6 Advantages of Using Artificial Intelligence
The human resource in any organization is one of the most essential parts of its operations. Without manual intervention, most organizations will fail to exist. So, the process of filling up positions in a company or organization should be taken seriously.
The process of hiring or recruitment refers to the act of identifying, attracting, interviewing, selecting, and then finally hiring the right person. It even involves the onboarding process, making it an umbrella term for the whole process of filling up a vacant position.
Recruitment Types and How It Is Done
Recruitment can be categorized into these two major types:
- Internal recruitment - this refers to the act of recruiting personnel from the already existing pool of staff. This means the resources are readily available within the organization. This can be carried out through transfers, promotions, or reemployment.
- External recruitment - on the other hand, we have external recruitment. As the name suggests, the resource persons will be coming from outside the organization. That's why external recruitment relatively costs more time and money than internal. This can be done through advertisements or job listings.
Before, recruitment was done through manual processes done by real people. But as more technological innovations are launched in the market, recruitment processes have upscaled.
Today, the recruitment process can be carried out through AI recruiting software. This kind of technology helps recruiters improve the process. It can help remove biases in recruiting, save time and money, and even accurately match skills and the available job position.
Below, let us talk about the advantages of using AI in the recruitment process.
Artificial Intelligence in Recruitment
There are many advantages of using artificial intelligence(AI) in recruitment. Let us see quite a few of them.
1. Artificial Intelligence in Recruitment Saves Time
Businesses today are running faster than ever. HR Managers in reputed organizations are running out of time to do their daily chores. They don't have a dedicated time for screening candidates for recruiting. One of the most common problems that recruiters face is the lack of time in doing the whole process.
According to Forbes, sorting out the right resume out of piles of online files is a humongous task and takes a lot of time. Feeling tired? You don't have to, as AI recruiting software will come to your rescue.
With its robust keyword search algorithm, online mass screening of resumes online becomes easy. AI usage reduces the time per hire. This saved time reflects an increase in productivity. Thus, an up to company's profit too.
It also has a database of selected candidates, following up their joining. It helps in the onboarding process too. Thus, it reduces this tiring workload of the HR, who otherwise should do it.
2. Reduces Cost
An AI recruiting software has specific filters. It could ease the job of the recruiter by scrapping out unfit applicants. It can do it manually or by automation. Thus, it reduces the cost of hiring and is more effective.
Using the correct keyword search, you can hire for many roles simultaneously. Thus, it saves time and the overall costs of recruitment.
3. Improves Efficiency
An organization may have candidates who have performed well in the interview but job offers weren't given due to the then paucity of jobs. Various organizations store such details of these candidates in their database to prioritize them when a relevant need arises in the future.
But there is inadequate synchronization of this database. Issues exist as it is not frequently updated and is poorly optimized. An AI recruiting software can store these details in an organized manner. It recommends a relevant candidate while posting the job, based on the data about their previous performances.
To add up, AI is used to detect the employees who plan to leave the organization. It helps to better plan for recruiting another fit person for that position in advance.
Do you know that artificial intelligence in recruitment can also help in choosing the right candidates for a job? Let us see how.
4. Helps in Choosing Right Candidates
With current software developments, applying for a job has become easy. And because of this, resumes received for a job, never have a 100% fit. Resumes with inadequate experience and qualifications often land up. They increase the complexity of recruitment.
An AI recruiting software helps in the proper fit of the employees, to match the needs of the employers. It deploys more high-level features like evaluation of behavioral aspects of candidates.
Use AI in the online interview process like using cameras during tests to end proxies. It helps in selecting a refined candidate with the qualification an organization demands.
5. Artificial Intelligence in Recruitment Satisfies Employers
Beyond reducing the time and cost of hiring, AI recruiting software helps employers in additional ways. Hiring the right person leads to higher retention of employees. AI boosts employee morale and engages them as a team. It leads to a cohesive organization.
Usual recruitment processes may imbibe the stereotypes of the recruiters. Even reputed organizations aren't immune to this allegation. It leads to the fear of the discrimination of deserved employees.
Thanks to its non-human nature, it doesn't have any stereotypes. It leads to unbiased hiring of employees only based on merit and performance. AI is used to detect toxic workplace behavior too.
Thus AI recruiting software helps in upskilling the recruiters to fine-tune their hiring capabilities. With satisfied employees and a robust talent acquisition team, AI satisfies the employers.
6. Artificial Intelligence in Recruitment Satisfies Job Seekers
Artificial Intelligence in Recruitment makes a paradigm shift in the modern recruitment process. Job seekers are happier with AI recruiting software, because of its features.
AI helps job seekers by giving data to enhance job search. It gives information like location-specific jobs, hiring trends. It also provides details about the reputation of the employers, and what salary to expect. It gives the job seekers relevant data to make an informed decision to choose a job they dream of.
Besides, AI helps in scheduling interviews, in website chatbots. With its random sampling algorithm, AI paves way for unbiased hiring.
The upcoming era is the era of artificial intelligence. We have seen the diverse uses of artificial intelligence in recruitment. This technology, as of now, is promising as it has helped upscale the recruitment process. Various AI recruitment platforms in the market provided efficient solutions to different organizations.
Did you find this article helpful? Share your thoughts with friends...