Ask anyone who is searching for a job and they will undoubtedly tell you that it is not a pleasant experience. For some years now the recruitment industry has been stuck on using the same old processes to advertise and recruit suitable candidates. This is on the most part an inefficient system that only ends up alienating those genuinely looking for a job.
All is not lost because there is change on the horizon with the emergence of AI assisted hiring tech recruitment systems. Compared to the classical headhunter costs (usually charging 25% of the first annual salary) AI recruitment technology is a far more cost-efficient way of recruiting top talent.
The majority of recruiters will go on a candidate hunt that often results in generating hundreds of CVs, an exercise that seems to serve no other purpose than generating CVs. Poorly designed job specifications combined with an inefficient manual process will also result in applications from unqualified candidates. Currently in the highly fragmented headhunting industry only about 10% of recruiters use digital channels and tools to help the recruitment process, there is a low degree of innovation and immense inefficiencies with high labour costs. At best a recruitment consultant may conduct a basic keyword search to find candidates and use a similar methodology when scanning through CVs received in response to an advertisement. This is a one-dimensional search with the result that the recruiter will narrow down their search to candidates that have used the matching keywords in their CV, it does not match a candidate to a specific role. It’s actually much more complex than that.
How can recruiters cut out the flawed human process, reduce costs and speed up the process? AI enabled processes can identify the exact top talent without human bias and eliminate inefficiencies by using intuitive tools and fast digital processes. A true AI recruitment system is more multi-dimensional and adds in additional factors like social psychology and multiple business attributes. Equally an AI Recruitment system will create value for both candidates and clients by using processes that act like an “online-dating” self-service for companies & candidates. Used correctly this technology brings a transparency to costs of recruitment and can be candidate friendly too.
There are a few companies out there who are game changing the face of recruitment. Hire Digital is a start-up recruitment company with a global presence that has invested heavily in Artificial Intelligence (AI) to manage the recruitment process. Their talent management software platform gives digital talent recruiters a strict criterion for posting job adverts and descriptions and their AI works in such a way that it generates a much smaller more targeted candidate list by using up to 40,000 attributes. They key to this is efficiency, recruiters spend less time generating job advertisements and trawling through hundreds of CV’s to get their shortlist, Hire Digital can rapidly access up to 1bn talent globally.
Hire Digital is AI with a human touch that is completely revolutionizing the recruitment and selection process. It’s two times faster, 50 % cheaper and ten times more accurate than traditional hiring tech. To find out more speak to Robin Brohl at Hire Digital, he is a real person and would love to engage with you and help you streamline your recruitment processes.