How is artificial intelligence changing the recruitment process?

As a quick look at the HR industry can show, more and more companies are integrating artificial intelligence (AI) solutions into their recruitment processes. AI's potential to analyze massive sets of data, detect patterns, and learn over time is the reason for such a level of adoption. With AI, companies can speed up the hiring process by automating parts of it while ensuring a better talent match.

In fact, AI is bringing a real revolution in the way companies search for talent, guaranteeing several benefits for both companies and candidates. Want to know more about them? Read!

What is AI for recruitment?

AI for recruitment is the implementation of AI-based solutions in the process of searching, selecting and hiring candidates for specific roles. Its goal is to automate repetitive tasks that consume a lot of time and resources. The most notable include pre-screening large volumes of candidates and matching certain profiles with specific job openings.

AI-based solutions used for recruiting are trained to analyze candidate resumes and find predefined capabilities that are relevant to the role. Thus, these applications evaluate the level of education, professional experience, skills and even cover letters to determine whether or not a candidate is suitable for a position.

After cross-referencing these criteria with our developers' seniority, skills, performance, and customer reviews, Staffing Hero provides the ideal team for the project in question. And because it's powered by machine learning, the algorithm takes all customer feedback into account, improving your results and providing more accurate results in future scenarios. Ultimately, Staffing Hero is proof of all the good things you can achieve with AI in recruiting: speed, accuracy, and savings in the blink of an eye.

Why use AI in recruitment?

There are many reasons why so many companies are implementing AI into their recruitment processes. The most important benefit is that you can get almost immediate value from an AI-driven candidate sourcing solution as it can quickly transform your recruiting process and elevate its quality. The following benefits add up to this value.

Better quality of hire

Any HR manager knows that quality of hire is one of the most essential KPIs for the sector, as it quantifies the effectiveness of the recruitment process in hiring productive candidates. Fortunately, managers can now rely on AI to improve this metric, as this technology allows them to accurately match candidates with open positions based on previously processed data.

In other words, the AI ​​solution can analyze a candidate's knowledge, skills and experience and compare them with the job requirements to define how suitable the candidate really is. Because the algorithm has prior experience and has been trained to look for these matches, it can provide accurate assessments of each individual candidate. This leads to more successful hiring, which in turn increases productivity and reduces employee turnover.

Reduced time and cost to hire

Traditional HR methods had recruiters manually sifting through resumes to identify the best-suited candidates for the role. Naturally, this took a lot of time and resources and often resulted in recruiters being overwhelmed. Furthermore, moving at a slow pace sometimes meant missing out on good candidates, especially since talented candidates actively looking for work could have received offers from other companies by the time recruiters were able to speak to them.

With AI, you can leave these things behind. A well-trained, AI-driven recruiting solution can automate the repetitive tasks of evaluating resumes and selecting the best candidates. This has a huge impact on the time it takes to hire someone for an open position, as it speeds up the entire process. This, in turn, has an effect on the cost of the entire recruitment process, as it relieves recruiters of hours and hours of manual analysis.

More diverse and inclusive hiring

Today, promoting a more diverse and inclusive workplace is a moral imperative for all companies. However, doing so requires more than just good intentions. A true diversity and inclusion initiative must address the biases inherent in recruitment processes that may have resulted from cultural stereotypes and systemic factors. Fortunately, AI can help with this.

AI relies on datasets for the hiring process, so it's essential to build them from scratch to ensure reliable representation of the population. This can lead to a diverse database that does not take gender, ethnicity, sexual orientation, or appearance into account. However, it is not an exact science, as there are ethical challenges when building AI itself . But being aware of them and developing the most ethical AI solution possible for recruitment can certainly overcome biases and become a tool for bringing diversity to your workplace.

Fully adaptable to remote hiring

The COVID-19 pandemic has completely reshaped our entire world and one of the most notable effects on companies has been the massive adoption of the remote work model. Left with no choice, most companies adopted work-from-home policies to continue during lockdowns and stay-at-home orders. The model has proven successful and is likely here for good, so hiring processes need to adapt to hiring candidates from remote locations.

Better communication with candidates

As anyone who has been through an interview process knows, communication is key. Candidates expect an immediate response after applying for a job, interviewing, and whenever the company makes a decision. Unfortunately, sometimes recruiters are so overwhelmed by manually responding to all candidates that communication suffers.

Implementing AI in your recruitment workflow can help you with this too. This can be done by automating communication at important moments, such as sending emails whenever a candidate applies, a reminder for an upcoming interview, or a communication detailing what happened with the vacancy. This way, recruiters can deliver a superior interview experience, while candidates receive the feedback they need to know what to expect from the process.

The evolution of HR is called AI

Saying that the future of HR is AI is misleading as there are already many AI solutions available that are revolutionizing recruitment processes everywhere. However, it would be naive to think that what you can find now is the definitive version of AI for recruitment. AI, by definition, is constantly evolving, so we can expect more sophisticated recruitment solutions in the near future.

While current solutions can automate many parts of the hiring process, reduce hiring time and cost, and improve workforce diversity, there are many things AI will be able to do in the coming years. In fact, it's easy to imagine AI becoming increasingly sophisticated, to the point of taking over the entire talent acquisition process. While today this may be nothing more than a dream, the current state of AI in recruitment shows that there is a lot this technology can offer the sector.

If you liked this, be sure to check out our other articles on AI.

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