HomeTECHNOLOGYARTIFICIAL INTELLIGENCEHow Artificial Intelligence Is Transforming The Recruitment Space

How Artificial Intelligence Is Transforming The Recruitment Space

Technology has become an integral part of our lives, and it has changed the way we think and work. From education to entertainment, healthcare to finance, industries worldwide are using AI/ML-based technologies to enhance their existing systems and processes. The recruitment space is no exception. The use of AI in the recruitment process enables employers to make well-informed decisions and take out time for valuable tasks such as building relationships, interviewing shortlisted candidates, networking, etc.

The use of technologies such as ATS (applicant tracking systems), online job boards, and networking websites have significantly enhanced the recruitment process for both employers and job seekers. However, along with an increase in the hiring efficiency, online recruitment tools also create bottlenecks such as a surge of applications, unqualified candidates for recruiters. These issues need to be addressed to make recruitment more efficient and scalable. The ideal solution is to create an AI-enabled hiring process to match the right candidates with the best job opportunities.

Here’s how recruiters can leverage AI and related technologies to attract qualified candidates and enhance their hiring processes:

Resume and Candidate Targeting

Recruiters can use AI based recruitment tools to build a database of qualified candidates by matching the company’s job description to the candidate’s resume and shortlisting the closest match found. These tools use pattern matching algorithms to shortlist qualified candidates from a large pool of applicants. Using AI, recruiters and HR managers can automate routine tasks to save a lot of manual effort and time, increase productivity, and create an efficient hiring pipeline.

Candidate Evaluation

HR professionals can use AI-powered applications for conducting pre-screening digital interviews. This process can speed up the rate at which a candidate is evaluated and eliminate any chances of interviewer biases. The recorded interviews can be shared across hiring teams to check for transparency and candidate’s adaptability in their own time.

Improved Candidate Experience

Using AI-enabled chatbots, recruiters can now manage the candidate experience by delivering instantaneous and real-time responses, sharing updates and reminders, and providing feedback throughout the hiring process. These AI-powered automation processes can significantly reduce time-to-hire and time-to-interview by providing talent acquisition experts with valuable insights and eliminating bottlenecks across the recruiting process. With the help of Artificial Intelligence algorithms, chatbots can deliver conversational experiences to drive better engagement as compared to traditional emails, build trust with candidates, and provide a seamless experience to the applicants.

Soft Skills and Personality Testing

AI-powered technologies can be utilized in the video interviewing process to analyze the candidates’ facial expressions and reactions and generate a detailed report that can help recruiters gauge features like confidence, truthfulness, communication skills, body language, etc., and make well-informed hiring decisions. Recruiters can also create emotional intelligence tests to check if a potential candidate is a good cultural fit for the organization.

Efficient Remote Hiring

Technology has made it possible for companies to hire remote developers from across the globe and scale their teams faster than ever. Talent is not limited to any geographical location, and hence companies are shifting towards remote work culture to hire talented professionals globally. To make the hiring pipeline more efficient and scalable, we need something more than the traditional job listing platforms. And that is when the concept of a deep jobs platform comes into the picture. A deep jobs platform addresses the various stages associated with the recruiting process by using AI-enabled technologies and providing in-depth analysis for efficient hiring. It provides employers with the right signals/indicators to make effective hiring decisions.

Unlike traditional job platforms, a deep jobs platform offers support across the recruiting process like vetting, onboarding, providing collaboration and communication tools, managing payments, performance monitoring, among others. Turing is one of the deep jobs platforms that help match top remote software developers to the best Silicon Valley companies. Turing implements a vetting algorithm to select the best developers from a global talent pool of 700K+ developers, eliminating the chances of cultural or gender biases. It offers collaboration tools such as The Turing Workspace and Turing Virtual Machine that provide transparency, security, time-tracking, and workforce management features to both employers and developers. It provides boundaryless job opportunities to the developers from across the world and Silicon Valley-calibre talent to the companies, making a win-win situation for everyone involved.

How Can AI Shape the Future of the Recruitment Space?

It’s evident that AI can help make the hiring process more efficient by automating routine tasks, giving more time to talent acquisition professionals to focus on value-added responsibilities. In addition to this, AI-powered applications can significantly improve the job application experience for the candidates by delivering quick responses, providing feedback, and preventing their applications from going into a “black hole”.

Using AI in the recruitment space to source the right talent will allow companies to spend more time improving employees’ experience, developing internal talent, and increasing employee retention rates. Deep jobs platforms like Turing can help companies build their team faster and grow exponentially.