A company’s attrition rate is the rate at which people leave. To calculate it, we divide the number of people who have left the company, by the average number of employees over a period of time. Early attrition is the % of people who leave within a specific period of time.

Cash crunches, market share fluctuations, redundancies, and plummeting demand for products as a result of the COVID-19 outbreak became a deadly cocktail for the global markets. So, how does hiring during a recession or potential economic downturn actually work for recruiters?

It’s the new age of digital-savvy, where 79% of the candidates use social media to find a job.

Over 13 million workers quit their jobs in the first quarter of 2022 at approximately 3 percent of the total workforce every month, according to the US bureau of Labor. What this means is that a lot of people are trigger-happy to leave their employers for better opportunities.

Many HR terms are often thrown around interchangeably—especially the buzzwords sourcing and recruiting.

"Nightmare"

If you start looking for a candidate only when an open position pops up, you’ll end up spending more money and time for the right hire.

The hiring process includes a lot of stages, such as writing the job descriptions, posting on the job portals, shortlisting profiles, and much more, and the actual interview by the hiring manager is just one of them. But if the hiring managers are not well prepared to handle the interviewing stage, all your efforts as the talent acquisition specialist might end up being futile.

The attrition has hiked by 20%, and the recruiting cost per position is over $4000.

Candidates that have an unpleasant interview experience are unlikely to take up your offer if selected, even if the job offer is a great one. And even if they do accept your job offer and become your employees, they are far more likely to carry the memory of a poor interview experience for a while. This will have an adverse impact on their commitment and performance levels as well.

It’s challenging to find and attract the right talent, consuming about 36 days of the recruiter’s work-life.

From detecting fraud at the resume review stage to the interview process, RippleHire has cracked the way to help companies & candidates save themselves from the pain of recruitment fraud through technology.

If you think employee referral fraud happens to only others, you might be in line to lose over 5% of your annual revenue.

What is an ATS?

Starting out as a category leader in the employee referral space, deep consumer insight gave talent acquisition platform RippleHire a leg up over giants like Oracle & SAP. CEO & Founder, Sudarsan Ravi talks about growing 100% plus by setting up their customers for success.

What would you think would build a successful company?

A poorly written job description can cost you more than $37,000.

We all got used to the concept of remote hiring and remote working ever since the start of the pandemic a couple of years ago. All modes of hiring happened through video conferences, and at times over simple phone calls or even emails and chat.

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