Not surprisingly, 52% of recruiters say that the hardest part of recruitment is “screening candidates from a large pool of resumes”.
According to Glassdoor, each job posting attracts around 250 resumes. Thus, the top 2% is on average only five resumes. Even though 245 job applicants don’t make it to the interview, the time and energy spent filtering each application is significant.
Although 75% of hiring managers use software to help them with the recruitment and tracking process, most of those companies use software that doesn’t have the potent capabilities that artificial intelligence offers to the recruitment process.
In the worst-case scenario, recruiters analyze each job application without software. They spend an average of just six seconds reading each resume. That means that they read 245 resumes that aren’t in the top 2%. That’s at least 1,470 seconds, or almost 25 minutes per position.