As we approach 2025, many organizations will have already planned their budgets and strategies. One of the most significant areas to focus on will be the Return on Investment (ROI) for your technology and how you measure success, especially in the age of AI.Â
I’d like to share a few key elements that were part of the conference where I spoke at Talint Partners—I’d like to give a shoutout to the team there for their support.Â
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It all starts with the company objective, which then leads to the team objective and finally your personal objective. It’s essential to set goals for each of those areas using Objectives and Key Results (OKRs), where the key results are defined by specific numbers and metrics.
To assist with this, we have created an EQ AI ROI calculator for any embedded AI tools you may be using. Currently, this tool is designed for screening and sourcing purposes and represents an AI solution that could cost about 20% of an initial recruiter's expenses. With this information, we can guide you on how to compile your data and measure ROI.Â
These estimates not only highlight potential cost savings but also emphasize the time you can allocate to building relationships. Please let us know what you plan to measure in 2025 and how we can assist you.Â
You can find the ROI calculator at the link below, which is directly connected to our website. Additionally, regarding any updates on EQ, we can provide solutions not only with EQ Buddy but also by giving clients the ability to train their own models by leveraging AI.
Tools To Try
EQ.app AI Solutions ROI Calculator
Events
Live Audio:
AI in Recruiting
Thu, Nov 14, 2024, LinkedIn Live
In the News:
Headline: Marc Benioff says it’s ‘crazy talk’ that AI will hurt Salesforce, wants a billion AI agents in a year
Source: TechCrunch
📌 Key Points
Vision for AI Agents: Marc Benioff, CEO of Salesforce, envisions AI agents (automated software bots) as the future of enterprise software. He emphasized that Salesforce’s AI agent platform, Agentforce, is already in use by hundreds of clients, aiming for a goal of deploying a billion agents within a year. The goal is for these agents to handle specific tasks independently, offloading routine tasks from human employees and enhancing productivity.
Real-World Applications: Benioff highlighted examples of AI agents in action. Disney’s virtual tour guides and Gucci’s AI-powered call center agents, as well as healthcare applications for patient follow-ups, illustrate how agents can deliver personalized experiences and operational efficiency across industries. Internally, Salesforce is also deploying agents in customer service and call centers.
Headline: Healthcare Staffing Bill Rates and Industry Consolidation in Focus
Source: Staffing Industry Analysts (SIA)
📌 Key Points
Mismatch in Bill Rates: Healthcare staffing executives at the Healthcare Staffing Summit discussed the gap between the bill rates healthcare systems pay and the compensation clinicians, especially travel nurses, expect. While some health systems show slight willingness to increase specialty rates, overall rate flexibility is limited by financial pressures on healthcare providers.
Impending Industry Consolidation: The healthcare staffing industry is expected to see increased mergers and acquisitions. With margins tightening and operating costs rising, companies unable to align their overhead with lower revenues may consider M&A options. Executives anticipate M&A activity to accelerate in late 2025.
Recruiter Adjustment Post-Covid: Recruiters in the industry are readjusting to pre-pandemic practices. While experienced recruiters are thriving, those who entered during the high-demand Covid-19 era face challenges adapting to a less explosive market. Younger recruits, including Gen Z, show promising adaptability and performance, though some from the pandemic boom period require retraining in long-term client relationship building.
That’s all for this week!
Stay curious, keep exploring, and until next week— keep pushing boundaries with AI in Recruiting!