When the entire recruitment cycle is fully autonomous, it brings in a host of benefits to companies and recruiters:
Firstly, it can make the recruitment process a breeze. From screening to hiring, our AI-powered super bot can process hundreds of resumes in no time. The time to hire can be brought down by a whopping 70%, resulting in faster recruitment turnaround. This is a big boon for companies hiring in large numbers.
Secondly, Autonomous Interview can save a lot of money! According to research conducted by a prominent job portal, average hiring costs for a non-executive position is around $4,700 and for executive position it can go up to $14,936. Of this, 38% cost is attributed to manpower. The RiteHire Autonomous Interview can straightaway cut down your expense by a third.
A scientific approach is always data driven and when decisions are made based on data, the resultant is a stable and efficient outcome. With RiteHire, recruiters will see the transition in the candidate’s mindset from one stage to the other and as a result, can detect candidates who are more likely to drop off midway through the recruitment cycle or may end up rejecting the offer eventually, thus save considerable cost and time. An candidate recruited via the Autonomous-Interview has 50% less possibility of rejecting the offer, ensuring lower opportunity costs.
Thirdly, Autonomous Interviews can reduce 90% of HR managerial time which can instead be deployed for mission critical functions.
Fourthly, RiteHire is super-efficient with about 98% accuracy in detecting candidate malpractice or frauds involving vocal and physical impersonation saving the company of unnecessary risks.
Finally, A bad hire can cost the hiring companies dearly, and research suggests it can go all the way up to 300% of the employee’s salary. Extensive internal research has shown that RiteHire Autonomous Interview can reduce bad hires by up to 80%, saving significant costs.
