How Artificial Intelligence Is Transforming Recruiting Today
If you’re an employer, then you know that the talent acquisition process can be a real challenge. You need to find the best candidates, and then screen them to make sure they’re a good fit for your company. But what if there was a way to make the process easier? Thanks to artificial intelligence, that’s now possible. AI recruiting software tools with machine learning technology can help you find the best candidates, and then even facilitate the screening and hiring process. So how is AI technology changing recruiting today? Keep reading to find out!
Artificial Intelligence (AI) is one state-of-the-art tech innovation transforming our world rapidly today, including tools like ChatGPT. Almost every primary industry is seeing positive changes with AI. Talent acquisition is no different!
Per one recent survey, 35% of talent acquisition leaders and hiring managers reported that artificial intelligence is already impacting the hiring process at their company.
AI has become nothing less than a facilitator streamlining recruiting as this technology is well equipped to get you the right talent for your company. AI-enabled recruiting automation allows hiring managers to practice bias control. The rich troves of data that AI helps extract from your hiring funnel can also empower you to make intelligent hiring decisions.
But that’s not all this progressive technology solution has under its umbrella! Keep reading to discover a few other advantages of artificial intelligence in recruitment.
1. Candidate and Resume Screening
Use artificial intelligence recruiting as a powerful resume screening technology
Per Forbes, around 250 resumesare received on average for each online job posting. However, this number can go up to nearly 3,000,000 on an annual basis in the case of corporate giants like Google and Microsoft.
The number of candidates shortlisted for interviews is much lower than the number of applications received. AI technology proves to be quite advantageous when segregating the vast number of applications companies receive during each hiring drive.
AI-powered recruiting uses algorithms to locate specific keywords in an applicant’s resume, thus helping hiring managers in intelligent candidate screening. Furthermore, integrating AI with your company’s Application Tracking System (ATS) can help match candidates with the job opening based on their existing skills.
Now, we all know that the recruitment process isn’t just limited to finding the right candidate but also includes building a team that matches the company’s cultural requirements. Hence, diversity, equity, and inclusion (DEI) are essential aspects of the recruitment process.
The usage of AI in recruiting helps mitigate equity and discrimination problems within the workplace. The hiring process becomes considerably fair, and biases get mitigated by focusing on candidates’ skills and experience.
2. Candidate Engagement
Use artificial intelligence recruiting to increase the engagement of passive candidates
Candidate engagement forms an essential part of your hiring process. When you incorporate steps to nurture potential hires within your hiring pipeline, your chances of landing the best ones increase by manifolds.
One research whitepaper states, “We’re facing a strategic imperative to embrace Continuous Candidate Engagement, and companies that don’t adapt will be left behind.”
Employers can successfully leverage AI-powered recruiting software to boost candidate engagement.
Hiring managers can utilize AI-powered applications such as chatbots to conduct interviews or screen applicants.
Chatbots are pretty effective in:
- Providing immediate replies to queries or inquiries
- Analyzing answers and asking in-depth questions
- It can be customized to be the brand and voice of the company
- Assisting continuously throughout the application process
- Eliminating personal biases or social performance during the interview processes
- Scheduling interviews for the appropriate talent pool
Apart from chatbots, you can use other applications of AI such as Natural Language Processing (NLP) to gather data and scrutinize it across numerous stages of the hiring process. Furthermore, you can also use AI to monitor videos and images, followed by analyzing the body and facial expressions. These hiring data can then boost candidate engagement by connecting with them on a personal, one-to-one basis.
Opinion Mining or Sentiment Analysis are other features of AI technology that you can use to scrutinize texts and gather candidate opinions. HR managers can use these to study a suitable applicant’s behavior based on their social networks and mold their hiring conversations to attract and retain them accordingly.
3. Evaluation of Candidates
Use artificial intelligence recruiting to power through the pre-interview selection process
Artificial intelligence applications speed up evaluating candidates during the interview process against a job description. Pre-screening tests remove biases, thus significantly reducing the chances of neglecting a well-qualified candidate.
Moreover, pre-screening interviews can be shared with hiring teams, allowing them to ensure that transparency is maintained on the company’s part during interviews.
AI recruiting tools help check candidates’ personalities through games or short questions to measure emotional and cognitive traits and how applicants approach a specific issue. Some of these characteristics are:
- Openness to experience
These traits help predict an individual’s performance at work and how a candidate organizes, collaborates, and asserts innovations or ideas.
4. Remote Recruiting Process
Use artificial intelligence recruiting to facilitate virtual hiring or “hire from anywhere” initiatives
While the corporate sector rapidly shifted towards remote work in the last two years because of the ongoing COVID-19 pandemic, recruiters and candidates have started preparing for a technology-driven hiring procedure soon.
Video interviews have emerged as a popular choice for remote hiring as they save time and help hiring managers cast a wider net in their search for talent. You can also attract passive candidates with ease through this method.
By leveraging the power of AI instead of video conferencing, HR managers can make intelligent decisions and build robust conversations with the applicants during hiring. This gives your business a competitive advantage over others in the market.
Moreover, the one-way video’s self-introduction feature is advantageous to hiring managers in assessing an applicant’s basic requirements. Recruiters can then evaluate these videos through AI to shortlist candidates.
Artificial intelligence can easily detect facial features, eye gaze, head poses, and emotions to keep away imposters during remote interview processes, making remote recruitment more efficient.
Start Using Recruiting Artificial Intelligence Today
The examples illustrated above depict only a few ways in which recruitment intelligence-backed technologies such as AI and machine learning are transforming the hiring landscape. There’s much more in store for HR and recruiting teams on this front in the coming years.
If you’re looking for a way to recruit better-qualified candidates and make the talent acquisition process easier, then you should consider using an AI recruiting tool. These tools have machine learning technology that can help you find the best candidates, and they’re becoming more and more popular with employers. So if you’re feeling overwhelmed by the process, or just want to save some time, consider using an AI recruiting tool. Have you tried one yet?
To know more about how AI and other tech innovations can help mitigate your recruitment costs, build robust talent management pipelines for your company to accelerate your hiring efforts, and streamline your recruitment process in general, contact us at Recruiter.com today!
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