The Future of Hiring: Leveraging AI in Recruitment

AI can be used in recruiting to automate some of the manual and repetitive tasks that consume a great deal of recruiters' time. It helps allocate more resources to the parts of the hiring process that cannot be done without human interaction.

In this week's newsletter, you will learn about the use cases and benefits of AI recruiting.

How is AI used in recruitment?

• Screening candidates.?You can implement AI-powered technology in your website, such as chatbots that can automatically answer simple questions that the candidates may have.
• Background check.?AI makes background checks faster and more efficient compared to manual checking. It removes human biases and promotes better risk reduction.
• Online interview analysis.?An AI recruiting tool can assess candidates by analyzing their responses and drawing conclusions about their qualifications and overall fit for the open position and company culture.
• Talent sourcing.?AI technology can scan databases containing candidate information and find top talent that fits the job requirements.
• Scheduling interviews.?AI recruitment tools can check the hiring manager's calendar and schedule an interview that doesn't clash with other meetings.
• Applicant Tracking System check.?AI-powered recruiting software can check your #ATS and see whether any of the former candidates who were rejected would now be a good fit for an open position.
• Referrals.?You can use AI tools to sift through existing employee networks and find qualified candidates that fit any of the published job descriptions.
• Internal hiring.?AI-powered tools can match employee skills and qualifications with open opportunities and recommend a better position for an existing employee.

If you're a business searching for talent-sourcing solutions, or an HR platform looking to increase your existing talent pool, Coresignal's?employee data ?can provide you with a large dataset of over 703M public employee profiles.?

With this #data , businesses can easily source talent by filtering candidates based on certain parameters such as education, experience, location, and more.

HR platforms can increase their coverage and have more fresh records than before, resulting in a larger talent pool and a better chance to have the perfect candidate for a client.

The benefits of artificial intelligence in recruiting

The main overarching benefit is that machine learning and AI recruiting tools enhance the entire #hiring process.

Below you will find several advantages that artificial intelligence offers for recruiting solutions.

Reduced workload for hiring managers and recruiters

As mentioned before, AI recruiting software allows for automating tedious tasks that don't necessarily require human interaction.

Consequently, recruiters, talent acquisition professionals, and hiring managers no longer need to spend time scheduling interviews, searching for qualified candidates, and it eliminates the need to manually screen resumes.

Instead, they can focus their attention on parts of the recruiting processes that cannot be effectively covered by #AI , such as doing the interviews and interacting with other people that are involved in the recruitment processes.

Improved talent acquisition process

AI recruiting software can search multiple candidate sources and speed up the overall?talent sourcing ?process significantly.

Furthermore, it can create separate pools of candidates that would help the recruiting teams find #talent and fill future open positions more quickly and efficiently.

Enhanced candidate experience

AI technology, such as live chatbots, can help job seekers to get answers to relevant questions and decide whether the open position is a good fit for them.

It promotes enhanced candidate experience and #HR teams no longer need to explain the basics to the potential employee since they have already familiarized themselves with the answers provided by the chatbot.

Minimized hiring bias

Generally, #AItools are built to be objective and avoid bias due to gender, race, age, and more. It can reduce?hiring bias ?by selecting candidates based on qualifications and experience.

However, with time, it might develop conscious or unconscious bias and favor candidates with certain qualities or characteristics that proved to be successful before.

Improved quality of hire

Since AI recruiting technology can sift through multiple sources and databases, it can select the best candidates and improve the?quality of hire .

It provides more flexibility and scope than manual search and finds suitable candidates faster than #recruitment teams.

Want to know the challenges of #AIrecruiting , how to choose an AI recruiting tool, and how AI is changing #talentsourcing and #recruiting ? Read our blog post. ??

Coresignal is a leading public business data provider in the web data sphere with an extensive focus on firmographic data and public employee profiles. Leveraging data of 703M professional profiles and 101M company records enables companies to build data-driven products and generate actionable insights. Coresignal is exceptional in terms of data freshness, with 357M records updated monthly for unprecedented accuracy and relevance.