The world of recruitment is changing — and fast! Over just the past few years, systems have become automated and things like candidate matching algorithms have made the struggles of finding top talent a thing of the past. As 13% of companies are already integrating AI as a part of HR, it seems that our processes and use of technology continues to help us not only in finding talent (or even finding a nearby restaurant), but also drives us to focus on the bigger picture — making employees and whole departments more productive and profitable. And we aren’t the only ones seeing this trend.
72% of executives believe that AI will offer sizeable business advantages in the near future. The crazy thing? They aren’t wrong! In fact, with the use of different AI and Automation tools, businesses have seen an increase in overall recruiter productivity by 3.7 times. Think of all the extra work you could get done!
The great thing is that recruiters themselves are feeling these effects and loving it. A recent study was able to find that half of recruiters (49%) feel positive about the effects of AI and Automation on their jobs while more than 80% of executives are “eyeing the peaks” and view AI as a strategic opportunity. This is a great achievement when it comes to finally integrating the use of this helpful technology. Why? Because, despite some negative opinions out there, AI and Automation are NOT the enemy. This growing industry, which is anticipated to be a $47 billion industry by 2020, acts as a way to help workers of the world (especially recruiters) work smarter, not harder.
So, where exactly are recruiters and companies seeing these benefits?
These numbers don’t lie, AI and Automation are the future of HR and recruitment. It’s no wonder that 57% of companies use chatbots and that 15% of HR leaders have said that Artificial Intelligence and Automation are already impacting their workplace plans. However, despite these benefits and thinking into the future, many companies still quite aren’t on board.
Did you know 40% of recruitment agencies don’t automate during the prospecting or client engagement stages, and more than 30% of agencies don’t use it during any stage of the recruitment process despite the fact that 58% of candidates say they’d be comfortable interacting with a chatbot in the early stages of the application process? What’s even more surprising is WHO seems so reluctant to change. It was recently found that only 1% of the Fortune 500 are using AI tech like chatbots in their recruiting. These are the top companies around the world, yet they are still hesitant to jump on the AI and Automation bandwagon.
Like it or not, these and other companies are going to have to catch up sooner or later or be left behind. AI and Automation technology is the future of recruitment. 72% of recruiters believe their approach to hiring will need to evolve as AI and Automation become more prevalent, and they couldn’t be more right. It’s time to get with these new advances in technology for productivity and profitability shake. This is why 16% of recruitment agencies rank actually implementing Automation technology as a top three priority in their agenda. Are you one of them?
Aida is the CEO and Founder of XOR.ai and a former recruiter. She started XOR to help recruiters focus on the hiring and strategic planning that comes with being a recruiter. Aida previously worked in IT recruitment and project management for over six years.
At Social Hire, we don't just do social media.
What the Social Hire gang loves is making a difference for our clients, and we don't want to waste your, or our resources on campaigns that aren't right for your organisation, if it doesn't get your organisation the difference you need - we prefer a better approach. When your business utilises social media management, Social Hire get your brand the exposure it needs and offer your business the lift it needs to improve.
Is it important to you to increase the digital footprint of your business by utilising online promotion, but can't work out how to begin?With the professional understanding of our digital experts working in your business, you can begin to see interaction, brand loyalty and enquiries get better without having to take your team out to spend time on ineffective marketing strategies, or spend money on a internal marketing manager with a view to get results that may not deliver!
The social media marketers in our company are the best in the business at helping our partners enhance their online marketing. We outline and implement cutting-edge social media marketing plans that help our customers realise their organisational objectives and further their social media presence. Our experienced team of digital experts do your social media strategy creation and management in an uncomplicated monthly plan that is cost-effective and is genuinely useful, whatever results you demand from your marketing team.
Our specialists are a team that assists our partners improve their presence online by producing online marketing on a regular basis. Our service is transparent and economical, which ensures that you get a great service and results that make a difference when you use our services.
You might like these blog posts How to Design a Great Website For Small Business - Tips & Mistakes to Avoid, 6 Tips To Get You More Engagement On Your Instagram Stories, Job Satisfaction in Tech Industries: Are Newer Recruits Happier?, and How Should Human Resource Department Handle Working In High-Risk Environments.