June 2015

 

Mark Sasson, Sr. Search Consultant at RayboyIS, shares his expertise on current hiring practices used in today’s marketplace:

expert advice

While many people – including myself – cling to the belief that nothing replaces an in-person meeting, the next best option is a video interview. The majority of candidates I represent are typically home-based and report to managers located hundreds, if not thousands of miles away. That coupled with busy travel schedules on both ends creates logistical nightmares when it comes to lining up in-person interviews.  Fortunately, there’s an app for that.

In my tenure as a headhunter in the Cloud/Infrastructure niche, I’ve seen the hottest technologies become commoditized. LinkedIn profiles are quickly replacing resumes and there is a HUGE increase in video interviews, or video chats.

Common Applications for Video Interviewing

A hiring manager may choose to include a video chat in the interview process for a number of purposes:

Getting to know you

Unless it’s overwhelmingly convenient from a location and scheduling standpoint, the first interview is typically an exploratory phone call. Having the opportunity to interact face-to-face on a video chat will always provide greater insight into whether it is worth moving to the next step (for both parties).

Presentations

This is usually applied to the technical folks that I represent who are asked to present a product demo or POC (Proof of Concept).

Allowing their boss to meet you

Often times there is a requirement (by HR or self-imposed) for VP or C-level approval on hiring. Rather than push out a final interview until the big-wig is available, some of my clients are beginning to rely on video chat to satisfy that requirement sooner.

Replacing the in-person interview completely

“Laying eyes on the candidate” is usually a must. That said, in unique circumstances where timing is an issue, a video chat can replace the in-person meeting completely. I recently made my first hire with a client in that scenario. While I don’t see it becoming a trend in the near future, it can and does occasionally happen.

Trends on Video Interviews

Since starting my recruiting career about five years ago, there has been a consistent increase in the amount of video interviews year over year.

  • 2011 less than 20% of the interview processes included a video chat
  • 2012 saw a small increase to just under 25%
  • 2013 the number shot up to close to 40%
  • 2014 about 60% of all our interview processes included a video chat
  • To date (as of 6/2015) 75% of the interview processes we are running consist of a video interview
  • The marked increase is likely due to a number of factors:
  • More tech-savvy hiring managers that are comfortable using the technology
  • Higher reliability of Wi-Fi and availability due to smart phones/tablets
  • More competitive candidate-driven hiring environment and recognition that “Time Kills All Deals”
  • Busier travel schedules
  • Our recommendations to clients based on previous success

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Investment continues to flow into storage startups, with Tegile Systems the latest company receiving a major cash infusion, closing a $70 million Series D funding round. The new funding brings the company’s total capital raised to $117.5 million to date, and will be used to finance its global expansion and address the opportunity within the enterprise flash storage market space.funding 2

Three new investors, Capricorn Investment Group, Cross Creek Advisors and Pine River Capital Management, join existing investors August Capital, Meritech Capital Partners, Western Digital Corp. and SanDisk Corp. to fund the round.

With a best-in-class product portfolio, an award-winning partner program, and numerous industry accolades, Tegile continues to set the bar for up-and-coming storage vendors,” said Dipender Saluja, MD, Capricorn Investment Group. “Tegile is transforming the storage industry by offering unique storage solutions that strike the perfect balance between performance and economics. The opportunity to partner with Tegile and help scale the company as it continues its rapid ascent in the flash storage industry is one that we simply could not afford to pass up.”

Tegile provides flash-optimized storage solutions that enable businesses of all sizes to accelerate their applications, reduce their storage footprint and cut operational costs. Tegile shipped its first storage array in 2012. Since then, the company has deployed more than 1,500 systems within mid-sized and large enterprise environments and has experienced year-over-year revenue growth of 350%. Read More.