What is AI-based Hiring?
AI-based hiring is the practice of using Artificial Intelligence algorithms and technologies to enhance the recruitment process. AI can be used to automate and improve the overall hiring process and candidate experience.
AI can be used for sourcing and identifying ideal candidate profiles, initial assessment of candidates’ skills and qualifications, and making informed hiring decisions using data analytics.
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What is the benefit of AI recruitment?
The first benefit of AI based recruitment is the automation of multiple aspects of the hiring process, which saves time and reduces costs.
AI can help with candidate sourcing from online platforms by identifying candidates who fit the job profile. It can scan hundreds of profiles quickly and saves recruiters’ time.
AI-based hiring also reduces unconscious bias during the recruitment process. It focuses objectively on the factors such as job criteria and the candidate’s experience. With bias mitigation, AI encourages diversity and fair candidate selection.
How Job Recruiters are Using AI in Hiring
AI has multiple applications that can be used to automate specific recruitment tasks and make them more efficient. Some of the primary uses of Artificial Intelligence in hiring are:
1. Screening Resume
AI can quickly and accurately analyze and evaluate hundreds or even thousands of resumes. Manually doing the same amount of work might not be possible or may take days, even months.
This can be counted as the most significant advantage of the AI-based hiring process, as it can scan the resumes for specific keywords, qualifications, and experience. It will filter the resumes and only show the best-matched candidate profiles to the recruiters and hiring managers.
2. Chatbots and Virtual Assistants
AI VAs and chatbots are other unique features that save time and effectively reduce costs. Chatbots can provide answers to frequently asked questions regarding the job position and company. In a similar manner, a virtual assistant can engage with candidates for initial screening.
AI-powered chatbots and VAs can collect essential data, conduct initial evaluations, and schedule interviews based on the results to save efforts and time for hiring managers.
3. Predictive Analytics
Artificial intelligence can also be used for predictive analytics by examining historical data and candidates’ performance metrics. It can spot trends and patterns to predict the impact of a candidate’s hiring on the company, such as the candidate’s success and employee turnover.
4. Assessing Candidate’s Skill and Personality
AI can help evaluate a candidate’s skills and personality traits with online assessments. This helps in finding candidates with the required competence and values that would fit the organization.
5. Facilitating Video Interviews
Artificial intelligence can help facilitate video interviews by scheduling interviews, providing recordings, and analyzing. AI can recognize facial expressions, gestures, and tone of voice to determine a candidate’s behavior and whether they fit the role.
What Companies Use AI in Hiring
Many businesses are turning to AI for their hiring needs. Some companies that have been using AI to enhance their recruitment process are:
- IBM Watson Talent
- Hilton
- Unilever
- Amazon
- Delta Air Lines
- Procter & Gamble (P&G)
- Siemens