“As a global company, Rio Tinto needs to source talent from all over the world. Innovative solutions like HireVue allow us to quickly place prospective employees in front of hiring managers with minimal expense and logistical effort. HireVue offers us great flexibility and a competitive edge in the crucial first stages of candidate interaction and attraction.”
- Andrew P. Slentz, VP of People
Rio Tinto, a leader in the mining industry needed to interview candidates from around North America and the Pacific Rim in a cost efficient, more effective manner. Traditionally, recruiting and interviewing candidates consisted of an in-person interview following a resume screen. This had proven difficult to organize due to conflicting schedules of both hiring managers and candidates.
“By reducing both the number of candidates per position and the length of time required for each interview, HireVue can reduce the amount of time spent on interviews by an average of 50 percent.”
Nucleus Research, 2011: “L1-Research Note-Assessing the Value of HireVue”
The Company was spending an average of $800 per domestic candidate and $2500 per international candidate for travel and hotel costs to bring candidates in for an interview. Results from the interviews in many cases were mediocre and the interviews were considered wasted time by hiring managers. In addition, the interview process usually lasted 60 days or more because of schedule conflicts in organizing initial interviews.
Using a combination of HireVue Off-Site and On-Site video interviews, Rio Tinto was able to interview candidates locally and from around North America and the Pacific Rim within a matter of days. Additionally, each candidate interview was stored in a dynamic talent database and accessible by the Company at a later date in case a new position was opened that better fit the candidate.
Rio Tinto improved their hiring process immediately by making it more efficient and worthwhile for managers to participate in interviews. They reported more success in the first face-to-face interview, since hiring managers already had a feel for the candidates’ personality and both candidates and managers were more invested in the hiring process.
“When HireVue is used to record interviews remotely, travel costs can be significantly reduced. A user at a major publisher of financial data in New York City used HireVue to eliminate $50,000 in travel costs.”
Nucleus Research, 2011: “L1-Research Note-Assessing the Value of HireVue”
The information that was collected in the HireVue video interviews included detailed written responses, evaluations and ratings by hiring managers. Rio Tinto managers were able to evaluate candidates from either the many locations that the Company had operations in, or where the hiring manager was traveling. HireVue delivered the interviews from around North America at a cost savings of 77.2% compared to the cost of bringing in candidates to company locations for first round interviews. Time-to-presentation was reduced by more than 50%.
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