In today’s competitive hiring landscape, organizations are under pressure to reduce costs while hiring top talent swiftly and effectively. The cost per hire is a critical metric HR teams use to evaluate the efficiency and ROI of their recruitment process. Traditional hiring methods, especially manual screening, can be time-consuming and expensive. That’s where automated screening in recruitment software like Niyuk offers a transformative solution.
In this blog, we’ll explore the cost of manual hiring, compare manual vs. AI screening, and show how candidate screening software like Niyuk can reduce your cost-per-hire and improve hiring quality.
Find Niyuk’s pricing plans here: https://niyuk.ai/pricing/
What is Cost per Hire?
Cost per hire is the total amount of money spent to fill an open position. This includes:
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Advertising and job board fees
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Recruiter salaries or agency fees
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Technology tools and recruitment platforms
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Administrative overhead
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Background checks, assessments, and more
According to SHRM, the average cost per hire is over $4,000, and the average time to hire is around 42 days. But for many organizations using traditional methods, this cost can go even higher due to inefficiencies in manual screening and candidate shortlisting.
The Problem with Manual Screening
Manual candidate screening involves HR professionals reviewing every resume and application, conducting phone screens, and manually sorting candidates based on job requirements. This approach often leads to:
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Delayed hiring decisions
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Higher operational costs
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Inconsistent candidate evaluation
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Recruiter fatigue and burnout
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Potential bias in selection
The cost of manual hiring adds up quickly—not only financially but also in terms of productivity loss and poor candidate experience. Additionally, manual processes are prone to human error, increasing the chances of hiring the wrong candidate, which can be even more expensive in the long run.
Automated Screening in Recruitment Software
Automated screening is the use of AI and machine learning algorithms to evaluate resumes, assess skills, and match candidates to job roles. Tools like Niyuk’s candidate screening software can:
