How AI is driving the future of talent acquisition.

Aug 23, 2023 |
Tech |
Views: 305 |

Reading Time:

The COVID-19 pandemic has transformed how we work and how companies hire talent. Talent acquisition has always been a complex and time-consuming process with many obstacles.

The HR departments of major companies have always struggled to find, hire, and retain top talent. This isn’t new, and the pandemic has worsened these long-standing problems due to remote work, people reconsidering their personal life choices, and the “great resignation” phenomenon.

However, there is good news for HR teams, as AI technology has been increasingly used to improve talent acquisition and other HR processes. You may not be aware, but even before the pandemic hit and took its toll—talent marketplace vendors have been experimenting with AI and developed “smart” deep-learning platforms to support their recruitment processes.

Today, AI is increasingly used for employee sourcing, screening, and hiring. In fact, 43% of human resources professionals leverage AI in their hiring processes.

HR managers are increasingly using AI to locate and evaluate candidates, hold interviews, and assess skills that match the company’s requirements. This has saved time, fewer errors, accurate hires, and better use of resources. AI is also used in employee management activities such as performance monitoring and recognition systems.

In this article, we will examine how AI is changing the recruitment process.

What is AI for recruitment?

AI for recruitment refers to using artificial intelligence technology in the recruitment process. It enables hiring managers to leverage the power of data to make better hiring decisions. Using AI during recruiting has automated and dramatically simplified the hiring processes.

AI can help find and evaluate potential candidates, assess their suitability, predict their success in a particular role, and provide insights into whether they fit the company culture. Furthermore, recruiters can use AI to save time and effort, save resources, improve candidate matches, and reduce biases.

How to leverage AI for talent acquisitions

Using AI in the talent acquisition process will increase the accuracy, efficiency, and effectiveness in identifying, attracting, and retaining the best talent for organizations.

Below is how AI can benefit the recruitment process.

Job descriptions and postings

There is a possibility that some hiring managers won’t be adequately experienced in all the ins and outs of preparing job descriptions. They may not know the best keywords to attract the most qualified candidates or unintentionally use terms that might prefer one gender over another.

AI technology can help by reviewing the job description and suggesting alternative language choices assisting recruiters to improve the reach and effectiveness of their job postings.

For example, if a recruiter prepares a job description for accountants, they may unintentionally use language biased towards male applicants. However, with AI, recruiters don’t need to sweat over this issue.

AI can also help recruiters generate five times faster job postings. According to CareerBuilder, the company claims its AI technology evaluates each vacancy post and awards a candidate appeal score, which allows recruiters to comprehend how successful the post will attract potential applicants. The company claimed that by using its AI, companies were able to increase their job applications by 175%.

Candidate sourcing

Recruiters can use AI-based talent-sourcing solutions to find and communicate with suitable candidates. These tools rely on algorithms and machine learning to automate tasks such as scanning job listings, databases, and social media platforms. AI algorithms can analyze data and identify patterns to predict candidates best suited for specific roles. This information can help recruiters choose the most suitable candidates and improve employee retention rates.

Screening candidates

Screening candidates is a crucial step during any hiring process. Typically, this process is done manually, and if there are many applications, the process can be very time-consuming. Using AI screening tools can speed up the process as the technology can extract essential information from the applications, helping to identify the best candidates from a pool of applicants quickly and efficiently. These tools can also help recruiters conduct skill assessments and identify behavioral or personality issues incompatible with a particular position.

Talent assessment

Hiring managers are increasingly utilizing AI-powered talent assessment tools to evaluate the skills and attributes of job applicants. These tools help recruiters to make comprehensive skills assessments, culture fit checks, and social skills assessments of potential candidates. The results can also be analyzed to produce detailed reports about each candidate’s personality traits, strengths, and weaknesses. Furthermore, these tools can be customized to meet an organization’s specific needs.

Candidate interviews

Interviewing candidates is essential for hiring because they help assess their skills and personality. Doing interviews the old-fashioned way can be time-consuming and takes a lot of effort. AI-based interview platforms can help simplify the process and use data and analytics to make it easier.

Al-powered interview platforms enable recruiters to interview candidates before meeting them in person using video calls and text-based communication. These tools can also assess each candidate’s tone, emotional state, demeanor, and even personality by analyzing their voice and facial expressions. The conversations are recorded and analyzed using machine learning algorithms to determine the most suitable candidates for the next round of interviews.

By merging this information with the candidate’s response content, recruiters can better understand the individual’s personality and suitability for the position.

Job offers and onboarding

Employees tend to have the most positive feelings about their new position the day they receive their offer letter. Therefore, companies should strive to project a positive impression by providing a welcoming experience for new hires during the offering and onboarding process.

AI-based tools can aid HR teams in achieving this objective by enabling them to create a personalized onboarding experience for each new employee. Additionally, these tools can introduce new recruits to the organization’s corporate culture and values, which may help the new hires feel more connected to the company.

Reducing bias and promoting inclusivity

It’s not uncommon to see hiring biases in the recruitment process. Whether conscious or unconscious, these practices can negatively impact an organization and impede its ability to attract diverse and the best talent.

Companies utilize AI-based solutions to remove human bias from hiring and objectively evaluate candidates. With AI algorithms, companies can eliminate discrimination related to race, gender, ethnicity, religion, accent, or background. With AI, candidates can be confident that their resume won’t be rejected due to a type.

Likewise, don’t expect your resume to be considered over others because it has a nice layout. All these promote diversity and inclusivity, which is imperative to create an innovative and representative workforce.

Improved candidate experience

AI not only helps hiring managers find, screen, and recruit the best talent, but it also improves the experience for candidates. For instance, AI-powered chatbots help candidates respond instantly to queries related to a specific position. The chatbots can also guide candidates throughout the application process. Candidates can also receive personalized recommendations based on their skills and preferences.

Conclusion

Companies are increasingly relying on AI-based tools and solutions to simplify and streamline their employee sourcing, screening, and hiring process. AI has revolutionized the recruitment process by automating complex and time-consuming tasks, eliminating bias in hiring, and improving candidate experience. By leveraging AI recruitment tools such as ML (machine learning) and natural language processing (NLP), recruiters can make informed decisions when selecting candidates for specific positions. In addition, AI can also help organizations attract the best talent by creating a more diverse and inclusive workforce.

RECOMMENDED FOR YOU

Beyond resumes: The rise of skills-based hiring in the talent marketplace.

Beyond resumes: The rise of skills-based hiring in the talent marketplace.

Long gone are the days when academic qualification was the sole determinant to deciding whether or not a candidate should be hired. In the fast-paced, ever-changing world of talent acquisition, the traditional CV is experiencing a complete overhaul. The days of a candidate’s employment history and education being listed on a piece of paper can soon be considered a distant memory that, perhaps, someone’s grandpa would tell his progeny.

read more
Key strategies to building a thriving tech company culture.

Key strategies to building a thriving tech company culture.

Discover effective strategies for building a strong company culture in the tech industry that will help ensure the success of your company

It’s crucial for technology companies to have a strong company culture to succeed. High employee turnover is costly and disruptive

read more
Candidate skill development: Empowering talent for future success.

Candidate skill development: Empowering talent for future success.

The landscape of work is shifting faster than a sand dune in a hurricane. Skills that were once king today gather dust like relics in a forgotten attic. In this whirlwind of change, organizations face a crucial question: how do we invest in talent, nurturing the skills they need to thrive not just now

read more