AI & its role in finding talent: Talentor's Global Talent Survey 2024

by Gertraud Eregger in — June 2024
In today's competitive landscape, successful companies rely on global talent to thrive, innovate, and sustain growth. While the urgency to hire aggressively has diminished compared to previous years, top candidates still have the upper hand in selecting their next employer. In this fast-paced environment, efficiency in hiring is paramount - each day without the right person in the role can cost an organization between 30% to 200% of that employee's salary.
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Artificial Intelligence (AI) is emerging as a powerful tool to revolutionize the recruitment process in unprecedented ways. At Talentor International with the initiative and support of our global partners, we've conducted a comprehensive survey involving industry leaders and HR decision-makers from over 30 countries such as Austria, Canada, Chile, Estonia, Germany, Italy, Latvia, Lithuania, Romania, Spain, Ukraine, UK, US, and many more, about how AI is reshaping the hiring practices at companies.

The professionals surveyed provided their perspectives on the tools and the use they make of them in their day-to-day work, the benefits in their workflows, the investment in artificial intelligence in their companies, and much more. Download our Global Talent Survey and discover what they had to say!

Upleveling the game in the recruiting industry

What a relief...82% of the survey participants stated that the role of the recruiter is still needed, even when AI is on the forefront. However, as recruiters and executive searchers, we need to uplevel our game.

Here are the 3 main aspects we need to breathe and live as recruiting company to continue to provide added value to our clients:

  1. Deeper understanding the business of our clients: Ask the questions no one else dares to ask, be a powerful business partner and deeply understand the strategy of your clients, so you can match talents.
  2. Give guidance on AI tools: We’re all experimenting with different tools right now. We’re convinced that everyone of us has played in different AI sandboxes, and as consultants this is our added value to give you as our client guidance on where the future in AI will take us.
  3. Faster, and more specific support for high level roles: The cost of a failed hiring is highest at top level and in leadership roles. Giving fast insights, specific advice and a fast connection to top talents in our markets is THE asset we can give. Especially when times are so constraint as now, and time to hire and cost really matters more than ever.
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As Talentor and with recruiting partners in more than 30+ countries, we understand the challenges companies face in their search for the perfect fit. Our expertise and innovative solutions are designed to streamline recruitment process, ensuring our clients find the right talent quickly and efficiently. By leveraging AI ourselves and our global network of experienced consultants, we can help identify, attract, and retain the best candidates, allowing your organization to maintain its competitive edge.

We surely also recognize the importance of candidates in this equation - they are the leaders of tomorrow, and we are dedicated to supporting professionals in their career journeys. We provide personalized guidance and access to opportunities with some of the world's leading companies. Whether they're looking to advance their career or seeking a new challenge, they can rely on us to achieve their career goals.

That is why we are always looking to be at the forefront of topics such as AI in our industry to provide our clients, candidates, and our teams with the necessary tools to find top talent worldwide!