The State of AI Recruiting Software in 20193 min read
February 21, 2019 • Talent Acquisition
If you’re thinking about investing in artificial intelligence recruiting software for your company, start right here. We’ve curated a sampling of the latest and greatest intel on this hot topic in talent acquisition.
Long gone are the days when ‘artificial intelligence’ (AI) was a figment of Hollywood’s imagination. Think pieces about whether AI is the future have slowed to a trickle, and fears of robots taking our jobs have begun to subside.
Artificial intelligence is part of our new reality.
For talent acquisition pros, that means now is the time to decide whether AI recruiting software is right for you.
But before you go down that rabbit hole, here’s a quick link-by-link primer on the state of artificial intelligence for HR and recruiting teams:
- Step one: Educate yourself. Learn the difference between artificial intelligence, machine learning and deep learning.
- Growing consensus: 72% of executives predict AI will offer considerable business advantages in the near future.
- One of those advantages? Automation of menial tasks involving massive amounts of data. Recruiters spend an average of 35 percent of their time sorting resumes and entering data into their applicant tracking system (ATS). Letting machines take over frees up all that time to focus on what matters most: the candidate experience.
- AI’s capacity to learn and evolve is a real game changer. Got 250 resumes to review for a job opening? AI-powered recruiting software will analyze the data, learn new words and phrases, and make connections that lead to more efficient and accurate selection of top candidates. Over time, your software gets smarter thanks to human feedback.
Google Hire uses machine learning to spit out a smart list of former job candidates who may be a good match for your current open positions based on location and skills or capabilities required.
The best person for the job may not be looking for a job. Luckily, AI programs can collect data and rank candidates based on experience, work history, skills and salary expectations, showing a remarkable ability to discover top-notch passive candidates for whom there will be much less competition.
Why do candidates say ‘thank you’ to a chatbot? Because even though it’s powered by AI, it makes them feel valued and leaves a positive impression. Chatbots can be an effective piece of your campus recruiting software.
- The world of AI is not all rainbows and sunshine. Amazon made headlines by scrapping a recruiting tool that showed bias against women. Turns out, AI that relies on data heavily skewed by a history of male-dominated professions will learn to prefer male candidates.
- But don’t despair — you can teach AI to be more inclusive and combat bias, assuming you start with a clean data set. Like the old adage says: Garbage in, garbage out.
- In the near future, AI recruiting software will use profile augmentation to scour the web for alternate sources of data that go far beyond the resume, giving you a better idea of a candidate’s real interests and skills.
- Did we mention AI can do your tedious work for you? Screening, scheduling, email automation, chatbots and more. Recruiters, rejoice.
Artificial intelligence is meant to augment human intelligence. If talent acquisition teams can harness its full potential, then a decreased time-to-hire is just the tip of the iceberg.
So, do you need AI recruiting software? You might as well ask yourself: Do I want to work faster and smarter to hire the best people?
And there’s your answer.