Within an organization, everybody has their individual significance. There is definitely no brainer that employees have an integral part and are an intangible asset for the company. Therefore, hiring the best talents is the way for better growth and profit for the company.
The hiring processes are carried out by the human resource department mostly. And manual work indeed has a lot of cons and limitations. Therefore, digitization is the future. With the improvement of technology in each passing day, various recruitment software replaces the manual hiring process and offers extra benefits.
Apart from that, after the pandemic situation in the year 2020, most companies have opted for remote working too. Thus, remote recruitment is not an unexpected move at all.
Companies worldwide have already started implementing AI in their hiring processes and have good reviews about it. According to research by Oracle, nearly 10% of organizations have already implemented AI in their recruitment processes, and 36% are on the verge of doing the same in the next few years, which is quite significant.
There are massive benefits in integrating AI in the remote recruitment process. According to PwC, apart from the company’s benefits and high ROI, after remote recruitment with AI, there is a massive hike in the individual’s ability to learn for the job, inculcate new skills, social contributions, etc. Thus, the hype is quite real! Let’s check out a few ways how companies are using AI in their recruitment.
What Is Artificial Intelligence in Remote Recruitment?
In simple terms, AI uses machine learning and some predictive algorithms for every possible problem-solving aspect in the recruitment process. With automation, the recruitment processes, which are time consuming and resource-intensive, are mostly streamlined and very convenient. Furthermore, the overall performance metrics are also much higher. According to a survey, around 69% of the participating companies have mentioned that AI has enabled them to find high-quality candidates for their company.
What are the benefits of AI in remote recruitment?
AI offers countless benefits in remote recruitment. A few of them are:
Automate repetitive tasks
Recruiters are definitely one of the busiest people. With so many things on the plate-like scheduling interviews, screening candidates, and so on, it becomes quite tough to handle everything manually. The beauty of AI is that it can help automate several manual processes like these, which are mostly mundane or repetitive. This can assist in carrying out the procedures in a quicker manner.
The entire process of remote recruitment is a costly endeavor. There are many investments within processes like training, screening, posting job applications, and so on. According to a recent report, the average expense required for hiring is about $4,129, which is almost $40 or more per candidate.
Managing finances in the correct manner is one of the significant success factors of every high-profit company. With automation in remote recruitment, you can save up many manual hiring expenses like separate interviews, additional recruiters, etc. Instead of all this hassle, you can effectively get better quality candidates at a lesser expenditure which can then be reinvested in other core company activities for a better profit!
No more overlooking candidates
What are the basic requirements of most companies? Well, candidates mainly need to have a top-notch skill base and the required experience to bag a potential job offer. No candidate needs to be a professional and skilled job seeker! The strange fact here is that tons of books in the market and different influential people assist and teach candidates about specific keywords that they should use in their CVs to stand out in the crowd. This is primarily meant for human recruiters only. And this way, companies usually lose out on a lot of potential talented people who could have been an asset to the company. The candidate might fulfill all the requirements and eligibility criteria but doesn’t include those keywords in their CV, resulting in neglection by the recruiters.
AI in remote recruitment can carry out the processes without relying on those keywords. AI focuses on checking all the candidates’ documents with their skills and expertise instead of such keywords. This way, AI will ensure that none of the candidates are accidentally overlooked.
Biasness during the recruitment processes based on appearance, gender, and other aspects is common in most companies. Several complaints arise every year related to such biased views and nepotism. With AI, companies can eventually help fix the various recruitment processes related to aspects like gender gaps, age, etc. According to a Harvard business review, after implementing AI in the remote recruitment process, there is a significant increase of approximately 62% of female candidates within the companies, which is a huge game-changer! Thus, this fair selection process will help in gaining better quality and deserving candidates!
How to leverage AI for remote recruitment?
Technology adds up to human efficacy in different ways. Below are some exciting ways recruiters can have a more productive and easier remote recruitment process with AI. Let’s check them out.
Writing job post
Starting from the basics, placing job advertisements with manual writing,editing and designing is quite challenging. It does not even meet the expectations at times. This is precisely where AI comes into play. Various software like Textico has an augmented writing platform that considers data-driven feedback on job postings. The sourced information is by diverse audiences and candidates for a better response and engagement. This also helps optimize the various job applications in all the online job platforms and makes the initial recruitment process swift and easy!
Sourcing candidates from various job portals, social media channels, company websites, etc., is a lengthy process. Likewise, there are high chances of overlooking promising talents too. Thus, AI-based tools can quickly help find the eligible applicants and maximize the marketing efforts for a better reach.
Furthermore, communication is a major part of remote recruitment too. Millions of applicants and resumes turn up each day. Regular follow-ups, answering queries of every candidate is essential. It is certainly not feasible to have continuous communication with every candidate.
AI chatbots like Hiretual, Olivia, and so on have sourced employees across 40+ platforms and about 700M+ profiles. It mainly works by using natural language processing (NLP) functionality. Major companies like BMW have leveraged software like retorio for their talent management process and have witnessed significant success. It helps in customizing the candidate’s engagement, managing the talent pool, etc., according to its requirements. This eventually results in a better experience for the candidates too.
Easier candidate screening
If you ask any HRs about that one step that takes the most amount of effort and time, then in most cases, the answer will indeed be the screening process. Recruiters need to create a manual pipeline for screening the best candidates for the company.
Automating with several tools and software like skillate, ideal, etc., for streamlining the screening process is prevalent in most companies, which requires minor human interference. The primary mechanism relies on specific aspects of resume parsing like behavioral assessment, skill assessment, predictive algorithms, and so on for various positions. Apart from that, as mentioned above, the process is also much faster in general.
Analyzing employee referrals
Employee referrals are a standard part of the remote recruitment process. Automating the employee referral process helps in analyzing and gaining a better insight regarding the referred candidate. Therefore, the AI-driven tools consider the previous referrals and recognitions, along with the performance data for a quality remote recruitment process.
Remote interviews include video conferences with a panel of interviewers. With a remote interview, the candidate can quickly go through the interview process from any possible geographic location at any possible time without having to reach the physical location in person. If we add AI here, the entire process of remote interviewing becomes way easier! Various applications like HireVue’s facial analysis, VCV, etc., analyze the tone, facial expressions, body language, and other such factors to better assess the soft, technical, and non-technical skills. It will help gain a better depth in the candidate’s personality and make a better decision if the candidate is fit for the post.
Comprehensive background checks
Even though background checks are some of the fundamental aspects of remote recruitment in a company, they are often ignored. This is when companies might face severe repercussions in the future. Thus, a thorough background check is essential to judge the credentials’ authenticity and the information stated by the candidate. Different software like Checkr help in simplified and comprehensive background checks. It helps to verify every tiny piece of information from reliable sources in a much scalable manner.
These are some of the major ways companies rely on AI for their remote recruitment process. Machine learning has opened a wide range of different opportunities and facilities for humans. Leveraging the power of artificial intelligence for such a hefty remote recruitment process is indeed a game-changer. There will be a massive shift to these AI-driven programs and software worldwide for a more straightforward remote recruitment process. Therefore, it is finally time to ditch the traditional manual recruitment procedures and incorporate AI for convenient and quality hiring!