BY: Geri Stengel, Contributor When Annabelle Diamantino, co-founder and CEO of Video Recruit, was considering where to locate her company, a top priority was finding a city in which the cost of doing business and living was affordable. Another factor was access to a plentiful supply of high-quality, inexpensive talent. Video Recruit is targeting the global recruitment market which, according to Bersin & Associates, is a €220 billion global market. A typical company spends €2,700 to hire an employee. Pre-screening is the most time-intensive and least effective phase of the recruitment process. Sifting through resumes, scheduling interviews and spending time with unsuitable candidates can suck up a lot of time. Worse yet, you may not find a quality candidate. Video Recruit’s automated video interviewing platform reduces the time spent on interviewing and increases the likelihood of finding a quality candidate. While the U.S. is the largest single market for recruitment services, it is also the most competitive. Diamantino and her co-founder,Philip Staehelin, strategically decided to target Europe instead. Both Diamantino and Staehelin lived in the Czech Republic. It was also where they both had good connections, and was near their initial clients. They chose to base the company’s headquarters in Prague. Video Recruit […]
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