Since the emergence of ATS, the recruiters across the globe have leveraged technology to make their jobs easier, faster, and better. Today, AI for recruiting process is playing a dominant role in the ever-evolving space of HR technology.
This is how artificial intelligence can help companies to recruit top talent.
1. Automate high-volume time-consuming and repetitive tasks
Screening resumes remain the biggest challenge in talent acquisition. A survey reveals that 75% to 88% of the resumes received for an open role are unqualified. And the process of screening, shortlisting, and scheduling interviews with candidates takes 23 hours of the recruiter’s time for each hire.
Automating the candidate screening and interview scheduling process can save significant time and resources. AI can seamlessly sync with your existing recruiting protocol without disrupting your workflow and successfully automate time-consuming and repetitive tasks such as candidate screening resumes and scheduling interviews with candidates.
2. Improve the quality of hire
Earlier, the quality of hire used to be easily affected due to a lack of data. But now, because of the advances in HR technology, it is easy to collect, access, and analyze data.
AI improves the quality of hire by using the data to standardize the match between candidates’ knowledge, experience, and skills, and the requirements of the job. The improved job match helps in hiring productive employees who are less likely to quit.
Companies who have already adopted AI-powered hiring software have reported a 75% decrease in cost per hire, a 4% increase in revenue per employee, and a 35% decrease in employee turnover.
3. Provide advanced data analytics and recruitment automation
Traditional recruitment relied more on luck and intuition than science. This older model is very time-consuming and inaccurate.
But today, the recruitment process is AI-powered and more data-driven. This newer model of recruiting not only improves the quality of hire but also helps you allocate your funds better and build effective hiring funnels.
4. Predict employee success
It seems highly unlikely to predict someone’s performance before you even hire them. But AI can do it for you. AI can establish certain skills and backgrounds of employees, who are successful in a particular role and then look for candidates with similar skills and backgrounds. It can identify educational background, certain qualifications, work experience, and other factors and recommend candidates that emulate the top performers at your organization.
5. Boost candidate engagement
Artificial intelligence in recruitment can significantly improve candidate engagement through improved communication between candidates and employers. AI can provide candidates with feedback, updates, guidance, and even answer their queries in real-time. This attribute of AI has a significant impact on the candidate experience.
The main benefit of AI in recruitment is that it saves time and resources. The time and resources saved can be used in solving more complex issues that require human intervention, creativity, and emotions – the traits which AI cannot emulate – not as yet.
Kelly Barcelos is a progressive digital marketing manager for Jobsoid – Applicant Tracking System. She is responsible for leading the content and social media teams at work. Her expertise and experience in the field of HR enables her to create value-driven content for her readers – both on Jobsoid’s blog and other guest blogs where she publishes content regularly.