Artificial Intelligence In Hiring: A Tool For Recruiters
By Vinay Johar via Forbes, June 10, 2022
A philanthropist and the CEO of RChilli, Vinay Johar has been listed among TAtech’s Top 100 HR Tech Thought Leaders.
A career in recruitment is the essence of finding a needle in a haystack. While there are plenty of reasons why this is true, a few include increased employee demand in particular segments, a company’s economic stats going haywire and a surplus of candidates hunting for the same job.
Lately, numerous talent acquisition professionals are reaping the benefits of AI-driven technologies. In fact, automated resume screening software has become an integral part of many recruiting systems globally.
According to the data from Predictive Hire, nearly 55% of companies are investing in recruitment automation and believe that it’ll enhance efficiency and enable data-driven judgments. For instance, a resume parser, a technology I work with extensively, helps screen resumes and extract candidate data. For the recruiters who are still in limbo about whether or not to go for augmented AI, I’ve lined up a few benefits that can be helpful as well as some best practices.
Carrying a passion for bringing innovative solutions to the HR Tech industry, I spend most of my time with enterprises, mentors and thought leaders to understand bottlenecks in the recruitment process. That’s why I understand how error-prone recruitment can be.
Understanding the vital role automation plays in the HR industry and how well it caters to the challenges, there are certain solutions that can make these automated tools more affordable and accurate.
Recruiters are quite busy. Hence, the more the otherwise complicated tasks become automated, the better their productivity. AI-driven recruitment tools, for instance, help HR leaders fill open positions speedily by auto-filling and populating the resume data fields. Recruiters only have to upload and parse the resumes compared to the otherwise lengthy process when they had to scan each candidate’s information manually. This saves a lot of their valuable time. This time-saving aspect requires a strong foundation in how you set up the automated tool. Make sure everything is set up properly and to your specifications in order to save time in the long run.
A study released by the economists at the University of Chicago and the University of California, Berkeley points to the rising discrimination among the teams in the large U.S.-based companies. Most recruiters have integrated resume parsers in their technology stack to negate biases while hiring. This has helped them infiltrate their workforce with diversity instead of homogeneity.
Ensuring Your Tool Helps In Unbiased Hiring
The AI tool is designed to oversee the resume layout and the type. Having the leverage to select essential parameters like skills, education, qualification and experience helps improve the quality of hire. When set up correctly, the knowledge and skills of the employee will matter rather than other personal attributes. To ensure unbiased hiring when using these tools, make sure to carefully select the fields of your parser and remove any data that could create bias. You can disable things like the name of a candidate or the name of their school from showing up. This can help your recruiters select the skills that they would otherwise overlook.
Ultimately, blind resume screening is led by automation in the backend. The parser, for instance, helps the hiring manager select essential fields over the non-essential ones, which further improves the quality of hires and leads to less bias.
An Improved Candidate Experience
A positive candidate experience is not just a cliché; the comfort and ease in applying to a job matter almost as much as the after-process, including interviewing and hiring. According to Talent Board’s 2021 candidate experience benchmark research report, conducted on nearly 200,000 candidates, the candidate resentment in North America rose from 8% in 2020 to 14% in 2021.
Encouraging An Enhanced Candidate Experience
Recruitment has become a two-way road where…