February 26, 2024 – Last year, the global artificial intelligence market was valued at $150 billion, with projections to jump anywhere from 25% to 35% by 2030.
As the AI market grows rapidly, the need for AI digital transformation across industries becomes imperative, especially in the talent acquisition space, as most teams spend up to 12 hours manually sourcing per job.
Leoforce created a comprehensive report surveying 273 HR leaders across North America for insight into the current state of AI in recruiting and how it is redefining talent acquisition strategies and workflows.
Key Highlights:
Prolonged Time to Fill Rates: 96% of HR leaders reported that their average time to fill is more than 40 days using their current tech stacks.
Use of AI: Only 30% of those surveyed are leveraging AI, and most of them only use AI for a quarter of their processes.
Barriers to Entry: The main reason HR leadership hasn't invested in AI technology is due to a lack of budget.
In 2024, AI adoption will spike as 81% of surveyed companies plan to invest in AI-driven solutions to automate and enhance their recruiting processes.
Uncover the key areas of talent acquisition improvement and AI benefits to make the case for starting your recruiting transformation today. Download the report here.
Leoforce's AI, Arya, is at the forefront of this transformation, with advanced insights and automation to improve recruiter efficiency by up to 5x. Learn more about Arya.
ABOUT ARYA BY LEOFORCE
Leoforce, the creator of Arya, is revolutionizing the recruitment industry with its customizable AI sourcing and talent engagement solutions. Arya leverages advanced AI to optimize the recruitment process, ensuring companies find better talent, faster. For more information on AI recruiting transformation or to discover how Arya can level up your recruitment process, visit Leoforce's website.