HR and recruitment statistics. Part 6: digital automation of HR processes, HR analytics

Digital automation of HR processes statistics

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More and more companies realize the need to automate HR processes. OnHires’ positive experience confirms that automation tools can significantly streamline the hiring process, making it more efficient and faster. Plus, digital automation allows recruitment agencies to provide recruitment services of much better quality and at a much higher level.

In addition, automating the work of HR departments also makes their work more successful and productive, freeing up valuable time for more meaningful processes.

The following statics prove these statements:

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• 72% of employers believe talent acquisition will be fully automated within the next decade.
• HR automation integration enables companies to cut up to 21% in recruiting costs by 28% in HR hours.
• HR managers lose 35% or 14 hours a week of their work time on average, manually completing tasks that could be automated.
• Automated skills testing makes the candidate screening process 64% more efficient.
• 82% of recruiters believe that investing in state-of-the-art recruiting tools and technologies is the best way to improve their performance.

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HR analytics and data-driven recruitment statistics

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According to the latest recruitment statistics, data-driven metrics are now one of the most apparent recruiting trends. Powerful tools, such as ATS and various recruiting platforms, allow businesses to build new strategies based on data.

HR analytics gives recruiters and HR managers the ability to get a clear picture of which hiring strategies are working well and which ones are not. Plus, HR analytics lets HR managers figure out how to increase employee retention, assess candidate skill gaps, and optimize the recruitment process and the HR department's work.

The statistics given below demonstrate these tendencies very well:

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• 71% of companies prioritize workforce analytics.
• 68% of companies turn to data-driven recruitment.
• Using HR analytics improves the quality, cost, and time of hiring by 48%.
• 56% of HR managers and recruiters think that strategic metrics, which measure the business results of the team’s efforts, are more important than tactical metrics, such as time or cost to hire.
• Thanks to HR analytics, 22% of job seekers find the companies they apply to a great place to work.
• HR analytics help companies engage and retain 14% more employees.
• HR analytics drives 37% more innovation and 26% better adaptability.

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More about recruitment metrics: Recruitment metrics.

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Summarizing

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As can be seen from the above statistics, current business conditions require the introduction of automation in business processes to make them more structured, optimized, faster, and more cost-effective.

In addition to the automation process, a successful business today significantly depends on effective HR analytics.

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