How AI-Powered Recruitment Software Can Streamline Hiring Processes?
Recruitment is one of the most important functions of the Human Resources (HR) department in an organisation. This is because the quality of talent hired heavily influences all the functions of the organisation.
The end-to-end recruitment cycle entails finding the right talent and bringing them onboard. Seems like a simple and straightforward process on the face of it. But there is more to it than meets the eye!
The recruitment process has its set of complexities that HR professionals have to manage. And, in today’s world, recruitment has become more difficult due to the dearth of talent coupled with rising candidate demands. Recruiters need to attract the right talent and provide them with a great candidate experience.
Let’s look at the processes in a typical recruitment cycle:
- Preparing the job description: The first step is to understand the exact requirement and prepare a job description based on the hiring needs. The job description includes details like qualifications, experience, skill sets, etc., required. It also includes a description of the job role, key responsibilities, compensation, etc. The job description must be inclusive, attractive, and bias-free.
- Advertising the position: The job role can be advertised on social media channels, job boards, recruitment websites, company websites, etc.
- Application screening: This process entails scrutinising the applications received and assessing them to shortlist the best candidates for the job. This is a tedious and time-consuming process that is prone to errors.
- Selection of candidates: The shortlisted candidates have to go through skill tests and interviews before being finally selected. The HR department needs to organise offline/online tests and interviews as required. This can be a drawn-out process that not only extends the recruitment cycle but also has a great impact on the candidate experience.
- Hiring: This is the stage when the recruiter sends the offer letter to the candidate with details such as position, salary, work policies, and more.
- Onboarding: It is the process by which the company helps new joiners get familiar with their colleagues, culture, facilities, etc.
These are the stages in a typical recruitment cycle which, until a few years ago, were completed manually. However, manual processes have several bottlenecks.
Challenges in traditional hiring
Since traditional hiring depended on manual processes, they relied heavily on human judgement and interaction. Humans are involved in all stages of the recruitment process including job posting, application screening, skill testing, interviews, onboarding, etc. Human intervention makes the process prone to human biases and judgements that may lead to wrong hiring.
Manual processes are slow and error-prone. Sometimes errors in processes like application screening, skill tests, etc., can prove to be costly mistakes. In other words, erroneous processes could result in hiring the wrong candidates consequently wasting time, money, and resources.
Manual processes are labour-intensive. HR teams spend significant resources on low-skill repetitive tasks like screening, scheduling interviews, etc. This is not only an inefficient use of time and resources but also leads to a poor candidate experience.
What is (Artificial Intelligence)-powered hiring?
AI-based recruitment has proved to be a game changer. AI leverages advanced technologies like Machine Learning (ML), Natural language Processing (NLP), data analytics, etc., to streamline various stages in the recruitment cycle.
How AI-powered recruitment software can streamline hiring processes?
AI-powered recruitment has transformed traditional recruitment in several ways.
Some of the key areas that it has impacted include:
Automated candidate screening: AI algorithms can analyse and screen resumes in a matter of minutes saving time, effort, and enhancing accuracy.
Expands the scope of talent acquisition: AI bots can scan extensive databases, job boards, and professional networks to identify potential candidates.
Automated assessments and interviews: AI software facilitates conducting skill tests and interviews remotely. Online processes are cost-effective and faster. Besides, they boost candidate experience.
Data-based decision-making: AI bots gather and analyse large volumes of data and provide valuable insights to recruiters. These insights help recruiters identify and select the right candidates eliminating human bias and judgement.
These are some reasons for the widespread adoption of AI in recruitment.
Some interesting facts about AI in recruitment:
“90% of enterprises now use AI-based software to automate workflows and reduce administrative time.”
“68% of recruiters believe that applying AI in hiring will eliminate unintentional bias in hiring.”
How can HirePro boost the efficiency of your hiring strategies?
HirePro is an AI-based recruitment platform that automates the end-to-end recruitment cycle. HirePro offers a cost-effective hiring solution that speeds up the hiring process and enables recruiters to hire the best talent.
In Conclusion
AI has made inroads in the recruitment domain and is here to stay! AI software automates several manual processes boosting their efficiency. It augments the task of recruiters by streamlining different processes and providing them with valuable insights for better and faster hiring.
Resources:
