
What are the real costs of talent recruitment?
Calculating hiring costs is challenging—hidden expenses and limited data can obscure the full picture. Go beyond surface-level hiring costs to reveal the direct and indirect costs of traditional methods vs AI-driven solutions.
See where you’re missing out on significant time and cost savings, and discover the impact of Turing’s AI-powered approach.
With traditional recruitment, the numbers don’t add up
There are a lot of reasons for rising costs
Recruiters spend up to 50 active hours on each role, but manual processes and hidden inefficiencies inflate time andby 2–3 times.
The average cost-per-hire is over $4,700, with inefficiencies in sourcing, screening, and interviewing adding thousands annually.
The average time to fill a role is 42 days while top candidates are only available for 10—and unfilled roles cost about $98 in lost productivity per day.
A single bad hire can cost up to 30% of the employee’s first-year earnings (between $14,900 and $17,000), and 20% of new hires leave within 45 days, causing re-hiring cycles, disrupting team productivity, and doubling recruitment expenses.
Companies allocate 15% of HR expenses to recruitment, but less than half of talent acquisition leaders can accurately assess ROI.
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These costs affect recruiters, hiring managers, and HR leaders the most
Turing’s global talent solution saves you time and money
Discover the hidden cost saving at each stage in the hiring journey. Traditional recruitment methods often overlook expenses and inefficiencies that drain resources and budget. Turing’s AI-driven approach helps streamline these processes, offering substantial savings and optimizing hiring outcomes.
You can’t afford not to use Turing
Reduce costly recruitment inefficiencies at every stage
Each stage of the hiring process has pitfalls that can inflate costs without delivering better results. Discover where your recruitment dollars are slipping away and how AI can make a measurable difference.
References
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