Author: Ian LeBruce
Time to read: 6 minutes
Artificial intelligence (AI) has been a hot topic for years. It is expected to replace as much as 85 million jobs around the globe over the next two years. So as an employer, you should be incorporating AI into your recruitment strategies. In this AI recruitment case study, we look at how technology is being used in the recruitment sector. I feel like if you’re reading this, you will already know how useful AI is for automating manual tasks, but I want to talk about its use in creating a whole new approach to hiring which will be faster, more personal, and more precise.
What is an AI Recruiter and how do they work?
An AI recruiter is software designed to help with the recruiting process. The core feature is searching through CVs and job descriptions to find the best match for a position, but AI recruiters can also conduct first-round interviews, provide feedback to candidates, and offer salary recommendations. AI recruiters are becoming increasingly popular as they speed up the process, increasing efficiency.
Here’s a look at how AI recruitment works:
- Firstly, AI can source candidates. Recruiters can input the skills and experience they are looking for, then the AI scans a database for candidates that match the desired criteria. (Our database includes LinkedIn and all the major jobsites like Monster and Indeed). This can help recruiters find candidates that they may have missed.
- Secondly, AI can sift through CVs, finding the most qualified candidates in much less time. For context and scale, the time saving using X0PA so far is equal to 75,000 days at the time of writing. A huge number.
- Lastly, AI can conduct interviews. Recruiters can ask a series of questions through the platform and have candidates respond with video answers at a time that suits them. The AI then analyses the responses to see if the candidate is a good fit for the role. Not just for knowledge and experience, but also for elements like their passion and enthusiasm. This naturally helps to speed up the interview process and identify the best candidates.
AI is changing the recruitment landscape. By using AI, recruiters can save time and improve the quality of their hires.
How are companies using AI in HR?
The potential for AI to assist with human resources (HR) processes is increasing. AI has the potential to help with a variety of HR tasks including recruitment, performance management, training, and development.
AI can also create and deliver personalised training programs. This is based on their individual needs and preferences. AI can automate and keep track of onboarding processes and employee communications. As interest in AI continues to grow, we will likely see more HR applications in the future. If this applies to you, we want to hear how you are using AI, let us know!
Three business cases for an AI Recruiter:
The use of an AI recruiter can be beneficial for businesses in many ways. It is no secret that the job market is becoming increasingly competitive – there are so many talented people vying for the same positions. It can be difficult for employers to find the best candidate for the job. This is where an AI recruiter can be a valuable asset.
- An AI recruiter can help identify potential candidates that may have been overlooked.
- An AI recruiter can assess a candidate’s qualifications and skills with less bias than a human.
- An AI recruiter can help identify red flags or warning signs that might not be obvious to a human recruiter.
AI recruiters can also help to keep businesses compliant with anti-discrimination laws. By assessing candidates without bias, AI recruiters can help businesses to avoid potential legal issues.
How AI Is changing the game for recruiting?
AI is transforming the recruiting industry by streamlining and improving the hiring process. With the help of AI, companies can identify the best candidates for open positions.
One of the key ways that AI is changing the game for recruiting is through the use of predictive analytics. This technology allows companies to analyse data from previous hiring decisions, as well as from external sources such as social media. These patterns and trends that can be used to predict the success of potential candidates. By analysing this data, AI can provide recruiters with valuable insights. Over time, the tools can tell the characteristics and skills that lead to successful hires.
As hinted at earlier, AI is also changing the game for recruiting through the use of automation. Resume screening and scheduling interviews can now be automated using AI technology. This allows recruiters to focus their time and energy on the most important tasks.
Additionally, AI can be used to improve the candidate experience. For example, AI-powered chatbots can be used to answer questions, providing information to potential candidates. This helps to keep them engaged and interested throughout the hiring process. AI tools can help to improve the quality of the candidate pool, leading to higher levels of satisfaction and engagement among successful hires.
What are the top tools that can help with your HR processes?
There are a few different types of tools that can help with HR processes. These tools can help track employee performance, manage files, and create onboarding programs. Here are eight of the top tools that can help with HR processes:
1. Employee Performance Tracking:
This type of tool can help managers track employee performance data. It identifies areas for improvement.
2. Employee Files Management:
A tool like this can help HR professionals keep track of employee files and manage them.
3. Onboarding Programs:
Onboarding programs can help new employees adjust to their new workplace. It helps the employees become productive members of the team.
4. Training and Development:
A tool that provides training and development resources. This can help employees learn new skills and improve their performance. It ensures that all employees are up to date on the latest procedures and policies.
5. Employee Engagement:
A tool that helps measure and improve employee engagement. This can help keep employees motivated and productive.
6. A system for managing employee benefits:
This can help you keep track of benefits enrolment. It ensures that all employees are getting the coverage they need.
7. An employee self-service portal:
This can give employees access to their HR information. And allow them to update their records as needed.
8. A system for managing employee leave:
This can help you keep track of absences. It ensures that all employees are taking their allotted vacation time.
Future of AI recruitment and hiring – What’s next?
The future of AI in recruitment and hiring is shrouded in limitless potential – but fraught with uncertainty. The next few years will be crucial in determining the role of AI. Most people using AI would attest to the benefits outweighing the negatives, but there are still a vocal minority who worry that the technology will further entrench and exacerbate existing biases.
As AI continues to evolve, organisations must grapple with these potential implications. This will ensure that they are prepared for the future of recruiting and hiring. It will be crucial for organisations to keep a close eye on developments in this area, and experiment with different approaches to find the right balance for their needs. Personally, I can see AI helping to detect lies told in interviews. This would naturally lead to better hires and thus lower staff turnover.
If you’re interested in learning more about how AI can transform hiring processes, get in touch! We have a range of case studies and videos on our site which outline the reasons why so many customers around the globe trust our platform to manage their new hires.