Warsaw, Poland (July 20, 2023) – IntRec, a leading provider of innovative recruitment solutions, is pleased to announce its groundbreaking use of Artificial Intelligence (AI) technology to introduce objectivity and mitigate human bias in the recruitment process. Recognizing the inherent challenges of human bias in decision-making, IntRec’s AI-powered solutions offer a more objective assessment by focusing on relevant data that is not influenced by subjective factors such as appearance or body language.
According to a report published by Facts & Factors, the global AI recruitment market is projected to reach USD 890.51 million by 2028, with a compound annual growth rate (CAGR) of approximately 6.5% during the forecast period. This significant market growth highlights the increasing demand for AI technology in the recruitment industry, driven by the need to streamline processes, improve candidate quality, and enhance decision-making.
IntRec’s AI recruitment technology revolutionizes the hiring process by automating the recruitment process and providing an unbiased evaluation. By simulating human evaluation methods, the technology assigns a score to each applicant, ensuring fair and consistent assessments. This automation saves valuable time for recruiters, particularly in large organizations with numerous open positions, enabling them to focus on strategic decision-making and candidate engagement.
Key Insights from IntRec’s analysis of the global AI recruitment market include:
• The market is projected to grow at a CAGR of 6.5% during the forecast period.
• The global AI recruitment market size was valued at approximately USD 610.3 million in 2021 and is expected to reach USD 890.51 million by 2028.
• The demand for automated processes in recruitment and the need to improve recruitment process quality are major growth drivers.
• Services category dominated the market in 2022, emphasizing the growing need for technological infrastructure and resource development.
• Process automation, incorporating AI with new technologies, dominated the market in 2022, leading to reduced human error and improved consistency in the recruiting process.
While AI technology offers immense benefits, IntRec acknowledges the importance of human interaction in the recruitment process. We understand that many applicants prefer human communication during the final selection process. Therefore, our AI solutions are designed to supplement and assist human decision-making, not replace it.
One of the challenges faced by the AI recruitment industry is the low awareness and adoption of AI recruitment tools, particularly in small-to-medium enterprises. IntRec aims to address this challenge by promoting awareness of the benefits and functions of AI recruitment software across different regions and industries.
IntRec’s AI recruitment market segmentation includes end-users such as retail & e-commerce, banking, financial services & insurance, healthcare, hospitality, energy, government, enterprise, and manufacturing. The products are classified as solutions and services, with services dominating the market due to increased demand for technological infrastructure and resource development. The applications include process automation, campaigning, and candidate screening, with process automation leading the market in 2022.
As an industry leader, IntRec is committed to advancing the recruitment process through the ethical and responsible use of AI technology. By leveraging AI to mitigate bias and enhance objectivity, IntRec is revolutionizing the way organizations identify talent and make fair judgments.
For more information about IntRec’s AI-powered recruitment solutions and to explore emerging opportunities in the AI recruitment market, please visit http://www.intrec.io/ or contact us at info@intrec.io.
About IntRec:
IntRec is a leading provider of innovative recruitment solutions, leveraging AI technology to streamline processes, improve candidate quality, and enhance decision-making. With a commitment to objectivity and mitigating human bias, IntRec revolutionizes the recruitment industry by combining AI expertise with a deep understanding of human interaction. As a trusted partner, IntRec helps organizations make fair and informed hiring decisions.
Media Contact:
IntRec
Phone: + 1 (307) 274-4373
Email: info@intrec.io
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