Artificial Intelligence (AI) has been emphasizing its importance to the world more and more. Even in the recruitment industry! It is showing talent acquisition professionals how relevant it is in adapting to modern approaches.
It mixes both machine learning and deep learning, which enables a more robust recruitment workflow. AI algorithms ensure that each step is improved every time. This is from automating menial tasks to making smart predictions.
It’s truly a game-changer. In this article, we’ll delve deeper into the role that AI for recruiting plays and why it’s important to have them.
What is Artificial Intelligence (AI)?
First things first. Let’s start by defining what Artificial Intelligence (AI) is. According to McCarthy, “It is the science and engineering of making intelligent machines, especially intelligent computer programs. It is related to the similar task of using computers to understand human intelligence…”
And in layman’s terms, computers and machines can imitate how the human mind works. Then, it takes actionable steps to solve problems and make decisions for faster and more accurate output.
There are two types of AI: weak and strong. Don’t let the name fool you. Weak AI is still capable of performing certain prompts or tasks. We see it in our everyday life. To name some, Siri (Apple), Alexa (Amazon), etc.
Strong AI, on the other hand, is more advanced and possesses qualities similar to how people think. Sometimes, even beyond that. An example would be self-driving cars, tools that fact checks plagiarism or fake news, and many more.
Over time, we have seen how it evolved and how it is applied in the present time. Speech recognition, customer service support, and recommendation engines– the list goes on! It’s being utilized everywhere to make our lives easier. That is very visible even in some recruitment ATS.
What is the role of Artificial Intelligence (AI) in Recruitment Applicant Tracking System (ATS)?
For recruiters, an applicant tracking system (ATS) is gold. It saves them loads of time avoiding repetitive and manual tasks. The HR job is not a joke and is the unofficial backbone of the company. If successful, it can lead to quality hires which can impact the company greatly.
AI in recruitment ATS guarantees this better than anything else. That is why some software leverage AI-powered technology in several fronts of their work.
This is very crucial. As humans, there will always be room for errors, especially when fatigue strikes. However, AI ensures that repeated actions are done with accuracy. It does things with consistent speed and quality– bolstering the workforce by a mile.
That is why more and more recruitment software leveraging such technologies to excel and stay ahead of the competitors. Let’s take screening and parsing resumes and creating candidate scoring based on job matching as a scenario.
Without AI, recruiters have to manually check resumes one by one to see if there is a fit for a certain position. That’s why 52% of talent acquisition leaders say that “the hardest part of recruitment is identifying the right candidates from a large applicant pool.”
On the contrary, this can be prevented with AI. Such applications allow recruiting software to parse CV at an incredible speed. It even provides candidate scoring based on job match to make it better. Like education level, work experience, skills, etc.
This is how powerful it can be. Minus all the hard work, you’ll get full benefits that can improve the organization overall. Getting the purple squirrel is more attainable and quickly filling job vacancies is within reach– all thanks to AI.
Benefits of AI in Recruitment ATS
1. It saves recruiters time
By automating high-volume tasks, it now takes less time to achieve an end-to-end hiring workflow.
Did you know that it takes at least 23 hours of a recruiter’s time and effort to have one successful hire? Take note that this doesn’t include the unsuccessful ones! Finding the right fit isn’t easy, but AI provides undeniable support in many ways.
Some recruitment software like Manatal screens resumes for you. It takes into account hundreds and thousands of CVs and filters them based on what you’re looking for.
You’ll know that you have a great AI-powered technology when it seamlessly integrates into your current process. Everything is conveniently done and it doesn’t disrupt or adds unnecessary steps into your candidate hunt.
In addition to that, you’ll also be more likely to acquire the best talent and beat competitors to it! Finding top talents is always every recruiter’s goal. With AI, you can be one step ahead.
2. It improves the quality of hire
AI in recruitment ATS doesn’t just screen resumes for you. It also shows you recommendations on qualified candidates that can fit the job perfectly.
Let’s take Manatal as an example again. It has a nifty capability to give candidates scores based on how well they fit the job ad that you posted. This gives you a clear picture of who to contact for a potential interview. It rids you of applicants that don’t qualify for various reasons.
This will show up when you create a job ad and Manatal can automatically recommend talents to you. It takes into account experience, skills, background, etc.
To make this better, you can easily add resumes into the system for more choices. With just a single click, you can import CVs, existing spreadsheets, and previous ATS data sets so you can build your database. Who knows? The perfect applicant might already be under your radar all along!
This is crucial to note because Quality of Hire is a recruiting KPI that is becoming increasingly crucial for recruiting. It is because it brings more impact to the business. Plus, this ensures that you get quality hires. Meaning, these are people who tend to be more productive and stay in the business longer than bad hires.
LinkedIn reports that this yields results early. With AI-powered recruiting, revenue per employee increased by 4%, the turnover rate was lowered by 35%, and the screening time per candidate was greatly reduced by 75%!
Not only do you ensure the best fit, but it also brings maximum impact to the organization in concrete ways! You can get quality hires using your trusty recruitment ATS.
3. It removes unconscious bias
With AI, it removes the unwanted bias that may occur in the selection process. Machines can go through the whole hiring flow without unnecessary prejudice towards certain factors.
Be it gender, ethnicity, educational background, and more, it helps recruiters screen applicants in a just and fair manner. It considers important factors and does not mind minor details that may come off as bias.
This will be a great way to improve company diversity. By being open to anyone regardless of nature, it can raise the company’s creativity and innovation. It brings together people of different walks of life, which can yield out-of-the-box thinking and ideas.
The next million dollar project may start from the idea of the least suspecting person!
4. It gives recruiters more time to ensure culture fit
As you may or may not know, technical skills aren’t everything. Soft skills are just as important!
Now that AI is doing all the tedious stuff, recruiters can take advantage of this time to inspect the character of applicants. This is a social aspect that AI can never (or at least not at this time) do.
HR professionals can easily determine whether their personalities match the company culture. How? By talking to them, being thorough in interviews, and more.
Knowing this will be vital in placing cultural fit in the workplace. It’s a benefit that must not be overlooked.
5. It gives better candidate experience
AI for recruitment isn’t only good for the recruiters. It’s also great for the candidate as it eases their experience throughout the whole application period.
With amazing automation, they can proceed with certain steps (interview schedule, ask certain questions, etc.) in a matter of seconds. They don’t have to wait for a human to give them a response.
Here’s an example. Chatbots give them instant replies that can satisfy any queries or concerns an interested person might have. If this is answered well (and swiftly), that’s one applicant more to your list. Trust us!
Read more about this here.
How is AI in recruitment ATS integrated?
Again, it depends on the recruitment software. Some advanced ATS like Manatal can screen resumes, parse data, provide job match recommendations, and so on.
In other software, AI-powered tools can be found in their chatbox (as mentioned above) to improve customer service. Onboarding, attendance, payrolls, and leave management can also be done efficiently through this intelligent machine learning.
The Future of Recruitment
The future is bright in the recruitment world. It won’t be long before when (almost) all tasks are done by AI. The job of humans will be there to conduct and oversee the social aspect.
To promote a functioning and well-suited workplace, relying on technology will be requisite. Hiring Managers will always include AI in their strategy to bolster the workforce and results in every way. This includes interpreting reports, making decisions, and testing various actions just to reach top talents.
The consistency of it all has made a statement that AI is here to stay in the HR workplace. What’s more, the future possibilities are endless.
Stay ahead of the competition and trust AI-powered recruitment software like Manatal. Click here to read more of our insights on recruitment and HR technology, or here to explore our 14-day free trial.