Wouldn't Instant Feedback and Personalised Career Advice be Great?
Ryan Broad
Founder, Recruit IQ | Talent100 2024 Awardee | AI-Powered Talent Acquisition Solutions | Ex WPP/GroupM, Just Eat, Vodafone | DEI Advocate | Building Future-Ready Talent Teams
Of Course! But Would You be Happy Using an AI Powered Bot to Get It?
The recruitment landscape is evolving, driven by both technological advances and demographic shifts. As businesses face a shrinking talent pool and an overwhelming influx of job applications, recruiters are turning to AI-driven bots to manage the load. But this isn’t just a case of improving efficiency for employers — could AI actually offer candidates a superior experience?
With features like real-time feedback, personalised skill develop plans, and instant transcripts of interview responses, AI bots may soon become a preferred tool for job seekers themselves. So how can AI redefine the candidate experience, making recruitment a more transparent and supportive process for job applicants? Lets take a look.
The Rising Skills Shortage and the Demand for AI
Recruiters are grappling with a rapidly shrinking talent pool. By 2030, it's estimated that 50% of the workforce in the UK will be over the age of 50. Meanwhile, birth rates are at record lows, meaning the working-age population is shrinking by an average of 25% over the next two decades. This demographic shift is exacerbating the skills gap in industries like engineering, IT, and healthcare. Many employers now face a conundrum: there are more applicants than ever, but fewer candidates with the right skills and experience.
Adding to the complexity is the rise of generative AI, which is transforming how candidates apply for jobs. According to a recent survey, 45% of job applicants have used AI to enhance their résumés and applications. While this has lowered the barriers to application, it has also created an overwhelming volume of submissions for recruiters to sift through. Forcing many companies to rethink their recruitment strategy to cope with the flood of AI-enhanced applications.
AI Bots: From Interviewer Note Taker to Skills Coach
As AI systems continue to advance, their role in the recruitment process could expand beyond merely conducting interviews and filtering candidates. AI interview bots, such as those developed by Paradox , are already offering real-time conversational feedback. Arctic Shores supply immediate candidate assessment reports. But what if they could go further?
Imagine an AI bot that not only evaluates your interview performance but also provides personalised skill evaluation and development planning guidance ... immediately after you finish the interview.
For candidates, this could mean receiving tailored recommendations on skills to develop or courses to take based on their interview feedback. This kind of real-time advice could significantly shorten the learning curve for job seekers looking to fill gaps in their qualifications.
As generative AI continues to integrate with recruitment technologies, candidates could benefit from instant, personalised career development plans. Employers are already using AI-driven platforms like Gloat & Clu to help employees and jobseekers identify opportunities that match their skills and map out their professional growth.
This shift transforms AI from a passive recruitment tool into an active career coach, guiding candidates not only toward the right jobs but also helping them become more competitive in the future.
Immediate Feedback: Enhancing Transparency and Reducing Anxiety
One of the most frustrating aspects of job hunting is the "black hole" effect, where candidates submit applications and never hear back. In fact, 90% of employers still rely on traditional CVs and cover letters to assess candidates. However, this system is fraught with inefficiencies and bias. According to research, some candidates who were previously declined added embellished details to their applications, such as listing recognisable global brands as past employers. Despite these inaccuracies, they were more likely to progress through the human led recruitment screening.
Maintaining consistency across the recruitment process is a key challenge. Unfortunately human interviewers, who may be influenced by bias or fatigue, whereas a conversational AI bot ensures that every candidate is asked the same questions and evaluated according to the same criteria. At the very least, AI-powered note-taking tools like Metaview ensure objectivity and enable accurate recording of interview insights, leading to more precise candidate evaluations.
Case study: Hiring at scale
Compass Group, a global leader in hiring entry-level, frontline hourly workers, supports over 160,000 hires annually with a lean recruitment team of just 20 recruiters. Facing challenges like high-volume hiring across various sectors, locations, and job types, and dealing with drop-offs from applicants using mobile devices due to a lengthy, multistep application process, Compass Group turned to Paradox 's AI-powered assistant Olivia to enhance its recruitment strategy.
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Olivia, integrated seamlessly with the company’s Applicant Tracking System (ATS), automated key processes such as application handling, assessments, interview scheduling, and even on-demand video interviews. By streamlining and personalising the application experience, Compass Group reduced the average application time from over 9 minutes to less than 3 minutes, with the entire process—from job search to scheduled interview—taking as little as 6 minutes.
The impact has been remarkable:
This showcases the power of AI to not only streamline the hiring process but also deliver a customised and efficient candidate experience, helping businesses manage high volumes of applicants with ease while minimising drop-offs and boosting conversion rates.
Bridging the Talent Gap: Could Candidates Prefer AI?
In industries experiencing a severe talent shortage—such as engineering and law—AI may be the key to identifying hidden talent and transferable skills. Traditional recruitment processes often overlook candidates who don’t meet specific qualifications but possess valuable soft skills. Tools like Arctic Shores s’ neuroscience-based assessments are already being used to evaluate how candidates think and learn, rather than just relying on their past experience. AI bots could play a similar role in democratising access to job opportunities by highlighting a candidate’s potential, rather than their résumé alone.
As recruiters struggle to cope with the sheer volume of applications, AI bots could help streamline the process for both parties. For candidates, especially those who are anxious about the job market, AI offers the benefit of instant feedback. Moreover, it could help candidates identify roles that they might not have considered before, based on their skills and interests.
Imagine checking if you meet a role’s skills criteria before formally applying, giving you time to upskill and reapply when you are ready. Similar to how you pre apply for a credit card without risking your credit score if the application was to be declined.
For employers, this offers the ability to sift through large volumes of applicants quickly and objectively, ensuring that only the most qualified candidates are considered for each role.
With a level of transparency and immediacy that traditional recruitment methods simply can’t match. Imagine finishing an interview and receiving a detailed report of your performance within minutes. This feedback could include not only a pass/fail evaluation but also insights into areas for improvement, making the job search more interactive and educational.
Addressing Concerns: Can AI Replace Human Connection?
Despite the clear advantages, many still argue that AI cannot replace the human element in recruitment. After all, how can an algorithm assess a candidate’s passion or cultural fit? Critics fear that the rise of AI-driven interviews could lead to a loss of empathy and human intuition in hiring decisions.
However, as technology evolves, it is becoming increasingly sophisticated in how it assesses candidates. Behavioural event interviews, for example, are designed to evaluate a candidate’s soft skills, such as teamwork and problem-solving. By analysing a candidate’s responses to complex, situational questions, it can gauge how well they might perform in real-world scenarios.
Moreover, for many candidates, the ability to receive real-time feedback and career guidance could outweigh the loss of human connection in the early stages of the recruitment process. As AI continues to improve, it’s possible that candidates will come to prefer the speed, transparency, and objectivity that bots offer.
Will Technology Drive The Future of Candidate Experience?
While AI may never fully replace human recruiters, it is clear that AI-driven bots have the potential to transform the candidate experience for the better. In a world where the demand for skilled workers far outstrips supply, technology offers a scalable solution that benefits both employers and candidates. For candidates, AI bots provide real-time feedback, skills evaluation, personalised career advice, and an opportunity to improve their skills before re-entering the job market. For employers, AI helps streamline the recruitment process and ensures a more objective, data-driven approach to hiring.
As businesses continue to navigate the challenges of a shrinking talent pool and an increasingly competitive job market, the question is no longer whether AI will play a role in recruitment—but how far it will go in redefining the candidate experience?
Head of Product Strategy | Background Check Whisperer
1 个月Super article Ryan Broad and a great case study about #CompassGroup. Eye-watering hiring vols for such a small team, but certainly shows the art of the possible, and frees up TA to do what they do best with the human elements.
Head of Growth @ PeopleScout UK | Employer Brand Expert
1 个月Really interesting Ryan Broad I think many recruiters are in denial around potency of AI and their need to expand from pure TA into broader Talent if they’re to retain their currency