Artificial Intelligence (AI) technology has been around for quite some time now. It was introduced around the 1950s and is revolutionizing the world as we know it since.
However, it wasn’t only until recently that AI has touch-based the recruitment world. The result was revolutionary.
Tedious tasks are now automated, and the hiring process has been assisted by modern solutions for maximum efficiency. 96% of recruiters realized that AI can highly leverage talent acquisition and retention.
From the candidate screening down to data collection, AI recruiting has paved the way for future generations to go about their daily endeavors without exerting too much effort and compromising the quality and quantity of the output.
Of course, this doesn’t take away the importance of human interaction. As much as AI can help, it’s still noteworthy to know how the human touch can make all the difference in making sound decisions.
In this article, learn about AI for recruiting and how it’s applied and utilized in the entire operation.
What is AI for recruiting?
In a nutshell, this is the application of artificial intelligence (AI) to the recruitment industry.
These are modern solutions that assist and automate parts of the entire recruitment system. This specifically addresses tasks that are either repetitive or time-consuming. It takes into consideration tools and technologies to better the hiring process to its full potential.
It’s everything that involves technological integration into the recruiting operations that help recruiters be more agile, resourceful, and productive. It interplays a lot of elements and factors that, ultimately, are necessary to effectively bring in quality talents to fill a vacancy.
“As a consequence HR has positioned itself at the center of the organization managing talent acquisition, retention, diversity, and culture among others. The scope of responsibilities grew to such an extent over the last few decades that only HR technology could support HR teams in managing it efficiently. Data management, recruitment, and onboarding, payroll, and performance, diversity, culture are but a few elements that technology can support and more importantly, consolidate,” says Yassine Belmamoun, Co-Founder and CTO of Manatal, in an interview with Hrtechcube.
However, it’s important to know that not all recruitment software are using AI. Those that do integrate it into their recruitment system are experiencing massive changes.
From all the segmented functions of recruiting, technology can be leveraged to streamline the whole recruitment process. Thus, augmenting efficiency and productivity along the way.
To that end, these recruiters can also focus more on the human aspect of their role such as ensuring great candidate experience, candidate engagement to instill healthy company culture, hiring the right people to improve culture fit, and so forth.
What benefits does it give?
To further explain, there are many benefits to integrating AI into the recruitment process. Here are some:
Of course, AI allows people to optimize their workflow and bolster efficiency to ensure productivity. Especially high-volume tasks! It creates a much faster operation that leads to the best candidates in a faster period.
Some recruitment applicant tracking systems (ATS) like Manatal have strong capabilities that allow you to screen resumes and parse data in a matter of seconds. This is not to be underestimated because the time it takes to shortlist applications is very daunting.
This takes away the need to go through CVs one by one. Instead, AI for recruiting does this for you at a much faster rate– reducing the overall time to hire and helping you beat competitions in acquiring top talents.
Of course, the quantity will never be quality. Even if you have a lot of applicants, if they’re not a fit for your requirements, it’s not going to be worth hiring them.
With AI-powered recruiting software, you can easily scourge the net and existing database for suitable candidates. Manatal, for instance, has an AI candidate recommendation engine that matches jobs based on advanced filtering algorithms.
You can import CVs, spreadsheets, and even previous ATS data sets, and Manatal can browse through them to search for talents that can fill the role.
To add to the point above, securing quality hires can be cost-effective for the company. It will rid of the risk of having the expenses of a bad hire and focus on candidates that bring significant impact and higher ROI to the company, instead.
Additionally, using AI in itself is cost-effective because it takes less effort and time to fill a position. Unlike before when it takes quite a while to do everything, the processing time has been greatly reduced– lessening any costs and prompting heightened productivity that can be exerted to other equally important tasks that can help the company.
Create an Award-Winning Candidate Experience
Candidate experience is not to be overlooked. A positive candidate experience can lead to a successful hire. 38% of applicants who are satisfied with their experience are more likely to
push through and sign an offer letter. And even if they didn’t, they are still 80% more likely to apply to the same company in the future.
Meanwhile, those with a negative experience revealed that 69% of them will never apply to the company they had an unpleasant time with for the second time around.
AI helps improve the candidate experience through a variety of tools and technologies in many ways. It will bring a whole new kind of experience that will surely be both meaningful and memorable.
Concrete ways that AI is changing the recruitment world.
Administrative work will become a thing of the past
With AI, manual labor will be a thing of the past. Now, almost everything is automated and you can do tasks with just a few clicks.
For example, using AI can help screen resumes 60,000 times faster in comparison to manual labor. This relieves the HR team of headaches and stress– only thinking about ensuring quality through as AI does all the laborious aspects.
Additionally, it can also be as nifty as job candidate matching. With this, it lets recruiters identify suitable candidates faster and easier. This is based on skills match, experience relevance, etc. advanced recruitment software such as Manatal ensures effective matches using an AI-based scoring system.
This is way different from before when you have to go to open several tabs, check different job boards manually, screen one by one, and more.
Chatbots will improve candidate experience
Chatbots are one of the many tools that can improve the candidate experience. When they land on your career page, it’s best to engage with them as much as possible. A chatbot can help.
A study showed that 92% of applicants felt that chatbots gave a significant advantage to get a faster response to any queries or concerns that they may have. This will be good in addressing whatever is hindering them from hitting the “Apply Now” button.
This reliable tool can automatically answer messages using prompts and commands. And if needed, it can also connect to real support staff if the user reply is too complicated for simple solutions.
This will be very helpful for the business in a lot of ways.
Unconscious Bias Will Be Eradicated
As mentioned above, using AI automatically receives applications from various platforms and disregards irrelevant information that might be a hindrance to job applications for some.
Be it gender, educational background, ethnicity, and more, it is not a factor anymore as AI takes each and every application as long as it’s formatted properly. This eradicates unconscious bias that recruiters might unknowingly be doing.
Why is this helpful? First, it promotes company diversity. You’ll get more applications from people all over the world of various backgrounds. Especially when hired successfully, it can foster an innovative and collaborative work environment when fresh ideas are discussed.
This, in turn, is a good way in improving the company culture. An employee is more likely to stay with the company when the work culture is healthy. It makes them happier and more motivated to show up for work every day.
AI reduces the chances of applicants “hacking the system”
A report came from Dice that AI reduces the instances of applicants hacking the recruitment system. This is not in a programming type of hack, but more like a cheat to appear in the recruitment software database.
Keyword stuffing is one of the many ways to hack the recruitment system. AI ensures that applications they receive are well-filtered and suggests relevant candidates based on their CV and social media.
Let’s use Manatal again and its strong Candidate Recommendation Engine as an example. It gives you a list of candidates best suited for the role that you want to fill. It doesn’t just take random applicants, but it carefully parses data and gives you great choices that can do the job well.
Hiring is the cream of the cake in the world of recruiters. At the end of the day, the main task is to fill a vacancy with top talents that can lead the company to success.
AI has revolutionized the game in several means. It empowered recruiters to reach new heights and establish a well-put strategy to continually conduct business operations smartly and excellently.
It is vital to note that, no matter how helpful AI can be, it should be taken with a grain of salt. It’s not definite and the human aspect is always needed to ensure quality and seamless flow for the recruitment process.
AI is the future, and humans are there to lead the way.
For those willing to leverage AI, we’ve found that Manatal is the best recruitment software with powerful AI functionalities and tools. It is also super easy to use and suits HR departments as well as recruitment agencies since it includes a recruitment CRM. Pricing wise it starts at only $15/month and offers a 14-day free trial so make sure to give it a try!