Startmate wraps up with our Demo Day pitch in front of 1,547 people at the Sydney State Theatre. It was a fantastic opportunity to share the traction we have had in the last 12 weeks, and to bring to light the problem that talent professionals and hiring managers are facing in 2024.
My pitched touched on the following stats:
- Application volume is up 3x according to Trends report by Asbhy, with business & technical roles receiving well over 50 applicants, and other industries well into the 100s.
- This is driven by macro factors leading to more candidate in the market and by the proliferation of technology & AI making it easier for candidates to apply, meaning only 1 in 20 get an interview.
- Cost per hire in Australia & NZ is $20,000 according to 2024 Industry Benchmark Report
- Average time to hire is 29 days according to the 2023 State of Recruitment Report
- Our solution to cut screening costs from $180 to just $1 per applicant.
Check out the video below
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