How many companies rely on Artificial Intelligence(AI) to recruit the best talent in building their future workforce? Almost every company does. Right? Interesting facts will come to the fore when one thinks about the motive behind employing an AI tool for their recruitment needs.

Some tasks that talent acquisition teams accomplish effortlessly by coupling with human intelligence are screening candidate profiles, filtering applicant resumes, matching job descriptions, and more. It’s proven that AI plays a significant role in any industry, especially, the Recruitment industry. This will benefit companies that function with a “people first” approach.

Let us look at how artificial intelligence can make hiring more efficient.

Screening Candidates at Super Speeds

What if the candidate screening time gets reduced by 75%? That’s what exactly AI can do for you. Perhaps, it’s just the beginning with more such benefits for the recruiters. Those screening processes that would have, otherwise, taken days and weeks together can be accomplished in minutes and hours.

Sourcing Better Candidate Profiles for Each Profile

AI can apply multiple filters to find the exact candidate profiles against the job description. Imagine the difficulty a recruiter would have experienced in finalizing the profile from an open database containing candidate profiles of various designations and domains.

Fetching More Profiles in Less Time

Talent acquisition teams experience numerous issues when finding more profiles within a stipulated timeframe. The first issue is downloading duplicate profiles about which nothing much can be done. This results in less quality hires, which impacts the hiring process ultimately.

Apart from these benefits, there are several more that recruiters will realize once they make AI tools a part of their hiring process.

AI Chatbots – A Faster and Effective Mechanism to Create Job Descriptions

Recruiters need not indulge in the basic activities of the recruitment process anymore as chatbots are in place. For instance, a chatbot like ChatGPT helps create job descriptions (JDs) with all the details included as per the format. At an advanced level, they scan resumes to such an extent that profiles are filtered by the candidate’s skills, experience, and more.

An AI chatbot is capable of answering even questions like:

• Has the candidate got the right skill sets as described in the job description?
• Will the candidate adapt to the organization’s culture upon selection?
• Is the salary offered to the candidate enough to retain for a long time?

With the results obtained being positive, more companies are willing to prefer AI chatbots for their specialized hiring needs.

AI-enabled Recruitment Tools Require a Cautious Approach

Just because an organization has deployed an AI tool for its hiring needs, it cannot be guaranteed whether the solutions offered are of top quality always. Remember that the results obtained from any chatbot are a reflection of the way it has been programmed. So, it is important always that the chatbots are fed with the right data. This will help get consistent quality even after using the chatbot for a long time.

Take the Next Big Leap with Generative AI

Technology keeps evolving regularly. AI is not an exception to that. As the industry was thinking about what’s next after AI, the evolution of Generative AI has come as a fresh surprise to many. It carries forward the legacy of AI tools making the Recruitment process even better equipped.

Making use of Generative AI for hiring will result in:

Optimizing Job Descriptions

Are the job descriptions that have been created with the help of AI enough? Perhaps, no. After a certain period, those job descriptions are either recreated or optimized. How is it done? The answer is Generative AI. It is implemented because of an intuitive approach like highlighting in the JD what precisely is expected from a candidate.

Reducing Placement Durations

Open positions not filled in an organization for long are not a good sign. One of the reasons could be that the hiring strategy is not good enough to attract the right candidates for the open positions. Generative AI will help to erase such gaps by filling the positions as quickly as possible.

It’s a good sign that almost every organization is looking for one or the other AI tool for their internal recruitment needs. However, there are a lot of factors that play a potential role in zeroing upon one specific tool.

• Cost
• Platform
• Environment

In a Nutshell

AI Recruitment tools are here to stay with them about to play more significant roles in the future. The benefits are many like reduced hiring time and improved recruiter efficiency. Introducing in the recruitment life cycle, an AI tool impacts every stage.

Sourcing

You can generate profiles of the best talent from multiple sources for your job needs in less time. This is a handy feature for recruiters who face the challenge of filling their open positions faster.

Screening

The potential candidates will be chosen after they are screened from a large group of profiles or databases.

Scheduling

Each candidate will be allotted a unique slot to attend the interview. The AI chatbots are known to manage all the schedules and timings.

Onboarding

Candidates receive customized offer letters generated by AI, based on their job profile, experience, and compensation.

Thus, modern recruitment is all about an AI-based approach with a touch of human intelligence. Applicants irrespective of the job position they apply will realize a good candidate experience because of the involvement of AI. Organizations spend a lot of money on productive tools. However, the intention is to generate maximum ROI on each tool. The case of AI tools for recruitment too is no different.  Larger firms where recruitment happens on a huge scale are the ones who will benefit to a maximum extent in this case.

Mid-size companies can focus on cost-saving options like choosing an affordable package based on their expected hiring needs. A recruitment AI tool when aligned with a chatbot yields the best results.

With the frequent changes in technology, new features are incorporated into the AI tools making recruitment even easier.