Recruiting with AI: Winning the race for talent

  Apr 7, 2022

Since the outbreak of the Covid-19 pandemic, businesses across the globe have become more open and engaged in looking out for and adopting the right technologies that will not just set them apart, but also help them survive the effects of the pandemic. One such development has been the openness among companies to leverage artificial intelligence in their recruitment process. The recruitment and HR sector has been noticeably disrupted by a chain of recent technology breakthroughs.

While technology has increased transparency and efficiency of the hiring process over the past two decades, traditional methods are falling short in the uber-competitive struggle for talent. As a result, many businesses are attempting to incorporate modern technologies into their recruitment processes. AI-driven hiring solutions are transforming the recruitment process in the corporate sector. For example, AI shows recruiters, managers, and concerned HR teams how hiring based on ‘adjacent skills’ offers a plethora of opportunities for candidates, particularly for candidates from underrepresented groups. Considering all its benefits, it is not a surprise that companies are widely and quickly adopting AI to get a competitive edge in the war for talent.

Challenges to be addressed

Today, recruiters are under pressure to respond swiftly to a turbulent economic environment caused by large numbers of freshers and job seekers coupled with low employability. With manual hiring processes, companies struggle to identify and source quality candidates on a mass scale. Tracking and categorizing large-scale recruitment metrics generated by numerous applicants is another challenge that most recruiters face.

Many firms struggle to build well-structured and efficient recruitment processes. Ensuring effective, data-driven recruitment and employee development initiatives are more complex than they seem. Besides, other challenges such as lack of centralised visibility to govern assessment procedures, and poor administration and coordination between departments, hamper the effectiveness of the recruitment process.

AI for effective recruitment

AI-powered recruitment platforms are the most recent addition to the arsenal of modern recruiters. Talent management teams are seeing an increase in Artificial Intelligence use cases in recruitment. As a result of the third wave of Covid-19, not only is the global workforce back to working from home, recruiting as a process is also shifting online.

Artificial intelligence (AI) is steadily giving a face-lift to recruitment and talent management. It allows uninterrupted talent acquisition with high reliability. By comparing portfolios, screening prospects, and automatically creating reports, AI can sift through large amounts of data, identify patterns, and learn over time in order to find suitable candidates. Through its ability to automate the entire recruitment process, AI directly results in identifying a superior talent pool. Integrating AI-driven talent sourcing into any organisation is not only beneficial but critical to winning the race for talent.

Benefits of AI in hiring

AI can create a seamless recruitment process in the following ways:

With AI, end-to-end recruiting operations may be completed swiftly and digitally, allowing the operation cycle to be optimised. It also improves match qualified people to appropriate jobs. Data-driven recruiting reduces manual processing, resulting in a system that is more unified, unbiased, cost-effective, and frictionless in the present and future. This will also ensure a very seamless and pleasant experience for candidates and new employees.

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