What’s All The Hype About AI-Driven Skills Management
Using AI for recruiting offers several advantages, such as minimizing the manual research and assessment work of the talent acquisition team. This not only reduces the time taken during the recruiting process but also helps companies find better candidates. However, the lack of transparency in AI's match-making process poses a challenge for HR teams. Therefore, it is best to choose software that is under the control of the HR team, enabling them to monitor the algorithms and variables used to prevent bias. With AI-powered recruiting, companies can streamline the hiring process while ensuring fairness and objectivity.
The Gartner 2019 AI survey reveals that 17% of companies currently use AI-based solutions in their HR functions, with an additional 30% planning to do so by 2022. AI is transforming the way HR functions operate, but it's not a competition between humans and machines. Rather, AI helps HR managers to perform their jobs more effectively and efficiently.
AI does the sourcing and match-making tasks for the HR team so that the team can focus on issues that require a human touch, like building a genuine connection with the candidates.
What is AI-based Matchmaking?
AI-based matchmaking involves identifying candidates who best fit the job requirements by comparing their profiles with the job specifications. This method allows the talent acquisition team to find the right candidate for the job faster and with greater accuracy.
AI-based matchmaking increases the relevancy of talent sourcing and streamlines the engagement and hiring processes. AI technology recognizes similar skills, which previously required human assessment, saving time and effort.
How is AI-based match-making reinventing recruitment?
Gone are the days when humans had to spend countless hours analyzing a candidate's skill set and matching them with the ideal job. Thanks to the introduction of AI in HR, the process of finding the right candidates has become more efficient and less time-consuming. AI-powered recruitment management software can now handle the task of pairing candidates with jobs based on their skill set and job requirements.
AI has revolutionized the way candidate assessments are conducted. With AI-based resume filtering software, the process of parsing through candidate resumes has become faster and more efficient. Furthermore, AI has made it possible to conduct assessment tests and quizzes that evaluate a candidate's skills and qualifications. The use of HR tech has significantly enhanced the recruiting process, making it quicker and more efficient.
AI-powered chatbots have also emerged as valuable tools in HR. They assist candidates in finding answers to their queries and provide a personalized experience of the company's website. Once a candidate is hired, AI helps the HR team provide a customized onboarding experience, which can boost employee engagement and retention rates. Additionally, AI software is utilized to monitor and manage the performance of existing employees and provide performance ratings.
In conclusion, the integration of AI in HR has had a profound impact on the recruitment and talent management process. From finding the right candidates to assessing their skills and managing existing employees, AI has made HR more efficient and effective.
Alok Nidhi Gupta has built this high tech company from scratch as Co-creator of the organization and lead the organization that filed patents in Smart Metering fields. He has been instrumental in the entire design & development of TalentRecruit’s software offerings, it is under his leadership that recruiters across industries have come to rely on TalentRecruit’s robust solutions.