Introduction
In the rapidly evolving business landscape, hiring the right talent is a critical determinant of a company’s success. However, the recruitment process can be resource-intensive. On average, recruiters spend approximately 13 hours per week sourcing candidates for a single role. This not only involves a significant time investment but also incurs substantial costs.
The financial implications of recruitment are often underestimated. The average cost of one bad hire can cost an organization nearly $15,000. On the contrary, the average cost of losing a good hire can cost an organization nearly $30,000.
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