Optimization of the Recruitment process with AI options

Human Resource Management of an organization helps to bridge the gap between employees & the organization’s strategic objectives. It includes staffing or recruiting new employees, employee training & development, compensation, safety & benefits and also an employee or labor relations. In this digital era, human resource management activities are buzzing into innovation.

52% of Recruiters say the hardest part of recruitment is screening the right candidate from a large applicant pool. The standard approach of recruiting starts with the job requirements and continues with a screening of available applications. Then, the process moves to interviews, and, if successful, it ends with hiring. However, none of these steps guarantee that you will find the best possible candidate(s) for the job. What they do guarantee is that recruiters will spend valuable time and effort on this task.

HR professionals may approve a particular candidate, for instance, someone who is more like the recruiter. Another potential bias, language bias; people’s subconscious word associations could indicate a particular preference.

Thanks to Artificial Intelligence that designs to help employers to identify & remove these biases. AI is being used to automate low-level tasks, reduce operational costs & provide more detailed information to focus on more strategic work. Artificial intelligence is pushing humans and machines closer together. 

Is not it exciting! 

• How will AI change recruiting?

Artificial Intelligence can provide the tools to follow and support the journey of an employee within a company, starting with recruiting and ending with the moment they hand in their resignation letter. In doing so, these tools will gather valuable data on engagement, work satisfaction, and document the overall experience of being an employee in a specific company. AI technology is widely used in every aspects of HR to focus on the human element of HR.

“Fact: PricewaterhouseCoopers found 72% of executives believe AI will offer sizeable business advantages in the near future. In another survey from IBM, 66% of CEOs believe AI can drive significant value in HR.”

Here, I am sharing some exciting uses of artificial intelligence in recruitment that will revolutionize the traditional recruitment process. Such as:

• The quality of hiring increases: With the help of Artificial Intelligence the recruiters can collect more information for the candidates to evaluate them more effectively. AI-based solutions that help assess the skills & experience of candidates using special algorithms.
• Better integration of analytics: AI technology increases the productivity of business but also drives candidates to improve their skills. Modern recruitment software has many plus-points besides automating administrative workload. There is also more specialized software which allows recruiters to see how a candidate determines his or her skills in practice. AI software validates a higher level of accuracy compared to human recruiters.
• Automation process manages time & cost: Every company wants to save their time to recruit new employees and also try to do it in a cost-effective way. AI-based software needs a few seconds to evaluate big amounts of data and provide understandable results that help the decision-makers to make a decision as soon as possible. Companies have implemented AI solutions for virtual recruitment, scheduling interviews, provide ongoing feedback to candidates & respond to them in real-time. This grants the recruitment professionals to convert more candidates into hires in less time & low cost.

Click here to know the role of digital marketing in recruitment

• Eliminate biases while making decisions: Biased decisions are common problems in the field of recruitment. And whether you like it or not, we all are biased to some extent. But when it comes to recruiting, every company wants to hire the best candidates based on their real potential & personality. You can use data & predictive analytics from AI solutions to minimize a certain share of unconscious or conscious bias. AI leads you to recruit people neutrally and helps to make decisions based on the resume & algorithms of applied candidates.
• AI-powered assistants (Chatbots) to engage with visitors: AI-powered assistants – also named as Chatbots is a software that can affect a user's conversation with a natural language through messaging applications. It helps the recruitment process to save money, time & enhances visitor satisfaction. Surely you’ve seen those messages popping up in a company website or a job portal saying something like ‘Hi there, need help finding what you’re looking for?’ lots of times. These chatbots can have a great impact on the candidate’s experience. It also helps organizations to build a relationship with passive candidates. This AI tool automates common HR tasks like benefits management or handling common questions or requests. With the help of AI automation tools, the hiring process of a company can be reduced and made more efficient.

“Fact: McKinsey’s latest forecast of AI’s impact on the global economy is that it will generate $13 trillion in economic activity across the globe by 2030.”

Apart from recruitment Artificial Intelligence also enters in the vast area of human resource management. The AI-based system improves the onboarding process. AI algorithms help to analyze sentiment analysis from which an organization can understand the mood & satisfaction of people in the workplace. AI-powered performance system offers a vision into an employee’s performance. Thus, the inclusion of artificial intelligence in the HR professional’s skill box updates the process of HR activities.

As much as the HR technology landscape continues to be disrupted by AI, HR teams must find ways to balance these advancements with transparency.   So, it’s time for the new generation recruiters to influence their recruitment performance successfully with the uses of Artificial Intelligence. Work to embrace it now because it’s likely you’ll be expected to use it in the future.

Click here to know more effective tactics of recruitment

Hey Folks, remember to share your personal views also on ‘How the Artificial Intelligence Technology develops the method of recruitment today’. The end for now.

See you soon. . .