How is Artificial Intelligence in Recruitment Transforming The Industry?
Gone are the days when recruiters carried out all their time-consuming tasks manually. Artificial intelligence has transformed the recruitment process entirely by automating it in the past few years.
The use of AI in recruitment solves all the problems of recruiters.
AI-induced automation has helped build up various trends in the business world and workplaces.
Artificial Intelligence helps recruiters get detailed insights into the agencies’ growth and hiring needs.
Using AI in the recruitment process eliminates many problems by automatically completing recruitment tasks like screening and sourcing from the pool of job seekers, reducing unconscious bias, shortlisting candidates, etc.
Read on to learn about the importance of AI in the recruitment industry.
What is AI for Recruiting?
Artificial Intelligence for recruiting uses AI to simplify the talent acquisition process by shortlisting candidates from the talent pool and automating the tasks that otherwise agency recruiters would have to do manually.
AI-powered smart technology allows recruiting and hiring managers to automate their recruitment tasks. It helps recruiters leverage their Applicant Tracking System (ATS) and provides HR managers the ability to hire candidates efficiently.
Here are some statistics to show the growing trend of AI in recruitment:
- 35% of professionals in the recruitment industry say that AI has transformed the talent acquisition process.
- Studies have found that more than 70% of recruiters have implemented AI in the recruitment process.
- 96% of HR professionals believe that AI adds value to the hiring manager’s work.
Some people think that innovative technology is a threat to professionals, but most industry specialists believe that technology brings more value to the tasks led by professionals.
Here’s How AI is Changing the Face of Recruitment?
Using artificial intelligence, recruitment professionals can eliminate repetitive and intensive processes from their hiring workflow.
Let’s understand how AI has transformed the recruitment process!
1. Saves Time
Most technological advancements take place with the intent of simplifying time-intensive procedures. Talent acquisition leaders say that with the increased hiring needs, HR managers or anyone in the recruitment field will have to ‘do more by doing less,’ which implies performing tasks using AI.
Imagine this: a recruiter receives hundreds of resumes for a job application. It will take hours or even days for the HR and recruiting managers to complete all the applications. To speed up the process of screening and shortlisting the top talent from the candidate pool, automation technology is used so that such time-intensive manual tasks can be eliminated.
Artificial intelligence favors reducing the workload and burden of the shoulder so that professionals can focus on other important tasks instead of performing the same repetitive tasks manually. A recruiting software helps automate the process of recruitment so that high-volume tasks are completed automatically.
AI in recruitment is explicitly designed to automate the hiring workflow and save time for recruiters and hiring specialists.
2. Improves Quality of Hire
All the perks that AI brings into recruitment include the quality of hire. Identifying the best candidate for the job role has been more accessible with AI-powered digital tools. Recruitment is all about finding a talented person from the candidate pool.
Recruitment automation applications evaluate candidates in a free and fair manner, which guarantees that the selection process’s output will lead to hiring good candidates only. AI in recruitment helps discover the correct information needed to ensure a good quality of the hiring process.
The technology used in the hiring process helps find talented job seekers and helps develop an authentic relationship between recruiters and job applicants. AI also impacts the recruitment process positively by enhancing the candidate experience. Initial screening is done using AI, but since technology,y helps speed up the process and shortlist suitable candidates, recruiters and candidates have a meaningful interaction during the interview.
Artificial intelligence in recruitment streamlines and improves the overall hiring process.
3. Reduces Unconscious Bias
Biases while hiring are of four types- Location, Proximity, Affinity, and Confirmation. Automation technology ignores the candidate’s background, age, race, religion, caste, etc., during the selection process, and in this way, any biases while hiring can be avoided.
In the wake of heightened scrutiny, automation technology builds transparency and fairness in recruitment. AI eliminates all forms of human biases that affect the hiring process negatively. It makes the process of recruitment fair and justified.
Many companies and recruitment agencies feel the need to use AI technology to avoid poor hiring decisions, inadequate diversity, and any legal or financial troubles caused by unconscious biases while hiring.
AI-powered applications prevent biases from overpowering genuine hiring decisions and ensure that there is inclusivity and diversity during the recruitment process.
Frequently Asked Questions (FAQs)
1. Will AI Replace Recruiters?
This happens to be a common fear among recruitment professionals that technology will take over their job, but that’s not entirely the truth. The use of AI in the recruitment industry was not implemented with the intent of replacing recruiters but instead adding value to the work of hiring specialists. AI replaces recruiters in tasks like sourcing the candidates, screening, resume parsing, or scheduling interviews to simplify the work of recruiting and hiring managers.
AI automates all the time-consuming and stressful recruitment tasks to accelerate the process. In this way, hiring managers can invest their time in conducting interviews or initiating a warm onboarding process where human intelligence is required over artificial intelligence.
2. Will AI Affect Employment?
According to a report by World Economic Forum, it is expected that artificial intelligence technology might replace 80 million jobs worldwide by 2025. Now, this might sound scary, but the same report said that AI would also create 97 million new jobs in the same time period.
So yes, AI affects employment in both positive and negative ways and will continue to be a significant factor in the changing workforce and employment patterns in the future. However, there are more pros than cons to using artificial intelligence in the digital world. AI has modernized a lot of jobs and made the employment process more organized.
3. How to Use AI in the Recruitment Process?
Artificial intelligence in recruitment helps automate the time-sucking talent acquisition process. Using AI in the hiring process is simple. An AI-driven workforce and hiring management system will help you get started with a seamless recruitment process. You just need to use a reliable recruitment software that automates your task. Recruit CRM’s software helps you in tracking job applicants, screening candidates, resume parsing, background checks, scheduling interviews, and more.
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