Are you ready for the next big disruption in hiring industry?
With the advent of new technologies each passing day, development of Artificial intelligence, and its adoption in day to day life, we are standing at an exciting threshold of development from where businesses’ are ready to shoot themselves in an exponential trajectory of growth by leveraging these technologies. No industry and no field have been untouched by digitization and industry 4.0; not even the hiring and talent acquisition space.
5 tips to reduce recruitment cost
In the present scenario of COVID 19, businesses have seen revenue loss and hence many of the vacancies have been put on hold. However, there some vacancies which need to be filled regardless of the downturn of the economy. But hiring a candidate comes at its own cost. According to a recent SHRM study, the average cost-per-hire (CPH) is around $4,129. This is a significant amount and during these tough times, companies are hesitant to shell out such a large amount of money and are looking at alternatives.