Hiring is a resource-intensive exercise. Companies spend significant time, effort and money to hire candidates. Unfortunately, hiring genuine and quality resources is becoming increasingly difficult for HR professionals, thanks to the new trend of online interview malpractice.
A recent report in the Times of India highlights how online interview malpractices, especially voice impersonation where a proxy responds to questions while the candidate lip syncs, are creating havoc for companies.
The cost implications of a wrong hire are immense for companies. According to a report by Deloitte, the average ‘cost per hire’ is $4,000! Though hiring costs vary by region and industry, various reports suggest that companies spend about 50-60% of the employee’s annual salary as hiring cost. Other costs such as those for maintaining a team of recruiters, fee paid to online platforms, cost of onboarding, cost of training, etc., also add up to the overall cost.
Hiring a wrong candidate can have severe non-financial impact on a company’s ability to deliver projects. In the long run, if such malpractices go undetected, companies run the risk of litigations and tarnishing their brand equity permanently.
How can a company protect itself from such malpractices? Manual checking is one way. However, when a company is conducting hundreds and thousands of interviews online, it is humanly impossible to detect these frauds.
Technology is the solution. Rite Hire, an AI-powered Interview Analysis Tool, can solve the problem of candidate malpractice very effectively and efficiently.
Powered by Artificial Intelligence and Machine Learning, Rite Hire’s Voice Impersonation Detection capability has a near 100% success rate. The product has been tested in over 35,000 interviews and it has been accurate 98.68% of the time!
Rite Hire’s product uses multiple Image Processing techniques, body language analyses and voice recognition technologies to achieve near-100% accuracy for companies.
To know how Rite Hire SAAS product can help you prevent candidate malpractice, please talk to us and we show you how it works.
