HCM Talent Technology Roundup June 9, 2023

The climate for global talent hiring continues to experience significant turbulence, with time to hire rates at an all-time high, according to the Josh Bersin Company. Research showed that average time-to-hire rates for the first quarter of 2023 alone, had increased across all industries by one day, despite the best efforts of employers. This pushes an already stretched recruitment process to 43 days on average. And across all industries, the research shows a widening gap between “easy to fill” and “difficult to fill” roles.

The developer-focused job board Arc launched HireAI, an AI-powered solution intended to simplify the hiring process. HireAI matches companies and candidates from its global developer network. It also takes on tasks such as candidate search, resume screening and manual outreach. HireAI uses OpenAI’s ChatGPT-4 to identify matching candidates from Arc’s pool of some 250,000 developers worldwide.

Digital workforce solutions provider Factorial launched of Factorial AI, a generative AI tool designed to help businesses streamline operations while saving time and costs. As part of the launch, Factorial introduced an AI talent recruitment capability that’s designed to speed up the recruitment process and cuts costs. It does this by automatically screening CVs and filtering clients before the first interview, which in turn should help HR teams prioritize the best talent and focus on growing their culture in the right direction.

Almost half (47%) of the business leaders and decision-makers surveyed by business publisher Tech Co say they’re considering using AI tools rather than hire new employees. About 53% said they would continue rely on people. The leaders surveyed also said they believe that, on average, more than a quarter of their current workload could be completed by using ChatGPT or similar tools.

Atrium said it expanded its global operations by acquiring a majority interest in the London-based IT and business services company Gibbs Hybrid. The company said the acquisition will enhances its ability to provide talent and workforce solutions for international clients, while it extends Gibbs Hybrid’s suite of offerings in contingent program management and total talent management to its portfolio of customers operating in EMEA and beyond.

By Mark Feffer

Mark Feffer is executive editor of RecruitingDaily and the HCM Technology Report. He’s written for TechTarget, HR Magazine, SHRM, Dice Insights, TLNT.com and TalentCulture, as well as Dow Jones, Bloomberg and Staffing Industry Analysts. He likes schnauzers, sailing and Kentucky-distilled beverages.