How AI is transforming talent acquisition
Artificial Intelligence (AI) is shaping entire sectors and industries within our economy. And arguably the most human of all industries, recruiting and talent acquisition, is one of the last places the AI will touch.
However, AI is advancing rapidly—to the point where the assessment and placement of people in companies is significantly shaped by AI technology.
So here are some ways AI is changing the talent acquisition industry:
Smart HR for Talent Search
One of the most common ways AI is shaping talent acquisition is sourcing and engaging candidates.
Companies use a variety of platforms to find talent—sSome traditional, like LinkedIn or Indeed.com, and some more innovative, like job boards that post jobs on multiple sites simultaneously, or niche sites that focus on a particular skill set. (Also read: College graduates need these data science skills.)
However, in many cases, AI-powered recruiting technology is used to reach potential employees automatically, with data from multiple public and proprietary data sources. Candidate-job matching is a sophisticated technological matter; but it’s a problem that many software companies are tackling. The candidate-to-job matches created by the AI are then used to flag potential staff to campaign with; and the AI facilitates this by generating an email or SMS broadcast.
So, the next time you receive a recruitment email, there is a good chance that you received this communication because of the AI!
Smart HR to assess candidates
Another way AI is shaping talent acquisition is its use in evaluating candidates.
Technology is used to score resumes and identify the best-suited candidates for a position. This technology examines various factors—such as experience, skills and level of education. It then compares this data to a company’s specific needs to recommend the most qualified candidates for a given position. This saves the recruiter time and ensures that the best candidates are considered for each position.
However, the use of AI in talent acquisition is perhaps most controversial when applied to candidate assessment. For example, the Wall Street Journal published an article about machine learning (ML)-based applicant tracking systems and how they “reject” millions of applicants. With the job market tightly focused and people insisting on accepting diverse applicants from all walks of life, the prospect of putting machines in charge of candidate assessments is, for the most part, met with skepticism. (Also read: Why diversity is essential for quality data to train AI.)
Smart HR to onboard and engage employees
Finally, AI is also used to facilitate the onboarding process.
How? ‘Or’ What? For starters, AI can create personalized learning paths for new hires based on their skills and interests and match them, based on their interests, to similar groups and individuals across the company. This helps employees get up to speed faster and be more productive sooner. It also reduces the amount of training required, saving companies time and money. This is especially useful for large organizations with thousands of knowledge workers– many of them use AI to help understand the skills and interests of their employees, which helps them align those skills and interests with their learning paths and the skills needed for the project.
Additionally, next year, AI will begin to have a significant impact on overall corporate culture. It’s already starting to change what people do at work and how they interact with their team members. For example, Recruiter.com has identified hHybrid or remote working as a major trend for 2022—and with that comes the need for more robust and interactive engagement tools to promote a cohesive and productive culture. A huge amount of funding is currently allocated to employee engagement tools for this reason. (Also read: The pros and cons of the hybrid workforce.)
In short, AI promises to deliver large-scale engagement by fostering a better understanding of individual skills within large groups of people.
AI has a significant impact on talent acquisition and recruitment—the search for potential personnel up to employee onboarding and engagement. Recruiters and talent acquisition professionals are using AI tools to find candidates more efficiently, assess them more accurately, and onboard them faster. As a result, companies can find and hire better employees, which will help them be more successful.
How do you see the impact of AI on human resources and talent acquisition in the future? Let us know by tagging @techopedia on Twitter!