The job search process is a whole new ball game today. Many among us recall spending hours carefully crafting a cover letter, experiencing intense nervousness before an interview, and preparing relentlessly – hoping to make a good first impression.
Fast forward to today, the advent of Artificial Intelligence (AI) has revolutionized how organizations approach talent acquisition. In most instances, the first level of interaction that your job application has is with lines of code that are intricately designed to parse your professional history and predict your potential. It’s another realm, where applications meet algorithms – one that promises unprecedented efficiency, accuracy, and better effectiveness. Welcome to the new era of AI recruitment!
AI and Modern Recruitment
As AI plays a significant role across multiple industries and functions, recruitment and job search are no exception. According to Resume Builder, half of companies currently use AI as part of their recruitment process and 68% will be using it to hire new talent by the end of 2025. The use of AI has made hiring more efficient allowing HR professionals to focus on strategic decision-making and engage in meaningful candidate interactions rather than slogging over more administrative tasks.
Here are a few ways AI is transforming the hiring process and marking a significant shift from traditional hiring methods.
Efficient Resume Screening
Let’s assume tech giants like Google and Microsoft announce job openings. We know that a single job posting by these companies can attract thousands of applications within hours. In fact, Google and IBM are known to process millions of resumes annually. Now imagine, how this tsunami of applications makes traditional recruitment practically impossible – thus, paving the way for AI to step in and ease the process. Modern AI systems go beyond simple keyword matching. They analyze writing styles in cover letters and adjust their findings based on user feedback to consistently improve their algorithm and responses.
Effective Video Interviewing
AI-powered video interview platforms are now highly sophisticated and aid in providing deeper insights into an individual’s verbal and non-verbal communication by analyzing facial expressions, word choices, speech patterns, and body language. Data derived through this technology helps to objectively assess a candidate’s confidence, enthusiasm, and communication skills without unconscious bias.
Intelligent Candidate Sourcing
Struggling to find the right resource? Leverage the power of AI to identify potential candidates, particularly for those hard-to-fill positions. AI can scour multiple platforms such as LinkedIn and other job boards to find passive candidates who match your specific position requirements. These systems are designed to analyze an individual’s online presence, his/her published work, and professional networks to determine if they’re a suitable match for available positions within your organization.
Challenges and Considerations
Empathy, transparency, and understanding are vital elements of the HR function and recruitment process. Some believe that automation and an increasing reliance on AI will result in a complete loss of the human element in the hiring process. This over-reliance on technology also increases the risk of missing out on qualified candidates who don’t fall into pre-defined or standard algorithms. Furthermore, in the quest to quantify candidates, these systems can completely miss out on identifying intangible qualities in individuals such as creativity, emotional intelligence, interpersonal skills, and adaptability.
In your aim to harness technology, you must remember that the human element serves as the heart of your company. Incorporating technology does not mean people are no longer needed. Rather, technology possesses an innate ability to improve processes and achieve success. But this only takes place once you allow it to improve your culture and your people.
The Future of Hiring
From here on, AI’s role in hiring is likely to expand further. Emerging technologies will be used for skills assessment and advanced analytics will help predict employee retention and business success. But at the crux still lies the human element which will play a pivotal role in forging long-term relationships.
At Crosworks we can help you streamline your hiring processes and connect you with candidates who best fit your skills and competencies requirements. Our experts work closely with organizations to help them attract and retain their talented workforce by giving them the right tools to chart a path of goal-driven development. Schedule a call with Crosworks to learn about how we can help your organization identify and orient key strategic hires.