How AI-Powered Direct Sourcing Increases Productivity and Leads to Better Hires from hrtechcube1's blog

Direct Sourcing Saves You the Cost of Bad Hires  

It’s expensive for employers to have a job open for too long. CareerBuilder estimates that employers lose more than $14,000 on average for every job that stays vacant for three months or longer, and this cost can be upwards of $25,000 for more advanced positions. This can often lead to a sense of impatience as a human-powered hiring processdrags on, leading to snap decisions fueled by human bias.  

Hiring the wrong person for the role is even more expensive, however. According to hiring expert Dr. Bradford Smart, the estimated cost of a mis-hired worker can be anywhere from 5 to 27 times the amount of the person’s actual pay. This number depends on their role and responsibility level, and the cost of recruiting them using traditional third-party sourcing–which, according to the Society for Human Resource Management (SHRM) can cost up to3 to 4 times that person’s salary on paper.