Sourcing – finding and qualifying candidates who have not applied directly to an open role – is the second best hiring source, accounting for up to 33% of hires.
Korn Ferry’s latest survey found 69% of talent acquisition professionals believe using AI as a sourcing tool has resulted in higher quality candidates.
Clearly, recruiters that leverage technology like AI for candidate sourcing have an advantage in today’s tough talent market.
Here are the 3 major benefits recruiters are enjoying by using AI in sourcing.
Benefit #1: Freeing up recruiters’ time
According to Korn Ferry, recruiters are seeing the value of using AI in sourcing:
48% state AI is making their job easier
40% believe AI provides valuable insights
27% say AI has freed up their time
Entelo’s data shows the average talent acquisition professional spends about 1/3 of their work week sourcing candidates for a single role, which is around 13 hours a week. Continue reading
There are two sides to most AI staffing discussions.
The first side is the business productivity one: 70% of staffing firm executives, for example, believe that AI staffing will play a role in improving recruitment.
Infosys completed a survey of 1,600 business and IT executives and most noted the potential of AI staffing, with 85% indicating they’d train employees on the benefits and uses of AI.
So that’s all good. There is legitimate potential for more recruiting productivity using AI staffing.
But the other side of the coin is the fearful one: if AI staffing truly gets to scale, will human recruiters be phased out? Continue reading
Recently, I got the chance to appear on CGTN America for a live panel discussion on how AI is changing the global recruiting industry.
My co-panelist was Steve Parker, Director of Global Technology for Allegis Global Solutions, a recognized expert on AI in recruiting.
Together we discussed:
the intersection of AI and recruiting and how AI is changing HR
the financial impact of AI (hint: it’s in the trillions of dollars)
the benefits customers of AI are seeing (e.g., hundreds of hours saved screening resumes)
how companies like Ideal are addressing and correcting for bias in their AI and machine learning models
Optimize Your Hiring Using AI Continue reading
Retail is making headlines again: While Toys R Us filed for bankruptcy recently, Target announced plans to hire 100,000 holiday workers, up 40% from last year.
As one of the first retailers to announce their hiring plans for the 2017 holiday season, Target’s hiring plans hint that retail sales are expected to grow this year.
It’s not just Target that’s increasing their hiring, Indeed reports a 34% increase in seasonal job postings compared to last year from retailers such as Amazon, Best Buy, and Macy’s.
Watch our 2-minute video on 3 innovative tools to help your retail recruiting:
According to industry experts, the rise in hiring in-store associates is being driven by the desire to improve the brick-and-mortar shopping experience. Continue reading
The role that AI plays in diversity in recruitment is still being debated.
Critics of AI are worried it will replicate human biases that already exist. Supporters believe AI can help us avoid unconscious bias and increase diversity in recruitment.
I’m biased (of course), but I’m a supporter of using AI in recruiting.
Here’s why: knowing AI has the potential to replicate an existing bias means we can monitor for it. And if a bias does occur, we know how to remove it.
Here are 4 promising ways in which AI is being used to help diversity in recruitment.
1. Continue reading
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
Ideal and SmartRecruiters Partner to Bring AI-Powered Recruitment Automation to Hiring and Drive Cost Per Hire Down 71%
TORONTO, ON (May 17, 2017) – Ideal, an artificial intelligence for recruiting company, announced today that it has partnered with SmartRecruiters, the Hiring Success Company, as an innovative analytics partner to transform recruiting and optimize customers’ entire talent acquisition process. Ideal’s AI-powered recruiting software is now available to all SmartRecruiters clients via the SmartRecruiters Marketplace.
SmartRecruiters’ Talent Acquisition Suite is used by high-performance organizations for making the best hires. It has full functionality for recruitment marketing and collaborative hiring built on a modern cloud platform, with an open marketplace for third-party recruitment services. Continue reading
Ideal Improves the Candidate Experience and Optimizes Talent Acquisition Opportunities
TORONTO, ON–(April 3, 2017) – Ideal, an Artificial Intelligence (AI) for Recruiting company, is pleased to announce the successful implementation of their AI technology with the “cultural department store for booklovers,” Indigo Books & Music Inc. A first-mover in recruitment automation, Ideal enables employers such as Indigo to leverage artificial intelligence technology to automate commoditized recruiting tasks such as resume screening and shortlisting. By eliminating these more routine functions, talent acquisition professionals can focus on high-value responsibilities such as interviewing and building relationships with candidates.
Ideal’s recruitment automation technology has helped Indigo succeed with two compelling initiatives: improving the candidate experience and optimizing talent acquisition opportunities. Continue reading
AI recruitment is the hottest topic in recruiting these days.
AI for recruiting is the application of artificially intelligent abilities such as learning or problem-solving designed to automate some part of the recruiting workflow.
One major reason why AI recruitment is exploding in popularity are the competing pressures of hiring volume increasing at the same time as recruiting teams staying the same size or decreasing.
This means talent acquisition leaders are looking for ways to streamline or automate their recruiting teams’ workflow.
To give you an idea of what an automated workflow looks like for recruiting, specifically for high-volume recruitment, we created the infographic below. Continue reading
Stay on top of Talent Acquisition’s latest innovations (in 60 seconds or less)!
Today’s hot topic: Resume screening
using artificial intelligence.
AI for recruiting has been making headlines lately—but what does it actually mean? We’re taking a look at just one of the real-life uses that could change the way you screen, interview, and hire.
Manually screening resumes is tedious, tiresome work, especially when 75% – 88% of resumes received are unqualified. Furthermore, manually screening resumes often lacks standardization and can fall prey to unconscious biases.
Artificial intelligence that auto-screens thousands of resumes in minutes.
Candidates are screened with near perfect accuracy and presented to the hiring manager in order of interview priority. Continue reading