Artificial intelligence (AI) became a major part of how many companies do business over the last decade. From prediction AI to inventory management, there’s almost an AI solution for everything you can think of. This includes recruiting in the modern labor market.
AI recruitment software has become an increasingly important part of the hiring process. Finding the best candidate to fill positions has become an increasingly difficult task. The state of the labor market has become remarkably candidate-centric at a time when employees have shown an increased willingness to leave their positions. This means companies will need to do more to win over qualified candidates to choose them over their competitors.
Many recruiters and hiring managers have turned to AI recruiting software to better compete in this labor market. AI enabled software can often decrease costs and improve recruiting results. In fact, 67% of hiring managers have said that AI saved time in their work days, and 31% found better candidates.
Experts expect AI will continue to grow and develop to offer increasingly efficient solutions in the coming years. That means the proliferation, specialization, and development of AI will continue at this exponential rate for the foreseeable future.
Hiring managers and recruiters alike must join in on this trend to stay competitive. Qualifi can help you do just that. See how AI is changing recruitment firsthand.
So, what role does AI play in recruitment? The answer to that varies depending on what part of the hiring process you are referring to. However, overall, AI reduces time-to-hire by automating the most time-consuming and monotonous manual tasks facing recruiters. Using AI can automate up to 40% of a recruiter’s workday, allowing them to work on the most important tasks.
These are the tasks that are partially responsible for long time-to-hire rates. Qualifi is one such solution that helps reduce a recruiter’s workload, allowing them to screen up to 7 times more candidates in a day. Qualifi utilizes AI to analyze candidate interviews for important keywords. Qualifi uses AI to sifts through candidates, helping recruiters identify the best potential talent from their candidate pools.
Qualifi automates a lot of the interview process, which average recruiters report taking up to two-thirds of the hiring process. What’s more, although this can radically simplify and speed up the hiring process, it still relies on the expertise of your recruiting team to make sound hiring decisions.
Qualifi’s AI enables recruiters to interview and screen hundreds of candidates overnight. The recruiter can then listen to the interviews to make the final decision of which candidates best fill the position.
A lot of talent acquisition software out there now utilizes AI. AI is now assessing and interacting with candidates regardless of how they were sourced for many companies. This is natural as finding the right candidate has been one of the biggest challenges to attracting top talent over the last several years. As such, AI has developed to meet this need.
This technology comes with several significant use-cases for talent acquisition.
These are certainly not the limits of AI in talent acquisition. The ability to process masses of information and recognize patterns beyond the scope of human limits makes it a powerful tool. It is only a matter of finding the right tools that utilize it effectively. Use Qualifi to see the power of AI put to the task of screening candidate interviews.
With the rate that AI technology is advancing, it is likely we will see new AI tools appear capable of things we never thought possible. However, it is possible to speculate. The AI systems of today are likely to change depending on what performs well today. This means that tools such as AI applicant tracking system functions of today will only become more advanced and change according to the needs of recruiters at the time. We cannot see the future of AI in recruitment, but we can see the benefits of AI in recruitment today. It is safe to assume that these benefits can only increase. That means even better ROI, faster time-to-hire, and more comprehensive automation.