Recruitment Cost Savings Calculator
How much cost can you save by automating your recruitment process using generative AI copilot? Here is the link to the recruitment cost savings calculator.
What is the calculator about?
Generative AI is poised to significantly transform various aspects of enterprise operations, including talent acquisition processes. Within this context, talent acquisition teams are exploring copilot solutions that can contribute to achieving three key objectives:
- Decreasing the time required to fill job vacancies.
- Reducing the financial outlay associated with filling job positions.
- Enhancing the overall quality of new hires.
This blog post will primarily focus on the aspect of cost reduction in talent acquisition through the use of generative AI-based copilot solutions. One common inquiry we receive pertains to the potential cost savings achievable through the automation of the recruitment process.
Before delving into the specifics of cost savings, it is essential to review the areas where generative AI can provide valuable assistance to recruitment teams when deployed as a copilot.
Process
Copilot actions
Create job posts
Generate on-brand, customized job posts.
Generate job ads for various platforms
Verify job posts for compliance, and eliminate bias.
Review applications to find a match
Anonymize personal identifiersSkill based matching of JD to resume
Automated review of candidate profiles on LinkedIN
Provide top matched applicants
Pre-screening and Assessments
Create personalized screening and assessments assets.
Conversational AI – chat based assessments.
Interviews
Video and chat based interviews
Interview analytics
Interview transcripts
Candidate communications and coordination
Create personalized communication assets
Chat based Q&A
Notifications and alerts for TA team and candidates
Automated campaign sequencing
Create job posts
Generate on-brand, customized job posts.
Generate job ads for various platforms
Verify job posts for compliance, and eliminate bias.
We have created a cost savings calculator to provide an estimate of potential cost reductions achievable through the automation of the recruitment process using AI copilots. The calculator can be tailored to your specific business needs by adjusting critical input variables, including:
- Company size
- Annual number of roles you typically hire
- Primary geographic location
- Breakdown of recruitment stages
- Time allocated per applicant at each recruitment stage
- Pass rate at each stage of the recruitment process
Here is the cost savings calculator: https://krita.ai/recruitment-marketing-roi-calculators/https://krita.ai/calculate-recruitment-costs-savings/
Give it a try and let us know your feedback by writing to info@krita.ai