Advanced technologies drive 38% faster time to
fill, 42% quicker time to hire and 46% more qualified
applicants
The Hackett Group, Inc. (NASDAQ: HCKT) has released its latest
Digital World Class® Matrix focusing on the talent acquisition (TA)
software marketplace. The report examines how rapid automation and
generative artificial intelligence (Gen AI) advances affect
recruiting outcomes and reveals leading vendors.
Human resources (HR) organizations are frequently challenged to
do more with less; the recruiting function is no exception. Talent
acquisition professionals must sift through massive candidate pools
for their open roles. They must find the right fit while delivering
a great user experience for candidates and hiring managers. To
achieve this, HR groups are using advanced automation and AI to
reduce redundant tasks and increase efficiencies. As a result,
recruiters can act more strategically to find talent who will
propel the organization forward in terms of higher quality
candidates, workforce evolution and upskilling.
The Talent Acquisition Digital World Class Matrix™ provides an
in-depth guide to some of the biggest talent acquisition technology
providers and how their solutions impact companies’ operations,
recruiting effectiveness, and ultimately the success of the
workforce. The report evaluated 15 providers for their capabilities
and value delivered to clients based on vendor briefings and
extensive customer interviews across 29 different criteria.
Capability ratings assess a vendor’s capacity to provide talent
acquisition solutions across critical operational areas. These
include candidate experience, recruiter experience, candidate
relationship management, internal mobility, recruitment marketing,
interview solutions, candidate assessment, onboarding and
analytics, in addition to core platform functionalities such as
user interface quality, data integration, and platform
structure.
Value realization ratings assess a vendor’s impact across key
metrics for TA performance, including time to fill, time to hire,
qualified applicant improvement, cost per hire, internal mobility
adoption, quality of hire, candidate diversity, customer service,
pace of innovation, implementation experience, automation and
integration, and overall satisfaction and business value to the
organization.
Adopters of advanced TA technologies are realizing the benefits
across these critical metrics. End users report an average 38%
improvement in time to fill, 42% improvement in time to hire and
46% increase in qualified applicants entering the talent pool.
Leading TA vendors continue to push the envelope in developing
new technologies to reduce recruiter workloads and provide greater
insights for the broader talent management function. End users are
starting to more openly adopt AI applications to improve their
recruiting outcomes. Top use cases identified include intelligent
automation, content generation and collaboration capabilities.
Other AI applications are still nascent in their TA journey but
have tremendous potential once they are fully embraced and used
properly. These include advanced interview solutions with Gen AI
question prompts and predictive analytics that significantly
advance strategic workforce strategies. The introduction of agentic
AI is of particular interest, providing a significant leap in
AI-powered automation. Agents can make multiple decisions and
actions independently, dramatically reducing administrative
workloads for recruiters. Agentic AI started being more broadly
introduced in the HR function in the fall of 2024.
“The year-over-year evolution of AI applications within the
talent acquisition space is moving at breakneck speed,” said
Matthew Merker, senior research director for Human Capital
Management Market Intelligence at The Hackett Group. “Early
adopters of these applications are realizing significant
improvements in critical metrics such as time to fill and cost per
hire. Coupled with advances in candidate relationship management
and candidate experience, AI applications are a game-changer for
organizations seeking to attract and retain the best talent to
drive their businesses forward.”
By using this comprehensive analysis, HR professionals can make
informed purchasing decisions aligned with the strategic priorities
and critical metrics they seek to impact in talent acquisition
outcomes.
TA Digital World Class® assessments are part of The Hackett
Group’s full 68-page report. The TA Digital World Class®
assessments should be read in the context of the entire report. A
28-page summary is also available complimentary with registration:
https://go.poweredbyhackett.com/dmtasr2501nr. Inquiries about
purchasing the full research report can be made by visiting our
Market Intelligence Service webpage at
https://go.poweredbyhackett.com/dmtafl2501nr.
The Hackett Group does not endorse any participant, vendor,
product or service depicted in its research. This research should
not be considered as advice that a buyer select only those
participants based on their ranking or position on the Hackett
Digital World Class Matrix™. You should not rely upon any material
or information within this research as a basis for making any
business, legal, financial or any other decisions. Any such
reliance shall be solely at buyer’s risk. The Hackett Group
research publications consist of the opinions of its research
organization and should not be interpreted as factual statements.
To the fullest extent permitted by law, The Hackett Group disclaims
all warranties, expressed or implied, with respect to this
research, including any warranties of merchantability, suitability
or fitness for a particular purpose. The information contained in
this research is provided on an “as-is” basis with no guarantees of
completeness, accuracy, usefulness or timeliness. The Hackett Group
assumes no responsibility or liability for damages of any kind
arising from any information, data, content, materials, or
references within its research, including but not limited to
direct, indirect, incidental, consequential, special, and punitive
damages.
About The Hackett Group
The Hackett Group, Inc. (NASDAQ: HCKT) is an IP and
platform-based, Gen AI strategic consulting and executive advisory
firm that enables Digital World Class® performance. Using AI XPLR™
and ZBrain™ – our ideation through implementation platforms – our
experienced professionals help organizations realize the power of
Gen AI and achieve quantifiable, breakthrough results, allowing us
to be key architects of their Gen AI journey.
Our expertise is grounded in unparalleled best practices
insights from benchmarking the world’s leading businesses –
including 97% of the Dow Jones Industrials, 89% of the Fortune 100,
70% of the DAX 40 and 55% of the FTSE 100.
For more information on The Hackett Group, visit:
https://www.thehackettgroup.com/ or email
media@thehackettgroup.com.
Trademarks
The Hackett Group®, quadrant logo, and Digital World Class® are
the registered marks of The Hackett Group®.
Cautionary Statement Regarding “Forward-Looking” Statements
This release contains “forward-looking” statements within the
meaning of Section 27A of the Securities Act of 1933 as amended and
Section 21E of the Securities Exchange Act of 1934, as amended.
Statements including without limitation, words such as “expects,”
“anticipates,” “intends,” “plans,” “believes,” “seeks,”
“estimates,” or other similar phrases or variations of such words
or similar expressions indicating, present or future anticipated or
expected occurrences or outcomes are intended to identify such
forward-looking statements. Forward-looking statements are not
statements of historical fact and involve known and unknown risks,
uncertainties and other factors that may cause the Company’s actual
results, performance or achievements to be materially different
from the results, performance or achievements expressed or implied
by the forward-looking statements. Factors that may impact such
forward-looking statements include without limitation, the ability
of The Hackett Group to effectively market its digital
transformation, our ability to transition our capabilities to
support generative artificial intelligence (AI)-related consulting
services and solutions and other consulting services, our ability
to effectively integrate acquisitions, including the LeewayHertz
acquisition into our operations, our ability to manage joint
ventures and successfully cooperate with our joint venture
partners, competition from other consulting and technology
companies that may have or develop in the future, similar
offerings, the commercial viability of The Hackett Group and its
services as well as other risk detailed in The Hackett Group’s
reports filed with the United States Securities and Exchange
Commission. The Hackett Group does not undertake any duty to update
this release or any forward-looking statements contained
herein.
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