AI Transforming Hiring and Recruitment

Photo by Alex Knight: https://www.pexels.com/photo/high-angle-photo-of-robot-2599244/

 

AI is being increasingly leveraged in the hiring and recruitment process by companies seeking to hire the best talent, as well as recruitment agencies and platforms that aim to provide the best possible candidates to their clients. Generative AI, in particular, has been found to be particularly effective in helping acquire talent.

From writing job descriptions and scheduling interviews to matching credentials with job requirements, AI has made the HR process smoother and much more efficient than before. Besides, AI frees up time that HR personnel would spend on mundane repetitive tasks, allowing them to focus on forging relationships with potential employees who come closest in terms of their attributes to what a company expects from them (again determined by AI).

Among the things that drive efficiency in hiring and recruitment, thanks to AI, is the ability to adopt automated resume selection and engagement with the optimal candidate profile.  Apart from substantially bringing down the cost of hiring, the use of AI has made recruitment fair, transparent and entirely bias-free.

Digitisation of businesses across industries has resulted in a push towards AI adoption in hiring processes, helping usher in seamless hiring, a substantial reduction in the time taken to hire the most qualified-for-the-job personnel and an across-the-board improvement in the hiring process. As a matter of fact, businesses are moving from the use of stand-alone HR apps to integrated staffing platforms that come replete with a slew of hiring and recruitment-related services.

Interestingly, nontraditional players like major consulting firms are entering the hiring and recruitment scene by taking advantage of their technological assets to facilitate direct connections between employers and potential employees.[1] It is not surprising, therefore, that according to Gartner, 76% of companies have predicted that their organisations will adopt AI technologies within the next year to a year and a half.[2]

Given that AI, particularly GenAI, is going to play an increasingly important role in the hiring and recruitment processes, it makes eminent sense for companies everywhere to prepare themselves for it. They need to have a clear strategy in place with regard to what they aim to achieve by implementing AI in HR. It makes eminent sense to bring the HR departments in question up to speed with the capabilities and abilities of AI when it comes to streamlining the HR function. Of particular importance is the use of AI-powered chatbots for employee-facing tasks, the automation of administrative tasks, as well as the optimisation of the actual recruitment process by way of improving job descriptions and skills data management.[3]

 

 

 

 

 

 

 

 

 

 

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[1] https://www.tcs.com/what-we-do/industries/high-tech/white-paper/ai-transforming-future-staffing-recruitment

[2] https://www.gartner.com/en/human-resources/topics/artificial-intelligence-in-hr

[3] https://www.gartner.com/en/human-resources/topics/artificial-intelligence-in-hr