Artificial Intelligence or AI is a type of technology gaining more and more attention and application every year. It is used in software development and other areas of information technology.
AI also has various applications in education, healthcare, manufacturing, finance, agriculture, and government sectors.
Additionally, this type of technology is used in different business processes, including accounting, auditing, manufacturing, and human resources or HR.
In the area of HR, AI is getting popularity for its applications in different administrative tasks, internal mobility, employee retention, and recruitment.
Providers of remote staffing solutions say that AI can be used to search, select, and hire candidates for certain roles in recruitment. The primary function of this technology is to automate repetitive tasks that usually require a lot of time and resources, such as pre-screening numerous applications and matching profiles to specific job openings.
Benefits of AI in Recruitment
There are several benefits of incorporating AI into your recruitment process. Below are the top five:
1. Smarter automation.
An applicant tracking system or ATS is a piece of AI technology that provides recruiters and HR staff with a certain degree of automation. It is a type of software that acts as a database for job applicants.
An ATS is used to organise, search, and communicate with large groups of candidates.
With this AI-powered technology, you can store CVs and filled-out electronic application forms over the cloud, making it easier for you and others involved in recruitment to maintain, search through, and sort them.
ATS also allows you to screen applications more efficiently and quickly. Based on given parameters, the software will choose the applications that best suit your current job openings.
This will allow you to skip the time-consuming job of going through this initial screening process.
An AI-powered ATS can also give you insights into your hiring process. You can obtain these from the reports and other information the software can provide you.
By utilising AI from the start of recruitment, you’ll get more jobs done quickly without compromising the entire process.
2. Better quality of hire.
Incorporating AI in the recruitment process improves your chances of adding the top talent to your team.
First, you can use your AI software to create descriptive, clear, and concise job descriptions that let applicants know who you’re looking to hire.
With an accurate, easy-to-understand job description, you’ll get more candidates who fit your requirements and fewer that are over- or underqualified for a particular role.
Additionally, many AI recruiting platforms come with a feature called programmatic job advertising. This tool allows users to advertise job openings based on key factors that ensure qualified applicants see these ads.
With the right message and programmatic advertising, you will be able to draw in suitable applicants, candidates who are likely to be the best fit for your team.
Lastly, when you’re using your database to look for candidates, there is a chance that you might ignore some that do not have the right keywords on their CVs or application forms.
This unintentional mistake can cause you to ignore qualified candidates who do not have the keywords you are searching for in their CVs or application forms.
An AI recruitment tool can review candidates without relying on keywords. It will look at each applicant’s documents as a whole and see the expertise and skills behind the words.
As a result, you will be sure that no qualified candidate is accidentally overlooked.
All these particular features and benefits help ensure you have a pool of the most qualified candidates to move to the next stages of recruitment and, eventually, hire.
3. Reduced human bias and subjective gut feeling.
Conscious and unconscious bias can thwart an otherwise efficient and successful recruitment process.
You can use AI technology to remove these biases to help you hire the most qualified candidates.
Using an AI recruitment tool, you can have a clear picture of the hiring patterns in your company and know if your hiring practices have some prejudices.
This may include shortlisting more males over females or applicants from a certain age group.
Although AI can’t remove unconscious bias by itself, you can use it to delete some items such as name, gender, and age from the CVs or application forms to stop you from focusing on these details.
When you can reduce biases during the screening process, you are one step closer to increasing diversity in your organisation. Moreover, you will be able to see applicants for what they are and can bring to your company, which can help you find the ideal candidates to hire.
4. Improved candidate experience.
Engaging with candidates significantly elevates their experience with and perception of your company. This, in turn, enhances your organisation’s brand and reputation.
For this reason, responding to all emails and text and instant messages from applicants is another important job of everyone handling the recruitment process.
Unfortunately, you won’t be able to respond to all messages, particularly if you receive numerous ones, since you have other things to do.
With AI technology, you can communicate with all candidates even when they number in the hundreds by the day. You can do this by using chatbots to automatically answer all candidates’ questions.
Additionally, using Natural Language Processing or NLP, a type of AI that enables computers to analyse and understand human language, can help you give personalised responses and feedback to each candidate.
Candidates will appreciate this personal touch, even if they know they are chatting with a chatbot.
5. Reduced time and costs involved in recruitment.
When recruiting new employees, you want to place the right candidate in the open position in the shortest time and with as little expenses as possible.
This may seem impossible when you’re receiving and sifting through dozens of applications every day.
Since AI technology can screen applications and communicate with candidates, you can reduce the amount of time you spend on these steps.
As a result, you’ll move to the interview process and other stages faster.
There are also several costs associated with recruiting, including job ad posting, screening, interviewing, and onboarding candidates.
When you hire the wrong candidate, the cost will increase due to loss of income because of downtime or employee inefficiency.
Since AI automates tasks and helps recruiters focus on fewer tasks, the associated costs are minimised.
The efficiency of an AI recruitment tool in screening candidates allows you to do away with hiring ones who won’t fit in your company or perform poorly. This, in turn, can help you avoid wasting money on the entire process and incurring additional expenses when a newly hired employee leaves immediately.
Deciding to use AI in the recruitment process can be just as important as choosing the type of business to establish.
However, with the right AI recruitment software, you will have an automated process that can elevate the quality of your candidates and their experience with and perception of your company.
Investing in AI software isn’t your only option if you want to use it in recruitment. You can also work with a staffing agency that utilises this technology to experience its benefits and get help with the entire process.
