In the recruitment technology process, AI has been strengthening its position for a few years now. AI for recruiting reduces the manual interference of shortlisting, selecting and appointing or even remove the candidate from the selection process.
The technology can consist with the use of video interviewing tools, Chatbot or a software that acts like a mediatory between the candidate and the recruiter.
According to a study by Harvard Business Review, it was found that 44% of businesses incorporate AI into their IT functions, and 19% use AI to predict their customers’ future purchases and present them with suitable offers. According to Ideal, 96% of senior HR professionals consider that AI can highly leverage talent acquisition and retention.
How AI can help recruiters?
- In Posting Jobs: AI can use programmatic advertising technique which gives the user the ability to place highly targeted ads in front of the targeted audience based on their browsing history, online activity, and cookies. Cookies can be used to track candidates who visit career pages, allowing us to compile records of what other pages they’re browsing and what type of jobs they’re looking for.
- Sourcing candidates: AI, in the form of machine learning, sources, and qualifies candidates online in resume databases such as CareerBuilder, Indeed and Monster for recruiters to follow-up with. The process often uses Sentiment analysis which comprises of the use of natural language processing, text analysis, computational linguistics, and biometrics to systematically identify, extract, quantify, subjective information. It can also help recruiters in creating job descriptions with keywords that attract a more diverse candidate pool.
- Resume screening: Manually screening resumes is a fairly tedious task, however, by using the machine learning ability AI screening can be automated by learning what existing employees’ skills and qualifications are. By assigning certain rules and triggers, conversations related to specific hiring or job queries and receive instant answers can be automated.
- Messaging and data collection: Chatbots that use natural language processing to collect data from candidates, in form of screening questions, chat responses, answer FAQs about the job, and schedule an interview. Information from a candidate collected by the chatbots is then fed into a job portal/s or sent directly to a human recruiter to follow up with the candidate. This process reduces the need to respond to emails, phone calls, and text messages without compromising on candidate experience.
If recruiters and companies can learn to pair themselves with a specific AI, they can train it to understand a particular corporate mission and culture, so that recruiters feel like they leverage these chatbots and other similar technology as extensions of their teams.
Benefits of using artificial intelligence (AI) in recruitment
- The quality of hiring increases
- Better integration of analytics
- Automation saves time
- Unbiased decisions
- Cost effective hiring
How AI In Recruitment Shaping Up?
AI is playing important role at sourcing, screening stages. As per 2017 Deloitte report, 33% of survey respondents already use some form of AI in the hiring process to save time and reduce human bias.
AI for resume screening is already making its mark in the recruitment process. Manual screening of resumes consumes 70% of recruiter’s time where as AI resume screening does it in matter of few seconds. It also eliminates the unconscious bias in recruitment.
The Happy Monk Video Interview Platform uses AI to conduct interviews without recruiter’s intervention, thus enables to conduct bulk interviews in a short span of time and automate initial cycles of hiring
Many organizations have already started working on implementing AI in recruitment process. 40% of the companies participated in Deloitte survey believed AI is the future of work. Companies are also investing into AI technologies to improve employee engagement.
If your organization is still using conventional methods for hiring then its time to move now. Better late than never!!
