Companies rely on the HR department to recruit, train, and manage people who can contribute to their success. Failure to fill vacancies can result in reduced revenue.
With changing work preferences and a volatile economy, HR must find the right people without adding to costs. The solution is to use artificial intelligence (AI) to streamline recruitment.
How AI Aids Recruitment
It’s unlikely that AI will replace HR managers and associates. Instead, it will play a critical role in supporting their work. Here are three ways in which AI technology can address many recruitment challenges.
1. Simplify Screening
Hiring the right people starts with screening. According to the 2021 Recruiter Nation Report, there’s a significant imbalance in the number of recruiters and applicant volume. Screening too many people create a bottleneck in the hiring process.
HR teams spend long hours sorting resumes, scheduling, and doing interviews. But not all those interviewed get hired. HR finds many candidates they spent hours screening aren’t suitable for the role.
Urgency in filling roles results in hiring misalignment, which may lead to a high turnover and costs. A Glassdoor survey showed that about 30 percent of employees quit their jobs within the first three months.
Recruitment agencies that use an AI-powered talent acquisition system can filter and recruit with high accuracy. The system evaluates applicants based on their credentials and sends through the best ones. With a shorter list of applicants, staffing agencies can identify eligible candidates faster.
The use of technology is critical in providing candidate support. It streamlines and simplifies the application process, improving employer branding as a bonus.
2. Promotes Talent Engagement and Retention
HR teams perform many administrative tasks that take up much of their time. This leaves them with little bandwidth to improve employee productivity and engagement.
Implementing AI in HR automates manual tasks like checking attendance, processing payroll, and generating reports. That leaves HR teams more time and energy to focus on keeping employees happy and loyal.
3. Improving Employee Performance
Talent acquisition is only one aspect of an HR’s role. Once they hire people, they have to manage them.
Among the critical tasks for HR teams is giving proper attention to employee needs. Promotions, responsibilities, and compensation issues are often pivotal in employee retention. The HR professional must address them while keeping to the budget and achieving business goals.
Performance management software can collect data and quantify employee performance without bias. These AI-powered systems can identify areas for improvement and help in employee assessments.
Removing bias in hiring is one aspect deserving attention. Companies that value diversity, equity, and inclusion (DEI) from the start typically have happier employees. Happier employees perform better.
Streamlining Talent Acquisition and Management with AI
AI can change how HR team function. Using technology in the hiring process is not meant to remove the human aspects of hiring. Instead, AI is there to add value and open up opportunities for HR associates to be more effective and efficient.