How AI Driven Recruitment Reduces Time-to-Hire by 50%

Learn how InterviewPanel's AI recruitment solutions cut hiring time in half. Discover proven strategies for faster, smarter hiring.

Published by: The InterviewPanel Expert Team | Last Updated: June 2025

The Time-to-Hire Crisis: Why Speed Matters More Than Ever

Every day your critical position remains unfilled, costs your organization an average of INR 5K-10K in lost productivity. For senior roles, this figure can exceed INR 20K daily. As a recruitment firm using AI to reduce time to hire, InterviewPanel has helped over 20 companies slash their hiring timelines while maintaining—and often improving—candidate quality.

Our founding team's experience managing large teams has taught us that the right candidate is always out there – the trick is in expediting the journey to him/her. Traditional recruitment processes average 60 days for most roles; our AI-enhanced approach averages 2 weeks.

Speed and Efficiency in Hiring

The Science Behind AI-Accelerated Hiring

Phase 1: Intelligent Candidate Sourcing (Days 1-3) Our proprietary AI algorithms source more than 500 profiles/role from multiple job-boards, to give you a head-start by casting your recruitment net as wide as possible. We believe that if you are trying to find a diamond in the rough, it is best to start with as big a mine as possible.

Key Metrics:

• 15X faster resume collection

• 100% candidate coverage. If a candidate is available on any job-board, we will find him/her.

Phase 2: AI-Enhanced Screening (Days 4-7) This is where we start looking winnowing down the large list to the candidates most suitable for your role. However, unlike a human who will look at 20 resumes at best, our algorithms look at 1000 candidates if need be. So if your hero-candidate is resume number 779, we will find him.

Also, we don’t just do a keyword match. Our AI-system scores a candidate across 14 parameters including quality of education to quality of companies worked at to awards received to impact delivered. If there is something outstanding about a candidate we will give him full credit for it. This ensure that you quickly get to see the best of all candidates out there.

Key Metrics:

·      10X candidates evaluated Vs manual hiring

·      14-parameter evaluation of each candidate to derive a composite score.

Phase 3: Bot Interview Validation (Days 8-12) All of us are familiar with the candidate who looked stellar on paper but was a dud in person. That is a wastage of your time. So our system does screening calls with the candidates to be sure that what is on paper is also there in person. So when we put a candidate in front of you, you get a very high interview conversion rates.

Key Metrics:

·      70% interview conversion rate vs 20% conversion rate BAU

·      Bias free evaluation

The Competitive Advantage of Speed

Companies that hire using our AI can move 6X faster than those still doing manual hiring. As a result, our customers are able to roll out offers while others are still scheduling interviews. With us you are 3.5x more likely to secure top-tier candidates

Ready to transform your hiring speed?

Visit InterviewPanel and get in touch!.