Artificial Intelligence for Talent Acquisition

The talent acquisition landscape has transformed massively and bolstered the adoption of tech tools in day-to-day work. Added to this, the Covid-19 pandemic enables HR professionals to reform their talent acquisition processes using machine learning and artificial intelligence (AI). Adoption of AI has many benefits which makes recruitment effortless and more efficient. It enables talent managers to identify the right candidates and improve the overall acquisition and retention process. The use of AI is not just for accessing candidate data but to find the best candidate for the job!

Businesses are using Artificial Intelligence for talent acquisition in the following areas:

• Arriving at the best candidates based on any publicly available data including social media accounts
• Using chatbots to engage with potential employees who are seeking company-related information
• Training and learning solutions to employees
• Screening and assessing candidates for recruitment
• Enhancing the performance management process by customizing and enhancing benchmarking in compensation.

Let us look at the various ways in which AI supports talent acquisition.

Widening The Talent Pool

Post the pandemic, the biggest challenge that organizations are facing is sourcing of the right talent. This is because there is a shortage of talent available since people are leaving jobs for better prospects, or they are delaying coming back to work full-time. So, what do you do when you want to widen the nets and attract the right talent or increase the candidate pipeline? That is where Artificial Intelligence comes in. The use of predictive analytics and data mining capabilities can help finding new potential candidates. For instance, Artificial Intelligence can help identify a candidate who may not have the specific skills for a particular role but have the required experience. Or it can help discover new candidates who were thus far unidentified because of mismatched keywords.

Automating The Recruitment Process

Automating tasks is a critical requirement especially in activities that are time-consuming. AI can enhance an organization’s speed, efficiency, and ability to select a candidate thereby helping you remain competitive. It shortens the hiring cycle by helping you screen and evaluate the talent pool effectively. Also, chatbots are extremely useful and available all the time to help resolve queries of candidates as well as to notify them about their application status. An AI solution can also help schedule interviews and ease the communication. 

Virtual Onboarding

Onboarding is one of the crucial phases of the talent acquisition process. The hiring process plays a huge role in the mind of an employee and in their decision to stay on in the organization. Many organizations have automated the process and enhanced the overall onboarding experience. This is seamless and can even be done virtually if the employee is in a different location. Apart from being a part of the administrative side of onboarding, Artificial Intelligence can enhance connections between the new employee and colleagues and help set up goals for the employee that align with the business needs. 

Overall Impact

AI plays an important role in augmenting and automating the entire recruitment process.  It builds speed, saves time, and enhances candidate experience. It provides insights that help with decision-making. What it is incapable of doing is replacing the need for human connections and building relationships. However, when a recruiter’s time and energy are saved and they are well-planned, they in turn get more time that they can spend with the candidates to interact and build a relationship.

Conclusion

Artificial Intelligence is one of the most remarkable technologies that has brought about a significant change in the talent acquisition process. Not only does it help find the best talent, but it also enhances the organizational image through managing the recruitment and onboarding process. HR teams are yet to leverage the power and competitive edge offered by an AI-driven tool and optimise the talent acquisition process. 

Frequently Asked Questions

1.  How does artificial intelligence help recruitment?

AI-powered tools can help to analyse data from a wide range of sources, such as social media, job boards, and industry databases. This helps recruiters identify potential candidates who might not have been discovered with traditional methods.

2.  What is the role of AI in talent management?

AI can free up recruiters to do strategic work and avoid manual, repetitive and sometimes subjective operative labour, supporting them with actions like candidate interaction, communication, and engagement.

3. What are the benefits of AI in talent acquisition?

AI helps professional recruiters excel at the talent acquisition process – they can use the latest advancements in AI technologies to accelerate the hiring process and produce the best candidates at the lowest cost.