How AI Will Decrease Time To Hire And Save Money?
Don't you feel that recruitment as a career is the epitome of the phrase "trying to find a needle in a haystack?" One of the main responsibilities of recruiters is to hire the perfect candidate for the organization. I believe successful management always tries to make more impact and helps the organization to grow.
Nowadays, there are so many individuals competing for a dramatically smaller number of jobs, but how do HR professionals or recruiters find ways to make their lives easier? This is the situation where AI (Artificial Intelligence) plays an essential role.
Here in this blog, we'll take a look at the impact of AI on recruitment.
1. Ensures Best Fit
AI will be capable of filling in the gaps for an employer by assessing not just the candidate's resume but the candidate's online existence. There are 'n' number of software available in the market in today's era that can help recruiters find the perfect fit. Screening all the resumes manually is a time-consuming part for recruiters, but with AI, recruiters can save their time. AI tools like a resume parser extract information and save them in the fields created like skills, experience, contact details, etc.
2. Improves Cost to Hire
Most of the time, recruiters spent their maximum time in hiring and interviewing the candidate's resumes. With the help of AI, recruiters can reduce the time and cost of screening candidates. Manual screening of candidates will bring inefficiencies in your hiring process; wasted time and resources translate directly into a higher cost-per-hire (CPH). It also translates into corporate pressure on you and your team to get that cost down. So using AI in your recruitment process will help you to reduce work pressure.
3. Improve Decision Making
The recruitment process is all related to data. In today's digital world, HR professionals can use many new AI tools to find potential job applicants. Artificial Intelligence in the recruitment process will make the process fast that will help recruiters to make accurate decisions while selecting a suitable candidate.
AI is changing the game of several industries, including recruiting. If you're not adding AI into your recruiting process, you're missing out.