[UK, 26/09/22] Its ability to streamline the hiring process is why artificial intelligence (AI) has become so integral to HR departments. AI can help businesses accurately identify candidates with the skills needed for an open position. It can also speed up the hiring process within the company.
Around 55 percent of human resource specialists in the United States use predictive analytics to help fill job openings. The figure includes 99 percent of Fortune 500 companies, showing that AI is the most significant HR technology trend.
Issues in Finding the Right Candidate
Finding the best candidate for an open position is the most challenging task hiring managers can undertake. They have to contend with the increasing number of job opportunities in the market.
The lack of qualified candidates also makes finding the best talent more difficult. The sheer number of job seekers can be overwhelming for hiring managers. Often, they are unsure where to start their search or how to weed out the unqualified candidates.
Benefits Offered by AI in Recruitment
AI helps HR professionals by automating various processes in the recruitment lifecycle. Automating repetitive and time-consuming tasks enables talent specialists to focus on strategic initiatives that can help drive the business forward.
Additionally, about 59 percent of HR professionals think that many candidates apply for jobs even if they lack the basic skills necessary for the job. AI can screen candidates and identify the best match for a particular role.
AI-powered chatbots can also engage with candidates throughout the recruitment process. This engagement includes answering questions about the company, the role, and the application process.
Online assessment software can also help identify the best candidates for a role. The software uses AI algorithms to analyze a candidate’s answers to questions and identify the best match for the job.
Additionally, AI can help businesses improve their employee retention rates. By analyzing data, AI can identify which employees are at risk of leaving the company. HR professionals can then take steps to address the issues that are causing these employees to consider leaving.
Prepmatter has first-hand experience on both sides of the interview process. So, it knows the challenges HR managers and candidates face. The company also knows that preparation is key for both parties successfully navigate the process.
Visit https://www.prepmatter.com/online/bcg-online-case-assessment-chatbot for more information about how chatbots can also help applicants pass interviews.