How is AI Transforming Hiring Industry?

artic How is Al Transforming Hiring Industry 8 The volatile hiring market leaves little room for errors , and now is the time to set your AI HIRING PLAN in motion . 355555 " IFIAN AI While there's much information about what Al is , less is said about how exactly it enhances your Recruitment . This article talks about the most popular and innovative Al recruitment tools to help you level up your upcoming hiring cycle . 95 % of HR professionals said that Al could help with the application process for candidates Simply speaking , Al enables computers to perform the tasks typically performed by humans . 49 % of HR professionals believed that Al would help them avoid unconscious bias . ***** According to the market research firm IDC , the global Al market will grow by over half a trillion U.S. dollars by 2024. McKinsey's 2021 survey revealed a steady rise in Al adoption , with 56 % of companies adopting Al in at least one function , up from 50 % in 2020 . Artificial Intelligence For Recruitment Industry Al hiring tools reduce recruiters ' burden , saving them time and money , allowing them to focus on candidate relationships and other meaningful projects , and increasing your revenue . In the recruitment landscape , Al has found use at every stage of the hiring cycle , from sourcing to onboarding . This year , research by Aptitude found that while companies increased overall investment in tech and Al for talent acquisition , 63 % of companies reported a plan to invest in Al hiring solutions in 2022 . Understanding Al recruitment software often uses machine learning , natural language processing ( NLP ) , predictive analysis , and automation to support your hiring ecosystem . These technologies facilitate efficient collaboration and planning , production , and delivery functions . Especially for Recruitment , Al - powered tools can help you source , hire , onboard and manage issues across the employee life cycle . With a CRM , businesses can Ai - Powered Job Database & Job - Matching By using advanced machine learning , Al - powered job databases analyze job descriptions to understand various skill sets and roles . These platforms use this data to recommend a personalized list of jobs to candidates based on their skills . Al also weeds out irrelevant job posting to deliver postings that genuinely match a candidate's skills and interests . Attract and nurture Candidate Experience And Relationship Management Candidate engagement and experience are determining factors in today's candidate - driven job market . Companies can use a CRM tool to employ timely and relevant automated communication to nurture and retain candidates . Screen and assess candidates to move them along the hiring stages www.arytic.com Candidate Sourcing And Screening Candidate sourcing is one of the most challenging aspects of the hiring cycle that can be overcome through streamlining and automation . In 2022 , organizations are mainly automating sourcing ( 48 % ) and screening ( 45 % ) . Al recruitment software will help source candidates , engage passive talent and employ screening measures to determine a candidate - role fit , and Build a robust talent network and database that you can tap into whenever required . 2 CE Automate recruiting tasks like emails , interview scheduling , background checks etc. , from a single dashboard Analyze hiring data to generate actionable insights Conclusion Since the pandemic , investment and adoption of Al in the recruitment industry have skyrocketed . With definite benefits , even recruiters believe that Al recruitment tools ease the hiring process and help them hire better talent . Employing Al to automate repetitive administrative tasks can free your recruiting teams from mindless time - consuming activities allowing them to focus on other goals . Companies still on the fence about Al recruitment platforms are losing out on efficiency , functionality , and productivity .