– By Sarbojit Mallick
The present digitally-driven world is moving at an unprecedented pace. Forward-moving organizations are constantly seeking innovative ways to optimize their recruitment strategy. Considering the burgeoning need for a highly efficient and effective recruitment process, the use of Artificial Intelligence (AI) is taking the industry by storm. It brings a tectonic shift in the present market landscape demonstrated by the market size of the AI-powered recruitment software market, projected to reach USD 890.51 million by 2028.
Imagine a scenario in which you are a recruiter and your company has mandated you to hire 20 non-tech professionals across departments in a month. Hiring the right candidate within a short timeline can be cumbersome and time-consuming. That’s where AI integration comes in. Advanced AI tools can seamlessly supplement the recruiter’s job by streamlining certain mundane tasks, facilitating unbiased hiring and providing relevant data for insightful decision-making.
AI continues to revolutionize the recruitment space
The integration of AI in the human-oriented sector reshapes the future outlook of recruitment. It blurs the line between human input and AI capabilities, opening more avenues for organizations to acquire highly skilled talent. This revolution is not aimed at replacing recruiters, instead, it augments their efforts by making hiring more optimised, lean, and humane than ever before. The advancements in AI-enabled recruitment tools further revolutionises the way we attract, engage, evaluate, and onboard talent.
Increased optimization and efficiency
AI tools ease human recruiters’ jobs by streamlining processes such as resume screening, interview scheduling, and initial resume shortlisting. By taking over mundane tasks, they help recruiters focus on more critical and productive tasks. Recent stats suggest that 42% of recruiters forecast AI to play a more strategic role by enabling professionals to engage in relationship-building, proactive hiring strategies, and educating recruiters and talent managers in using AI for better efficiency in hiring.
Data backed approach
AI tools have the capability to analyze hiring projects and offer analytics related to candidate interactions, employee data, etc. These insights are time-taking for humans to sift through each resume and evaluate for better decision-making. Hence, data-driven strategies enable them to gather concrete insight-based evidence and take a strategic step in hiring.
For instance, AI predicts analytics to highlight appropriate candidate sources that yield long-term results, while Machine Learning (ML) algorithms can identify patterns in finding the best-fit candidates, helping organizations achieve hiring goals with greater precision.
Automated ‘employer-employee’ communication
With automation capabilities, AI significantly enhances candidate experience by expediting the hiring process. It automates routine communication between employers and candidates while delivering a more personalized process. In addition, automation helps recruiters in streamlining candidate updates, scheduling interviews, and answering candidate queries with the help of AI chatbots. This ensures that candidates are informed and engaged throughout the hiring journey, further mitigating potential biases and promoting a more inclusive hiring experience.
Enhanced candidate onboarding
Organizations leverage AI tools to provide personalized and on-demand support to new joinees.
By integrating AI chatbots, new employees get access to 24/7 support and answers to the most common questions that help them settle down in a new work setting. Moreover, recruiters can tailor induction training based on each candidate’s job role and skill level. This approach helps organizations in stimulating engagement, reducing manual work and accelerating the process of providing an inclusive work environment.
What’s next?
The use of AI in recruitment is not merely a passing trend. It is a revolutionary integration that continues to stamp an indelible mark on the recruitment industry. Human recruiters will remain indispensable for critical aspects like workforce planning and building. On the contrary, AI can be delegated with streamlining and automating processes where human intervention can take a back seat. The combination of AI and human expertise can redefine the way organizations hire talent.
(Sarbojit Mallick is the co-founder of Instahyre.)
(Disclaimer: Views expressed are personal and do not reflect the official position or policy of Financial Express Online. Reproducing this content without permission is prohibited.)