AI Is Changing the Recruiting Process
26
Sep
AI Is Changing the Recruiting Process

The job market moves fast. As an HR professional, you know how critical it is to fill positions quickly and with the best candidates. Traditional recruitment methods like job posting used to be a common way for job seekers and applicants to connect. However, according to the Candidate Experience survey, 60% of job seekers report having received a poor candidate experience and 72% of those respondents shared that bad experience was online or with someone directly. Besides that, sifting through piles of resumes and coordinating endless rounds of interviews burns time you don't have. What if there is a better way?

Artificial intelligence has transformed industries from transportation to healthcare. Now, it is revolutionizing recruiting. Powerful algorithms can analyze thousands of resumes in seconds to surface the most qualified applicants. They can scan keywords, assess culture fit and even analyze facial expressions and word choice in video interviews.

The robots are ready to help - are you ready to embrace it?

AI Chatbots to Engage and Screen Candidates

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By automating initial screening, chatbots can have a friendly conversation with hundreds of applicants in a short time. A study by Phenom People in 2020 shows that career sites with chatbots convert 95% more job seekers into leads, and 40% more job seekers tend to complete the application.

Once activated, AI chatbots get to work right away. They contact candidates through text or messaging apps like WhatsApp to introduce themselves and ask a few basic questions about their experience, skills, and job interests. Candidates simply respond to move through the automated interview.

Based on the candidate's responses, the chatbot determines if they meet the minimum qualifications for the role. Those who do are fast-tracked for review by the recruiting team. Candidates who don't currently match what the company is looking for are politely notified, saving everyone's time.

Some chatbots even analyze a candidate's language and responses to assess their communication skills, emotional intelligence, and potential culture fit. While still imperfect, AI tools are getting smarter at evaluating soft skills that are hard for humans to gage from a standard resume screening.

Automate Resume Screening With AI

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AI can parse through hundreds of resumes to instantly find candidates with the desired experience, qualifications, and background for a role. The software looks for relevant keywords, phrases, job titles, companies, education, and more. It learns what types of candidates have been successful in a given position and uses that to propose new, well-matched candidates.

According to Ideal, early adopter companies using AI-powered recruiting software have seen their cost per screen reduced by 75%, their revenue per employee improves by 4%, and their turnover decreased by 35%.

Conduct Interviews at Scale

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AI-powered interview tools can analyze a candidate's speech patterns, word choice, body language, and more to assess their potential fit for a job. Some tools generate custom questions designed to evaluate key attributes. They can even conduct initial screening interviews to identify top candidates for human interviewers. These tools claim to reduce bias in the hiring process by focusing solely on attributes that directly relate to job performance.

The Future of Recruiting 2023 report by LinkedIn shows that 74% hiring pros hope generative AI to automate repetitive tasks to prioritize more strategic work. Besides that, according to The Guardian, a survey of Australian public sector agencies in 2022 found at least 25% companies in this country had used AI-assisted tech in recruitment.

AI assistant to evaluate candidates’ expertise

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Some AI recruiting tools use skill assessments, questionnaires, and evaluations to analyze a candidate's abilities, strengths, work styles, and job preferences. The tools compare these results to the requirements of available jobs to suggest good fits. These types of assessments can evaluate both hard and soft skills to find candidates who would thrive in a position.

In 2022, General Motors has integrated Ev-e, a conversational hiring assistant chatbot into their recruitment process and saw $2M saved in hard costs by reducing recruiting contractor headcount.

Onboard New Hires with AI

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Once you’ve hired your new recruits, the onboarding process begins. AI tools can help onboard new hires and set them up for success. AI-powered learning management systems can create customized onboarding checklists and training plans based on the new hire’s role and skills. The system can automatically assign relevant courses and materials to help the new employee get up to speed. It can also identify and recommend additional resources for developing skills that may need improvement.

According to a 2022 state of employee onboarding report by Leena AI, 50% of HR professionals believe that AI can improve the onboarding experience. Besides that, in this report, many HR managers see it as a tool to lower costs (38%) and increase flexibility (43%). Other obvious benefits are eliminating paperwork (33%), minimizing errors (40%), and reducing repetitive admin tasks (35%).

AI-powered Social Guide

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An AI “networking assistant” can help connect new hires with colleagues and teams they’ll be working with by analyzing organizational charts and work dynamics. It can suggest potential connections, mentor matches, or working groups that would be mutually beneficial based on shared responsibilities, skills, experiences, and interests. This helps new employees start building their internal networks from day one.

According to a 2022 report about AI adoption by IBM, 26% of organizations are using AI for marketing and sales, while 22% are specifically using conversational AI or virtual assistants.

Rockship's story

Rockship was one of the first companies to hop on the AI recruiting bandwagon in Vietnam. At Rockship , we developed an algorithm to review resumes and help us figure out which ones we should look at more closely. The AI tool will not only screen through the resumes and pick who are the best, but it will also rate each candidate’s potential to rank the most promising ones.

Our definition of “promising” is broader than just traditional definitions, encompassing not just qualifications but also cultural alignment, motivation, and an expansive growth mindset. The criteria will be modified according to the job description so that every candidate's potential is captured to the fullest, paving the way for boundless opportunities.

Conclusion

So there you have it, HR folks. The robots are coming for your jobs, but not in the way you feared. AI is here to make your lives easier, not replace you. These new AI recruiting tools will handle the boring, repetitive parts of the hiring process so you can focus on more strategic work. No more slogging through hundreds of nearly identical resumes and cover letters. The algorithms will take care of screening, scoring, and scheduling candidates so you can spend your time on the human parts of the role - building relationships, assessing culture fit, and negotiating offers.

Unlock your best potential, a smart assistant is ready to help you.