How is Artificial Intelligence Changing the Recruiting Process?
Forbes states that the efficiency of recruiters is based on two major metrics. Firstly, how long do they take to hire and secondly, the quality of talents they hire. With the constant struggle to reduce hiring costs and improve the quality of hires, recruiters have been burdened with the unclear goal to find and select candidates who can fulfill organizational objectives. With the rise in digitization, recruiters have started taking the aid of futuristic technologies like AI in recruitment.
Deloitte states that AI promises to speed up talent identification, make data-driven decisions, reduce time, and cut down costs when implemented in recruitment. This supports the BCG, statement that AI helps companies to scale and add value. Hence, about 63% of recruiters across the globe have transformed their hiring processes, enabling qualified candidate recruitment and faster vacancy fill-ups. Let’s learn more about how AI seamlessly transformed itself from just a trend to becoming a constant companion in the recruitment world.
What is Artificial Intelligence?
Deloitte experts describe Artificial Intelligence (AI) as the broad area of computer science technology that constantly mimics human intelligence to solve real-life challenges. These technologies create patterns to categorize unstructured data and apply the same patterns to resolve real-time problems.
AI has become a part of our daily lives. Starting from identifying spam using Machine Learning (ML) algorithms to getting tag suggestions of people via face recognition technology on Facebook, AI has dedicatedly brought convenience and modernism to the forefront. Similarly, AI has integrated into the recruitment sphere, enabling organizations to experience innovation and speed in their hiring processes.
What is AI in Recruitment?
AI in Recruitment refers to the implementation of ML algorithms to automate and streamline repetitive and high-volume hiring operations for efficient and time-saving recruitment.
Some of the major processes that can be automated using AI recruiting include:
With access to numerous job boards, AI for recruiting enables recruiters to access a diverse pool of talents from across the globe. Hence, the chances of identifying top talents become higher with artificial intelligence in HR.
On average recruiters spend about 7 seconds going through a candidate’s resume. And with numerous applications for a single position, recruiters need to spend an ample amount of time completing these tasks manually. AI resume screening makes this process completely automated. Using text analysis and ML algorithms, recruiters can easily identify candidates that fit their organization.
The biggest challenge that hiring managers across the world face are finding the right time to interview candidates. Artificial Intelligence in HR enables recruiters to save an ample amount of time by automating this process entirely. Recruiters can simply create an interview window where candidates can self-schedule their interviews based on their convenience or recruiters’ availability. This speeds up the entire interview scheduling process.
Artificial Intelligence in recruitment enables recruiters to eliminate conducting interviews manually with one-way interviews. Candidates, after self-scheduling interviews, can appear for interviews that do not require the presence of interviewers.
In on-demand interviews, candidates need to record their responses to a set of predetermined questions. Moreover, candidates can preview their responses and rerecord if necessary. After submitting the responses get stored in the cloud server database.
Furthermore, the answers are analyzed using ML algorithms, Computer Vision, and Data Analysis for accurate judgments on personality traits, confidence levels, knowledge, and communication skills. Furthermore, recruiters can conduct multiple asynchronous video interviews. Lastly, recruiters can get their hands on accurately shortlisted candidates for a time-saving and effective hiring process.
Conversational artificial intelligence in recruitment helps to hire managers send feedback to unsuccessful candidates on a timely basis. AI HR solutions automatically compose the feedback with computer-generated ratings and reviews from senior executives. Furthermore, recruiting AI solutions also provide suggestions that can help candidates to enhance their performance in the future.
Soon after onboarding and becoming employees, recruiters can enable them to acquire new skills from courses. Candidates get real-time updates on their learning progress. Similarly, recruiters can also keep a track of employees’ skills acquisition updates. Employees can assess their understanding by taking analytics-enabled examinations for a more precise and accurate assessment report.
But how will artificial intelligence in recruitment change the role of recruiters and HRs? We have answered that too. Simply continue reading to resolve that doubt in your mind!
How will AI HR transform Recruiters’ Role in Recruitment?
Recruitment can never be completely automated. In the end, humans will remain the sole interpreter of the human capital investment for the future of any organization. Hence, recruiting AI solutions tend to enhance the aptitude and efficiency of human resources rather than completely automating it.
Recruiters will remain in charge of the final say and AI HR solutions will simply lend a hand of assistance to make processes optimized. Hence, artificial intelligence in recruitment will not eliminate the role of HRs, rather it will transform these roles. Listed below include three ways in which HR AI solutions can transform the roles of recruiters.
- Hiring managers will get the time to focus on more strategic and proactive hiring rather than spending their crucial time on repetitive administrative tasks.
- Recruiters can focus on developing meaningful relationships with candidates and help them understand how they can fit into the organizational culture.
- HRs can identify prime recruiting KPIs and enhance the quality of hires in a shorter span of time.
Provide technical assistance to your recruiting team with Birbal. Powered by AI, Computer Vision, and Data Science, Birbal helps your organization to make the right move when it comes to human capital investment. Check out how Birbal has helped some of the leading sectors worldwide to create a firm base for their organizations to stand on!
What are the Innovations of AI Recruitment?
AI in recruitment has provided the recruitment space with power tools to automate repetitive administrative tasks for efficient and optimized workflow. Some of the major recruiting AI solutions used across the globe include:
Applicant Tracking System (ATS)
The first among AI recruitment solutions include an Applicant Tracking System. Powered by Data Analytics, an ATS allows recruiters to easily surf through a bulk of candidate data and come across their required information in the least possible time.
ATS allows recruiters to keep a tab on candidates’ detail, text-based responses, conversations, performance reports, and much more. Moreover, with secured cloud servers and enhanced security compliance measures, ATS makes sure to protect every data that candidates and recruiters share.
Smart Screening Software
AI resume screening solutions integrate seamlessly with your existing resume database to automate resume screening using ML algorithms. These AI recruiting solutions to analyze employees’ performance, turnover rates, and tenure to track the success or failure of candidates.
Furthermore, these AI in recruitment solutions extract existing employees’ skills, experience, and other noteworthy qualities and apply the pattern to assess new candidates. Moreover, AI resume screening solutions can also provide better light on candidates’ prior employment details through public data sources and social media profiles.
AI resume screening solutions require the least IT support since it easily integrates with your existing ATS and other recruitment tools for a seamless workflow.
Interview Scheduling Tools
Interview scheduling software removes the hassle to move to and fro between candidates and senior managers to select a proper time for scheduling interviews. With AI for recruitment, recruiters only need to create an interview window.
Candidates can use this window to share their important data and schedule interviews based on their preference (for one-way interviews) or recruiters’ availability (for two-way interviews). This automates the entire interview scheduling process for talent retention and faster hiring.
Conversational Artificial Intelligence-enabled Chatbots
58% of candidates form a negative impression about an organization if they do not receive any information after job application submission. Moreover, 67% say to form a positive image of any company that provides them with consistent updates through the entire recruitment process.
Hence, applicants demand to hear from organizations and stay in touch as soon as they apply for any opening. Therefore, recruiters have started implementing conversation AI HR chatbots to keep the words flowing. These HR AI tools provide candidates with real-time updates, query-solving answers, feedback, and suggestions to enhance their experience.
Recruiter-less interviews? Well yes. Today, AI for recruitment has enabled candidates to appear for interviews without the presence of recruiters. They simply need to record their answers and upload them on the software. These Video Interview HR AI solutions analyze word choice, pace, pitch, sentiments, iris movement, hand gestures, and body language to assess their competency to fit in the job role, organization, and culture.
Enjoy all these HR AI solutions on a single platform. Birbal is an HR AI SAAS-based solution that helps you to track candidates, screen bulk resumes, automatically schedule and conduct interviews as well as maintain a smooth conversation flow. Try out today and experience the innovation for yourself!
What are the Benefits of Implementing Artificial Intelligence in Recruitment?
AI Recruitment solutions have changed the entire recruitment scenario with its innovative features and advanced benefits. Some of the benefits of artificial intelligence in recruitment include:
With workload increasing and the team size remaining constant, recruiters say that manual administrative tasks. According to Forbes, recruiters spend 40% of their time entering data into ATS and resume sifting. Implementing AI in recruitment can automate the interview screening and scheduling processes.
With automated resume screening, assessment triggering and interview scheduling, AI recruiting tools can help recruiters save up to 23 hours for a single hire. Furthermore, recruiters lower the chances of losing top talents due to a slower recruitment workflow. Besides, hiring AI solutions seamlessly integrates into daily operations and hence prevents workflow disruption.
With talent shortage at the forefront, Forbes states that identifying apt candidates that meet their requirements has become quite complex. HR AI tools provide recruiters with a gateway to a wide pool of talent for effective selection. But still finding the right candidates amongst such a wide pool is quite a challenging aspect.
Hence, artificial intelligence in HR solutions leverages cognitive technologies like AI and ML to analyze user requirements and provide better outcomes through multiple data pool searches. Therefore, AI in recruitment matches candidates’ experience, knowledge, and skillset to narrow down.
Moreover, hiring AI solutions categorizes active candidates from passive candidates which makes shortlisting a candidate a much easier process. Hence, organizations experience a 20% hike in their productivity.
Furthermore, companies using HR AI solutions have seen a 75% reduction in their screening costs, a 4% increment in revenue per employee, and a 35% decrement in yearly turnover.
Eradicates Bias and Discrimination
Recruiters’ minds are often clouded by a bias that leads to hiring discrimination. This often results in losing better talents due to hiring discrimination. Forbes states that 44% of candidates reported facing hiring discrimination in at least one interview they have appeared for.
Furthermore, employee referrals being one of the major talent sources leads to further bias. Since recruiters tend to prefer candidates who have similar beliefs and backgrounds, says Forbes. This furthermore creates a barrier to talent diversity.
However, unlike humans, machines are not tended to bias and review candidates’ performance in an unbiased manner. Right from screening to interview, AI recruitment solutions analyze candidates’ experience, knowledge, skills, and performance to elevate them to the next step.
Furthermore, AI recruitment tools use predictive analytics to analyze how a candidate will succeed and survive in the organization. Hence, this enables recruiters to make data-driven decisions rather than simply relying on their guts.
Enhanced Candidate Experience
Enhanced communication flow and faster hiring processes surely elevate candidate experience. Forbes states that AI in recruitment tools enables 75% of recruitment process automation. That includes candidates’ query solving, qualification verification, and providing progress updates in real time.
Furthermore, AI HR solutions help recruiters to derive insights after analyzing thousands of data points to construct an apt employee value proposition (EVP) based on candidates’ persona for enhanced employee engagement.
Bring in the beneficiary AI in recruitment at your organization with Birbal and experience optimization and cost-savings like never before. Tap here to get a free quote!
Despite challenges like feeding ample data, risk of bias mimicry, and HR skepticism of modern technology, AI in recruitment has seen a steady rise in organizational wide-scale usage. AI for recruiting has enabled recruiters to develop better strategies rather than simply wasting their valuable time behind paperwork and repetitive administrative tasks. Automating sifting and screening to interviewing candidates can help recruiters to save about 56 hours every month.
In an Accenture report, 90% of recruiters have replied in satisfaction that AI for recruitment has eased them up through administrative tasks and focused on what is important. Hence, AI in recruitment enables Recruiters and HRs to spend more time strategizing on how to hook candidates for job openings. Not only so, but recruiters would also focus more on developing a healthier relationship with employees for enhanced productivity and employee satisfaction.
So why wait and not relieve your recruiters of mundane tasks to enhance better outcomes? Integrate the power of automation at your organization with Birbal, avant-garde features for faster sifting, screening, interviewing, and hiring. Birbal also assists you when it comes to HRM challenges for smooth internal employee management. Check out what more Birbal can offer and take your organization to the next level of innovation.
Learn more about AI in Recruitment:
- How AI Video Interview has Optimized the Screening Manifold in 2023?
- 10 Virtual Interview Tips and Tricks to Impress your Recruiters in 2023
- How Recruitment Processes can be optimized by leveraging technology?
- What is the Human Resource Management System (HRMS)?
- How to detect Dark Triad Personality Traits during Interviews with Automation?
- 5 Ways to Select the Best On-Demand Video Interview Software of 2023