Interviewing – a cost or investment for candidates?

iStock-1365436734 REsize.jpg.jpg

People are a company’s greatest asset. Dedicated time, resource and expenditure are required to successfully recruit the right people into an organisation. Whilst candidates undertaking a recruitment process would also expect the time investment, perhaps they wouldn’t consider any potential personal expenditure involved. 

The cost of attending interviews can vary and is based on several factors. Candidates may incur both direct and indirect expenses, for example: transport costs, interview attire, printing out documentation, technology (e.g. webcam/microphone), purchase of interview preparation resources/coaching, time off work, miscellaneous expenses – e.g. food & drink or attending professional networking events.

According to StandOut CV, in 2023, 69 per cent of employers were incorporating video interviews into their hiring process. Whilst this will naturally reduce the transport costs candidates would need to allocate for attending interviews, it is not the norm for all parts of the interview process to be completed online. Many employers still want to meet potential future employees in person, especially if the remit will be based on-site or a hybrid situation. 

Fiona McDonald, business operations manager at Walmsley Wilkinson Executive and Management Recruitment says: “Face-to-face interviews remain an integral part of the recruitment process. Whilst there may be an initial ‘getting to know you’ video call, there will often be at least one in-person interview and frequently more. In my opinion this is key, in helping to determine the fit for both parties.” 

Trainline commissioned a recent study which suggested the average cost of attending an interview is over £100. As many jobs still offer remote working, candidates may find themselves having to travel much further afield from their home address to attend the interview and with the cost of fuel and train fares, the financial implications can soon mount up. It is therefore key that both employer and candidate have a recruitment experience that is deemed worthwhile and good value.

Organisations that have international operations and are well versed in relocating new hires will have defined travel expenses and relocation policies that underpin their recruitment efforts and enable them to organise travel arrangements on a candidate’s behalf or at least reimburse costs. 

Fiona McDonald continues: “It’s important that employers have an efficient and smooth recruitment process which is candidate focused, delivers a positive interviewee experience, and generates strong brand perception. Organisations need to mitigate the risk of causing a time and cost burden on their potential future hires, by putting the candidate experience at the heart of the recruitment process. An agile interview process contributes to a positive candidate experience, helps attract top talent, and positions the company as a desirable employer. It is an essential aspect of a company's overall talent acquisition strategy.” 

Whilst virtual meetings are now part of the working norm, if someone wishes to take their career elsewhere, then they will be expected to step out from behind their laptops and commit to meeting with prospective future employers. With any interview process, some costs will be involved. Candidates should try and see this as an investment in their future, and after all, they may well recoup this expenditure in any new salary offering. Whilst employers need to be respectful and understanding of a participating candidate’s experience in their recruitment activity. When this is achieved, interviewing will no longer be a contentious cost for candidates.   

Enjoyed this? Read more from Walmsley Wilkinson Executive Recruitment

Latest news

1

Forbes makes Manchester move Forbes Manchester

Forbes makes Manchester move

15 Apr 2024

2

Blackpool approves plans for pair of apartment complexes New South Promenade Apartments Visuals

Blackpool approves plans for pair of apartment complexes

12 Apr 2024

3

Distinguished engineer takes senior role at Lancaster University Rebecca Lingwood

Distinguished engineer takes senior role at Lancaster University

11 Apr 2024

4

International building supplies firm to open new plant in Preston New Kerakoll Group Premises Visuals

International building supplies firm to open new plant in Preston

11 Apr 2024

5

UVS launches new dedicated global service Screenshot 2024-04-15 at 11.23.34.png.png

UVS launches new dedicated global service

15 Apr 2024

Hwc 2024 Email Signature 980x120
Background image for hub sign up block

LBV Hub

Reach 50,000 members of the Lancashire business community

Post your news
Post your events
Post your offers
Company profile
Social reach
Magazine coverage
Sign-up
Events
Health and Wellbeing Conference 2024
Hwc 2024 Social Media 1200px 1
Networking
23 Apr 2024

Health and Wellbeing Conference 2024

Crow Wood Hotel, Burnley , BB12 0RT

08:30 - 13:00

Help to Grow Management Course
HTG2.png.png
LBV Hub Seminars
15 Apr 2024 - 17 Jul 2024

Help to Grow Management Course

Preston Campus , Preston , PR1 2HE

09:30 - 14:00

Business Networking in Blackburn - BNI Vista
EVENT LISTING SIZING Vista.png.png
LBV Hub Networking
16 Apr 2024

Business Networking in Blackburn - BNI Vista

Hampton by Hilton, 2 Frontier Ave, Blackburn, BB1 3AL

06:45 - 08:30

Business Networking in Chorley - BNI Endeavour
EVENT LISTING SIZING Endeavour.png.png
LBV Hub Networking
16 Apr 2024

Business Networking in Chorley - BNI Endeavour

Oak Royal, Bury Lane, Chorley, PR6 8SW

06:30 - 08:30

Business Networking in Lancaster - Eden Business Network
EVENT LISTING Eden Business Network.png.png
LBV Hub Networking
17 Apr 2024

Business Networking in Lancaster - Eden Business Network

The Borough, 3 Dalton Square, Lancaster, LA1 1PP

18:30 - 20:30

Business Networking in Accrington - BNI Zeus
EVENT LISTING SIZING Zeus.png.png
LBV Hub Networking
17 Apr 2024

Business Networking in Accrington - BNI Zeus

The Mill House, Corn Mill Yard, Accrington, BB5 5HX

06:45 - 08:30

Business Networking in Preston - BNI Diamond
EVENT LISTING BNI Diamond.png.png
LBV Hub Networking
17 Apr 2024

Business Networking in Preston - BNI Diamond

The Marriot Hotel, Garstang Road, Broughton, PR3 5JB

07:15 - 09:00

Cyber Secure 360: Safeguarding Your Digital World
CyberSecure 360 LBV-32.png.png
LBV Hub Seminars
18 Apr 2024 - 18 Apr 2024

Cyber Secure 360: Safeguarding Your Digital World

Accrington Stanley, Accrington, BB5 5BX

08:30 - 12:00

Business Networking in Burnley - BNI Kudos
EVENT LISTING BNI Kudos.png.png
LBV Hub Networking
18 Apr 2024

Business Networking in Burnley - BNI Kudos

Prairie Sports Village, Windemere Avenue, Burnley, BB10 2FU

06:45 - 08:30

Business Networking in Preston- BNI Brunch
EVENT LISTING SIZING Brunch .png.png
LBV Hub Networking
19 Apr 2024

Business Networking in Preston- BNI Brunch

Samlesbury Preston Hotel, Preston New Road, Preston, PR5 0UL

09:30 - 11:00

The Pro Club
Untitled design (6).png.png
LBV Hub Networking
19 Apr 2024

The Pro Club

Fraser House, Lancaster, LA1 4XQ

09:30 - 12:30

Business Networking in Blackburn - BNI Infinity
EVENT LISTING BNI Infinity.png.png
LBV Hub Networking
19 Apr 2024

Business Networking in Blackburn - BNI Infinity

Hampton by Hilton, 2 Frontier Ave, Blackburn, BB1 3AL

06:30 - 08:30

Advertise with us

Reaching 50,000 members, our print, digital and event platforms offer a fantastic way to raise your business profile and help you grow.

Find out more Lbv115 Online Graphic
Subscribe now

Weekly news bulletin