How AI is changing the world of hiring

Until a few years ago, artificial intelligence (AI) was an extraordinarily futuristic concept thought up by extremely creative imaginations. Today, AI is a functional part of human lives. From automotives to education, and marketing to advertising, AI has disrupted almost every aspect of different human experiences.
But what exactly is AI? AI can be defined as the technology in-built in computer systems to perform functions, replacing human intervention. From self-driving cars and voice assistants, to targeted advertisements, AI usage is designed to streamline, automate high-volume or mundane tasks, and reduce operational cost and time.

AI FOR RECRUITING

With such widespread usage it was inevitable for AI to become a vital part of the recruitment process. AI is also changing the way companies hire. Companies, these days, have multiple positions to fill, for which often thousands of people apply. AI helps sort through the piles of resumes, shortlisting the ones best suited for the role at hand. From video interviews and online assessment to shortlisting, screening, predicting future performance, and onboarding Digital Recruitment – The journey so far and the Road Ahead recruitment has undergone a drastic change, thanks to AI.

Talent sourcing

In the race of hiring the top talent, sourcing candidates is the first hurdle. AI-based tools can interpret a requirement, and translate it to a job description that is relevant and sans biases.
These tools are also capable of scraping databases from various platforms to match you with the best candidate, before your competitors. Recruiters can even automate the outreach once the candidates have been shortlisted.

Talent screening

Manually screening resumes is still the most time-consuming aspect of talent acquisition. For a single hire, recruiters end up spending hours of their time pouring over countless resumes.
AI-based tools can help recruiters streamline the process by facilitating quick and efficient collection of data through varied personality and skill-based screening tests.

Talent assessment

Companies spend a lot of time assessing prospective employees. Using machine learning, AI can analyse answers and video interviews and gauge whether it fits your requirement, helping hiring managers make better and informed decisions.
AI can also help improve the quality of hire. Using the data it has collected, AI can match companies with the candidate best suited to the role, giving them an edge over their competitors.

Onboarding

It is no secret that seamless onboarding is a necessity to ensure a superior candidate experience. AI has eased the administrative burden by simplifying and automating the tasks involved in onboarding employees. The tasks could be as varied as document verification, and guiding new employees and answering their questions through AI chatbots.

THE CHALLENGES OF AI IN RECRUITING

By screening resumes, shortlisting candidates, assessing talent, scheduling interviews, and predicting their performance – AI can make hiring effortless and efficient for you. However, though the results are promising, there are a few challenges that need to be addressed before you dive headfirst into the world of AI.

AI is built by humans and trained on human data, which is why it sometimes picks up on human biases. However, innovative training techniques and the right set of inputs have made a significant difference when it comes to eliminating some of these biases.

Ethics and privacy are two other significant concerns when it comes to AI. To function accurately, AI needs a lot of data that some people might not be comfortable sharing. So, it is important you maintain transparency and work towards empowering your people with information so they trust you enough to give informed consent. In some cases, skepticism about new emerging technology may also discourage the early adoption of AI.
Another challenge that AI is yet to overcome is the lack of human touch. While AI can successfully match a candidate’s skills to a job requirement, there may be dimensions of aptitude, attitude and personal capabilities that it is learning to gauge and assess.

BEST PRACTICES

Recruiters need to focus on acquiring or building ethical AI considering its pitfalls. So, where do you start? Work towards instilling a sense of confidence amongst employees and candidates so that they are aware of what they are getting into and can provide relevant data for efficient machine learning. Providing transparency on the process and the data collected is also an essential aspect of educating your employees.
Take steps to avoid human biases from seeping in during the development of AI assessment. For this, you need to make sure that training sets are diverse and unbiased. If you are looking to outsource recruiting, test the algorithm with different groups and evaluate the results.
With a pandemic underway, incorporating AI in your day-to-day business is no longer an option, but almost a necessity. At HirePro, the complete hiring life cycle is powered by AI. This ensures that the recruitment process is authentic and credible in its entirety.
With our technology platform, you can find the best talent from anywhere, anytime, and at any scale. Harness the power of AI in recruiting with HirePro. For questions and inquiries, call us at 080 6656 6000 or write to us at sales@hirepro.in.