AI Speeds Hiring by Up to 50%, Pressuring Recruitment Fees and Agency Survival
Updated
Updated · CNBC · Nov 8
AI Speeds Hiring by Up to 50%, Pressuring Recruitment Fees and Agency Survival
3 articles · Updated · CNBC · Nov 8
Summary
37% of nearly 300 U.K. and Ireland recruiters said AI made candidate screening 26% to 50% faster, sharpening client scrutiny of agency fees tied to first-year salaries.
18% of the workweek has been saved on average by talent teams using generative AI, while Adecco said its U.K. tools cut recruitment-process time by about 15%.
2.5 million candidate interactions have already been supported by Adecco's AI agents, but firms say humans still make hiring decisions and increasingly need to prove value through judgment and relationships.
47% turnover growth at VIQU over 18 months shows some agencies see automation as a way to deepen client work, even as one executive predicted only a third of agencies may survive five years.
60% to 70% of staff at large executive-search firms could be displaced, one recruiter said, underscoring how AI may both lower hiring costs and raise the premium on specialist assessment.