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 How AI can improve recruitment effectiveness and employee satisfaction

Successful recruitment is judged by two factors – the quality of the candidate hired and the recruiting time. Recruiters are actively looking for ways to improve the quality of candidates while reducing costs and processing time. AI is posed to revolutionize recruitment by improving its effectiveness and boosting employee satisfaction by creating a more cohesive and streamlined process.

Research suggests that recruiters spend on average 15 hours per week actively recruiting for one role. This research suggests a single recruiter completes an average of two hiring processes per week.

The 2021 Recruiting Benchmark Report by Jobvite shows that the majority of employers take one month to fill vacant job positions, impacting company productivity.

Why is recruiting a labour-intensive task? Over 50% of HR professionals have identified administrative tasks, such as screening candidates, as the most challenging aspect of the process. Investing in AI will automate the workflow aspect of recruitment and improve the quality of candidates hired.

How AI Improves Recruitment Processes

AI has the potential to streamline the recruitment process by automating many of the labour-intensive aspects, particularly within the workflow. It can perform high-volume repetitive tasks and remove human bias from the early application stages.

Utilizing AI can improve the experience of the HR recruiter and applicant by leading to more informed decision-making and reducing recruiting time. AI tools can be integrated into the recruitment process, from carrying out background checks to assisting with employee onboarding.

AI can only achieve its potential within recruiting when paired with a team of skilled recruiters who understand their industry and clients’ needs. While AI can deliver dozen of benefits, there are a few specific elements that can improve recruitment effectiveness and employee satisfaction.

Reduce Hiring Time

While there’s no suggestion that AI could do the job of a professional recruiter, it can assist with reducing hiring time by eliminating manual tasks. AI tools and software can remove repetitive tasks that take up the majority of a recruiter’s working hours, including background screening, candidate tracking, and interview scheduling.

Recruiters who work alongside AI software and systems can streamline their workflow to spend more time dealing with the nuances of specific roles than carrying out mundane tasks.

Improve Quality of Hire

AI can make recruiting more effective by improving the quality of the candidates hired. Graduate roles and leadership positions can be difficult to shortlist with recruiters spending time manually going through a large pool of applications.

We are posting these discussion topics to Google Groups for the team to discuss.

https://groups.google.com/g/fd-capital-users/c/VbTBWj2UwPM