Hiring at volume presents unique challenges. Often businesses with high volume recruitment needs struggle to attract quality candidates fast enough to fill their open vacancies. Being unable to hire the right people quickly can impact your ability to operate. Thankfully, new technologies like Artificial Intelligence (AI) and machine learning provide businesses with new talent acquisition tools that can support and even optimize your high-volume hiring strategies.
Benefits of Using AI in Recruitment
Artificial Intelligence can sound futuristic and even scary. While AI isn’t going to replace the need for the human touch in hiring, it can have substantial benefits particularly for businesses in industries with high turnover, seasonal peaks, or for those roles that attract large numbers of candidates. In these cases, the future of AI in recruitment is bright.
In fact, 44% of internal and external talent acquisition professionals think that AI can save them time by automating repetitive tasks and reduce overall time-to-hire. However, those are not the only benefits to using AI tools for recruiting, it can also:
- Reduce bias so you can meet your DE&I goals
- Improve the candidate experience
- Support your employer brand
- Attract candidates with the right skills – even passive candidates!
The Best AI Recruiting Tools for High Volume Hiring
There are numerous AI tools for recruitment and talent acquisition available, but not all are going to be suitable for high volume hiring. To get around this, big names like Amazon have spent billions developing in-house AI tools for evaluating resumes and fast-tracking candidates. For those without Amazon’s resources, however, there is the option of partnering with an experienced RPO provider. This is a great way to access the best new AI tools available as well as get advice on other aspects of volume hiring strategy.
Here are some of the best AI recruiting tools around for high volume hiring:
Screening and Shortlisting Tools
One of the big challenges of high-volume hiring is sifting through large numbers of applications and resumes. AI screening and shortlisting tools go beyond keywords to enable your talent acquisition team to pinpoint the most suitable candidates. Ensuring you approach the most skilled applicants first, filling positions more quickly. Thorough early screening processes can also mean that your quality of hire improves. AI tools can also be used to sift through your existing database of resumes making it easier to approach passive candidates.
Video Interviewing Software
Video interviewing is a relatively new technique for screening and processing candidates in the early stages of hiring. It’s made possible by the fact that most people now have access to easy-to-use recording software. Candidates are asked to provide a short video of themselves answering a standardized set of structured interview questions. Combined with data analytics, AI can help predict the best candidates for the job based on these interviews alone.
This brings us onto the power of data to optimize high-volume hiring. Most companies have enormous amounts of data at their fingertips, collected through years of hiring decisions. Yet many fail to make use of the full potential of the information they have. AI can help you collect, analyze, and understand your hiring data so you can:
- Identify high-potential candidates
- Recognize skills gaps
- Improve retention
- Make better workforce planning decisions
- Get insights into current workforce and industry trends
Applicant Tracking Systems (ATS) can be used to reduce the amount of time your talent acquisition team is spending on repetitive tasks like interview scheduling, providing feedback and emailing candidates. Being able to respond to candidates and schedule interviews instantly helps improve the candidate experience and position you as a great, communicative employer. ATS systems can also be used to help reduce bias in the hiring process.
AI is a great tool for ensuring your job ads not only appeal to the right candidates but that you are advertising in places that reach those candidates. AI can be used to craft compelling, concise and to-the-point job descriptions and programmatic advertising tools can then be used to determine where to post those ads to reach the right candidates. The best part is that the software then learns from the data it collects, making it easier to target ads in the future.
Chatbots have revolutionized how businesses interact with their customers. They can also be used to help develop relationships between companies and potential employees. Chatbots can answer queries, update applicants on the status of their applications and even be used to help fill out application forms. They can also be used to gather data on employee expectations helping you to personalize your benefit offerings and Employee Value Proposition (EVP). All this goes a long way to increasing engagement.
High volume recruitment can quickly overwhelm your internal hiring resource, making the recruitment process more time-consuming and less efficient. Access world-class recruitment technology and industry-specific expertise that will allow you to hire faster, free up internal resources and provide a streamlined candidate experience with Pierpoint’s RPO solution. To discuss your volume hiring requirements, book a call with one of our solution experts today.