Artificial intelligence (AI) has penetrated a number of sectors in a bid to make work easier. Of these sectors, recruitment has seen a major positive change in the process of hiring. Factors such as time, resources, cost per screening and more have had a great impact with the introduction of AI in recruiting.
AI in recruitment is the use of artificial intelligence in problem-solving in the process of recruitment. Essentially, it is making use of AI to make things simpler for employees by automating things that do not need human intervention. Screening of candidates and analysing are some of the tasks that AI help with. One can think of numerous other benefits of AI in recruiting to make the process simpler and quicker:
Screening less Time-Consuming
When asked about the biggest challenge in recruitment, most recruiters state screening as the answer. Approximately 52% of talent sourcing leaders consider finding ideal candidates from a large pool of resources as a great challenge. With AI for recruiting, the task of manual screening is eliminated to a large extent. This task is automated with AI integrated in your recruiting system and helps in a speedy screening. As a result, the time taken to hire is significantly reduced, thereby reducing the cost per hire.
Improved Quality of Candidates Hired
Measuring the quality of hire earlier was a bit of a sketch due to the inability of figuring out what happens to the employee once they are on-board. Since performance of the candidate is a major criteria in determining if the candidate, indeed, is a quality acquisition, the use of artificial intelligence is the perfect addition in the process to fill in this gap. AI can help match the right candidates, taking their experience, skills, and knowledge into account, to the requirements of the job, making sure the match is exact or as close to it as possible.
Reduction in Turnovers
With AI taking up the task of selecting the right candidates with the help of job matching, the chances of employees being unhappy in the roles they have been kept are less likely. HR data has proven to be a reliable source in order to create strategies, analyse, and predict possible outcomes. By sourcing the right candidates using AI and data, the turnover within companies reduce significantly with both employees and employers being content with the position they are in and outcome.
Increased Productivity
Job matching through the use of artificial intelligence in recruitment has led to more employees being satisfied with their job profiles. This automatically translates to an increase in productivity. With AI taking off most of the load, the recruiting team and HR professionals will also have the bandwidth to expend their sources on tasks that need manual intervention rather than on those that can be automated with the help of AI.
Artificial intelligence in hiring software has certainly given recruitment the edge it needs with cost reduction, less workflow disruption, and efficient use of resources.