AI revolutionises recruitment, boosting efficiency for businesses while candidates adapt to new hiring complexities and challenges.
As the employment landscape continues to rapidly evolve, Rebecca Carr, CEO of Smart Recruiters, highlights a major issue: the reduction in HR personnel.
While fewer staff may seem efficient, it complicates the hiring process as roles demand more specialised skills.
Currently, 56% of jobs are reported as more complex to fill, and time to hire has increased by nine to ten days globally.
Candidates are leveraging AI to enhance applications, with an estimated 58% using AI tools to optimise their CVs or apply for multiple jobs quickly.
This creates a larger applicant pool, further complicating business recruitment efforts.
AI can improve efficiency by automating tedious tasks like screening, scheduling interviews, and drafting offer letters.
Companies that implement AI often see a 26% improvement in hiring speed.
Rebecca notes that while recruitment has improved over the last decade, there is still a significant gap compared to consumer technology.
For companies to thrive, they must quickly adapt their recruitment processes to current expectations.
Regarding the opportunities and risks of AI, Rebecca identifies three key benefits: better candidate discovery, increased efficiency in processes, and enhanced insights for optimising hiring practices.
However, risks persist, particularly surrounding candidate consent and potential biases in AI algorithms.
As of now, about 40% of candidates choose to opt-out of AI-driven processes, indicating challenges in balancing technology with human elements.
For more information, visit Smart Recruiters’ website.
