Successful recruitment is judged by two factors – the quality of the candidate hired and the recruiting time. Recruiters are actively looking for ways to improve the quality of candidates while reducing costs and processing time. AI is posed to revolutionize recruitment by improving its effectiveness and boosting employee satisfaction by creating a more cohesive and streamlined process.
Research suggests that recruiters spend on average 15 hours per week actively recruiting for one role. This research suggests a single recruiter completes an average of two hiring processes per week.
The 2021 Recruiting Benchmark Report by Jobvite shows that the majority of employers take one month to fill vacant job positions, impacting company productivity.
Why is recruiting a labour-intensive task? Over 50% of HR professionals have identified administrative tasks, such as screening candidates, as the most challenging aspect of the process. Investing in AI will automate the workflow aspect of recruitment and improve the quality of candidates hired.
How AI Improves Recruitment Processes
AI has the potential to streamline the recruitment process by automating many of the labour-intensive aspects, particularly within the workflow. It can perform high-volume repetitive tasks and remove human bias from the early application stages.
Utilizing AI can improve the experience of the HR recruiter and applicant by leading to more informed decision-making and reducing recruiting time. AI tools can be integrated into the recruitment process, from carrying out background checks to assisting with employee onboarding.
AI can only achieve its potential within recruiting when paired with a team of skilled recruiters who understand their industry and clients’ needs. While AI can deliver dozen of benefits, there are a few specific elements that can improve recruitment effectiveness and employee satisfaction.
Reduce Hiring Time
While there’s no suggestion that AI could do the job of a professional recruiter, it can assist with reducing hiring time by eliminating manual tasks. AI tools and software can remove repetitive tasks that take up the majority of a recruiter’s working hours, including background screening, candidate tracking, and interview scheduling.
Recruiters who work alongside AI software and systems can streamline their workflow to spend more time dealing with the nuances of specific roles than carrying out mundane tasks.
Improve Quality of Hire
AI can make recruiting more effective by improving the quality of the candidates hired. Graduate roles and leadership positions can be difficult to shortlist with recruiters spending time manually going through a large pool of applications.
AI and automation can search through the data within applications to determine their suitability for the rule.Using AI regularly will enable it to become more intelligent with time, becoming a useful tool for passive candidates.
Conducting Background Checks
Carrying out candidate background checks is one of the most time-consuming repetitive tasks for recruiters. Background checks are carried out to reduce risks associated with specific candidates.
Investing in AI means that recruiters can conduct background checks more simply and quickly than going through each manually. The system can remain unbiased as it becomes smarter with use, identifying potential risks and flagging applications that require a manual review.
Enhanced Communication and Integration
Manual tasks mean that recruiters often don’t have the time to communicate with clients and candidates. AI has the potential to bridge the gap between tasks to enhance communication. Software can keep candidates up to date with their applications and rapidly reply to general enquiries through the use of chatbots.
Staying in touch with candidates can keep them engaged with the process and reduce candidate dropouts. Communication is where the effectiveness of AI is at its peak with software that can be integrated into the recruitment process.
The best way recruiters can utilise AI is by identifying the specific problems that exist within their recruitment process. Software and automation can be incorporated into each aspect of the process, from screening candidates to scheduling interviews and checking employee referrals.
Investing in AI that can be easily integrated into the company’s internal communication set-up makes the transition even easier and more effective. Searching for software that complements the recruiter’s operations can improve output immediately.
Checking references is another manual task that takes up a recruiter’s time.Most employers require at least two references per application to verify their suitability for the job. Conducting reference checking is time-consuming, particularly when trying to reach referees by phone or email.
Utilising AI streamlines the reference-checking process by automating the information assembly, including sending out reminders and providing questionnaires to standardise responses.
Provides Hiring Consistency
The goal of recruiters is to create a standardised hiring process that can adapt to the specific requirements of clients to deliver consistent results. Utilising AI software can add constituency to each step of the process by integrating the recruiter’s logo and marketing material.
It can also ensure that a consistent tone is used during advertising and messaging, along with creating custom messages relevant to applicant enquiries.
New Employee Onboarding
The potential of AI doesn’t end when a client is hired. Investing in AI and automation can improve employee satisfaction by streamlining the onboarding process. AI can create a 24/7 onboarding process with chatbots that guide new employees through the process and provide automated answers to common questions. It can reduce the cost and time associated with transitioning employees into new positions.
AI And Talented Recruiters: A Winning Formula
How can you get the most out of AI when recruiting? By combining it with skilled recruiters for a winning formula. While AI can improve efficiency by automating manual tasks, it cannot conduct the recruiting process independently of recruiters. AI software will provide the data to improve decision-making and automate repetitive tasks to speed up the recruiting process and free up time for recruiters.
Successful recruiters can leverage AI to reduce time-consuming manual tasks and bridge the communication gaps to keep candidates engaged and clients informed. The best way for recruiters to find the most suitable candidate as efficiently as possible is by utilising the potential of AI and automation.
Author: Adrian Lawrence is a Director of FD Capital a leading London based FD and CFO recruitment boutique, he is an experienced CFO and business turnaround specialist.