Benefits (And Limitations) of AI Breaking Into the TA World

If this is the first time you're hearing about using AI in your recruitment process, we’re here to help you catch up. Artificial Intelligence is impacting the talent acquisition space in innovative ways. If your hiring team isn't using AI in your recruitment strategy, it's time to ask why.

Frustrated with time to screen, interview and hire?

Drowning in repetitive tasks?

Want to provide excellent candidate experience while targeting the best-fit candidates?

Looking to spend your time on more strategic work?

Most recruiters have a working knowledge of AI and how it can benefit them — and many hiring managers are already on board. 96% of recruiters believe AI can enhance talent acquisition and retention.

As we begin a new decade, it's clear AI will have a lasting impact on recruiting. What that impact will look like long-term — we can't be completely sure of just yet. One thing we are certain of is AI will not take all recruitment jobs but instead, make many careers in talent acquisition more strategic and meaningful.

Artificial Intelligence in recruiting: making your job easier

As more HR managers begin to leverage AI for hiring, the development and functionality of this tech will improve, and more HR professionals will adopt AI-powered recruiting and hiring tools.

AI is one of the fastest-growing areas of recruiting because it automates repetitive tasks, allowing recruiters to focus on more demanding work. Understanding the benefits of AI and how it is becoming a regular part of HR is becoming essential.

Did You Know? 14 hours a week is the average amount of time HR managers say they lose to manually completing tasks that could be automated?

Imagine what you could do with that free time.

AI can find the best talent for your openings, but developers are still pushing the boundaries of this technology, resulting in new developments daily.

Recruiting AI can find the right candidates when you need them most, predict talent shortages and skill gaps ahead of the competition, and increase response time to offer an overall better candidate experience. Plus, you can build a talent pipeline that's ready when you need it. If you're searching for ways to get to candidates quickly, AI might be the answer.

AI for talent acquisition: improving the candidate experience

The use of AI is helpful when it comes to screening, scheduling meetings with potential job candidates, and eliminating implicit bias.

• 82% of hiring managers say they view the candidate experience as very or extremely important.
• 51% of organizations already use AI to improve candidate experience.

To put it simply, if you're continuously engaging with your pool of candidates, you hold their attention and stay top of mind. Get this — even though the job market is tight, the interview process is getting longer. The average interview process has grown by 3.7 days since 2019.

If you communicate regularly, your chances of keeping your candidates' interest are higher.

A focus on candidate experience also yields overall higher-quality talent and improves the diversity of talent by removing unconscious biases. If the hiring process is the first time a candidate interacts with your organization, they will likely drop off if that first experience is negative.

Bonus tip: Did you know 75% of millennials would rather text than talk? Using a conversational AI chatbot that can text potential job candidates to set up an interview is one great way to reach them with no extra effort on your end. When considering your talent acquisition tactics, you should go where candidates are likely looking: at their phones.

Consider these Boundaries for Recruitment in AI

You can take a deep breath now because AI is here to help recruiters, not take their jobs. AI is good at analyzing data and replicating tasks recruiters do without taking their place; this gives recruiters more time to focus on the human decision-making aspects of their roles that AI will never be able to take on.

AI has its limits. It's fast and accurate but not error-free; it can make connections but not define why. AI for your recruitment process is set up to follow a set of orders and is best at niche tasks. Machines are unbiased and fact-oriented, rely on humans to provide the facts, and can keep learning to conform and flex to your organizational hiring needs.

A human will always need to overlook artificial intelligence to ensure a meaningful experience.

Some things AI cannot do, or at least cannot do well. Only 20% of managing-related recruiting tasks can be automated. Human recruiters will still be just as valuable in the future as they are today. It's necessary for recruiters to be flexible and adaptable to learn about all the positive changes AI is bringing when it comes to talent acquisition.

AI will play a significant role in transforming sourcing, recruiting, and hiring. AI can take over scheduling and matching tasks, and the time it frees up allows recruiters to focus on what matters most, assessing skills and cultural fit, focusing on team cohesion and retention, and creating hiring plans.

At IQTalent Partners, we understand how recruiting and sourcing trends can impact a company’s hiring needs. We are a collaborative and innovative on-demand recruiting partner who can guide you and your team in selecting the right processes and support for your recruiting needs.