A good recruitment strategy is critical to the success of any business. Developing and implementing the recruitment strategy can be costly and time-consuming. As per estimated figures, the average organization tends to spend about 8 to 12 percent of a candidate’s paycheck towards recruiting cost.
Organizations can reduce this cost by utilizing the right technology to streamline the recruitment process. This significantly helps reduce spending on hiring candidates. Job placement agencies use Artificial Intelligence (AI) to take care of time-consuming and repetitive tasks. This can potentially help save money spent to hire an employee as well as improve the quality of recruitment. Continue reading “Top 5 Ways Artificial Intelligence is Transforming the Recruitment Industry”
In the U.S, the average company spends approximately $ 4000 to recruit a candidate and the average process of recruitment takes about 52 days. Thus organizations are adopting recruitment trends that make the hiring process cost and time effective, plus there is a growing demand to invest in candidates who are in for the long haul and contribute to the vision and mission of the company. A good candidate vetting process can help in hiring quality candidates and goes a long way in creating an efficient and fair recruitment strategy. Continue reading “How Extensive Vetting can help Identify and Recruit Potential Candidates”
Virtual Reality (VR) tech is all around us and there are many opportunities for using it in the recruitment industry. It is an exciting phase of growth for VR with forecasts suggesting a continuation in this trend in the coming years. It is estimated that by 2022, the virtual and augmented reality market is poised to grow to the tune of more than $209 billion. This could open up some exciting options for organizations that are looking to innovate when it comes to workforce management and recruitment. Top IT staffing firms can make innovative use of VR, to establish a brand image and to engage potential candidates. Continue reading “How Virtual Reality can Boost your Recruitment Strategies”