You're doing it wrong if you're considering "thousands" of applicants.
First of all ask your current good employees if they can refer anyone.
If you need to go to resumes, sort by qualifications. Screen out obvious robo-applications, you know them when you see them just like you know spam email from the subject line alone.
Hint: if you're an insurance or financial services company in Chicago and getting applications from people with a degree from Stanford and 10 years of amazing experience at FAANG companies, they are fakes.
Hire the first candidate that has acceptable experience and interviews well. Check their references, but you don't need to consider hundreds or even dozens of people. Most people are average and that's who you're most likely going to hire no matter what you do.
Your job is also nothing very special. Have some humility. Very few companies need to be hiring the top 1% type of person, and your company is almost certainly of no interest to those people anyway.