AI is present everywhere. It is touching multiple parts of our lives, and turning industries on their heads – particularly ones that have been slow to accept change. One of the key industries that have been slow to change is the recruitment industry.
Complaints abound where the wrong candidate has been selected, interview dates have been mixed up, and pre-employment tests are seen as arduous and time consuming resulting in many organisations just giving up on them.
As AI has entered the recruitment industry, it has come to light that a bulk of the valuable employee data collected – before and during the interview process – has gone to waste. This data can be leveraged for future purposes, but due to a lack of foresight, and access to pattern recognition, this data was unfortunately ignored. But not anymore!
Here are 5 ways the field of recruitment is seeing disruption with the power of AI:
Seamless interview scheduling is a huge benefit AI has brought to the table; a refreshing change from the tedium of synchronising multiple people, AI can make scheduling interviews a breeze.
One of the companies making great strides in adding value to the interview process through AI is X.ai.
X.ai makes the scheduling of interviews an easy task. Usually, the involvement of multiple parties makes setting up an interview time a tough ask. Someone may be flying out, have another meeting, or may even be on leave. X.ai takes all of this into account across the multiple people involved – even the candidate –and arranges for a convenient time. Further, when a time is set and a change occurs, X.ai can tackle this as well. It can coordinate timetables, pick out a date and time on its own, corroborate this across everyone’s schedules and send out an email to set a date, time and venue for everyone. Innovify helped one of the largest recruitment services company based out of UK to developer a similar digital product – Showcaser
2. Job Postings
AI and job postings make for a great pair. AI’s strength lies in tackling multiple points of data, and job postings become tricky to manage precisely due to the volume of openings a company has.
Managing these job postings across multiple platforms is no mean feat. In addition to the current openings, the sheer number of applicants from diverse channels (job portals, company website and more) only serves to compound the problem. This results in overlooking the right candidates, and incorrect assessment.
ClearFit is a great solution that tackles job postings, and even ranks candidates. It allows you to easily post a job across multiple job boards, and rank candidates that come in through those boards on the basis of the criteria you set. ClearFit claims a higher success rate than manually going through resumes one after the other.
3. Pre-interview Tests
The downside to skimming pre-interview tests is a poorly filtered pool of candidates. Done right, these tests can significantly improve your recruitment process; but they can be a challenge in terms of the number of tests required, results to be collated, and more.
AI tackles this beautifully. It assesses candidates, ranks them, and simplifies the life of the recruiter.
Filtered helps assess candidates through an auto-generated coding challenge. This platform caters to companies hiring data science and engineering candidates. A big benefit of this platform is that it also goes ahead and analyses the results. It picks out the top candidates, and ranks them for you.
4. Making Sure You Hire the Right Candidate
With the data that organisations have at their disposal on their current employees, AI has no problem building predictive models on who the right hire would be for a particular company, as well as, who is great at spotting talent within your organisation.
Ansaro, does just this – it uses interviewer analytics to increase the quality of hires. In fact, in times to come, we could even have models which pick out employees at a large organisation that have the most potential of rising through the ranks.
5. Interview Trail
Keeping track of multiple interviews is tough. In fact, in many companies, there are upwards of 10 rounds per candidate. Consolidating the relevant information across multiple candidates for multiple roles can be tricky.
A company called Wade and Wendy is trying to tackle this scenario. All the data collected about a particular candidate through the multiple recruitment processes s/he has been through is collected, giving the next recruiter a trail of interactions to follow, thereby painting a more detailed portrait of the candidate.
This ensures that no key information is lost. Interviewers have a ready bank of information to quickly search in case questions arise, and this even makes it handy when it comes to comparing multiple candidates to one another.
Given time, by analysing trends, AI could also predict if a good employee is on the verge of resigning, suffering a burn out, or in need of HR intervention. After all, preventing employee turnover is a perennial job in itself, because the best employees are always in great demand.
AI could cover the whole spectrum of recruitment – right from the time an employee is hired, to their entire lifetime with the company.
These are exciting times for recruitment.
There is so much potential to disrupt the industry and so many bright start-ups whose journey one can keenly follow to understand how AI is changing the recruitment industry, for the better. While it may sound easy, but bringing AI and recruitment together is fraught with challenges.
Having an experienced partner in your corner always helps. At Innovify, we have keenly followed the movements within the industry, are aware of the ensuing challenges and know how these can be solved. With experience across projects, we can help you avoid potential pitfalls, seamlessly enabling you to solve the challenges of AI in recruitment.
In a world that is becoming smarter every day, Innovify can help you with that extra edge that will allow you find a niche for yourself, and be a strong player who is ahead of the curve.
Contact US to know more about how we can help you build your platform, so you can conquer the world of smart recruitment.