by: Shiney Felix | Nov. 20, 2018, 3:36 p.m.
Technology is being adopted for the survival of most businesses. In a market with heated competition, businesses depend on technology to enhance efficiency, achieve more clients and cut expenses. Technology is being implemented in almost every domain, and even in recruiting. Recruiters have utilized technology to make their job easier, faster, and better. Today, the leading theme in HR technology is AI for recruiting.
AI for recruiting is the application of artificial intelligence, such as significantly reducing the operational burden by automating low level tasks and providing better information for decision makers. Recruiting is a high-touch activity across the organization and bringing the right people on board is a major part of long-term business success. Artificial intelligence in recruiting has enormous potential in accelerating hiring, in removing manual tasks and in making recruiters far more productive. According to reviews and studies, up to 44% of businesses are incorporating AI in recruiting process to streamline and automate some part of the recruiting workflow, especially high-volume tasks.
Here are some benefits of AI in recruiting industry.
Artificial Intelligence has changed the recruiter’s role in recruiting process. It makes recruiters to conduct fast and strategic hiring by selecting the right candidates. AI in recruiting optimize the overall hiring process and HR professionals can work on other important tasks like spending more time with candidates to observe their personal attributes to decide whether they are fit for the organizational culture. Recruiters can close the loop with their managers in decision making, because AI provides quality resumes of efficient candidates.
Algorithms can outperform human experts in hiring because studies have shown that humans are notoriously terrible at selecting the right applicant. In many companies the recruiting process is stuck because of increasing amounts and diversity of data, human bias, interviewers’ opinions etc. AI can provide significant value to both companies and applicants because this technology can automate many of the responsibilities that are time consuming and difficult for workers. AI is a faster and more efficient solution for companies to employ as a part of their HR efforts.