Today, Artificial Intelligence in the recruitment process looks so promising. Artificial Intelligence is one of the continuously evolving technologies gaining immense popularity every year. AI technology has automated almost every industry vertical as it can analyze large amounts of data and can quickly estimate the best possible outcomes. Since every industry is leveraging AI into its services, the recruitment firms are no left behind. AI in recruitment ensures smart, efficient and data-driven recruitment. It automates the hiring process and performs a deep analysis of job descriptions, auto screening of the resumes and scheduling the video interviews. Moreover, AI-based solutions have a higher level of accuracy in comparison to human recruiters; it only requires a few seconds to analyze a large amount of data.
The involvement of AI in the recruitment process has accelerated the recruitment lifecycle. It has reduced the candidate sourcing cycle time by 40-80% and has allowed the HR professionals to strategize candidate engagement policies.
Why AI in recruitment?
According to resources, AI technology is expected to take over 20% of the recruitment process in the next 10 years.
The reasons why AI is required in recruitment are listed below:
AI can help in finding the qualified and skilled candidates at the right time, AI-enabled solutions consistently monitor huge databases of the candidates and identify the patterns that signify a candidate’s willingness for a new opportunity.
AI solutions increase the recruiters’ response time. Communication channels like emails and texts can be automated with the AI technology giving recruiters sufficient time to interact with the candidates.
Unlike humans, AI doesn’t believe in biased hiring. With the special programming algorithms, AI solutions reduce biasing, assisting in the identification of the deserving and qualified candidates which sometimes is missed by humans.
How Artificial Intelligence is revolutionizing recruitment?
AI has simplified the traditional recruitment process and has changed the way human resources used to operation hiring candidates. Intelligent Screening Software’s are introduced that save recruiters time in the shortlisting process of the candidate. It offers less IT support and provides real-time interaction with the candidates through chatbots. With the online interview software, it has become easy for the recruiters to understand who to shortlist for further rounds. According to IBM, artificial technology can predict with 95% accuracy which employees are about to quit their respective jobs. It takes the feedback from employees including the reason for leaving, area of improvement, ready for rejoining in the future, etc which help the recruiters in defining effective employee retention methods.
Benefits of Using AI in Recruitment
Improved Quality Hiring
Artificial Intelligence based solutions improve the quality of hire. The technology analyzes the hiring patters of a particular organization and helps in identifying the best suitable candidates who would immediately join the company as well.
Less Time to Hire
AI-based solutions require a few seconds to analyze the amount of information and revert with effective outputs which can be considered in finalizing the hiring decision.
Improved Performance of the Hiring Teams
Software like ATS (Application Tracking System) helps in achieving automation in the recruiting process. ATS stores the candidate’s resumes systematically over the cloud where it is easy to maintain and search through the candidate’s database. It also helps in managing and optimizing the recruitment lifecycle. AI in ATS helps in boosting the overall performance of the hiring teams.
By amalgamating technological abilities with thoughtfully crafted experiences, recruitment process outsourcing partners are the most relevant resource to help businesses shape their path in the world. Vanator is a leading RPO service provider that uses expert virtual recruiters and AI recruiting technology to increase business efficiency while reducing costs and scaling hiring initiatives. Interested in hearing from recruitment technology professionals on upcoming talent acquisition technology innovations? Contact us.