According to Josh Bersin, artificial intelligence (AI) is one of the fastest growing areas of recruiting.
Check out 12 revealing stats on how recruiters feel about AI in our new infographic below.
What is artificial intelligence?Artificial intelligence are abilities such as learning, perception, and problem-solving exhibited by machines.
Examples of AI in our daily lives
Voice-enabled chat, search, and personal assistance: Siri, Alexa, Google Home, Cortana Machine learning-powered pattern matching: Netflix, Amazon, Spotify Chatbots: online customer support, Slack bots, Facebook bots
What is artificial intelligence for recruiting?AI for recruiting is an emerging category of HR tech that’s designed to automate or streamline some part of the recruiting workflow, especially repetitive, high-volume tasks. Continue reading
The “hiring is broken” reputation is a hard one for recruiters to shake and the hiring process is only predicted to become even harder this year. To help you maintain your recruiting sanity, I’ve compiled a list of 6 fixes to improve your hiring process summarized in an infographic below.
1. Attract more candidates by promoting your employer brandA LinkedIn survey found the #1 obstacle for job seekers changing jobs is “not knowing what it’s really like to work at the company.” This uncertainty is a big reason why recruitment marketing has become so popular. As a central part of recruitment marketing, your employer brand is a reflection of your company’s culture, values, and mission. Continue reading
A major feature of AI for recruiting is its ability to stop unconscious bias. A recent lawsuit reminds us why we need to avoid bias during hiring: Palantir, a software startup, is paying $1.7 million to settle a racial discrimination lawsuit with the Department of Labor’s Office of Federal Contract Compliance Programs (OFCCP).
Similar to EEOC guidelines, as a federal government contractor, Palantir cannot discriminate based on race, color, religion, sex, sexual orientation, gender identity, national origin, disability or against military veterans.
The Department of Labor accused Palantir of disproportionately eliminating qualified Asian applicants for engineering positions. The lawsuit alleges Asian applicants were routinely eliminated in the resume screening and telephone interview phases despite being as qualified as white applicants. Continue reading
With hiring volume up this year, recruiters are investigating new AI recruiting innovations to efficiently and creatively manage their increased workflow.
The eagerness for bigger and better tools has led to this rise in AI in recruiting: the application of artificial intelligence such as machine learning, natural language processing, and sentiment analysis to the recruitment function.
The interest towards adopting AI in recruiting is similar to why it’s becoming popular everywhere else – to automate or streamline parts of the workflow, especially time-consuming, repetitive tasks that were previously difficult or impossible to do.
Recruiting software that uses AI technology is presenting new opportunities for doing things differently. Continue reading
With hundreds of recruiting tech companies out there, how do you determine which ones are the top recruiting software tools worth investing in?
According to Bersin, the HR tech market is estimated to be worth $14 billion. A big chunk of this market is made up of recruiting software. The applicant tracking system (ATS) market is estimated to be worth $3 billion on its own.
To narrow down the list, I’ve created this guide to the 28 top recruiting software tools of 2017 summarized in the infographic below.
Job Boards & Job Aggregators
Job boards and job aggregators are a crucial part of the recruiting software ecosystem because applicants make up the biggest source of hires at 50%. Continue reading
Recruiters aren’t just people experts these days, they’re software and tech experts too. This is because success depends a lot on having the right recruitment software system in place.
But with thousands of recruiting software tools out there, it can be hard to narrow down what you really need to make your job easier.
To help figure it out, here are 5 features that you need for a great recruitment software system.
1. Automating time-consuming tasks
An Aberdeen Group report found 59% of recruiters said that they don’t have the manpower or time to review all of the applications they receive for a job posting. Continue reading
Often used to measure recruiting efficiency, time to hire is the number of days between first contact with a candidate to the day the candidate accepts the offer.
Workable’s data finds the average time to hire in the US is 24 days (compared to 41 days for time to fill), ranging from 17 days for healthcare roles to 32 days for product management roles.
Although some experts argue reducing time to hire isn’t always beneficial, a recent survey found 52% of recruiters believe a lengthy hiring process is the biggest obstacle to adding headcount.
In today’s competitive talent market, hiring success will depend on intelligently automating and streamlining the recruiting process. Continue reading
LinkedIn’s latest recruiting survey reports 77% of talent acquisition leaders are interested in better recruitment software tools this year.
With hiring up 11% this January and 56% of recruiters who already find the hiring process takes too long, time-constrained recruiting teams need help coping with increased demands.
With the need for speed in mind, here are the 8 best recruitment software tools that speed up your day presented in an infographic.
Stage 1: Resume review
iCIMS reports a resume spends 15% of its time in the applied phase. For every 100 applicants a job posting receives, about 75% get screened out at the resume review stage. Continue reading
A recent LinkedIn survey reports 56% of these talent acquisition leaders predict their hiring volume will increase in 2017. That means recruiting departments need to re-assess their recruiting tools and consider which best recruiting software innovations will help them succeed.
These talent acquisition leaders spend 17% of their recruiting budget on a variety of recruiting software tools.
Source: LinkedIn
To help you assess how to spend your recruiting budget, here are the 4 best recruiting software innovations designed to make recruiting more efficient, cost-effective, and competitive.
1. Intelligent resume screening software
Intelligent resume screening is the next generation of resume screening. Continue reading
It’s time to assess our recruiting wins and losses and to look towards the recruiting trends of the new year.
There are three major themes I believe will shape the recruiting trends of 2017.
The improving economy: Recent economic gains have translated to increased job openings going hand in hand with decreased unemployment. These gains have created a candidate-driven market that will make competing for talent even tougher this year.
Innovations in recruitment technology: Hiring volume is predicted to increase in 2017, which means time-constrained recruiters need better tech tools to enable their success. This year, look for advances in recruitment tech that will automate or streamline parts of the recruiting workflow that were previously difficult or impossible to do. Continue reading