Summary:
HYDERABAD, India, Dec.
8, 2022 /PRNewswire/ -- A recent study by Oorwin, an AI-enabled ATS and Talent Intelligence Platform, found that the average time companies take to hire a candidate is 32 days.
The study also revealed that the average time to reject a candidate is 16 days.
To calculate the average time, the company used the time from the initial call with the candidate to the final approval or rejection time.
Today, over 1000 Enterprises and Recruitment Firms are using Oorwin to scale up their hiring process.
Out of the millions of applicants tracked on the platform, the study considered a randomized sample set of about 12,200.
Considering the sample set, at a 99% confidence interval, the time to confirm a candidate ranges between 29.8 to 35.6 days, while the time to reject a candidate ranges from 13.8 to 19.4 days.
According to Ravi Daparthi, President & CTO of Oorwin, "The study is a first of its kind and will help recruiters set realistic expectations in terms of time to fill a position.