The Josh Bersin Company, a leading HR advisory firm, has released research on how AI is transforming talent acquisition. The study, produced with AMS, highlights major advances in AI-powered recruiting that deliver faster hiring, higher accuracy, and stronger candidate-role matches. AI-driven solutions are accelerating time to hire by 2–3x and improving sourcing precision across industries.
The Global Talent Acquisition Market
The global recruiting and staffing market exceeds $850 billion and grows 13% annually, despite economic headwinds. TA leaders now turn to AI to adapt as the technology reshapes jobs, skills, and workflows. Even without AI disruption, more than 20% of employees change jobs yearly, creating strong demand for precision hiring solutions. Companies using AI in recruiting are achieving 200–300% faster hiring, stronger accuracy, and greater efficiency compared to peers.
The report, The Talent Acquisition Revolution: How AI is Transforming Recruiting, shows how AI benefits the entire hiring ecosystem. Job seekers experience faster recognition and better role alignment, while employers gain scalable, real-time recruitment capabilities.
Addressing Failures in Traditional Hiring
In 2024, only 17% of applicants advanced to interviews, while 60% abandoned slow application portals. AI-powered TA platforms are reversing these inefficiencies. Research indicates benefits such as lower hiring costs, stronger internal mobility, and greater workforce productivity.
For instance, a U.S. resort operator used conversational AI to boost scheduled interviews by 423% in 12 months and cut drop-off rates by 85%. Foundever achieved 95% candidate satisfaction from 200,000 applicants in six months using AI-enabled processes. A global automotive leader saved $2 million in one year with AI-powered interview scheduling.
Transforming Recruiter Roles with AI
AI-enabled TA teams are now automating sourcing, profiling, scheduling, and even offering negotiations. Recruiters set parameters for salaries and benefits, while AI assistants manage communication and propose alternatives. This reduces turnaround times and frees recruiters to focus on strategy.
Leading organizations across hospitality, healthcare, food, and technology, including Fontainebleau Las Vegas and Compass Group, are already benefiting from AI-driven recruiting innovations.
A Shifting Vendor Landscape
The TA vendor ecosystem is evolving rapidly. SAP acquired SmartRecruiters, while Workday acquired Paradox. Emerging platforms like Eightfold AI, Maki People, Glider AI, Radancy, HireVue, Draup, and SeekOut are pioneering conversational AI, AI-driven assessments, and labor market benchmarking.
Industry Perspectives
Stella Ioannidou, Senior Research Director at Josh Bersin Company, stated:
“For decades, TA was slow, costly, and frustrating. Today, AI-driven platforms help recruiters identify, engage, and hire talent with precision and speed. This proactive, data-driven model allows organizations to adapt quickly and fuel growth.”
AMS CEO Gordon Stuart added:
“This research captures both the urgency and scale of AI’s impact on talent acquisition. AI is reshaping workflows, roles, and expectations across the industry.”
Josh Bersin, CEO of Josh Bersin Company, concluded: “AI enables CHROs to manage talent with precision, much like supply chain operations. This marks a shift from handcrafted hiring to dynamic, data-driven recruitment. Organizations that once struggled with inefficiencies can now eliminate revenue loss, turnover, and misaligned hires.”
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News Source: Prnewswire.com
