We live in a world where change is inevitable, and that is just as prevalent in the Recruitment industry. AI (Artificial Intelligence) is something we’re seeing more and more of throughout the world and its different industries, this is no different for recruitment. But how exactly is AI affecting the industry and what can we expect for the future?
Before we tackle that question, let’s remind ourselves exactly what AI is:
“AI (artificial intelligence) is the simulation of human intelligence processes by machines, especially computer systems. These processes include learning (the acquisition of information and rules for using the information), reasoning (using rules to reach approximate or definite conclusions) and self-correction. Particular applications of AI include expert systems, speech recognition and machine vision.”
AI in recruitment is now considered as one of the next generations in a smarter, more efficient and hassle-free hiring cycle.
But what does that statement actually mean? Why is it considered that? Let’s look at what AI could be doing for the recruitment industry:
Candidate sourcing is one of the first and most obvious areas that could be affected by AI. The time required to find quality and suitable candidates is a time consuming and difficult task.
Using AI at this point would immediately allow you to reduce the time taken at the sourcing stage. Returning a number of valid candidates for various roles at a time, meaning the time that has been saved can now be allocated to another stage of the recruitment process.
Candidate Screening / Matching
Candidate screening is an extremely important, but also time consuming task. An employer can often receive hundreds of CVs for each of their vacancies, and it is now said that on average an employer spends 7 seconds screening each CV.
AI can be used to automate this process. By knowing exactly what skills and experiences you need from an applicant, it can quickly, and efficiently process all of your CVs for each vacancy and then providing a more relevant pile of CVs for the employer to check themselves. AI can offer recommendations on new hires!
Having this part of the process automated will allow employers to focus their time on priorities such as speaking directly with shortlisted candidates and screening them in a more personal fashion (face to face / telephone) that AI wouldn’t be able to assist with.
The future is bright for the recruitment industry, and if taken advantage of properly, AI could have a huge impact on the industry.
This is just two small parts to the recruitment process that AI could already have a massive impact on. The time & money saved from incorporating AI into these early stages could be massive, so it is very interesting to imagine what else AI could do to support the recruitment industry.
We’re already seeing AI branch into the recruitment industry through companies like Sniper AI and Textkernal who’re using AI to parse information from CVs and recommend candidates based on their suitability to the roles.