Artificial intelligence (AI) is slowly creeping into almost every aspect of daily living. It isn’t surprising human resource (HR) departments are embracing AI hiring practices.
Utilizing new technologies can be beneficial if you adopt a few successful strategies. Machines don’t have the emotional intelligence of humans, and the last thing you want is to give up control over who you hire or weed out otherwise qualified candidates.
The best use of AI for hiring is using machines as a tool while still putting human eyes on candidates. Here are some of the best AI-driven hiring strategies to implement.
1. Automate Tasks
Statista predicts the global AI market will reach $241.8 billion in 2023. It will grow at around 17% until it hits $738.8 billion by 2030. Why is the market growing so rapidly?
The ability to automate repetitive tasks and free up time to be more creative is attractive to large and small businesses. Utilize AI to chat with a potential candidate, collect contact information or send follow-up emails.
2. Streamline Candidate Interactions
AI hiring helps navigate potential employees’ experience. The worker pool is still challenging for many small-business owners. Anything you can do to create a more positive experience for people can result in someone taking a chance on working for you.
Use AI to collect basic data and deliver information to potential workers. You can also utilize various programs and set up an interview schedule that makes sense for everyone and doesn’t overlap your top contenders. Competition can drive some people, but others may walk away and take something with fewer applications for fear they’ll miss out on landing the job.
If you receive a massive number of applications, AI can automatically send out form letters to those you’ve decided not to move forward with.
3. Save Money
Recent studies predict AI can replace around 50%-70% of human jobs. AI is a new revolution, and people will lose jobs. It happens with every new big change forward.
However, as you replace people with machines, you’ll save money on health care benefits and wages. You might have expenses such as the initial cost to buy the software and ongoing maintenance, but it will still be cheaper than paying someone full time.
4. Remove Candidate Bias
AI hiring also allows you to remove candidate bias. Even though you might offer extensive training in being inclusive, every person comes to the table with inherent biases based on their background and life experiences.
For example, if someone once had a bully in grade school with a particular name, they might subconsciously assume anyone with the same name might be challenging to deal with.
When AI does the vetting, you end up with only the most qualified candidates matching your requirements. Machines shouldn’t have biases, although programmers sometimes let them creep in. Using AI to narrow the application pool is an excellent start to being more inclusive.
5. Keep Top Workers
Retaining employees takes time and dedication. AI can ease some pressure by handling payroll or sending out greetings for birthdays and other special occasions.
You can also use AI HR software and allow employees to change things such as contact info or health insurance with AI-generated prompts.
Even something as simple as a regular mental health break can make a world of difference in how happy someone is in their role. Sensors can detect physiological changes that indicate stress and encourage staff to take a break, stretch or go home for the day.
6. Compete With Big Corporations
Large corporations hire headhunters to find the right candidate for a position. What if AI could do the same thing for you on a small budget? Tap into the power of AI software and scour job posting sites for new resumes matching the requirements for the position.
Although you’ll still need a human resources point of contact to reach out to potential employees, you’ll have a head start on others in your industry. Bots can scan thousands of resumes in mere seconds. The tasks that take humans days to complete are spit out in a fraction of a second with machines.
7. Generate Better Job Descriptions
Many companies are rejecting programs like ChatGTP to write content. However, when it comes to snazzing up job descriptions, AI might be just what you’re looking for. Take an old one and ask AI to modernize it. AI can also edit for clarity or clearer word choices.
The stronger your job descriptions are, the more likely you’ll attract the type of worker you want. AI can write one in a fraction of the time it might take a department head. You can even gather information from various sources, plug them into AI and have it provide something that makes sense to job seekers.
AI Hiring May Be the Wave of the Future
Adding AI hiring to your HR department may be the next thing on your to-do list. Even as companies utilize machines more frequently, the human touch is still needed. AI isn’t yet foolproof. It may generate a job description that doesn’t quite hit the mark or add a candidate missing the proper qualifications.
Take the time to consider the best ways to implement AI into the hiring process. Use the right features for your business and lean on your team to determine how to incorporate new technologies. With time, you’ll have a well-oiled machine that pulls in and keeps the best candidates in the field.
