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The Future Is Here: AI Is Reshaping The Recruitment Industry

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03 November 2022

The 21st century has played host to a series of groundbreaking technological achievements. It has now become a part of our daily lives, and the recruitment industry is not left out.

Today, different AI hiring tools make recruitment processes less difficult and more efficient. With the increased competition for limited job openings, recruiters have had to spend a lot of time searching for a suitable candidate.

According to a survey, 52% of HR professionals consider identifying suitable individuals from a large pool of applicants to be the most difficult aspect of their work. Using AI for recruiting cuts this workload significantly.

What AI hiring tools bring to the table is more convenient and efficient for recruiting. Recruiters no longer have to go through the stress of analyzing each application but may do so without breaking a sweat by using a hiring platform.

Let's talk about the impact of using AI for recruiting, its benefits, and some of its possible drawbacks.

Influence of AI on The Recruitment Industry

With AI’s tentacles in the recruitment industry, recruiter software has taken a central role in recruitment. Recruiters now use it to scan through thousands of CVs and automate a wide array of repetitive processes.

They have taken advantage of its capacity to streamline recruiting processes, and this has made their jobs easier.

Job seekers are also not left out. Now, with hiring platforms, it is easier for job hunters to find and apply for open positions. A typical example is HuntZen.

HuntZen simplifies recruitment for both recruiters and applicants. It is a hiring platform for recruiters and job seekers to make compatible connections.

Today, recruiter software come in handy in setting up interviews and responding to job applicants. These hiring tools are now involved from the initial screening stage to the final onboarding stage.

All these have made using AI for recruiting a dominant theme in the industry. It has had a significant impact on the recruitment industry, but there are also concerns about its lapses.

Benefits of Using AI for Recruiting

AI’s impact on the recruitment industry has been tremendous. It cuts workflows by half and speeds up recruitment processes. Its impact is one worth celebrating.

Some of its Benefits to The Recruitment Industry

Automates recruitment processes

Using AI to automate repetitive recruitment processes reduces the workload for hiring managers. It enables them to focus on other recruiting activities that require human input.

Repetitive recruitment tasks like scheduling interviews and reviewing candidates' CVs take up a lot of time. But the reality is that these tasks don’t require human effort to execute efficiently. This is where AI automation is of great benefit.

Hiring tools like chatbots automate communication between candidates and hiring companies. Also, a hiring platform like HuntZen helps companies shortlist candidates who are fit for open positions.

Eliminates Bias

Studies have shown that recruiter software can be effective in eliminating unintentional bias in recruitment. This allows recruiters to make data-driven decisions when hiring rather than decisions based on a whim or sentiments.

Recruiter software is built to be objective and devoid of opinions and perceptions. It uses predictive analytics to calculate a candidate’s likelihood of succeeding in a role.

So when shortlisting candidates, it focuses solely on the qualifications and skills of each candidate. This helps it pick the best possible qualified candidates.

Helps Make Smarter Hiring Decisions

Recruiters use hiring tools to guide recruitment because they can cover a wider range of candidates and discover superior ones.

These hiring tools help recruiters eliminate human mistakes and make data-driven decisions. This is the secret to smarter hiring.

Drawbacks of Using AI for Recruiting

While AI has significantly impacted the recruitment industry, it has shortcomings. Not everyone is on board with the idea of using AI for recruiting. This is due to the fear of inconsistencies and its inability to carry out some human functions adequately.

Some of the instances where AI comes short

AI can't replicate human understanding.

AI cannot automate all hiring processes. It also lacks several human characteristics that impact recruiting. As a result, recruiting managers and recruiters are still required to fulfill certain activities.

For instance, AI can determine whether an applicant is qualified for a position based on their CV or experience. But it will miss the fact that such a prospect has been unable to keep a job for an extended length of time.

AI can't handle complexity.

Take chatbots, for example. They are integrated to communicate with job seekers and answer important questions. But you find they often hit a roadblock when they have to answer more complex queries.

Chatbots work from a decision tree. It selects answers to questions from several possible responses. But sometimes a query doesn't fit the criteria, and human interaction is required.

Although using AI for recruiting comes with lots of benefits, certain situations are still too complex for it and the input of hiring managers or recruiters is needed.

Ideal candidates can be missed.

AI uses algorithms to shortlist candidates. The algorithms assist in reviewing large amounts of documents and selecting the best candidates from many. But suitable candidates that a hiring manager would normally spot can be missed.

Although candidates are considered based on education and qualifications, recruiters also consider their skills, characteristics, and experience. An ideal candidate could go unnoticed if the recruiter software only considers education and qualifications.

The future of recruitment

The greatest fear of AI is that it’s displacing humans from their jobs. This same apprehension extends to its implementation in the recruitment industry. But the reality is not exactly as it’s perceived.

AI has been used to conduct interviews, review resumes, and onboard new hires. AI will take over only those repetitive tasks that can be automated. So, rather than rendering people jobless, it helps them focus on the more important tasks.

With technology experts coming up with ways to make recruitment more efficient, AI is gradually becoming an important part of the recruitment industry. HuntZen opens that door to streamlined recruitment processes and better-informed decisions for hiring.