Recruiting with AI: How New Tools Improve Efficiency and Lower Costs

Recruiting with AI: How New Tools Improve Efficiency and Lower Costs

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Many organizations I talk to find recruiting to be complicated and challenging.  According to Monster.com, 71 percent of recruiters say they struggle to fill a position because of candidate skills gaps.  Simultaneously, job candidates also expect a more positive experience with a potential employer, and organizations are looking for ways to improve candidate experience

So how does a company address these experiences and engagement challenges? 

Company leaders need to pay attention to these trends because getting recruiting wrong can be quite costly. According to Glassdoor, the average cost-per-hire is $4,000, and it can take an average of 24 days to fill a position within an organization. Delays or inefficiencies waste a recruiter’s limited time and drive up these and associated costs even further. 

The reality is that too many hours sorting through resumes and carrying out interviews creates such a lengthy process that desired talent may stray before getting hired. In fact, 55 percent of applicants will move on if they haven’t heard from an employer within two weeks of applying, according to data from CareerBuilder and SilkRoad.

Using HR applications that have adaptive intelligence (AI) capabilities can streamline and fast-track recruitment practices, while also eliminating biases and improving the

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