Interview Participation Payment Recruitment Model: Benefits for Employers

In the increasingly competitive job market, finding suitable candidates is not only a challenge but also an opportunity for employers to optimize their budgets and enhance recruitment quality. 

The "interview participation payment" recruitment model, where employers pay candidates for attending interviews instead of purchasing CV screening packages, has emerged as an effective solution.

Principles of the Recruitment Model

In this model, employers only pay candidates when they attend an interview, rather than paying a fixed amount to job boards to view candidates’ resumes and contact information.

1. Budget Savings: Employers no longer have to pay a large amount to view hundreds of uncertain resumes. They only pay for candidates who are genuinely interested and willing to attend an interview.
2. Enhanced Interaction: By paying only for candidates who attend interviews, this creates an incentive for candidates to participate, thereby increasing interaction and facilitating two-way communication.
3. Accurate Assessment: Paying only when candidates attend interviews allows employers to directly assess candidates’ skills and personalities, leading to more accurate hiring decisions.

Budget Benefits for Employers

Compared to purchasing resume screening packages from traditional job boards, the "interview participation payment" model offers several budget advantages for employers:

• Reduced Recruitment Costs: For example, if an employer pays 2 million VND for a resume screening package but only receives 10 resumes and has just 1 candidate attend an interview, the cost per candidate who actually attends is 2 million VND. In contrast, if the employer only pays 150.000 VND for each attending candidate, they can invite more candidates and only pay for those who actually participate. This significantly saves the budget.
• Optimized Recruitment Process: Instead of analyzing hundreds of resumes and spending time on unsuitable applications, employers can focus on candidates who have shown interest in the job position. This shortens the time and improves efficiency in the recruitment process.
• Increased Opportunities for Finding Suitable Candidates: With this model, employers can easily adjust recruitment criteria and invite more candidates for interviews, thereby increasing the chances of finding suitable candidates for the job opening.

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The "interview participation payment" recruitment model not only helps employers save budgets but also improves recruitment quality. By paying only for candidates who actually attend interviews, employers can optimize their recruitment process, leading to the development of a high-quality workforce that meets the needs of the business.