6 Types of Hiring Solutions: Understanding Your Options in Today's Broken Recruitment Market

A comprehensive analysis of hiring methods in 2025 - what works, what doesn't, and why the entire industry needs a reset

By Hire Virtuals


📊 The Current State of Recruitment: By the Numbers

The recruitment industry is experiencing unprecedented challenges in 2025. Before diving into your options, let's examine what's actually happening in the hiring landscape:

The Talent Crisis Reality

🔎 Global talent shortage ****is expected to reach 85.2 million by 2030 (Korn Ferry, 2023)

🔎 69% of employers struggle to find qualified candidates for open positions (LinkedIn, 2022)

🔎 65% of employers cite 'lack of skilled candidates' as their top hiring challenge in 2024

🔎 Average time to hire - 4.6 weeks (down from 5.1 weeks, but still lengthy)

The Cost Reality

💲 Average cost per hire in 2023: over $4,700 with additional costs if re-hiring is necessary

💲 Harvard Business Review reports organizations waste $25,000 per year on bad hires

💲 Time-to-hire average: 36 days in the US, with each additional day costing $5,000 in lost productivity

The Quality Problem

➡️ In a CareerBuilder survey, 58% ****of hiring managers found candidates had lied on their resume

➡️ Only 27% of talent professionals are using or experimenting with AI despite its potential benefits