Smart Recruitment Tech - Is It Really The Future?
Are there innovative recruitment tools that could change the hiring process forever? What type of AI recruitment tools should recruiters choose to optimise candidate sourcing and selection? Is Machine Learning really the future in recruitment technology?
As a talent acquisition personnel in today’s world, these are some questions that you might be pondering over. In this blog, we will answer the most pertinent questions about the future of recruitment technology and share some of the best tools you could use for your hiring process:
- Smart Recruitment Tools & Technology – Introduction
- What Are Smart Recruitment Tools
- Candidate Sourcing Tools
- Resume Parsing and Candidate Database Tools
- Chatbots and Video Interviews
Smart Recruitment Tools & Technology
AI (Artificial Intelligence) and ML (Machine Learning) are no longer “emerging” technologies. They have taken the mainstream by a storm and even the layman uses words like AI-driven or Deep Learning tech conversationally.
The world of talent acquisition and recruitment is also growing by leaps and bounds with AI and ML. Recruitment strategy has changed with the introduction of smart recruitment tools and technology.
The best part of the growing new-age recruitment technology is that it is no longer limited to Fortune 500 companies or high-end recruiters only. Recruiters who work on a small or medium scale can also acquire smart tech and see great results.
What Are Smart Recruitment Tools?
Smart Recruitment Tools are unconventional recruitment tools that are powered by AI and ML technology. These tools automate most manual and analytical processes of data accumulation, classification etc. in order to simplify the life of the recruiter.
Additionally, smart recruitment tools use data mining and big data to help accelerate the process of identifying the right candidate and evaluating them in the context of the job role.
The real skill for recruiters is to harness the power of this technology to find the best candidate pool for the vacancy swiftly. The tools which can be used by HR in recruitment will depend on the stage of the recruitment process.
There are different smart recruitment tools that serve different purposes. Let us take a look at some of the most extraordinary and futuristic tools that recruitment agencies could use:
- Candidate Sourcing Tools
The first step in the recruitment process is casting a wide net for sourcing candidates. AI recruitment tools are meant to scan the horizon for the best candidates in a short amount of time.
An AI recruitment tool like HireEZ sources for talent from 45+ platforms with over 800 million candidates – thus you immediately have a larger share of candidates at the top of the funnel as compared to a traditional process. Similarly, Hired searches for candidates that match 95% of the job profile description – this gives recruiter a refined qualitative source to build the recruitment process further.
- Resume Parsing and Candidate Database Tools
Recruiters are bombarded with millions of candidate resumes everyday. It becomes humanly impossible to keep a track of every resume, every day. This is exactly where the latest recruitment tools in the in the industry can help the recruitment agency.
For example, Tobu’s AI powered email resume extraction tool directly extracts resumes from the recruiter’s email and creates a database of the candidate pool within minutes. Tobu executes resume parsing and also helps with scheduling interviews with the candidates.
Check out how Tobu works in this video demo.
The best part about this smart recruitment tool is it can be integrated with any of your existing Applicant Tracking System effortlessly.
- Chatbots and Video Interviews
Having conversations with candidates is an important part of the recruitment process. A conversation helps the recruiter in understanding many subtle traits of the candidates that are not reflected on paper. It is the perfect way to get to know the candidate and evaluate his/her communication skills, previous experience, knowledge and skills in real time.
AI powered chatbots are the latest smart recruitment tool in the HR industry that have text conversations with candidate at the preliminary level and screen out candidates that are not fit for the job role. They also gather data and provide analysis to the recruiter about the candidate’s performance.
Paradox takes conversational AI to the next level. It is almost as real as having a conversation with a human interviewer. Humanly is another smart recruitment tool that has chatbots, pre-screening, going over the social media profiles of candidates and easy integration with CRMs.
HireVue on the other hand focuses on video interviews through Machine Learning and AI. Talocity also offers recruiters “touchless” assessments especially developed for the pandemic recruiting where candidates can go through a series of assessments including video interviews through the platform.
Final Thoughts
Smart recruitment technology is the way forward in the recruitment and talent acquisition space. Innovations in the AI and deep learning space are here to stay. It is time for recruiters to embrace and channel the power of this incredible technology.