In order to excel at talent recruitment, time is of the essence. Due to the massive chunks of data created today, it is essential that communication be conducted swiftly. When positions have not been filled up on time, companies have ended up losing money as per a study concluded. Also when aspirants do not receive acknowledgements, it creates wrong perception of the organization. Even if candidate is not finally selected, a mail acknowledging that the CV has been received must be sent. This trend all the more strong with the newer generations of recruits who are now flocking online forums for their needs. Steps in the positive direction have already taken place with STEM hiring in particular doing well using such model.

Source: http://www.forbes.com/sites/meghanbiro/2016/03/04/hurry-up-speed-is-key-to-recruiting-the-best-talent/#3d8ed0804bc2