Talent acquisition is among the most critical affairs of any corporation. Most companies prefer to take an old-school approach to recruitment by getting up close and personal with, developing a bond with, and garnering the loyalty of an applicant.
Unfortunately, the reality is a bit harsher than that. Finding, connecting, and retaining people is difficult. One bad judgment call can cost an enterprise huge money.
That is where Artificial Intelligence (AI) comes in. Recruiters can use AI to find the best candidates without working 25 hours a day, 8 days a week.
AI frees up your team to focus on the important stuff by automating time-sensitive tasks like interview scheduling, resume screening, and pre-selection. This way, you can build genuine relationships with high-profile candidates.
AI can help you find the right candidates, ask the right questions, and make smarter hiring decisions. These 5 top AI recruiting benefits will help you understand how AI can strategically improve your recruiting.
Building a Dream Team
AI can improve your applicant pool quality in multiple ways. It can help you write clear, descriptive job descriptions in the first step, explaining what you’re looking for in applicants.
When your job description accurately describes your ideal candidate, you’ll get more qualified applicants and fewer unqualified ones.
AI targets people based on the variables you choose. The right message, to the right person, at the right time, boosts conversion rates by attracting the right people.
Automation of Arduous Tasks
Recruiters can use AI as a personal assistant. It can automate many of your time-consuming tasks. Scheduling software and automated resume checkers help you get things done without interrupting your busy schedule.
Chatbots or automated messaging services can automate the tedious and redundant intimation exercise. Through AI, candidates can get answers 24/7 via automated hiring and job questions. This reduces your email and phone response time without affecting the candidate’s experience.
Cost-Effectiveness
New hires can be expensive. You want to hire the right person when posting job applications, screening applicants, hosting interviews, and training employees. AI-based recruitment costs slightly more, but it improves the hiring funnel and boosts long-term Return On Investment.
AI reduces the need for recruiters, interviewers, and employees and ensures you hire the right person the first time. Hiring better employees reduces turnover and saves money on training, signing bonuses, and other hiring costs.
Saving Precious Time
Efficient hiring has its drawbacks. You want to hire the right person, but you also need to do so quickly and cheaply.
That doesn’t mean that you hire the first person who applies. Remember the infamous project management dilemma triangle where you had to choose two out of “good,” “cheap,” and “fast”? Recruitment is similar.
AI in recruitment can solve this problem. It speeds up the interview process without compromising candidate quality by reducing the time you spend screening resumes and applicants. Win-win.
Making Recruitment Seamless
Your recruitment process must run smoothly to attract top talent. Top candidates may get lost in squeaky areas and go to your competitors.
Recruitment requires you to keep an eye on the big picture to ensure you’re bringing the right applicants through the process and making it efficient.
AI can serve you best in this regard. AI is essentially an amalgamation of data. Many AI tools collect and present data in a meaningful way. AI can help you “grease the machine wherever it squeaks” by organizing your recruitment funnel data, ultimately allowing you to build a team of winners.
