A survey of the Human Resources sector has revealed that an increasing number of businesses are adopting AI-based solutions to enhance their recruitment processes. AI’s capability to analyse vast amounts of data, identify patterns, and improve with experience are a few reasons for its growing popularity. With the help of AI, businesses can save time and resources by automating certain aspects of the recruitment process, thereby increasing the chances of finding the perfect candidate for the role.
Indeed, Artificial Intelligence is revolutionising the way organisations source talent, bringing a range of benefits to both employers and job seekers. Are you interested in learning more? Continue reading!
How Can We Use AI in Employment Search?
AI for recruiting refers to the use of AI-based solutions within the recruitment process, such as candidate discovery, evaluation and hiring. This technology is designed to save time and effort by automating tedious yet necessary tasks, such as pre-screening large volumes of applicants and matching specific criteria to available roles.
As businesses look to recruit new talent, they are increasingly utilising AI-based solutions to help them identify the most suitable candidates. These systems assess a range of criteria including qualifications, work history, aptitude and even the content of covering letters, to determine the best fit for the role.
At Works, we utilise Staffing Hero, a rapid and efficient AI solution designed to help build specialist software development teams tailored to the exact needs of our customers. Our custom software is powered by an intricate machine learning system which takes into account a broad range of factors, such as industry knowledge, project size, scope, technology stack and IT resources, in order to ensure the best experts are assigned to each individual project.
Staffing Hero utilises the data provided to compare it with the experience, expertise, performance and feedback of our developers, in order to assemble the optimum team for the task in hand. Powered by machine learning, the algorithm constantly learns from user input to refine its approach and provide even more accurate results. Thus, Staffing Hero showcases the advantages of using artificial intelligence in the hiring process, such as increased efficiency, accuracy and cost-effectiveness.
When Looking for New Employees, Why Not Use AI?
AI technology is increasingly being used in the recruitment process by businesses, due to the numerous benefits this brings. The most notable advantage is the potential to revolutionise and improve the recruitment process, resulting in numerous benefits. These include:
Recruitment Process Improvements
The quality of hire is a key performance indicator (KPIs) of paramount importance for Human Resources Managers to monitor, since it gauges the efficiency of the recruitment process in bringing onboard employees who will add value to the team. Managers may now benefit from Artificial Intelligence (AI) to improve this measure, since the technology facilitates the identification of the most suitable candidates for available roles by analyzing a large amount of historical data.
The AI solution can assess a candidate’s suitability for a position by comparing their qualifications to the requirements of the vacancy. The algorithm’s experience and training in identifying these similarities enables highly accurate evaluations of each candidate, increasing the likelihood of a successful hire, and therefore improving productivity and reducing staff turnover.
Hiring Takes Less Time and Costs Less
In the past, HR processes were reliant on recruiters manually going through CVs to identify suitable candidates. This was a time-consuming and laborious endeavour, meaning it was difficult to keep up with the demand. Additionally, there was a risk of losing out on highly qualified applicants, particularly those actively searching for new roles who may have received offers from other organisations before recruiters had the opportunity to speak with them.
AI technology has proven to be an invaluable asset in the recruitment process. By automating the time-consuming process of reviewing applications and creating shortlists, an AI-driven recruiting solution can significantly reduce the time taken to fill a post. As it frees up recruiters’ time which would have been spent on manual analysis, this has a positive effect on both productivity and the overall cost of the recruiting process.
Employ More People from Different Backgrounds and Perspectives.
It is now essential for businesses of all sizes to take proactive steps to create inclusive workplaces that are welcoming to people of diverse backgrounds and perspectives. However, it is not enough to simply have good intentions. Recruitment procedures may be influenced by cultural biases and structural issues, and a comprehensive diversity and inclusion strategy must be implemented to address these challenges. Thankfully, we can rely on AI to help us with this.
It is essential to build datasets from the outset to ensure accurate representation of the population when using AI for staffing purposes. This will help to create a database that is inclusive of individuals of all backgrounds, regardless of gender, race, sexual orientation or physical appearance. AI development can be extremely challenging due to the ethical obstacles that must be overcome. By recognising these biases and striving to develop an ethical AI solution for recruiting, it is possible to construct a workforce that is more inclusive.
Completely Adaptable to Contract Work
The COVID-19 pandemic has had a significant impact on organisations, with remote working becoming increasingly commonplace. Many companies implemented work-from-home policies in order to continue operations during lockdowns and stay-at-home directives, and this model has proven to be successful. It is anticipated that remote working will remain in place for the foreseeable future, and businesses will need to adjust their recruitment strategies to accommodate this.
Work is aware that Artificial Intelligence (AI) can be used to solve this problem. By widening the scope of potential applicants, a larger pool of talent can be accessed, but this will inevitably result in a larger number of applications to process. Manually assessing such a vast dataset would be an insurmountable task, but AI can make it a much simpler process. Due to applications being submitted digitally, they can be quickly routed through an AI-powered platform for automated evaluation, saving time and effort.
Enhanced Candidate Interaction
Candidates are generally accustomed to receiving immediate feedback after submitting a job application, attending an interview, or receiving any other kind of decision from a company. Unfortunately, due to the high volume of responses from applicants, it can be difficult for recruiters to maintain timely communication.
The incorporation of Artificial Intelligence into the recruitment process could be beneficial. Automated messages, sent at relevant points such as when an application is received, an interview is arranged or the position is updated, could improve the experience for both recruiters and applicants, offering the latter the opportunity to prepare adequately for the interview.
Human Resources in the Age of AI
It is evident that Artificial Intelligence (AI) technologies are already having a significant impact on recruitment processes across the world. However, predicting that AI is the future of Human Resources (HR) would be an oversimplification. It would be unwise to assume that the AI tools currently available for hiring are set in stone. Given that AI is an ever-evolving field, it is likely that new, more sophisticated methods of staffing will arise in the near future.
There is a wealth of potential applications for Artificial Intelligence (AI) within the Human Resources (HR) sector. Already, current solutions are able to automate a significant portion of the recruitment process, resulting in reduced costs, improved speed of hire and an increase in diversity within the workforce. It is not difficult to envisage a future in which AI is so advanced that it can manage the entire hiring process autonomously. Whilst this may seem far-fetched at present, the current state of AI in recruitment is indicative of the tremendous potential of this technology.
