Despite the upturn in recruiting this year, finding quality candidates is a significant challenge for recruiters worldwide. In a global survey, 98% of respondents reported having problems finding quality candidates. In addition, recruiters spend between 11 to 15 hours a week sourcing candidates for a single open role.
With AI, recruiters can adopt more efficient and equitable hiring practices to find better matches in less time.
Empowering Recruiters with AI
In an increasingly competitive market with a high demand for top talent, TA leaders turn towards recruiting AI to enable their recruiting teams to work faster and smarter.
Shorter Hiring Timelines
The recruiting process is filled with administrative tasks that AI-powered platforms can take over, freeing recruiters’ time to pursue and build candidate relationships.
By automating candidate screening, assessments, and interview scheduling, AI reduces hiring time to days instead of weeks. Faster hiring times are crucial right now to prevent losing candidates to competition.
Enhanced Candidate Engagement
Although candidate communication determines their employment decisions, recruiters often struggle to keep up with the candidates. With hundreds (or even thousands) of applicants, it becomes near impossible to keep all of them posted with updates.
Conversational AI tools like Chatbots enable recruiters to engage candidates on the go. A recent survey by Talent Board found that 51% of respondents report a “significant improvement” in candidate satisfaction due to their chatbots, while 49% say their chatbots have enhanced the overall candidate experience. Lastly, 35% of HR and Talent acquisition leaders said chatbots freed recruiters’ time and improved their productivity.
Talent Rediscovery
Even though you shortlist many candidates, you don’t end up hiring all of them. AI can help you maintain a database of strong candidates that you can use during every hiring cycle.
AI tools will connect with your ATS, CRM, or chatbots and interact with your talent pipeline to sustain interest and determine fit for open roles.
Impact of Recruitment AI on Candidate Quality
For a long time, hiring managers, recruiters, and HR professionals have placed undue emphasis on arbitrary standards like qualifications, place of education, sociodemographic information, and shared similarity with the candidate while hiring new talent. Even with the best intentions and diversity hiring goals, unconscious bias can creep into the hiring process.
AI algorithms weed through resumes to establish candidate profiles, assess and shortlist relevant talent, and even predict their success in the role. AI tools promote candidates from diverse backgrounds by blocking unnecessary identifying information and instead focusing on skills.
As a result, recruiting with AI-based platforms improves the quality of talent hired substantially.
Moving Forward: What to Expect from Recruitment AI in Upcoming Years
In recent years, AI has found great popularity in recruitment, which is only growing with time. Recruiters use AI-based platforms for sourcing, screening, assessing, training, onboarding new talent, and connecting and converting passive candidates.
In this post-pandemic era, trends like remote and hybrid work, learning and development opportunities, and employee experience are defining recruitment. Recruiting AI provides a holistic perspective of the candidate lifecycle and has the potential to transform talent acquisition through personalization, automation, and data-driven insights.
