Time to hire has always been the most critical of hiring metrics. Apart from the opportunity, the cost of not having someone on the payroll can affect other hiring metrics such as quality of hire (best candidates are only available for 10 days), cost of hire (long time spent by recruiters and hiring managers due to long process) and candidate experience (long wait time is number one candidate reason for poor experience).

Companies spend billions a year on recruiting and personnel management. The growing pace of the fourth industrial revolution and the emergence of a massive number of new competencies leads to an escalation of the struggle for highly qualified candidates and the expansion of technologies to search for new talents, as well as to unleash the potential of existing employees.

An employee leaving your company can cause so many problems nowadays, especially if your company policy is operating a 2-week notice period. Of course, the recruitment process to replace and fill these vacancies take a lot longer than this to process, and it can be hard to keep your business running smoothly.

The working class demographic is undergoing a massive transformation with digitally native Millennials entering the workforce. Statistics show that Millennials will constitute to 75% of the working demographic in the United States by 2030. As far a the Indian market is concerned, the gig economy is expected to account for 43% of the workforce by 2020. 52% of the private workforce has spent time as independent workers at some point in 2018.