As businesses continue to implement Artificial Intelligence (AI) in its workplace, it looks like AI is slowly helping to improve the hiring sector. Experts suggest that using AI in hiring can reduce the load of the HR team of every businesses. In conversation with Yasharth Singh, co-founder and COO, Hire3X on how AI is transforming hiring process.
How is AI transforming the hiring process?
AI is changing how companies hire by enabling quick resume screening, predicting which candidates are best suited for the job, and assisting recruiters in making the right decisions based on data. Identifying trends across the industry, suggesting appropriate processes, and assisting the hiring team in understanding the requirements better are just a few examples of the scope of possibilities with AI.
For scheduling, AI can automate the recruitment team to build custom pipelines for each job, integrate the right third-party tools or use the ones available on our marketplace, engage the right panelists and vendors, and monitor the process throughout without the need for Excel trackers.
What do you see as the future of AI in the recruitment industry?
The future of AI in the recruitment industry is poised to be transformative, offering several advancements and enhancements that can streamline processes, improve decision-making, and enhance the candidate experience. From enhanced sourcing capabilities, where AI can consistently improve across multiple parameters to match the best profiles, to video analysis for deeper insights into personality traits for candidates submitting Video Resumes, there is a large scope of possibility for AI to assist talent acquisition teams in getting better results.
How can businesses address the concerns people have about AI taking over jobs, especially for young professionals?
With the time now that we have spent with this technology and the capabilities we are foreseeing, there is little reason for concern but a great opportunity to upskill and utilize this technology to achieve better results as individuals and as teams. Adoption and open dialogue with a positive mindset can help change the perception many businesses and individuals have around AI.
How can businesses create a symbiotic environment where AI and humans can co-exist?
This is a journey that needs to be taken up by both the businesses and the people working there. We have seen examples of advocacy for the introduction of AI from both ends, bottom-up and top-down, in different organizations, and it has had a positive effect where the path to enablement is thought through and initiated by businesses, and the adoption is led by team members. Whether it is the engineering team, marketing, or sales, the strategy and process of adoption will differ. It is for the leaders inside the organization at all levels to understand and hence help their teams utilize AI and identify the right engagement models.
How Hire3X is helping to use AI in the hiring process?
On the sourcing front, Hire3X is working towards enabling faster review of profiles through innovative graphical and video resumes. With a structured representation of data in our graphical resumes with the help of AI, we provide a quick, well-detailed outlook to the recruiters. With Video Resumes, the talent acquisition team can easily filter candidates based on soft skills even before moving to scheduling. Hire 3X also provides live, detailed visibility to leadership on progress, enabling them to make informed business decisions.
