Hiring rebounded in 2024 (+5.8% YoY) after a steep 2023 decline, but teams remain lean—handling 2.7× more applications with fewer recruiters. Job boards drive most applications (49%) but only 25% of hires; sourcing is 5× more efficient. Rediscovered candidates now make up 44% of hires. Passthrough rates fell across the funnel, and the average time to hire rose to 41 days. Women and underrepresented groups see varied success by stage. Gem's AI-powered platform helps teams streamline workflows, reduce costs, and optimize hiring efficiency in a competitive, high-volume market.

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