The way AI is able to scan and study large amounts of data mean it can detect patterns that underpin successful hires within your organisation. This means the next time you’re unsure about a hire, you can use past profiles to make predictions on how the candidate may fare within your organisation.
This is a big deal, since a lot of invested time, energy, and expenses go into the hiring process. Organisations often can’t afford to go through all this if they’re going to have high employee turnover rates, or if unconscious bias prevents recruiters from hiring the best possible applicants.
Since your decisions will be primarily based on analytics and then on intuition, the use of AI means you’re able to focus energy on distinguishing between candidates who’d make better cultural or behavioural fits to the team.
A case study reported by LinkedIn showed exactly how AI builds better talent acquisition teams: at American company Intuit, hiring time was cut down by half through the use of AI. As VP of Talent Acquisition Nick Mailey puts it, “The value of machine learning is in prioritizing talent. We’re now really good at eliminating candidates we don’t want. Since we no longer waste time on people who don’t qualify, our recruiters are much more efficient”.
This is also the case at UK telephone giant Vodafone, whose implementation of video interviews enabled access to a far wider pool of candidates. As the use of AI widens, so does the necessity to adapt to these changes: in one study by Visier, it was reported 59.9% of businesses using big data technology deploy AI.
This means organisations can no longer afford to ignore the growth of this technology into the recruiting sphere. AI isn’t here to replace your talent acquisition team, but instead is a tool that may be used to make it more efficient and productive than previously imaginable. Regardless of how efficiently your team may run, with a little time and effort, unlocking the potential AI holds will be well worth the energy and investment.
For more information on the ways AI is impacting recruitment, head over to the LEAP articles page.