InCruiter, a leader in innovative HR solutions, has recently conducted a study highlighting the role of AI in the hiring industry. The study was conducted with a firm commitment to elevating efficiency, minimizing bias, enriching candidate experiences, and prioritizing data security.
The study highlighted that the industry-standard employee dropout rate has reduced from 40% to an impressive 5%, marking a significant leap in hiring efficiency and candidate experience. Additionally, in response to the fiercely competitive job market, demand for technology has surged by 30% over the past year, highlighting the growing recognition among employers for AI-driven hiring solutions that streamline talent acquisition.
The study also revealed that Companies utilizing AI, have reported a 25% increase in the diversity of their hires, showcasing the potential of AI to minimize unconscious bias and promote a more inclusive workforce. Another significant revelation from the study is the reduction in time-to-hire for organizations employing AI-driven solutions. On average, organizations using AI technology have reduced their time-to-hire by 40%, allowing them to swiftly secure top talent and gain a competitive edge in the fast-paced job market.
Anil Agarwal, CEO & Co-Founder, InCruiter said “AI is a game-changer in the world of HR. Our commitment to leveraging AI for hiring is not just about efficiency; it’s about creating a more equitable and engaging interview process. With this study, we’re not only setting new industry standards but also empowering HR professionals to focus on strategic tasks that truly drive organizational growth.”