AI for recruiting is on everyone’s mind these days with a lot of talk on how it’s going to transform recruiting. Artificial intelligence for recruiting is the next generation of software designed to improve or automate some part of the recruiting workflow.
Interest in AI for recruiting has been sparked by three major trends:
The improving economy: The recent economic gains have created a candidate-driven market that’s made competing for talent tougher than ever. This competition will only continue to increase – 56 percent talent acquisition leaders surveyed by LinkedIn believe their hiring volume will grow in 2017.
The need for better technology: Although hiring is predicted to increase, 66 percent of talent acquisition leaders state their recruiting teams will stay the same size or even shrink. This means time-constrained recruiters need better tools to effectively streamline or automate a part of their workflow, ideally for tasks that are the most time-consuming.
The advancements in data analytics: As technology becomes fast and cost-effective enough to collect and analyse vast quantities of data, talent acquisition leaders are increasingly asking their recruiting teams to demonstrate data-based quality of hire metrics such as new hires’ performance and turnover.
The growing popularity of AI for recruiting represents exciting opportunities for recruiters to enhance their capabilities but there’s also a lot of confusion about how to best leverage it.
To help you make sense of it all, here are the three most promising applications for AI for recruiting.
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Ji-A Min is the head data scientist at Ideal, an online job marketplace for sales professionals that helps companies automate candidate sourcing and duplicate their top sales performers. Using her master's in industrial/organisational psychology, she conducts research on how to hire salespeople that best fit the role, team, and company culture.