remote work, the demand for efficient and effective hiring platforms continues to grow. By embracing video interview platforms, businesses can stay ahead of the curve, attract top talent, and build high-performing teams.