In this episode we speak with a long time supporter, Matt Baxter, Founder and CEO at Wedge an asynchronous video interviewing platform about what they are seeing in the market today. How clients are using Wedge and where video in recruitment is helping to maximize efficiency in the hiring process.

Asynchronous video interviewing (one-way interviewing), hiring process, candidate ghosting, applicant tracking systems, high-volume hiring, streamline hiring process, reduce bias, standardized interviews <- All things that we talk about in detail.


Takeaways

  • Asynchronous video interviewing eliminates the issue of candidate ghosting and makes the hiring process more efficient.
  • Wedge is a B2B software platform that offers one-way video interviews for high-volume hiring.
  • Wedge integrates with applicant tracking systems and can be used in various industries.
  • The use of asynchronous video interviews allows for better time management and more effective candidate screening.
  • In the future, Wedge aims to incorporate AI to provide more insights and recommendations for hiring decisions. Wedge is an asynchronous video interviewing platform that helps companies streamline their hiring process and reduce bias.
  • The platform allows recruiters to standardize interviews and collaborate with team members.
  • Real-time data on candidate interest is a valuable resource for recruiters.
  • Wedge has a mobile-first design and offers a user-friendly experience for both candidates and hiring teams.
  • The completion rate for Wedge interviews is around 48-49%, indicating that candidates who do not complete the interview may not be genuinely interested in the job.
  • The main challenge for Wedge is overcoming the resistance to change and educating potential customers on the value of video interviewing.


Chapters


02:34 Introduction to Wedge and its Purpose

03:21 Transition to the Evolution of Video Interviewing

06:01 Explanation of Asynchronous Video Interviewing

10:10 Benefits of Asynchronous Video Interviews in Reducing Candidate Ghosting

12:12 Use Cases and Integration with Applicant Tracking Systems

16:06 Future Plans for AI-Driven Insights and Recommendations

19:08 Standardization and Bias Reduction

20:59 Collaboration and Real-Time Data

23:01 AI and Data Analysis

25:30 User-Friendly Experience

29:31 Mobile-First Design

30:57 Advice for Candidates and Hiring Teams

34:39 The Power of Demonstrating the Product

41:21 Important Questions and Common Objections

43:43 Overcoming Resistance to Change


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[00:00:00] Number one, the majority of bias in general is one-on-one reviewing of information. Whether

[00:00:06] that's a resume, whether that's a phone screen, whether that's looking at a dinner menu, you

[00:00:10] are biased one person looking at one piece of information. The moment you introduce a

[00:00:15] second set of eyes onto a piece of information by nature, you have reduced bias in some degree,

[00:00:21] some degree not necessarily eliminated, but you have reduced it. One of the cool tools

[00:00:25] or the abilities of wedge is the ability to share and to your term, William, to collaborate

[00:00:30] with other people on the team. So William, let's say you're the CEO, Ryan, you're the

[00:00:34] CFO and I'm the HR manager. If I have a candidate come in and I do a phone screen that the

[00:00:39] bias or lack thereof is only as good as me on that phone screen taking notes to send

[00:00:44] to you. But with a wedge, you can literally send the same exact piece of information

[00:00:48] that all three of us are looking at.

[00:01:23] Boom. So Matt, do us a favor and introduce yourself. Introduce wedge.

[00:01:29] My name is Matt Baxter. I live in Michigan from Ann Arbor, live in Grand Rapids, Michigan.

[00:01:35] I own a company called Wedge. We get wedgy a lot. That's not what it is. It's wedge,

[00:01:40] wedge HR. We are specifically a B2B software platform. We play in the video interview

[00:01:44] space. When everybody hears video interview, they think Zoom, FaceTime, Riverside, Teams,

[00:01:50] any of those. We are one way video interviewing or on-demand video interviewing or what the

[00:01:56] word nobody can spell is asynchronous video interviewing. So we're a software platform

[00:02:00] that we sell into businesses that are doing some form of high volume hiring and some

[00:02:05] form of volume hiring, whether it's franchises, individual locations. We work with a wide

[00:02:09] range. But yeah, end of the day, we're a video interview platform designed to help

[00:02:14] make the whole hiring process more efficient.

[00:02:16] You know what I loved about that is not only the asynchronous part, but you didn't mention Skype.

[00:02:24] I don't even think it was alive when Skype was a thing.

[00:02:26] No, no, no, no, no, no, no. There was a period early. There was a period where Skype would

[00:02:31] have been on that list.

[00:02:32] So for perspective in a month from today, I turned 30 and Skype, Skype was the platform

[00:02:39] that in middle school, when he wanted to have a little video session with your

[00:02:43] girlfriend, that's what you use. That was a middle school tool and then it faced out.

[00:02:48] Yep. And I always got a lot of anxiety when that came on because, you know, it was always

[00:02:53] loud enough that everybody in the home could hear it. So when you was going in trouble,

[00:02:56] it's perfect.

[00:02:57] What is that sound?

[00:02:58] Nothing, nothing, nothing.

[00:03:01] We used to take the corded phone and just go walk around in the closet and shut

[00:03:06] the closet to talk. He's talking about Skype, middle school.

[00:03:10] Oh, man.

[00:03:11] So yeah, it's a funny story.

[00:03:13] Yesterday we have our weekly trivia night because that's what we do in my lovely

[00:03:18] old age. We do trivia nights on Wednesday and the woman sitting next to me,

[00:03:24] there was a question that came about 1995 or something like that.

[00:03:28] And she was like, oh, I was five years old when that movie came out.

[00:03:30] I'm like, hmm, I was graduated and started college that year.

[00:03:36] Yeah.

[00:03:38] And I was just like, wow, that's bad.

[00:03:41] I don't know what was worse at that. Yeah, that was bad.

[00:03:44] There was a period where I think for me it's since high school graduation.

[00:03:49] When I graduated high schools, when I started interacting with men and women,

[00:03:54] don't really make a difference. And they would say their birthday and it was

[00:03:58] after I graduated high school. That's the moment I'm like, oh, we're not

[00:04:02] going to be able to relate on some things.

[00:04:04] Yeah.

[00:04:05] My movie references are not your movie references.

[00:04:08] Top culture is different. Everything.

[00:04:10] Top culture is different. Yeah.

[00:04:11] I stared at yesterday or two days ago, I was grabbing a drink with an investor

[00:04:15] and I looked at one of the signs that says before this age, you can't,

[00:04:20] you know, you have ID. And in 2003, now if you're born in 2003,

[00:04:24] you can legally drink, right?

[00:04:26] Right.

[00:04:27] And I looked at that and I'm like, okay, my age is coming.

[00:04:29] I got my first gray hair. It's here. I'm starting to age out. It sucks.

[00:04:35] Oh, man.

[00:04:37] So when you say asynchronous just for the audience to make sure that they

[00:04:41] understand one way a hiring manager gets on and says this is what the

[00:04:45] job's all about. You'll be working with this team, et cetera.

[00:04:50] That's a one way. And then the respondent, a candidate can respond

[00:04:55] to that one way, right?

[00:04:57] That's exactly right. So with our tool, a company sets up a series of

[00:05:01] questions typically three to five. You can do an intro video, three to

[00:05:05] five questions and then an outro video. So the candidate is being

[00:05:09] presented whether they're invited through their ATS or through Indeed

[00:05:13] or whatever it is you're invited to do this. You did on your phone

[00:05:16] or your desktop question pops or intro pops up. Hey, my name is Matt.

[00:05:20] Welcome to wedge super excited to have you as a candidate.

[00:05:22] Yada, yada, yada. And then the next question pops up. You answer

[00:05:25] usually it's tell me about yourself or whatever, whatever it may be.

[00:05:28] You can do retakes, no retakes. It's up to the company whether you

[00:05:31] want to allow that and the videos end up being

[00:05:34] Oh, probably four to five minutes, usually a minute and a half to two

[00:05:38] minutes per question. So if it's three to five questions, you're

[00:05:40] writing that five to six minutes range.

[00:05:43] We've had over 300,000 candidates go to the tool now, which is

[00:05:47] a sweet milestone over a million and a half minutes of recording.

[00:05:50] So there's been some decent.

[00:05:53] It's been pretty cool. Yeah, so it's been cool and fun to see that

[00:05:56] at some scale. And the questions themselves on the recruiting

[00:06:01] hiring side, are they the one that script those questions? Do you

[00:06:05] have like a library that they can go through?

[00:06:08] Because you know, again, everyone hates kind of a blank piece of paper

[00:06:12] or kind of a starting fresh or starting new.

[00:06:16] So I'm just wondering how that what that process is like.

[00:06:19] Yeah, so we pre populated man about 150 questions all designed

[00:06:25] around behavioral based interviewing. So emotional intelligence,

[00:06:28] open-ended tech questions, you know, tell me about your last boss

[00:06:31] and what worked and what didn't work things like that where it's open-ended.

[00:06:34] But then companies themselves can customize their own questions.

[00:06:37] I would say we're probably 80 to 90% of our clients customize their

[00:06:42] own, which is great, but we wanted to provide some for them in

[00:06:45] case they needed some ideas or they can use them, you know,

[00:06:48] themselves. So we have both for sure.

[00:06:51] Tell us about the user of Wedge. What's that company look like?

[00:06:54] What's their what's their demo? How many people they hiring?

[00:06:58] Yeah, it's you know, it's interesting. We're relatively

[00:07:01] industry agnostic. We just aren't helping companies with

[00:07:04] like a CFO or a CEO or an executive role.

[00:07:07] Right. It would be we would be defined in the high volume use case.

[00:07:11] We have, you know, a rather large crypto organization that

[00:07:15] uses us to hire customer success reps in Bulgaria to make

[00:07:19] sure they can speak English. We have some fast food,

[00:07:22] quick service restaurant chains. They use us literally to

[00:07:25] replace the whole full interview. It's just if they do this

[00:07:28] moving to the next step. We have quite a few YMCA gyms in

[00:07:32] the fitness world that would use us from lifeguards to

[00:07:35] you know, staff staff managers as well as fitness trainers.

[00:07:39] So it we cover a wide range. We in the in the broader

[00:07:43] video interviewing category, we'd probably be in the SMB to

[00:07:46] meet a mid market. We certainly do have some enterprise

[00:07:49] clients, but I would say for the most part we fall into the

[00:07:52] the SMB mid market category. And again, it's pretty

[00:07:55] industry agnostic. We've had a wide range of different use

[00:07:58] cases, which has been awesome to see just kind of avoiding

[00:08:01] that that executive type role.

[00:08:03] Where in workflow? I'll go ahead, right?

[00:08:05] What I've always liked about Wedge and others that are

[00:08:09] that are out there is a simplicity.

[00:08:11] Of this model, right? So I was going to ask because I've

[00:08:15] always been curious why asynchronous over, you know, live

[00:08:19] interviewing, you know, different game, right? It's a

[00:08:21] whole different thing. What I've always liked about is a

[00:08:24] simplicity of this. You log in, do it on your own time,

[00:08:27] record, send, go to the next step.

[00:08:31] That's what I've always found that to be to be something

[00:08:35] that I really liked about what you guys are doing.

[00:08:38] So kudos to you.

[00:08:39] Yeah, thank you. And what's interesting and you guys,

[00:08:42] the experts in this space and be curious if you're seeing

[00:08:44] this too majority of people were talking to one of their

[00:08:48] greatest issues right now is candidate ghosting for people

[00:08:51] who don't know the industry term. Somebody applies for a

[00:08:53] job and they don't show up for the interview or they

[00:08:55] apply for the job and they don't show up for the zoom.

[00:08:57] So one of the benefits to asynchronous is they are

[00:09:00] completing this on their own time.

[00:09:02] So you've removed the issue of ghosting altogether.

[00:09:05] If they don't do it, they don't do it. If they do it,

[00:09:06] they did it and we have been able to in most use cases

[00:09:09] reduce candidate ghosting by 80 to 90% because it shows

[00:09:13] that a candidate has done one simple step and they're much

[00:09:16] more likely to show up to that in person interview or

[00:09:18] that zoom call. I'm not trying to get rid of zoom.

[00:09:21] I'm not trying to get rid of, you know, live interviews,

[00:09:23] but what we're trying to do is make the time that

[00:09:26] you're spending synchronously or live with that person

[00:09:29] much more effective and much more likely to happen.

[00:09:31] And that's where the benefit of a tool like asynchronous comes up.

[00:09:34] We're in a workflow, are we? What's it connected to inside

[00:09:39] of kind of a tech stack if you will?

[00:09:43] Yeah, so we're connected and partnered with quite a few

[00:09:47] of the different applicant tracking systems out there.

[00:09:49] We love our partners with applicant pro, jazz HR,

[00:09:51] lever, greenhouse and more.

[00:09:53] So we basically can integrate with any solution out there.

[00:09:57] I would say probably 80% of our customers are using some form

[00:10:01] of our HRS or an ATS. We also have some direct users

[00:10:05] who don't want it plugged in for whatever reason or they just

[00:10:08] may not have an ATS altogether. So we certainly see both.

[00:10:11] We have found that the use case is usually better with an ATS

[00:10:15] just because it's less of a headache, you know,

[00:10:17] for the HR manager bopping around different tools.

[00:10:19] It can all live in one system and we like that.

[00:10:21] We like partnering versus trying to be the end all platform.

[00:10:24] We'd rather partner it out quite a bit.

[00:10:26] And then typically in the workflow, it would be in one of two

[00:10:30] different use cases for the most part.

[00:10:33] Either it's right apart of the application.

[00:10:35] So we have some McDonald's who literally have a QR code scan

[00:10:39] it answer first name, last name, email three questions

[00:10:42] by video through wedge and then that goes right to their

[00:10:45] store manager and they say, yep, hire them,

[00:10:47] yep bring them in for the next interview or no chance.

[00:10:49] That's probably a third of our use case.

[00:10:52] The other, you know, three quarters would fall into

[00:10:55] or two thirds would fall into a phone screen replacement.

[00:10:59] So candidate applied, reviewed their resume or looked at

[00:11:02] their application say, yep, what's the next step?

[00:11:05] Typically that would be scheduling a phone screen.

[00:11:07] Instead they would invite a candidate to a wedge and then

[00:11:10] move them on to the next step.

[00:11:11] So usually replacing that preliminary interview or that

[00:11:14] sort of first phone screen.

[00:11:16] Usually those are the two use cases that we see some

[00:11:18] exceptions for that covers the vast majority.

[00:11:21] Do you find that most clients are offering wedge prior to

[00:11:26] a human reaching out to somebody or even reviewing their

[00:11:30] application they just submit the application,

[00:11:34] they immediately get a link or they immediately get pushed

[00:11:36] over in the wedge.

[00:11:37] Kind of like I'm thinking like an appointment center

[00:11:40] like if you fill out something for whatever

[00:11:44] SaaS based software that's out there,

[00:11:46] someone calls you think you're getting a consultation

[00:11:49] or you think you're going through some questions and

[00:11:52] they're just like, oh no, no, I'm just qualifying you to get

[00:11:55] you to the appointment.

[00:11:56] I never go to the next step after that.

[00:11:58] I'm so pissed off that that has happened.

[00:12:00] I just don't know what I'm wondering like where are most

[00:12:03] of your clients saying you applied that's good enough,

[00:12:06] go do this and this is going to qualify you to even

[00:12:09] get to it.

[00:12:11] So I'll give an example of our own hiring right now.

[00:12:14] So we're hiring a customer success manager and I think

[00:12:16] I looked yesterday, we had like 115 candidates,

[00:12:19] candidates apply probably 70 right around 70 actually did

[00:12:23] the wedge.

[00:12:24] So we didn't interact with them other than the invitation to

[00:12:27] complete a wedge until they did it.

[00:12:29] We reviewed it and then out of those called 70 videos,

[00:12:32] we picked the 10 we wanted to interview.

[00:12:34] So you think about the value at obviously I'm biased

[00:12:37] because it's my own product, but like the value at is

[00:12:40] we went from 111 that we would have worked on

[00:12:43] scheduling 111 interviews, right?

[00:12:46] Instead of doing that we had them do wedges.

[00:12:48] So we eliminated the 40 that just didn't do it at all.

[00:12:50] So that's time safe.

[00:12:52] Then out of 70 they all did it.

[00:12:54] We had a chance to watch rather than a 30 minute or an

[00:12:56] hour long interview were probably half of them weren't

[00:12:58] going to show up.

[00:12:59] They completed this and then now we got to pick

[00:13:01] the 10 that we want to dive deeper with and

[00:13:03] spend more time with.

[00:13:04] We were able to because of some things somebody said

[00:13:06] or a response to something or locate whatever it may be,

[00:13:09] we were able to whittle that what would have been

[00:13:12] 70 phone screens down to 10 that are all really high quality,

[00:13:16] you know, phone screen or high quality interviews,

[00:13:19] interviews right and that allows us to, you know,

[00:13:22] really spend time more effectively.

[00:13:24] So long way of answering it's typically the last touch point

[00:13:30] before a human interaction.

[00:13:32] The exception would be sometimes we would go hand in hand

[00:13:36] or right before right after an assessment.

[00:13:39] So depending upon the needs of the position,

[00:13:41] you might ask a candidate to complete an assessment.

[00:13:44] If they pass that then invite them to do a wedge or if you

[00:13:47] like the wedge, you invite them to do an assessment and

[00:13:49] then an interview.

[00:13:50] Sometimes that happens.

[00:13:51] We're not competing with assessments at all.

[00:13:52] It's just where in the workflow we would partner with them.

[00:13:55] Now or in the future our customers going to want

[00:13:58] you to stack rank those with AI and other tools

[00:14:04] to be able to say, yeah it's great that we got it

[00:14:07] down to those 40 but you used the word whittle.

[00:14:10] But that's still human being still doing the whittling.

[00:14:14] In my head, I don't know how technology would work.

[00:14:17] Right in my head, in my head it'd be nice to then give

[00:14:20] the three candidates I should really, really spend time with.

[00:14:24] Yeah so there are some, I won't name names,

[00:14:27] there are some other players in our industry,

[00:14:29] specifically in our category who have doubled down

[00:14:32] on the whole concept of predictive hiring based upon a

[00:14:35] video and that's open the door for some scrutiny,

[00:14:38] understandably.

[00:14:39] Great technology, brilliant minds building it together

[00:14:42] but open some scrutiny so what I've wanted to be cautious of

[00:14:45] is not telling the company hire these people

[00:14:47] but what I want to do is like first step so as I mentioned

[00:14:50] we have 300,000 videos, a million and a half minutes

[00:14:52] of reporting.

[00:14:53] I want to start to run large language model reports

[00:14:55] paired against job descriptions, reports paired

[00:14:58] against hired not hired data and come back

[00:15:00] and say hey company XYZ you had 13 candidates

[00:15:04] and the ones that said um you hired them,

[00:15:07] the ones that said um 12 times versus the 13th time

[00:15:10] you did hire them or not.

[00:15:11] Things like that where it's hey here's more

[00:15:13] that you would not have necessarily known about

[00:15:15] or here's just more information about the candidate

[00:15:18] not telling you to hire them but here's a lot more

[00:15:20] that you should dive into.

[00:15:22] That's sort of the first step and then obviously

[00:15:24] we want to start to get into based upon trends

[00:15:27] of what you've hired here's the next likely

[00:15:29] candidate to fit that role.

[00:15:30] That's where we want, we certainly want to get there

[00:15:32] but I want to be very cautious of you know everybody

[00:15:34] and their sister talks about AI.

[00:15:36] I want to be very, very cautious about I don't

[00:15:38] want to come and say this is the person you need

[00:15:40] to hire I want to come and say here's more

[00:15:42] information that you probably might have missed

[00:15:44] at a quick glance to make help you make better

[00:15:46] decisions and I think we're from a technology

[00:15:48] standpoint we're very close to that um

[00:15:51] and that's kind of our next phase of evolution

[00:15:54] if you will.

[00:15:55] And that will then allow you to go back

[00:15:58] into like as you said previously

[00:16:01] interview people who previously

[00:16:03] completed the wedge right and say hey

[00:16:06] you're posting for this job today but you

[00:16:09] have these seven people that went through

[00:16:11] maybe for a different position but based

[00:16:14] on what we're seeing they potentially

[00:16:16] potentially meet the qualifications do you

[00:16:18] want to see them?

[00:16:19] For sure and that and one of the things

[00:16:21] that I'm um and you're two brilliant minds

[00:16:25] uh maybe we have a separate discussion about

[00:16:28] this but one of the things I'm thinking

[00:16:29] about is like think about the value of

[00:16:31] retargeting candidates that applied but

[00:16:33] didn't get the job right so like I have

[00:16:35] silver medalist?

[00:16:37] For sure I have 70 candidates that

[00:16:39] applied for our position we're going to

[00:16:41] hire one so 69 candidates didn't get the

[00:16:44] job what do we do with them that are and

[00:16:46] they're rock star candidates there right

[00:16:48] there are tons of great talent to people

[00:16:50] that and there's also and this is

[00:16:52] something that like I don't think

[00:16:53] people quite fully understand the

[00:16:55] value of the data there's nothing more

[00:16:57] signaling than a candidate that is

[00:16:59] motivated to do a video interview that

[00:17:01] is in the job market right now some of

[00:17:03] the holy grail is finding people who are

[00:17:05] actively looking for a job well you don't

[00:17:07] always know that because you don't want to

[00:17:09] publicize it you may be working in

[00:17:11] another position whatever it may be we

[00:17:13] now have real-time data of who's

[00:17:15] applying for a job showing that they

[00:17:17] are interested in applying for another

[00:17:19] role or looking at something else that

[00:17:21] is where there's a goldmine and we

[00:17:23] haven't bluntly we haven't quite

[00:17:25] done that yet but there's so much value

[00:17:27] sitting you sitting right there one of

[00:17:29] things that for folks that are listening

[00:17:31] to asynchronous is you can

[00:17:34] standardize interviews so what you ask

[00:17:37] one candidate you can now ask all the

[00:17:39] candidates the exact same thing which

[00:17:41] again I'm careful to say eliminates

[00:17:44] bias I think it helps reduce bias

[00:17:48] right and I've done a bunch of recent

[00:17:51] podcasts on neurodiversity or just

[00:17:53] neurodiversity just go on there

[00:17:55] things like that so now it's like okay

[00:17:57] standardization is great up until the

[00:18:00] point where you have talent it doesn't

[00:18:02] work for and you're actually ruling

[00:18:04] people out because it is standard it's

[00:18:07] not the way that they can consume data

[00:18:09] etc whatever play for you get

[00:18:12] questions all the time about bias

[00:18:14] about video interviewing bias right so

[00:18:17] what's your what's your latest take

[00:18:19] or what's your what's your take right

[00:18:21] on when people ask you prospects I

[00:18:24] know you get asked this question every

[00:18:26] day what's your bit yeah and I got I

[00:18:29] gotta give you know credit to you

[00:18:31] William because obviously through the

[00:18:33] years you certainly helped with this

[00:18:35] quite a bit so number one that the

[00:18:37] majority of bias in general is one

[00:18:39] on one reviewing of information

[00:18:41] whether that's a resume whether that's

[00:18:43] a phone screen whether that's looking

[00:18:45] at a dinner menu you are biased one

[00:18:47] person looking at one piece of

[00:18:49] information and the moment you

[00:18:51] introduce a second set of eyes on to

[00:18:54] a piece of information by nature you

[00:18:56] have reduced bias in some some degree

[00:18:58] not necessarily limited but you have

[00:19:00] reduced it one of the cool tools or

[00:19:02] the abilities of wedge is the ability

[00:19:04] to share and to your term William to

[00:19:06] collaborate with other people on the

[00:19:08] team so William let's say you're the

[00:19:10] CEO Ryan you're the CFO and I'm the

[00:19:12] HR manager if I have a candidate

[00:19:14] come in and I do a phone screen

[00:19:16] that the the bias or lack there

[00:19:18] is a candidate phone screen taking

[00:19:20] notes to send to you with a wedge

[00:19:22] you can literally send the same exact

[00:19:24] piece of information that all three of

[00:19:26] us are looking at the benefit from a

[00:19:29] bias mitigation or reduction is that

[00:19:32] maybe people don't have time as

[00:19:34] companies to phone screen every single

[00:19:36] candidate with three or four people

[00:19:38] or five people on it or interview that

[00:19:40] with a wedge you can take and share

[00:19:42] it and make for really nice

[00:19:44] collaboration very very simply and

[00:19:46] you're not going to hire this candidate based

[00:19:48] upon this response or whatever that

[00:19:50] looks like and you're instantly able

[00:19:52] to reduce bias in some regards quite a

[00:19:54] bit and that's something that we

[00:19:56] encourage companies is the

[00:19:58] collaboration component is certainly

[00:20:00] a huge asset in this conversation

[00:20:02] versus a hindrance do they get to

[00:20:04] put their notes or do they get

[00:20:06] the great people out and put their

[00:20:08] notes so collaboratively

[00:20:10] okay again in this scenario we're

[00:20:12] three different positions in that

[00:20:14] way and we're going to have a

[00:20:16] conversation about zero stars or

[00:20:18] whatever the grading system is

[00:20:20] and here are my notes why and then

[00:20:22] Ryan looks at it goes yeah it's

[00:20:24] actually four stars here

[00:20:26] my reasons why and if you

[00:20:28] read the read look at that go

[00:20:30] yeah zero stars and here are

[00:20:32] my reasons a lot so like now

[00:20:34] we can have a conversation about

[00:20:36] not necessarily the rating part

[00:20:38] but just understand like everybody's

[00:20:40] notes is that am I getting

[00:20:42] this case but a lot of people that

[00:20:44] we work with higher customer

[00:20:46] success roles so for our given position

[00:20:48] three people on my team

[00:20:50] myself Rob and Kelly we all

[00:20:52] went through and watched all the videos and we rated

[00:20:54] our instances and then out

[00:20:56] of that it aggregated the top

[00:20:58] 10 and Rob scheduled follow-up 10

[00:21:00] interviews with those with those candidates

[00:21:02] and so we were able to add notes you're able

[00:21:04] to add stars and some people are more

[00:21:06] detailed than not obviously there's a little bit

[00:21:08] of that and you want to make sure you're

[00:21:10] able to allow for ratings to live

[00:21:12] in the ATS as well too we know some

[00:21:14] people want it all there but also if you're using

[00:21:16] wedge to stand alone you can do it all

[00:21:18] right in there so yes very long-winded

[00:21:20] way of saying yes you can

[00:21:22] and my mind I know you're not doing

[00:21:24] this now and you may not even love

[00:21:26] it but my mind goes

[00:21:28] well this is a fantastic place for AI

[00:21:30] this is where you

[00:21:32] could take your notes my notes

[00:21:34] Williams notes and tell us

[00:21:36] where the differences are or

[00:21:38] where the similarities are and where we feel

[00:21:40] they would be good fits on that

[00:21:42] fair fair for sure absolutely

[00:21:44] yeah but that could

[00:21:46] be me trying to take the easy way

[00:21:48] out there no I think it's

[00:21:50] no because AI

[00:21:52] and it's in one of its purest forms or one

[00:21:54] of the benefits it connects dots that we

[00:21:56] can't see right

[00:21:58] right right right so

[00:22:00] I think in that way even if you did it

[00:22:02] metadata wise right and

[00:22:04] you looked at all of those notes

[00:22:06] and you looked at like all those things

[00:22:08] to didn't see what's the discrepancy

[00:22:10] between one and the other

[00:22:12] I think that would be fantastic again

[00:22:14] getting back to your large language model

[00:22:16] and building it off of your own text on me

[00:22:18] the other thing too is

[00:22:20] there is also a bit of

[00:22:22] a fact check around

[00:22:24] are the notes that I'm taking

[00:22:26] supportive of the job description

[00:22:28] or not supportive of the job description

[00:22:30] so like I could have called a candidate

[00:22:32] out for certain piece and the job

[00:22:34] and running a language model

[00:22:36] could come back and say well you just

[00:22:38] critique this candidate on something that's not

[00:22:40] relevant to the job description

[00:22:42] that's not a good reason to eliminate them right

[00:22:44] and so again you got to be careful of how far

[00:22:46] down that rabbit hole you go but there's

[00:22:48] a lot there too which we're

[00:22:50] actually exploring. How does one interact

[00:22:52] with job descriptions

[00:22:54] like and why I'm asking that question

[00:22:56] is there

[00:22:58] if they would you say 80

[00:23:00] something percent create their own

[00:23:02] custom questions is that

[00:23:04] based not even maybe not now but

[00:23:06] in the future is that based on

[00:23:08] what the job description is

[00:23:10] you know so

[00:23:12] they're not asking questions and we're not standardizing

[00:23:14] questions for the candidates

[00:23:16] that are really

[00:23:18] not great questions as it relates to

[00:23:20] the job description

[00:23:22] you know right now we

[00:23:24] don't do a ton of

[00:23:26] that partly because

[00:23:28] you know

[00:23:30] some companies would say

[00:23:32] we just want to make sure the candidate

[00:23:34] does the video we don't necessarily

[00:23:36] care that much about what they said and I'm not

[00:23:38] saying that's a good use case but

[00:23:40] that's where like

[00:23:42] we have a virtual assistant

[00:23:44] a company that hires a lot of virtual

[00:23:46] assistants to use us and

[00:23:48] their one question is tell us a joke

[00:23:50] not even a question just a statement tell us a joke

[00:23:52] and that's their interview and mainly

[00:23:54] because as a virtual assistant

[00:23:56] you have to have the ability to

[00:23:58] be able to be you know charming

[00:24:00] be able to be communicative

[00:24:02] be able to engage with anybody

[00:24:04] and that's just seeing how they respond

[00:24:06] to being on the spot like that

[00:24:08] is something that they have found is a very very beneficial tool

[00:24:10] to successful candidates

[00:24:12] so

[00:24:14] that doesn't necessarily indicate anything on the job description

[00:24:16] if you will but it's very effective for them

[00:24:18] and that's not recommending

[00:24:20] that but that's just why we probably

[00:24:22] we've shied away a little bit from that

[00:24:24] where do you find most of your customers

[00:24:26] love you the most

[00:24:28] from

[00:24:30] what benefiting tool or what industry

[00:24:32] or like

[00:24:34] how do you say about wedge in general

[00:24:36] what your average client

[00:24:38] what customer

[00:24:40] when they look at wedge

[00:24:42] what did they say this is why

[00:24:44] we are using wedge

[00:24:46] I believe two things

[00:24:48] and then I want to give a really cool example

[00:24:50] so I think we have the

[00:24:52] easiest to use platform in the market

[00:24:54] if you guys say let's get going

[00:24:56] you can start today

[00:24:58] and that's not a fake that's real

[00:25:00] we have clients who get started the day of

[00:25:02] I don't think there's a lot of technology out there

[00:25:04] like that especially in our space

[00:25:06] we have the best candidate

[00:25:08] experience on the market

[00:25:10] so that is a friendly user experience

[00:25:12] for the candidate I think so many HR

[00:25:14] tech companies

[00:25:16] and VC dollars go towards making a beneficial

[00:25:18] tool for the business

[00:25:20] but they forget about the candidate at the

[00:25:22] whole point of why we're in this industry

[00:25:24] is the people business and so

[00:25:26] I believe we have built

[00:25:28] the greatest candidate experience platform

[00:25:30] for video interviewing

[00:25:32] one of the coolest examples

[00:25:34] was I got asked to speak

[00:25:36] at one of the YMCA

[00:25:38] CHRO conferences

[00:25:40] and one of our clients who's a YMCA

[00:25:42] she said hey would you mind if I talk for a few minutes on your behalf

[00:25:44] I said please

[00:25:46] have that all the time that you want

[00:25:48] I got way too many good bits

[00:25:50] so one of the things that she shared

[00:25:52] was

[00:25:54] like most HR teams they're underwhelmed

[00:25:56] and understaffed

[00:25:58] and it took them 7-10 days

[00:26:00] to get back to candidates that applied

[00:26:02] for a job and to schedule the next step

[00:26:04] just because they had too many candidates

[00:26:06] not enough time

[00:26:08] well if that candidate is applying for a lifeguard position

[00:26:10] they've probably applied to 10 other roles and they've already moved on

[00:26:12] wedge allowed them

[00:26:14] an immediate touch point to get the candidate

[00:26:16] engaged in the process

[00:26:18] and if the candidate feel like they're being

[00:26:20] valued in this whole step of the way

[00:26:22] even given the

[00:26:24] under-resourced organization of the HR side of things

[00:26:26] and that has been a use case that I think

[00:26:28] has drastically helped

[00:26:30] a lot of organizations

[00:26:32] and again the other piece too

[00:26:34] and this is the most relevant I think in today's day

[00:26:36] and age this wasn't always true

[00:26:38] but candidate ghosting is at an all time high

[00:26:40] and that's not going to change

[00:26:42] and as long as we have

[00:26:44] things like instant apply

[00:26:46] we're going to run into scenarios where

[00:26:48] people are just not interested in any of the roles they applied for

[00:26:50] and wedge allows you to

[00:26:52] vet out those people very very quickly

[00:26:54] and effectively

[00:26:56] all around I gave you probably more than

[00:26:58] just two points that I gave you four points

[00:27:00] but I think those are areas that our candidates love us

[00:27:02] and why we've been able to weather

[00:27:04] the storms of HR tech which is not always that easy

[00:27:06] it's okay

[00:27:08] earlier you did three fourths to two thirds

[00:27:10] it was seamless

[00:27:12] no one noticed

[00:27:14] I'm not, yeah yeah yeah

[00:27:16] I circled back

[00:27:18] it was very nice

[00:27:20] you're like one third

[00:27:22] and then three fourths

[00:27:24] and then three eighths

[00:27:26] and we got there okay guys

[00:27:28] 8000

[00:27:30] of our clients out of our roster

[00:27:32] of 40 clients is fantastic

[00:27:34] of the 300 clients

[00:27:36] that I have 12,000

[00:27:38] of them vote yes to wedge

[00:27:40] take us through two things

[00:27:42] one is mobile first

[00:27:44] mobile responsive

[00:27:46] and the other is advice

[00:27:48] that you give both candidates

[00:27:50] and the people reviewing these photos

[00:27:52] videos in terms of making just a great

[00:27:54] video yeah yeah

[00:27:56] so wedge any browser

[00:27:58] any device we don't require

[00:28:00] a mobile app candidates hate downloading a mobile

[00:28:02] app turns out we have

[00:28:04] we have taken the stance

[00:28:06] of we just want to be an internet browser

[00:28:08] first platform with as long as you have an internet browser

[00:28:10] and a camera you can record a wedge

[00:28:12] any browser any device

[00:28:14] and that's

[00:28:16] incredibly important to us I would say probably

[00:28:18] 70% of candidates complete

[00:28:20] the wedge on mobile probably 30%

[00:28:22] on desktop there's not really

[00:28:24] a whole lot of data that suggests why

[00:28:26] there's no roles that are more likely than the other

[00:28:28] it just kind of goes a little bit like

[00:28:30] who really cares right they're getting it done

[00:28:32] right and then the

[00:28:34] oh the advice to candidates and companies

[00:28:36] I think number one

[00:28:38] company go through the experience

[00:28:40] so we have some companies that might ask

[00:28:42] 30 questions a part of the interview

[00:28:44] and they've never gone through it themselves and you go through that

[00:28:46] you're like oh maybe we don't need that

[00:28:48] many right so I think for

[00:28:50] company simply like and this is not just video

[00:28:52] interviewing this is apply for

[00:28:54] a job you're posting so you get to experience

[00:28:56] what you're putting people through and

[00:28:58] asking them to go through yeah if you

[00:29:00] can't do that then you should be posting the job

[00:29:02] to begin with so that's that's why candidate

[00:29:04] side I think video

[00:29:06] today is still nerve wrecking you're still looking

[00:29:08] at yourself nobody loves the way they look

[00:29:10] blah blah blah blah number

[00:29:12] one take a deep breath and

[00:29:14] I and we always encourage retakes

[00:29:16] takes whether you get retakes or no retakes

[00:29:18] I think take a deep breath and speak

[00:29:20] very very

[00:29:22] emphasize more simply than sophisticated

[00:29:24] and same thing with public speaking

[00:29:26] right the simpler you can be

[00:29:28] and just kind of more rawness of who you

[00:29:30] are as a person number one

[00:29:32] if you're authentic and the person chooses

[00:29:34] not to hire you that's a good thing because

[00:29:36] they didn't want the real you and if you're authentic and they

[00:29:38] chose to hire you they're hiring

[00:29:40] you for who you actually are and that's going to make a much better

[00:29:42] connection for employment for

[00:29:44] for deeper relationships and so

[00:29:46] you know then there's simple tricks like have

[00:29:48] good lighting you know make sure there's

[00:29:50] not kids screaming in the background there's there's plenty

[00:29:52] of things like that it's one of the reasons

[00:29:54] we allow

[00:29:56] practice questions just so

[00:29:58] you can actually hear what you sound like and you know what

[00:30:00] it looks like is you know on zoom you don't always

[00:30:02] know what the background looks like you don't always know you got

[00:30:04] hair messed up or whatever it is so we certainly

[00:30:06] incurred that whether it's

[00:30:08] mobile or not you know that doesn't

[00:30:10] matter as much it works great both ways so

[00:30:12] well

[00:30:14] you know in so

[00:30:16] Matt when you introduced

[00:30:18] wedge and you told

[00:30:20] us what wedge does

[00:30:22] you said that

[00:30:24] in a very simple matter of fact

[00:30:26] way which is kind of like

[00:30:28] the advice you're giving here but

[00:30:30] we speak to a lot of founders

[00:30:32] of companies and they have a hell of a time

[00:30:34] explaining

[00:30:36] what they do right and they try to make

[00:30:38] it sound exotic and amazing

[00:30:40] and you're just like yeah we just we

[00:30:42] interview flip your phone interview we're

[00:30:44] done next next

[00:30:46] and that's it so so yeah so

[00:30:48] I agree with what you're saying there and I think

[00:30:50] it's really it's an easy thing

[00:30:52] to understand what you guys are what you guys

[00:30:54] are doing where

[00:30:56] when I'm going to steal your

[00:30:58] question here

[00:31:00] because you just are so

[00:31:02] amazing that it's rubbing off on me

[00:31:04] so

[00:31:06] hey Pinocchio keep it in your

[00:31:08] pants

[00:31:10] where are we

[00:31:12] where as I go oh so the

[00:31:14] okay so you're giving a demo right and

[00:31:16] so William always asked this question

[00:31:18] and I love it so

[00:31:20] where in the demo

[00:31:22] how far along in a demo or what part

[00:31:24] of the demo do you get to

[00:31:26] when you know if you get to this point

[00:31:28] the

[00:31:30] prospect on the other end of the line is like

[00:31:32] yeah I get it

[00:31:34] and you know that you've got them hooked

[00:31:36] so

[00:31:38] I it is taken so

[00:31:40] I want to touch

[00:31:42] point on the easy or the simplicity

[00:31:44] of me explaining and then

[00:31:46] segue into this because I think it's it goes hand in hand

[00:31:48] I'm pretty sure the speaker John Maxwell

[00:31:50] somebody was like

[00:31:52] how are you so good at public speaking he's like well I've done it 12,000

[00:31:54] times so like by nature you know you get pretty good at it

[00:31:56] so for me I have been at this quite a while

[00:31:58] and I've repeated the same bit over and over

[00:32:00] and over and over and over and over and over and over

[00:32:02] and over and over again and you get to a point where you're like number one I feel

[00:32:04] super confident number two I've eliminated

[00:32:06] like I'm not that smart I'm pretty dumb actually

[00:32:08] but I've been able to articulate it

[00:32:10] with the understanding that the person listening to me

[00:32:12] doesn't know what we do

[00:32:14] and they don't really care and my job

[00:32:16] is to make it compelling enough that they want to

[00:32:18] ask one more question if I

[00:32:20] get somebody asking a question I've got them

[00:32:22] I've got them I've got them that's where

[00:32:24] I'm good and then it's once it gets

[00:32:26] sophisticated I pass it over to our CTO

[00:32:28] or smarter people on our team

[00:32:30] so in the demo realm

[00:32:32] one thing I totally

[00:32:34] flipped the script on is

[00:32:36] the very first thing I do

[00:32:38] is I show them a wedge I show them a completed

[00:32:40] wedge a candidate who has gone

[00:32:42] through the product and in the first

[00:32:44] 10 seconds they're like I get this now

[00:32:46] because for a while again

[00:32:48] pitching this product to either

[00:32:50] either maybe

[00:32:52] unsophisticated tech buyers or people who

[00:32:54] don't know what asynchronous video interviewing is

[00:32:56] it would take me 30 minutes and they still wouldn't get it

[00:32:58] and so now I've shown them this

[00:33:00] is exactly what it is this is the end

[00:33:02] result of you using our

[00:33:04] service now let me show you how we

[00:33:06] get there and that to me has

[00:33:08] helped our our close rate

[00:33:10] it's helped just

[00:33:12] remove a lot of BS in the whole demoing

[00:33:14] process and quite frankly a lot of

[00:33:16] confusion in discussions with

[00:33:18] folks and so

[00:33:20] usually you know in some point of the process

[00:33:22] when somebody says I like this about

[00:33:24] the product I like that it's simple I like that I can customize

[00:33:26] questions I like that we can custom brand I

[00:33:28] like that it integrates other ATS if

[00:33:30] I get any of those done over with

[00:33:32] sign are the rightness to check

[00:33:34] that that's how we

[00:33:36] that's how we win and

[00:33:38] again we have gotten like I was

[00:33:40] batting probably 20% two years

[00:33:42] ago we now probably bat 90%

[00:33:44] because also we're pitching to people that we

[00:33:46] know are going to be buyers are we pitching to people that we know

[00:33:48] this is not me just spewing crap getting

[00:33:50] anybody by our product and figuring out who the use case

[00:33:52] is these are people who I know

[00:33:54] I can offer you value and I'll be the first

[00:33:56] to say now it wasn't the case two years

[00:33:58] ago I will be the first to say this is

[00:34:00] not going to work for you I know for a fact

[00:34:02] if you don't have any candidate volume we're not a tool

[00:34:04] for you if you're hiring CEOs or needing

[00:34:06] executive search firm we're not the tool for you

[00:34:08] if you have volume candidate ghosting

[00:34:10] need it need to reduce

[00:34:12] a funnel or need to reduce your time to fill

[00:34:14] all those use cases I can help you in some way shape or form

[00:34:16] and that's that's just

[00:34:18] I think drastically help us get a lot

[00:34:20] more simple and what we're pitching and

[00:34:22] and yeah so you got me all fired up it's like

[00:34:24] I

[00:34:26] what do you think that we know what do you

[00:34:28] think the responsibility is

[00:34:30] to teach customers

[00:34:32] how to consume video interviewing

[00:34:34] you know I mean like

[00:34:36] do you

[00:34:38] I could see them taking

[00:34:40] I could see them getting the questions and then again

[00:34:42] because it's a collaboration they're going to

[00:34:44] put their notes in somebody else can put

[00:34:46] their notes in all that stuff but I can see them

[00:34:48] kind of like I didn't really

[00:34:50] I didn't really like I didn't like her

[00:34:52] you know I didn't like her background or

[00:34:54] you know I didn't she spoke really

[00:34:56] fast gives a

[00:34:58] shit you know it's like like these weird

[00:35:00] weird biases like

[00:35:02] you know her cats were on her

[00:35:04] bed you know I don't want

[00:35:06] to hire a person that's a cat person you know

[00:35:08] stuff looks just

[00:35:10] but I but I can see people

[00:35:12] not understanding that they

[00:35:14] have those biases

[00:35:16] so it's like what type of what type of responsibility

[00:35:18] do we have to teach them

[00:35:20] hey here's the things to care about

[00:35:22] mm-hmm you know

[00:35:24] I think you lay out

[00:35:26] expectations of

[00:35:28] okay what are you looking

[00:35:30] for in this candidate I know the job description

[00:35:32] but when you see it and you know

[00:35:34] it or you get most of it what is that

[00:35:36] now are you eliminating

[00:35:38] somebody on a video because of something

[00:35:40] other than that if that's the case

[00:35:42] you are implementing buys that

[00:35:44] same thing with a phone screen right if I'm

[00:35:46] taking a phone screen and I have to do it at 8 o'clock

[00:35:48] at night and there there's some subtle noise in the

[00:35:50] background but I'm focused on there should I get

[00:35:52] removed because I was busy no

[00:35:54] because I took the time to actually do it is

[00:35:56] busyness or job is lack

[00:35:58] of busyness a job requirement a part of the wreck

[00:36:00] no so don't eliminate somebody because it has

[00:36:02] nothing to do with the actual job or

[00:36:04] what you're trying to hire the person for I think

[00:36:06] that rains true for you know

[00:36:08] looking at resumes I think that remains remains

[00:36:10] true for like a

[00:36:12] miss right via zoom or in person right if you

[00:36:14] like the person they're charming you guys

[00:36:16] relate on a certain joke that doesn't

[00:36:18] necessarily mean they're going to be a good hire

[00:36:20] now I'm only about as good as charming

[00:36:22] and that's about all I've got anyway so I hope

[00:36:24] people don't eliminate me if I ever look for a job

[00:36:26] but with that being said I think it's really

[00:36:28] hone in on what

[00:36:30] what expectations do you have on candidates

[00:36:32] to be a rockstar candidate for your organization

[00:36:34] and those are the things that you are focusing

[00:36:36] on understanding about people

[00:36:38] in the process whether it's video phone

[00:36:40] screens interviewing live resumes

[00:36:42] any of that focus on that

[00:36:46] so alright so final question I think

[00:36:48] on my end is we

[00:36:50] we got it to all the goodies we got to

[00:36:52] all the good stuff we got you fired up

[00:36:54] about demos and

[00:36:56] and all that but we never

[00:36:58] heard your origin story

[00:37:00] not where you were born

[00:37:02] we're talking wedge give us the

[00:37:04] origin story of wedge

[00:37:06] that was born a poor black

[00:37:08] and

[00:37:10] and I got immigrated over here yeah

[00:37:12] so

[00:37:14] Ann Arbor, Michigan I

[00:37:16] started mowing a few lawns

[00:37:18] as a chubby neighbor kid

[00:37:20] my first

[00:37:22] my first lawn that I mowed was a funeral

[00:37:24] home director and every time somebody in

[00:37:26] the community died he would call me at

[00:37:28] midnight and have me go mow the next

[00:37:30] day so I had job security

[00:37:32] when people in my community died

[00:37:34] I was 16 years old

[00:37:36] I read obituaries in the

[00:37:38] newspaper and that's where

[00:37:40] my friend started

[00:37:42] we just spoke with

[00:37:44] with Lux

[00:37:46] Lux so he

[00:37:48] will send you the link

[00:37:50] he studied 2000

[00:37:52] obituaries and did a TED talk on it

[00:37:54] really interesting

[00:37:56] so from

[00:37:58] studying obituaries mowing lawns

[00:38:00] business grew quite a bit

[00:38:02] I kept the business going

[00:38:04] while I was in college I went to college

[00:38:06] about three hours

[00:38:08] hired some people

[00:38:10] hired some more people business kept growing

[00:38:12] and I got approached by a property management

[00:38:14] company offered if I wanted to

[00:38:16] sell the business and had a chance to do

[00:38:18] that which is awesome definitely not rich

[00:38:20] or big tech exit but it was a cool

[00:38:22] you know got my first exit under my belt

[00:38:24] by 21 which is awesome and one

[00:38:26] of the things I started reflecting on was like

[00:38:28] I hired pretty well

[00:38:30] and I'd hired you know I probably interviewed 50 people

[00:38:32] probably hired 25 or 30 through the years

[00:38:34] and I didn't care if somebody knew how to mow

[00:38:36] lawn or weed whack or anything like that

[00:38:38] I cared can you be personable can I put

[00:38:40] you in front of my customers if I could do that

[00:38:42] I could teach you the skills needed

[00:38:44] so in this was six seven

[00:38:46] years ago in that

[00:38:48] timeframe one of the

[00:38:50] things I was thinking about

[00:38:52] was we have all these resumes and you

[00:38:54] have all these in person interviews and there's

[00:38:56] this gap there there's this

[00:38:58] there's this we look at paper we put so much

[00:39:00] stock in who that person is as an individual

[00:39:02] they show up for the first interview and you know like

[00:39:04] that's not a good fit or whatever that

[00:39:06] may be and so and so without

[00:39:08] again like any any good

[00:39:10] entrepreneur you go from mowing lawns to HR

[00:39:12] tech like a sociopath

[00:39:14] so you know to me

[00:39:16] exactly to me it was like I don't come from

[00:39:18] the industry don't care to come from the industry

[00:39:20] but it's like I think that there's a problem here that we

[00:39:22] can solve and I think there's a user base that

[00:39:24] needs what we have to offer and

[00:39:26] that's where it started and it's kind of

[00:39:28] all she wrote from there

[00:39:30] I love it my final question

[00:39:32] is too wrong one is

[00:39:34] what questions do you wish prospects

[00:39:36] asked you and two

[00:39:38] what are the list of

[00:39:40] knows that you get like what's the most

[00:39:42] common no

[00:39:44] and even if they don't say no explicitly

[00:39:46] they just don't move forward in the sales

[00:39:48] process yeah so I

[00:39:50] wish more prospect

[00:39:52] would ask us what is an appropriate

[00:39:54] completion rate

[00:39:56] so interesting of

[00:39:58] people that are applying what is

[00:40:00] a standard realm

[00:40:02] of practice so

[00:40:04] our global

[00:40:06] completion rate is about just

[00:40:08] under 50% it's like 48 or 49%

[00:40:10] meaning out of 10 candidates

[00:40:12] 4.8 or 5

[00:40:14] actually complete the video so

[00:40:16] follow up question is it bad that you've lost some

[00:40:18] candidates well if

[00:40:20] the completion rate was 10 or 20%

[00:40:22] yeah there's probably a process issue

[00:40:24] if your completion rate is 30 40 50 60 70%

[00:40:26] the ones falling off

[00:40:28] were actually not that interested in the job to begin with

[00:40:30] and that's where that explanation

[00:40:32] goes a long way for people

[00:40:34] where if they don't ask that question and they

[00:40:36] send out a bunch of invites

[00:40:38] and only half of them completed they're like whoa whoa whoa

[00:40:40] this is not good well you're actually limiting a lot

[00:40:42] of people that really weren't interested to begin with like some

[00:40:44] of that fall off is is okay

[00:40:46] the

[00:40:48] second part was why do people say no

[00:40:50] or why do they choose not to move forward

[00:40:52] right so

[00:40:54] more often than not the reason people

[00:40:56] choose not to go forward is it's harder

[00:40:58] to change than it is to change

[00:41:00] right there's this whole concept of adding

[00:41:02] anything new is daunting and

[00:41:04] challenging HR folks

[00:41:06] in general are

[00:41:08] typically risk averse or they

[00:41:10] have more incentive in their role to say

[00:41:12] no than to say yes so adding anything

[00:41:14] new how no matter how expensive

[00:41:16] no matter how how cost effective no matter

[00:41:18] how beneficial anything new comes

[00:41:20] across as scary or daunting

[00:41:22] or whatever it is

[00:41:24] three years ago four years ago now pre-covid

[00:41:26] the idea video freaked everybody

[00:41:28] out now it's an adoption that helps

[00:41:30] people understand quite a bit but it's

[00:41:32] interesting our customer base

[00:41:34] I don't really compete

[00:41:36] with anybody like very rarely

[00:41:38] am I going head to head with any of

[00:41:40] the other players in the space it's a zero

[00:41:42] to one game it's somebody who's never used

[00:41:44] a tool like ours before

[00:41:46] educating them to understand why the value

[00:41:48] at so it's a zero to

[00:41:50] one first time using our type of software

[00:41:52] and that's where you know is it

[00:41:54] an is it a no a lot of times no but

[00:41:56] it's making sure we're doing the best we

[00:41:58] possibly can to to walk through more as

[00:42:00] a consult consultative

[00:42:02] consultative

[00:42:04] yes that's what I was saying

[00:42:06] more got you more

[00:42:08] thank you thank you more that approach

[00:42:10] helps then buy it

[00:42:12] try it figure out how it works

[00:42:14] and good luck it's much more like hey

[00:42:16] we need to educate and once we do

[00:42:18] people get it pretty quickly

[00:42:20] drops my walks off stage

[00:42:22] yeah done and done baby done and done

[00:42:24] appreciate you so much thank you

[00:42:26] for coming on the show 100%

[00:42:28] 100% if you guys are still watching or listening

[00:42:30] please subscribe share

[00:42:32] us see us in public say hello

[00:42:34] and Matt's gonna send you all

[00:42:36] a signed coffee mug

[00:42:40] all right we'll see you all next time