What is AI Recruitment Software?
AI recruitment software is a technology solution that utilizes artificial intelligence and machine learning to enhance and automate multiple tasks in a recruitment process. Such AI-based tools allow the automation of repetitive tasks, analyze large numbers of applications, and provide data-driven insights to enhance and simplify hiring activities.
AI software provides the ability to design optimal workflows, effectively source talent, schedule interviews, and engage with candidates in real-time using AI-powered virtual assistants and chatbots.
📌 Discover the list of hiring and recruitment glossary terms that every recruiter should know.
How much does AI Recruitment Software Cost?
Typically, the cost of AI recruitment software ranges from $49 to $199 per month.
However, the software cost depends on a number of factors, such as features, functionalities, number of users, company size, and customization level.
Most AI recruitment software companies offer a pricing model where they charge a specific amount for every user or candidate. The total cost in such a scenario will skyrocket if more recruiters want to use the software. However, other AI-powered recruitment software providers also offer subscription plans depending on the business’s needs or charge a small percentage of the annual recruitment budget.
How Job Recruiters are Using AI in Hiring
AI recruitment tools have streamlined the hiring process by reducing manual labor and allowing recruiters to review thousands of applications quickly and efficiently.
Some ways job recruiters are leveraging AI in making hiring decisions:
1. Screening Resume
AI software can screen hundreds of resumes accurately in a short duration and spot the relevant skills, qualifications, and experiences in them. With the insights received from software, recruiters can shortlist candidates that best fit the job criteria.
2. Virtual Assistants & Chatbots
Candidates must have lots of questions and doubts regarding the position and the organization. AI-based chatbots and virtual assistants can interact with the candidate to provide detailed information about the role, answer frequently asked questions, and also help with the application process. They can also be used for initial screening by asking basic job-related questions and storing the answers.
3. Video Interviews
AI recruitment software can be used for scheduling, hosting, recording, and analyzing video interviews. AI technology can scan a candidate’s facial expression, verbal cues, and demeanor to create a candidate profile. Recruiters can evaluate this data to ensure the candidate’s suitability for the role and the company’s culture.
4. Quality Hiring
AI-powered tools can find the most suitable candidates based on the job description. It can search for candidates on various platforms, such as career websites, job boards, and even social media. Artificial intelligence matches the candidate’s profile with the job description to inform recruiters of the candidates that best fit the criteria.
5. Candidate Relationship Management
AI recruitment software helps recruiters manage relationships with candidates. They automate communication, provide feedback, and send updates to manage engagement during the recruitment process.
What are AI Recruitment Software Examples?
Some of the most popular AI recruitment software examples are:
- WebPipl
- Manatal
- Fetcher
- Zoho Recruit
- HireVue
- Source Developers With Toptal
- BreezyHR
- HireEZ
- Entelo
- JobAdder
- Paradox