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In fact, studies have shown that an effective employee referral program can reduce cost per hire by up to $3,000. Not only that, but the time to hire also diminishes when recruiting referred candidates. Sharing an example close to home, an impressive 30 percent of our hires at Avature in 2022 came from internal referrals.
This Obi-Wan Kenobi quote dates back to a long time ago in a galaxy far, far away but also fits current AI, which is present in many elements of our daily lives. And regarding the HR sphere, the presence and benefits of artificial intelligence in recruitment and talent management are no exception. The Evolution of AI.
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