Why AI recruitment is a tremendous step for hiring top candidates now

Artificial intelligence is transforming the HR industry as more and more companies incorporate AI solutions into their talent acquisition process. AI tools have massive potential when it comes to recruiting, helping recruitment teams win the war for talent, ensuring the best fit, speeding up hiring and automating the process. Moreover, AI tools are designed to help you quickly and seamlessly switch your talent acquisition into a fully remote process. 

So what is AI recruiting and how can you leverage this tool to automate the recruitment process?

What Is AI for Recruitment? 

AI for recruitment is the integration of artificial intelligence into the recruitment process, tackling the most time and resource consuming aspects of it. By automating repetitive and high volume tasks during the pre-screening of thousands of candidates, AI recruiting tools improve the whole recruiting workflow. 

AI pre-employment assessment tools use algorithms in order to understand data points from candidate responses. For example, Knockri’s video-based skills assessment tool looks at the content of what a candidate is saying and evaluates the relevance of response towards the question being asked. Not all video-based assessments are build equal however, some solutions analyze emotions, tonality, speech – Knockri’s assessments do not. 

The Benefits of Using AI in Recruitment

AI is heavily affecting the recruitment process by changing the way companies attract, hire and retain talent. And this technology is here for good. In order to help you get a grasp of what value artificial intelligence adds to your recruiting process we prepared the list of benefits of using AI for recruiters.

Improve Quality of Hire

The quality of hire has always been one of the most important yet challenging recruitment KPIs. Artificial intelligence is revolutionizing the hiring process and improving the quality of hiring efforts. 

The AI technology enables recruiters to hire top candidates based on the KPIs for the certain job role. It matches the candidate’s knowledge, skills and experience with the job requirements based on the previously collected and processed data. 

Finding the best fit for the position also helps to reduce employee turnover. More productive employees that are the best fit for the position and are happy with the  role are less likely to leave the organization. 

Reduce Time and Cost to Hire

Many recruiters are still manually screening resumes in order to shortlist qualified candidates for the role. This part of the hiring process is usually the most time consuming. As a result, not only are recruiters overwhelmed with the volume of resumes but they also lose top candidates, who may have accepted a job offer from another company that was able to move faster. 

Applying AI in the recruitment process, such as the Knockri tools, enables companies to automate time-consuming and repetitive tasks and speed up the recruiting process. It reduces time and cost to hire, helps to eliminate unsuccessful interviews and enables more quality time with the most promising candidates. 

AI for recruiting is usually designed to seamlessly integrate with your current ATS system and automate a part of your recruiting process. It doesn’t disrupt any part of your current workflow.  

Adapt to a Fully Remote Hiring Process

COVID-19 continues to influence the way we work and remote hiring is on the rise. Companies are looking for the best solutions that will help them screen candidates remotely, in a safe manner. 

Including AI technology into the recruiting process is seen to be the best solution amid the current situation. New tech has opened  recruiters to the international pool of top talent and made the process efficient and safe. HR teams are able to automate the online candidates’ screening and manage the remote hiring process. 

Improve Diversity & Inclusion

Improving Diversity and Inclusion at the workplace is one of the highest priorities for many HR teams today. At the same time, elimination of bias from the recruiting process is one of the most challenging tasks, since we are all exposed to cultural stereotypes and systemic biases that have been cultivated for decades. Moreover, D&I initiatives may be really costly. This is where you can leverage AI solutions.

Ethical AI helps to reduce any sort of biases during the hiring process. If the dataset is built from scratch, it avoids inherent bias and has high reliability of representation of people. It’s blind to an individual’s ethnicity, gender, appearance or sexual preference. 

Create an Award Winning Candidate Experience

The candidate experience is a core element of the recruiting process, but usually recruiters don’t have enough time to communicate with each candidate and manually send them a message. AI technology helps to create an award winning experience for your candidates. 

AI skills assessment tools help to bridge the gap between the HR team and candidate by creating a more personal interaction. No more worrying about phone screenings or psychometrics assessments which may take considerable time for you and your candidates. Candidates can now enjoy a seamless process, fast responses and quicker hiring decisions. It’s a win-win.

Summing Up

The HR team benefits a lot from the incorporation of AI in the recruitment process and it can be done quickly and seamlessly. It helps to automate the hiring process, reduce time and cost to hire and improve diversity at the workplace. 

With AI tools, HR teams can quickly transform their talent acquisition function into a fully remote process. Artificial intelligence is currently transforming the HR industry and is here to stay. 

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