With unemployment rising across the globe, there are far too many people applying for the same job, making the process of selecting the right candidate an arduous task. Most recruiters find the initial screening process time-consuming and difficult. In fact, close to 52% of recruiters find it difficult to screen candidates from large pools of applicants. In addition, sourcing the right applicants and assessing them is just as difficult when there are far too many candidates. Traditional HRMS tools are not equipped to intelligently detect candidates that might be a good fit. Artificial Intelligence (AI) enabled HRMS can help recruiters to implement smart recruiting and save time and money, while finding the right candidate for their job.
Top advantages of integrating AI-enabled tools with HRMS:
- AI helps reduce human bias during recruitment
- Candidates will not have to go through the recruitment process if they are not likely to be hired
- Most tasks can be automated so that recruitment gets a human touch
- Helps recruiters save time and money thanks to automating manual tasks
- Identify patterns using AI algorithms to make the right recruitment decisions
In this article, let us take a look at how AI can be integrated with HRMS to recruit smartly.
1. Integrate chatbots
Surveys reveal that HR managers spend a lot of time screening applicants before they are even called for assessments and interviews. High-volume screening can be time consuming and often results in poor selection choices. Chatbots can be used to screen candidates initially and select only those that are likely to be hired. Chatbot can be integrated with HRMS tools so that when there is a vacancy, potential candidates can be assessed initially by the chatbot in a friendly manner before they are called for assessments and interviews.
2. Identify potentially successful candidates
While HRMS tools can help select potential candidates from large pools of applicants, they cannot predict which candidates are most likely to be hired. AI tools can use predictive analytics and other such tools to identify the candidates who seem most promising. This helps to narrow down the selection pool to the bare minimum and reduce the time taken to hire the right candidates. The more likely a candidate is likely to be hired, the easier it is for the HR manager to make hiring decisions.
3. Reduce stress during recruitment
Research shows that HR managers are some of the most stressed professionals today. As the recruitment industry is witnessing an overwhelming number of candidates applying for the few vacant jobs, managers often spend hours looking for the right candidate. Screening, sourcing and assessing can all take a toll on recruiters’ stress levels and affect their performance in the long term. AI-enabled tools can help recruiters to make decisions quickly and reduce their work load. This results in improvement in productivity and quality of life for HR managers.
4. Make hiring fair and unbiased
Like all human activities, hiring is subject to prejudices and biases. HR managers often do not realize they select and reject candidates based on their own inherent biases. This can result in your employer brand suffering. Worse, you may even have to deal with lawsuits that arise from biased hiring practices. Using AI to screen candidates will help you make fair and unbiased hiring choices. Although AI learns from human biases, it can be programmed in such a way that it does not make the same biased decisions as humans do. This is often a worry for those who do not understand AI very well.
5. Eliminate unnecessary expenditure
Recruitment is easily one of the most expensive enterprise processes today. It costs money to make calls and screen individuals, to arrange for interviews, to assess them and to make the right hiring choice. Hiring the wrong candidate results in loss of productivity and revenue as well. By using AI, you can rest assured that you will eliminate all these unnecessary expenditures and focus on building the dream team that you always wanted. While AI integration does cost money, the reduction in expenditure and improved hiring practices will eventually enhance your bottomline figures.
Use AI today for easy hiring
Certainly, AI has a number of advantages when it comes to hiring and recruiting the right candidate. To begin with, recruiters can use chatbots to make initial screening automated and effective. Data analytics and intelligent algorithm can help recruiters to identify candidates who are most likely to get hired so that you do not have to waste time interviewing people who are not a good fit. By reducing time and effort to look for the right candidate, HR managers can significantly reduce stress, and focus on other tasks. Most importantly recruitment takes place in an unbiased and fair manner. Finally, businesses can look forward to reduced recruitment costs thanks to intelligent hiring.
If you would like to discover how AI integration with your HRMS can help you hire the right candidate, contact us today.