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Re-defining Recruitment: Introducing, “Instahiring”

Most seasoned high volume recruiters understand that Time to Hire is the single most important hiring metric. Time to Hire in itself is important as business always need candidates like yesterday. Most high volume recruiters are in businesses where either you have a large field workforce and if you do not have enough people on the field at any given point of time your ability to sell or service is limited or you are a services business where your resources are billed to the end customer and if you do not have enough resources on payroll you are loosing revenue.

But Time to Hire is important not just by itself, it also impacts all other key hiring metrics- Quality of Hire, Candidate Experience and Cost per Hire. We will discuss each of these below.

Quality of Hire: A good candidate today is available in the market only for 10 days. If you have a 2 months long hiring process your ability to hire to hire the best candidates is significantly limited. 

Candidate Experience: 6 out of 10 candidates who drop of the funnel attribute that to a long hiring process. 

Cost of Hire: It costs an average of USD 4000 for every new hire. The cost increases with the time you spent.

Meanwhile, 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.

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The Future of Recruiting: Where Will AI Save the Most Time?

Artificial Intelligence is possibly the most disruptive trend in recent time that has pervaded our lives. It’s only natural that the process of recruitment and hiring is also pushing for the inclusion of AI. Artificial intelligence is recognized as an ideal ‘intelligent’ machine which is a flexible rational agent that perceives its environment. It acts accordingly so that its chance of success is elevated to achieve certain goals.

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How Talview helped transform HCL's hiring

HCL America Inc., an innovative technology solutions company bases its foundation in an exceptionally talented team.

The cornerstone of their success in the United States is their commitment to identifying and hiring local talent across multiple delivery centers in the United States. Their goal is to become a vibrant, active member of these communities not only by hiring, but also by active involvement in civic organizations, local government, universities, and charitable institutions to cultivate ties with the overall community.


HCL’s hiring occurs on a massive scale, with the recruiters screening several hundreds of resumes every week. The process of sifting the right talent from numerous applications took a lot of time away from the recruiter’s hands. While looking to solve the time constraint, HCL began looking for resource-friendly solutions to streamline their hiring workflow efficiently.

Recruiting challenges faced:

Screening resumes - The team at HCL America Inc receives hundreds of resumes every week, of which only 3-5% were qualified as potential candidates. The team was looking for a solution to filter the quality candidates.

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How Artificial Intelligence is Re-imagining Recruitment

Did you know AI and machine learning play a key role when it comes to streamlining human capital management?

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