The challenges recruiters face while screening resumes
According to a recent survey of talent acquisition leaders, the most important recruiting KPI is quality of hire followed by time to fill. Both quality of hire and time to fill are influenced by your resume screening process. The biggest challenge of screening resumes by far is volume.
The number of resumes received is one of the biggest factors that increases time to fill. An average job opening receives 250 resumes and up to 88% of them are considered unqualified. This means a recruiter can spend up to 23 hours screening resumes for a single hire. With more pressure to attract and maintain high-performing talent, HR organizations have shifted their focus to using analytics to proactively drive a better employee experience and culture. It has been observed that the largest cost recorded in the financial reports is often the cost of the workforce. Because of this, compensation analytics has become a strong focus for executives that need to keep costs in line with revenue to maintain a healthy, profitable company.
The benefits of Analytics in HR: