How AI Will Transform the Recruiting Industry
There is no denying that the increased use of artificial intelligence has had a significant impact on the world of recruiting. New practices and platforms driven by AI have helped simplify and streamline the recruiting process, reducing the demands on humans to continuously find and hire new talent. According to a Korn Ferry survey, 69% of talent acquisition professionals believe AI has even helped them source more qualified candidates. However, humans still have an important role to play in recruiting the next generation of tech talent. Consider these three ways AI has changed recruiting and why the human touch is still a crucial part of the process.
AI Recruiting Tools Make Room for Critical Connections
According to the Society for Human Resource Management, about 90% of day-to-day recruiting tasks will be automated within the coming years. While this number may seem startling at first, recruiting professionals have no reason to worry. AI will transform routine tasks such as scheduling interviews, contacting candidates early in the recruitment process, managing job postings, and other administrative functions, effectively freeing up hours of a recruiter’s time every week.
One example of this promising technology is Daxtra, a world-leading specialist in high accuracy, multilingual resume and job parsing, semantic search, matching and aggregation technology. Daxtra acts as a virtual recruiting assistant by automating the whole employment application process, helping businesses source the most relevant candidates quickly and easily.
Knowing that the critical, but time-consuming, administrative tasks are covered, recruiters can focus their time in areas that require human interaction, such as late-stage screening processes and, eventually, placing the well vetted candidate.
AI Software Simplifies Data for Better Decision Making
AI is revolutionizing the way that recruiters are able to make informed and efficient hiring decisions through the power of data. Every talent acquisition department has thousands of data points at their disposal, but filtering through the information manually is a monumental task. By continuously collecting and segmenting data, AI platforms can deliver recruiters the resources they need to make strategic decisions in a shorter amount of time.
We are not just talking about structured data points, such as number of submittals, interviews, and placements. We are talking about the goldmine of value that lays in unstructured data from resumes and online candidate profiles. Using this unstructured data, AI technology can provide companies with valuable insight that can then be turned into easily digestible reports to help inform business decisions. In fact, according to a survey of recruiters, 40% of respondents said that AI and Big Data provide valuable insight to their work.
AI Strives to Eliminate Unconscious Bias
Many companies are experimenting with AI as a tool for avoiding problematic biases within the hiring process. For example, one recruiting platform, Triplebyte, uses “background-blind” artificial intelligence to perform initial online test-based interviews with software engineers who are then matched with positions based on their test results before their background is reviewed.
Likewise, recruiting software Textio has helped companies increase female applicants for tech positions by 23% by eliminating phrases proven to deter female applicants like “coding ninja” or “fast-paced”, and replacing them with more universally appealing terms like “collaborative”.
It should be mentioned that while ambitious AI platforms may set out to decrease unconscious biases, it is not a fail-safe solution. In one infamous situation, Amazon found itself at the center of a scandal when its algorithms began to prefer male applicants. The algorithm skimmed years’ worth of resumes and determined that since the majority of historical applicants were male, they would be preferential hires. From that point on, any mention of “women” or “women’s” in resumes were downgraded in the system.
AI Can Only Go So Far
Artificial intelligence and other technologies are transforming talent acquisition as we know it, but not redefining it. One element that will always be at the center of every great hiring decision is a strategic recruiter who knows how to build meaningful relationships and make impactful connections between businesses and technical talent.
Here at Resource 1 our AI technology has been strategically harvesting and updating our data for the past five years. We make a point to stay on the forefront of cutting-edge recruiting technology to ensure we connect you with top IT talent. Our recruiters are ready to find you qualified IT consultants who will take your initiatives to the next level! Contact us today.