With the job application process being a stressful one to many aspiring candidates, firms such as Cigna and Goldman Sachs is hoping to relieve the pressure by calling for recorded video resumes in place of paper ones. The process asks instead for applicants to share a video of themselves where they discuss their resume and responses to interview questions, rather than face-to-face. The initiative hopes to reduce anxiety in candidates that feel as though they freeze up in such situations.
The process leaves behind asking for physical copies of resumes and online submitted question answers in place of a video that shows the candidates personality, verbal communication skills and their appearance. The video provides benefit to both ends of the interview process as candidates can feel less intimidated, and interviewers can revisit the footage.
Streamed Resume Submissions
Recorded Video Applications Aim to Reduce Stress in Candidates
Trend Themes
1. Streamed Video Resumes - The trend towards using video resumes in the job application process offers disruptive innovation opportunity for platforms to provide interview practice resources.
2. Virtual Job Interviews - The growing trend of virtual job interviews creates opportunities for companies to provide secure and easy-to-use video conferencing software for remote interviewing.
3. AI-assisted Video Interviews - The trend towards using AI in the job application process offers disruptive innovation opportunity for recruitment platforms and HR teams to automate and optimize the interview process.
Industry Implications
1. HR Tech - The HR tech industry can leverage the trend towards video resumes and virtual interviews by developing platforms that facilitate the recruitment process in new ways.
2. Video Conferencing - The video conferencing industry can capitalize on the growing trend of virtual job interviews by developing innovative and secure software for remote interviewing.
3. AI Recruitment Software - The AI recruitment software industry can take advantage of the trend towards AI-assisted video interviews by developing tools that automate the interview process and provide useful insights to HR teams.