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In the world of recruitment, time is a currency that can’t be taken lightly. Hiring Turnaround Time (TAT) directly plays a role in your cost per hire. It will cost your organization both financially and in terms of productivity for every day a position remains vacant.

A survey by Society for Human Resource Management (SHRM) says that the average cost of a bad hire can be upto five times their annual salary.

That’s where Interview Turnaround Time (TAT) comes into play – the speed at which you can progress from scheduling an interview to making an offer. In this blog, let’s explore how this crucial factor impacts your hiring process and how the magic of AI can make it all happen at warp speed.

The Need for Speed: Unveiling Interview Turnaround Time

Picture this: A top-notch candidate eagerly applies for a job. Their initial enthusiasm starts dwindling as they wait weeks for an interview call. This common scenario isn’t just about impatience; it’s about the competitive landscape of talent acquisition. Talented professionals are in high demand, and they don’t stick around for sluggish processes. A Glassdoor survey revealed that the average interview process in the U.S. takes 23 days. The pressure is real, and TAT is your secret weapon to seal the deal before your competitors do.

Enter AI: The Speedster of Recruitment

Boosting Sourcing Efficiency: AI-powered tools can sift through resumes and identify the best-fit candidates in a fraction of the time. This drastically reduces the manual effort and speeds up the initial screening process.

Predictive Candidate Match: AI algorithms analyze candidate data to predict their likelihood of success in the role. This not only saves time but also improves the quality of hires.

Streamlined Scheduling: Coordinating interview schedules can be a logistical nightmare. AI-driven tools can analyze availability, preferences, and time zones to suggest optimal interview slots, saving time and headaches.

Enhanced Candidate Engagement: AI-driven chatbots can maintain engagement with candidates, answer their queries, and even conduct preliminary assessments, all while maintaining a positive candidate experience.

From Challenge to Solution: How WebPipl myATS Saves the Day

Challenge: Navigating Manual Tasks – The administrative tasks involved in scheduling interviews, sending reminders, and gathering feedback from hiring teams can be time-consuming and error-prone.

Solution: WebPipl myATS Automation – Our advanced ATS automates interview scheduling, sending automated reminders, and even consolidating feedback from interviewers in real-time. Your team can focus on making the right hiring decisions instead of juggling spreadsheets.

Challenge: Time-Consuming Resume Screening – Scanning numerous resumes to shortlist candidates eats up valuable time and delays the process.

Solution: AI-Powered Candidate Screening – myATS uses AI to match candidate profiles with job requirements, delivering a shortlist of the most suitable candidates in a flash.

The Road Ahead: A Faster, Smarter Tomorrow

So where is the future of recruiting? AI is going to be an integral part of your hiring soon. Already it is happening in futuristic companies with the help of next-generation tools like the ones offered by WebPipl. If we are able to tap the potential of the advancements happening in machine learning, and predictive analytics, your recruitment process will be much faster, smarter, and more efficient than ever before.

Ready to Transform Your Hiring?

The age-old question remains: How do you reduce Interview TAT while maintaining quality hires? The answer lies in leveraging cutting-edge technology. WebPipl my ATS doesn’t just solve the TAT challenge; it transforms your entire recruitment process. From automated scheduling to AI-driven candidate assessment, myATS is your secret weapon to ace the hiring game. Discover how you can unlock a streamlined, efficient, and future-ready recruitment process.

Take a Step Toward Faster, Smarter Hiring – Explore WebPipl myATS Today!

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