How AI and Automation are Revolutionizing the Recruitment Process
Are you a business owner looking to improve your recruitment process? Artificial intelligence is the next revolution that will impact every industry and simplify even the most mundane tasks. In the new digital age, staying competitive as a business means evolving with the fast changing industry.
Implementing AI into your recruitment process offers a multitude of advantages. This article will explore the latest innovations in artificial intelligence (AI) and automation within the staffing industry, and how these technologies are transforming the way businesses hire talent. We’ll discuss the benefits of incorporating AI and automation into your recruitment process, such as reducing time-to-hire, improving candidate quality, and increasing overall efficiency. The article will also provide real-life examples of companies that have successfully adopted these technologies. The future of recruitment is here, and it’s all about working smarter. not harder.
Save your time, save your money…
Let’s state the obvious, the hiring process we are all familiar with is painfully slow. Sifting through resumes, conducting interviews, and waiting for background checks can take weeks. However, there is no longer a need for this process. AI can drastically improve your hiring process and decrease the time it takes to sort through candidates.
AI will act as the “first round” in hiring process. As candidates apply, AI-powered algorithms can choose the select few applicants based on predefined criteria. This criteria is based off of keywords and specific required skills from the job description itself. From there, recruiters can view the selections and decide whether to continue with an interview. This not only saves time for the employer, but the candidate as well because feedback is given quickly.
For instance, the fast-moving consumer goods company Unilever acts as an excellent example. By implementing AI-powered algorithms, it helped cut their hiring time by a dramatic 75%! This has revamped and modernized a well-known household company giving them a competitive edge.
AI simply acts as a match maker to find you quality candidates.
You might be thinking to yourself, “If I rush the hiring process am I overlooking quality?” However, this is the beauty of AI in the staffing industry. By using predefined criteria, AI can recognize specific skills and experiences that you are looking for exactly. Imagine the ease with instant access to a list of resumes that already meet your requirements.
AI can also pinpoint and provide insight to a candidate’s soft skills. This saves recruiters time whilst improving the quality of the potential applicants. With AI doing the hard work, companies are presented with the right talent and allows for candidates to be matched positions that are better for them.
IBM opted for an AI hiring process and found that candidates were more likely to remain in their roles after one year. Their system was able to predict when candidates plan to leave the company with 95% accuracy. Through AI-led assessments, IBM found suitable candidates that directly aligned with the company’s needs. This highlights AI’s capability to not only find talent quickly, but also to find the right talent.
Improving overall efficiency is the primary object.
Efficiency is the name of the game in today’s business world, and AI is the most valuable player. With the ability to identify trends and complete basic recruiting tasks, your HR team can focus on more strategic tasks.
Apart from resume sifting, AI can streamline the remaining facets of the recruiting process. From sending follow-up emails, collecting references, and setting up interview schedules, AI and automation can improve the overall effectiveness. By minimizing errors throughout the hiring process, AI saves time and guarantees a fair process for all applicants.
Take the global conglomerate Amazon, for example. By embracing AI to enhance their hiring process, time spent on administrative tasks with a program known as Hands off the Wheel. This is a true example of working smarter, not harder. This streamlined process continues to give Amazon a competitive advantage and dedicates more time to strategic tasks and less on administrative tasks.
Embrace the benefits of AI, just say YES!
The reality is that AI is here to stay and should not be seen as a threat. Now that we’ve discussed the potential benefits of AI and automation in the staffing industry, let’s discuss how AI and automation has helped YES in the recruitment process.
“Artificial Intelligence has been a boon for staffing insofar as it allows us to perform a myriad of tasks faster, or even better – it does them for us! We currently leverage A.I. and automation at each step our staffing process. In the past, applicants would apply and then wait to be contacted by a recruiter or scheduler, today we utilize a chatbot that communicates with applicants as soon as they apply, allowing the candidate to schedule their own interview date and time without the need of someone on our end helping them,” says YES Operations Manager Kaelob Miller.
“During their employment we use automation to send out reminders and check-ins to ensure the employee has arrived to their first day on time, while also providing a direct line of communication where they can request information or voice their questions and concerns. Lastly, these two tools provide an advantage for our staffing agency is that it removes the time burden of inputting administrative by hand and opens our schedules to focus on leadership and management development. Where we were taking four hours to run payroll, we now spend that time developing leaders who can operate more effectively within our organization.”
In conclusion, AI and automation is evidently revolutionizing the recruitment process. From reducing time-to-hire, improving candidate quality, and increasing overall efficiency companies like YES, Unilever, IBM, and Amazon have already reaped the benefits. Don’t be left behind in the competitive world of recruitment. Reach out to our staffing experts today to learn more about how our cutting-edge AI and automation tools can revolutionize your hiring process.
