Artificial intelligence is expected to take over 15% of the recruitment process in the next 10 years.
Source: Undercover Recruiter
This does not mean that your job is at risk; it only means that AI will help you automate every manual and mundane recruitment activity, giving you the time to conduct interviews and hire top choice candidates!
What is AI and How it Impacts Recruitment
AI-powered HR tech is automating virtually every task of the recruitment process to help recruiters effectively attract, screen, engage and hire candidates. AI’s ability to analyze big data to screen candidates with the desired knowledge, skills and experience allows recruiters to accomplish much more in less time. Manual resume screening and shortlisting is the most complicated and time-consuming recruitment task, especially when 75% of the resumes received for a role are irrelevant or unqualified.
Fortunately, AI is eliminating all the legwork here by not just assessing resumes but also the applicant’s overall fit more accurately. AI powered applicant tracking systems are accelerating the recruitment workflow and reducing the time to hire. This means you are least likely to lose your potential employees to tech-savvy competitors.
Key Advantages of Using AI for Recruiting
Eliminates Bias and Helps Filter the Right Fit
When screening resumes manually, human intervention always implies an element of bias which may be conscious or subconscious. Biased hiring decisions are a common issue for organizations of every size and scope but with AI, recruiters can rest assured that they hire only the best-of-breed.
AI evaluates the real potential of your prospective candidates while ignoring the candidate’s gender, age, race and ethnicity. This helps the recruiter reduce bias when filtering the right fit from a sea of resumes.
Improves the Quality of Hires
AI divides the entire recruitment cycle into several stages, allowing recruiters to collect, access, share, and evaluate candidate data more effectively and accurately at every stage. AI’s ability to use big data and match your potential candidate’s knowledge, skill set and experience with the job requirements using sophisticated algorithms ensures you end up with ideal candidates.
Top talent is on the market for barely 2 weeks and off the market for at least 2 years. This makes it very clear that time is very valuable for a recruiter. Artificial intelligence uses smart filters to narrow down the talent pool in a jiffy, giving recruiters the freedom to stay focused on the human element in the HR process.
Facilitates Informed Decision Making
Artificial intelligence delivers valuable insights into the candidate’s skill set and knowledge, helping recruiters use their talent in the best possible manner. The accuracy of analytics not only boosts the conversion rate but also increases the recruiter’s productivity even with a high volume of applications.
Applications of Artificial Intelligence to the Recruitment Process
- AI chatbots enable employers to remain accessible and available to candidates who have questions concerning the job requirements, interview updates and feedback. This helps improve the candidate experience and eliminates the possibility of negative reviews even from rejected candidates.
- AI automates administrative and manual recruitment tasks like posting jobs on social platforms, screening candidates, sending emails, scheduling interviews, and converting candidate profiles into a standardized format. This enables recruiters to prioritize the candidate’s profile and personal connection. While AI continues to analyze massive amounts of candidate data and discover patterns that make an ideal candidate, recruiters can devote their time, effort and focus to what matters the most – getting the right fit for the job.
- Video interviews allow recruiters to screen candidates anytime, anywhere and allow candidates to appear for interviews without having to travel to the venue. This speeds up the screening process and helps recruiters fill positions faster by remotely assessing the candidate’s speech, choice of words, facial expressions, communications skills, and also if he/she is a culture fit.
These are just a few of the many applications and advantages of using Artificial intelligence in the recruitment process. If you want to optimize your recruitment process in 2019, Jobsoid’s free trial brings you a perfect opportunity to explore the benefits of AI.