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Start Hiring For Free“The future is already here — it’s just not very evenly distributed.” - William Gibson, author of Neuromancer
The quote above captures the essence of the innovation that is reshaping the world of work. Virtual recruiting is one such idea that has come of age in the wake of the COVID-19 pandemic. Virtual recruiting is the process of hiring talent remotely, using online tools and platforms to source, screen, interview, and onboard candidates.
Virtual recruiting can offer many benefits for both employers and candidates, such as:
To overcome these challenges and risks, employers need to adopt best practices and strategies for virtual recruiting. In this article, we will explore some of the latest trends, tips, and tools for virtual recruiting in 2021.
Virtual recruiting is not a new concept, but it has gained more prominence and popularity in the past year due to the pandemic. According to a Gartner poll of 334 HR leaders in April 2020, 86% of organizations are incorporating new virtual technology to interview candidates due to the COVID-19 pandemic. In addition, 82% of organizations anticipate a decline in external hiring across the next three months.
As the pandemic continues to disrupt the normal operations of many businesses, virtual recruiting has become a necessity rather than a choice for many employers. However, virtual recruiting is not just a temporary solution for the crisis. It is also a long-term opportunity for innovation and improvement in the talent acquisition function.
According to a survey conducted by LinkedIn and supplemented by data generated by more than 760 million members on the professional networking site, 70% of respondents believe that a hiring process that combines virtual and in-person processes will become increasingly standard due to the associated cost and time savings.
Some of the key trends that are shaping virtual recruiting in 2021 are:
Video interviews are one of the most common and effective ways of conducting virtual interviews. Video interviews can be either live or pre-recorded. Live video interviews allow for real-time interaction and feedback between employers and candidates. Pre-recorded video interviews allow candidates to record their responses to a set of questions at their convenience and employers to review them later. Video interviews can help employers assess candidates’ communication skills, personality traits, and cultural fit.
Online assessments are another way of evaluating candidates’ skills, abilities, and potential remotely. Online assessments can include cognitive tests, personality tests, situational judgment tests, skills tests, or simulations. Online assessments can help employers measure candidates’ aptitude, attitude, and fit for the role and the organization.
Virtual hiring events are online events that allow employers to showcase their employer brand, culture, and opportunities to a large number of potential candidates at once. Virtual hiring events can include webinars, live chats, Q&A sessions, panel discussions, or networking sessions. Virtual hiring events can help employers attract more talent, generate more leads, and increase their conversion rates.
AI is a technology that can automate or augment various aspects of virtual recruiting. AI can help employers with tasks such as sourcing candidates from various channels, screening resumes for keywords and qualifications, matching candidates to jobs based on their preferences and profiles, scheduling interviews with candidates based on their availability, providing feedback to candidates based on their performance, and analyzing data to optimize the hiring process. AI can help employers save time, reduce bias, improve quality, and enhance candidate experience.
Virtual recruiting can be challenging but also rewarding if done right. To ensure a successful and productive virtual recruiting process, employers need to follow some best practices and tips, such as:
Before starting a virtual recruiting process, employers need to define the goals and expectations of the process. They need to clarify the role and responsibilities, the skills and qualifications, the compensation and benefits, and the timeline and milestones of the hiring process. They also need to communicate these clearly and consistently to the candidates and the hiring team.
Employers need to choose the right tools and platforms that suit their needs and preferences for virtual recruiting. They need to consider factors such as the cost, functionality, reliability, security, and user-friendliness of the tools and platforms. They also need to test them beforehand and provide training and support to the candidates and the hiring team on how to use them effectively.
Employers need to prepare for the interviews in advance to ensure a smooth and professional virtual interviewing experience. They need to check their equipment, internet connection, lighting, and background before the interview. They also need to review the candidates’ resumes, portfolios, and assessments before the interview. They also need to prepare a list of relevant and behavioral questions to ask the candidates during the interview.
Employers need to engage with the candidates throughout the virtual recruiting process to keep them interested and informed. They need to provide timely and personalized feedback to the candidates after each stage of the process. They also need to follow up with the candidates regularly and update them on the status of their applications. They also need to showcase their employer brand, culture, and values to the candidates through various channels such as social media, blogs, podcasts, or videos.
Employers need to evaluate the outcomes and results of the virtual recruiting process to measure its effectiveness and efficiency. They need to collect and analyze data on metrics such as time-to-hire, cost-per-hire, quality-of-hire, candidate satisfaction, and retention rates. They also need to solicit feedback from the candidates and the hiring team on their experience and satisfaction with the process. They also need to identify areas for improvement or optimization for future virtual recruiting processes.
There are many tools and platforms available for virtual recruiting that can help employers with various tasks and functions of the process. Some of the most popular and useful ones are:
Virtual recruiting is a trend that is here to stay in 2021 and beyond. Virtual recruiting can offer many benefits for both employers and candidates but also poses some challenges and risks. To succeed in virtual recruiting, employers need to adopt best practices and strategies for virtual recruiting. They also need to leverage the latest trends, tips, and tools for virtual recruiting. By doing so, employers can attract, hire, and retain top talent in a competitive and changing market.
If you are looking for offshore finance and accounting professionals, Vintti can help you find them. Vintti is a platform that connects you with qualified and experienced finance and accounting talent from Latin America. You can hire full-time employees at 40% lower cost than comparable US talent, from a pre-selected pool of candidates. You can also benefit from Vintti’s virtual recruiting services, such as video interviews, online assessments, and AI tools. Whether you need a fractional CFO, a controller, a bookkeeper, or any other finance and accounting role, Vintti can help you find the best fit for your organization. Contact Vintti today and discover how offshore finance and accounting talent can help you grow your business.
Kevin Mitchell, CPA
Senior Manager and CPA with over 20 years of experience in accounting and financial services, specializing in risk management and regulatory compliance. Skilled in managing audits and leading teams to deliver exceptional services. Proud father of two.
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