Technology is drastically reshaping almost every industry, and recruitment is no different.
Over the past few years, we’ve seen a huge increase in the use of digital tools to make the hiring process far more efficient. As this trend continues, the future of recruitment will likely be shaped by advancements in technology. One of the most common buzzwords we’ve heard is artificial intelligence (also known as AI.)
But what does this mean for recruitment agencies, in-house talent teams and jobseekers alike?
In this blog we’re going to be exploring the use of AI in talent acquisition, and more importantly, what the future looks like. So let’s get stuck in.
1.
The Use of AI Chatbots to Boost Candidate Engagement
A study from AppCast found that 92% of job seekers fail to complete job applications. This could be for a number of reasons, but our best guess is that some job applications are just far too lengthy, inconvenient and don’t really do much in terms of candidate engagement or employer branding.
AI chatbots have taken the industry by storm, and for all the right reasons. Not only do they help keep candidates consistently engaged throughout the application process, they can also help answer questions on the spot and disqualify unsuitable candidates, saving you from irrelevant applications and more wasted time.
Another useful feature is the ability of chatbots to schedule job interviews. By integrating with calendar systems, AI-driven chatbots can automatically coordinate between a candidate’s availability and the recruiter’s schedule, saving you the need to reach out to a candidate post application.
2.
Using AI to help with Candidate Sourcing
AI has definitely transformed candidate sourcing, and probably for the better.
In the past, recruiters had to manually search through job boards or LinkedIn profiles to find the right person. However, thanks to tools like SourceBreaker, recruiters are now able to harness the power of AI to find more suitable matches quicker than ever before.
In 2023, one of the biggest hurdles for recruiters was the scarcity of talent, with 74% of them facing stiff competition for top candidates. This high demand highlights just how crucial it is for recruiters to act quickly in sourcing and engaging the best talent before their competitors do.
AI powered sourcing tools give you that competitive edge to find candidates quicker than your competitors, and with a higher level of efficiency – even if the people you’re looking for aren’t actively looking!
3.
Using AI to Streamline CV Screening
Screening hundreds (sometimes thousands) of resumes can be overwhelming. Technology helps by automating this process, scanning resumes for key skills, qualifications, and experience that match the job description. This saves recruiters countless hours while ensuring that they focus on the most qualified candidates.
According to Forbes, a recruiter will spend 6 – 8 seconds reviewing a resume. Recruiters will typically (on average) receive 250 applications per advertised role. If you crunch the numbers, that’s approximately 25 minutes per role spent shortlisting applicants. That’s almost half an hour of your day gone before you’ve even picked up the phone to make a single call.
So, with the introduction of intelligent resume screening systems, companies are able to not only save drastic amounts of money on hiring a bunch of resourcers… They’re able to operate more efficiently and make better, more informed hiring decisions.
What part does AI play?
