Find out how to significantly cut down hiring costs and increase hiring ROI by making data-backed decisions.
Marketing Manager
Hiring is a critical function for any organization. It's how you build your team, shape your company culture, and drive your business forward.
But with the traditional hiring model where everything is done manually and hiring decisions are typically based on subjective criteria like first impression, intuition, and gut feeling, it can also feel like a gamble. Not only is this approach prone to all forms of bias and poor hiring decisions, it often leaves HR professionals like you crossing your fingers and hoping for the best.
This "guesswork" approach has real consequences. According to the US Department of Labor, a bad hire can cost the company up to 30% of the employee’s first year earnings.
A study by Recruitment and Employment Confederation (REC) also shows that the cost of replacements and fixing the damage caused by a bad hire can cost up to 3 times (300%) of the person’s annual salary. This can be as much as $200,000 for a mid-management professional.
Apart from the financial losses, it is also a drain on team morale, productivity, and time. Relying on intuition can lead to a lack of diversity, as our subconscious biases often steer us towards candidates who are similar to us.
So, how do we move away from this risky business and towards a more reliable, data-driven approach?
Data-driven hiring is the future, and it involves leveraging science-backed skill assessments and real-time data to make informed decisions. When you move beyond resumes and other traditional hiring methods - which rely heavily on self-reported, often exaggerated achievements, often fail to capture a candidate’s true potential, and can lead to bias and costly hiring mistakes - you can gain objective insights into a candidate's actual abilities.
By using a data-driven approach, you measure actual performance through standardized, role-specific assessments and structured interviews.
This approach doesn’t replace human judgment, but rather enhances it with actionable insights that support decision making.
Using a tool like MTestHub, recruiters, hiring managers and other HR professionals can combine initial screening data, assessment data, and interview data to make balanced hiring decisions that improve hire quality and retention rates while reducing time-to-hire and unnecessary hiring costs.
MTestHub is an AI-powered, skill-based, full-funnel hiring automation tool designed to help you make confident hiring decisions every time. It takes the guesswork out of hiring by providing science-backed skill assessments, automated bias-free screening, and real-time insights.
Here are some of the key features that make MTestHub a game-changer for your hiring process:
MTestHub drafts compelling, tailored job briefs that cover the skills you need to help you attract qualified candidates and reduce misalignment from the start.
MTestHub’s AI-powered screener can filter hundreds of resumes in minutes, rank applicants smartly, and flag AI-generated resumes, which slashes the time spent by recruiters on these tasks by over 100%.
After screening, MTestHub shortlists only the most qualified candidates based on knock-out questions or any other vital criteria you set. This ensures that only fitting candidates move forward.
You can easily generate customized, AI-powered assessments for any industry or role in minutes, and rest assured that they’re secure. The platform’s anti-cheat features keeps the integrity of assessments intact.
After assessments and interviews, you get insights on communication and interpersonal skills of each candidate using advanced AI analysis to help you hire without the guesswork.
Once you’re ready to make your decision, MTestHub’s real-time analytics dashboard presents you with with data on each candidate’s performance at each stage (from initial screening to assessments, and finally interviews) to help you and your team make informed, data-backed decisions that will improve your quality of hire and help you boost hiring ROI for your company.
Hiring shouldn't feel like a gamble. It should be a strategic, data-driven process that helps you build a stronger team, faster. By using tools like MTestHub, you can replace uncertainty with confidence, ensuring that every hiring decision is a smart one.
Ready to see how MTestHub can transform your hiring process? Book a demo now to see firsthand how our platform can help you make hiring decisions with data, not guesswork.
Streamlining Recruitment, Assessments, and Exams with AI-driven automation.
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