Reduce Your Cost per Hire with Automated Candidate Screenin

1. Reduce Your Cost per Hire with Automated Candidate Screening by Niyuk In today’s competitive hiring landscape, organizations are under pressure to reduce costs while hiring top talent swiftly and effectively. The cost per hire is a critical metric HR teams use to evaluate the efficiency and ROI of their recruitment process. Traditional hiring methods, especially manual screening, can be time-consuming and expensive. That’s where automated screening in recruitment software like Niyuk offers a transformative solution.

2. In this blog, we’ll explore the cost of manual hiring, compare manual vs. AI screening, and show how candidate screening software like Niyuk can reduce your cost-per-hire and improve hiring quality. Find Niyuk’s pricing plans here: https://niyuk.ai/pricing/ What is Cost per Hire? Cost per hire is the total amount of money spent to fill an open position. This includes: •Advertising and job board fees •Recruiter salaries or agency fees •Technology tools and recruitment platforms •Administrative overhead •Background checks, assessments, and more According to SHRM, the average cost per hire is over $4,000, and the average time to hire is around 42 days. But for many organizations using traditional methods, this cost can go even higher due to inefficiencies in manual screening and candidate shortlisting. The Problem with Manual Screening Manual candidate screening involves HR professionals reviewing every resume and application, conducting phone screens, and manually sorting candidates based on job requirements. This approach often leads to: •Delayed hiring decisions •Higher operational costs •Inconsistent candidate evaluation

3. •Recruiter fatigue and burnout •Potential bias in selection The cost of manual hiring adds up quickly—not only financially but also in terms of productivity loss and poor candidate experience. Additionally, manual processes are prone to human error, increasing the chances of hiring the wrong candidate, which can be even more expensive in the long run. Automated Screening in Recruitment Software Automated screening is the use of AI and machine learning algorithms to evaluate resumes, assess skills, and match candidates to job roles. Tools like Niyuk’s candidate screening software can: •Instantly analyze thousands of resumes •Match candidates to job criteria using AI models •Conduct video assessments and score candidates •Provide predictive analytics on candidate success •Ensure compliance and reduce unconscious bias By automating the initial stages of recruitment, Niyuk allows recruiters to focus on interviewing and final selections rather than spending days screening resumes. Manual vs. AI Screening: A Quick Comparison Feature Manual Screening 5–10 hours Subjective High AI-Based Screening (Niyuk) <10 minutes Highly consistent Low (bias-mitigated) Time to screen 100 resumes Consistency Bias risk

4. Scalability Cost-effectiveness Limited Low Scalable to 10,000+ resumes High The shift from manual to AI screening can drastically cut down hiring time and reduce the cost-per-hire by up to 50%, depending on the size and frequency of your hiring cycles. Benefits of Automated Assessments One of the standout features of Niyuk’s recruitment software is its automated assessment system. Here are the key benefits: 1. Objective Evaluation Automated assessments evaluate candidates based on predefined parameters, ensuring fairness and accuracy. 2. Time-Saving Instead of conducting multiple rounds of interviews, assessments can filter candidates early in the process. 3. Predictive Success Analytics Niyuk’s AI uses past hiring data to predict the success and tenure of potential hires. 4. Enhanced Candidate Experience Quick responses and automated updates provide a better experience, reducing drop-off rates. 5. Reduced Turnover

5. When candidates are matched better to roles, they stay longer, reducing future recruitment costs. How Niyuk Reduces Your Cost per Hire Using Niyuk’s AI-powered tools, companies can significantly reduce both direct and indirect hiring costs. Here's how: •Faster screening = lower recruiter workload = reduced salary expenses •Higher-quality matches = fewer bad hires = reduced rehiring costs •Automation of repetitive tasks = minimal need for external agencies •Scalable hiring = more candidates evaluated at a fraction of traditional costs Niyuk’s platform helps businesses reduce average cost per hire by automating the most expensive and time-consuming parts of recruitment. Real-World Example Let’s take a mid-sized IT company that hires 50 employees annually. Using manual methods, their average cost per hire is $4,500, leading to an annual spend of $225,000. With Niyuk: •Resume screening time is reduced by 80% •Interview-to-hire ratio improves by 30%

6. •Automated assessments eliminate the need for third-party test platforms After switching to Niyuk, the company’s new cost per hire drops to $2,800, saving $85,000 annually. Final Thoughts In the age of AI, continuing with manual hiring methods is not only outdated but also financially unsustainable. Tools like Niyuk’s candidate screening software are built to optimize recruitment efficiency, cut unnecessary costs, and help HR teams focus on what truly matters—hiring the right talent. If your goal is to lower your cost-per-hire, improve candidate quality, and speed up the recruitment process, Niyuk is the answer. With powerful automated screening, insightful analytics, and intuitive user experience, it transforms the way you hire. Contact Us: https://niyuk.ai/contact-us/