Differences between Traditional Hiring Methods and Interview as a Service Platforms
In today’s job market, a company’s most difficult challenge is finding the best talent that fits the job role while competing in the market. With rapid technological advancements, there are also many new ways to implement the hiring process, such as using new modern hiring methods such as utilizing an interview as a service platform, which most companies employ to streamline their hiring process and improve the quality of hires. What differentiates traditional hiring methods vs IAAS platform? In this blog, we will explore these differences!
Traditional Hiring
Traditional hiring is a method that companies have used for many years. It includes steps like identifying the need, creating a job description, posting it, reviewing applications, conducting interviews, assessments, and onboarding. Internal teams manage these processes to recruit and hire candidates.
Now let’s discuss the advantages and disadvantages of Traditional Hiring Methods
Advantages of Traditional Hiring Process
1. Familiarity
Some companies might find the traditional hiring method more comfortable as they may have an existing procedure that they follow and know how to conduct a successful interview with every candidate.
2. Complete control over the hiring process
Companies have complete control over the process, from creating the job description to the interview process, allowing them to tailor their hiring process to the specific needs and culture of the company.
3. Strong Employer Brand
Building relationships with candidates throughout the interview can create a positive interview process, leaving a positive impression on the company and hiring team and resulting in a strong employer brand.
Disadvantages of Traditional Hiring Process
1. Time-Consuming
The traditional hiring method takes up much time due to multiple stages, scheduling, and coordination. This can be specifically challenging for interviewers and internal teams, diverting them from valuable tasks and disadvantaged them in a competitive market where top talent may have other offers.
2. Limited Reach
Traditional hiring methods may restrict the pool of qualified candidates, as local advertising and job boards may not reach a large number of potential hires. Consequently, this limitation can result in the lack of exceptional talent from other regions.
3. Unconscious Bias
Although unconscious bias is unintentional, it often occurs in traditional hiring. This can happen during resume screening, interviews, and the selection process, leading to overlooked top candidates who potentially fit the job.
4. Resource Intensive
Traditional hiring methods can be resource-intensive. They rely heavily on internal teams who are busy with essential tasks, and each stage of the hiring process consumes a lot of time. Each of these steps also requires effort and budget.
These are the advantages and disadvantages of traditional hiring methods and how they affect the company and its internal teams. We will discuss Interview As A Service platform and its advantages and disadvantages.
Interview As A Service Platform
The interview as a service platform allows you to outsource your interview process to expert interviewers. Consequently, this helps identify the best candidates to fit the job role, streamlining the hiring process. As a result, it frees up your internal HR teams and hiring managers to focus on other aspects of the hiring process.
Now what are the advantages and disadvantages of utilizing Interview as a service platform?
Advantages of Interview As A Service Platform
1. Time-Saver
IAAS platforms streamline the interview process using pre-screened interviewers and standardized assessments. Consequently, they reduce the time needed to schedule and conduct interviews. As a result, this enhances the efficiency of evaluating candidates.
2. Access to Expert Interviewers
Companies have access to expert interviewers. As a result, they ensure an effective interview, gain a deeper dive into relevant skills for the role, and ultimately, improve the quality of their hires.
3. Reduce Bias
The standardized interview and assessment format of IAAS platforms can reduce unconscious bias during interviews.
4. Positive Candidate Experience
IAAS platforms allow candidates to schedule their interviews at their convenience, resulting in a positive candidate experience.
Disadvantages of Interview As A Service Platform
1. Lack of Control
Hiring managers cannot fully control the interview process and cannot interact directly with the candidates. As a result, a lot of valuable insights are being missed.
2. Less Customization
Since most IAAS platforms utilize standardized approaches, hiring managers might have less flexibility in interview format and questions.
3. Technical Issue
Technical issues with the platforms during interviews may disrupt the flow of the interview and negatively impact the candidate’s experience.
4. Costly
Although IAAS platforms streamline your hiring process, it can also be costly, depending on the chosen platforms and their features.
These are the advantages and disadvantages of interview as a service platform and how it can consequently affect the hiring process.
What are the differences between the Traditional Hiring vs IAAS platforms? Let’s delve together to answer our questions!
The Difference of Traditional Hiring Methods vs IAAS
Traditional Hiring Method
In traditional hiring, the interviewees are typically the internal HR managers or hiring managers. They advertise the company’s job vacancies through job boards, websites, or recruitment agencies. Interviews are conducted personally, and the team evaluates the candidates to see whether they fit the role or not.
Interview As A Service
Interview as a service is the new approach to the hiring process. As a result, companies are increasingly seeking reliable and effective IAAS providers specializing in their industry or required skill set. To begin with, IAAS providers conduct the initial screenings and assessments utilizing tools like pre-recorded video interviews or skills tests. Subsequently, expert interviewers or industry professionals conduct in-depth interviews with shortlisted candidates. Finally, they provide companies with data-driven insights to help them make wise hiring decisions.
Conclusion
Overall, rapid technological advancements drive companies to upgrade their hiring methods in today’s job market. Consequently, this shift helps attract top candidates and, in turn, improves the quality of their hires. While traditional hiring methods are still helpful, the fast-paced evolution of technology makes it challenging to stay competitive. This has led to the adoption of IAAS platforms, enabling companies to outsource their interview process to expert interviewers or industry professionals as a result.
While traditional hiring methods may appear outdated and less effective, they can still be leveraged to refine and improve hiring processes, resulting in a more streamlined and efficient hiring process.
If you want to streamline and upgrade your hiring process, Panls is here to help! Panls is an interview as a service platform that conducts interviews on your behalf, securing you with the best talent for your company! Sign up now!
