Hiring the wrong talent for the job can be as fatal as eliminating the right one. Selecting the suitable candidate from a pool of job seekers is like separating wheat from chaff. The after effects of a bad hire are more than monetary. Time spent in recruitment, training and poor productivity are just few of the implications that can hamper a business.
A five-figure investment in the wrong person is a threat to business, especially for a small company. A disengaged employee not only impedes the morale of his colleagues but can also bring down the team's efficiency severely.
Artificial Intelligence is an inference science which makes objective decisions and allows recruiters to know how effective those decisions would be. As new recruitment tools make the collection and analysis of vast data volumes faster and cost-optimized, hiring teams are looking at gauging key metrics to improve recruitment standards and enhance decision making.
The key challenges faced by modern day HR, range from the operational burden of screening and interviewing a vast pool of job seekers to match-making of right candidates with the right jobs. Every year, millions of aspiring candidates enter the workforce and it is beyond human capacity to evaluate each one of them in a cost and time effective manner. AI can reduce recruitment timelines and help in supplementing human judgment and decision making.
AI takes care of all aspects of recruitment cycle - scheduling, interviewing, scoring, evaluation, etc. Artificial Intelligence for recruiting is the next generation in smarter, efficient, and hassle-free hiring cycles. Today, applicants are more competent and it's imperative to empower HR leaders with technology that matches up with candidate expectations.
Artificial Intelligence can bridge the gap between information and data, changing how recruiters operate and manage the entire hiring framework. AI and predictive analytics can bring the much required objectivity to the recruitment process.
With Artificial Intelligence, it would be easy for organisations to extract data for all employees hired the previous year and evaluate their performance. Also, insights collected from this data can identify which of them met expectations and which did not. This will allow organisations to move beyond subjective hiring and recruit the right talent from a more scientifically shortlisted pool.
Benefits of recruiting with AI
It's vital that organisations take all reasonable steps to avoid hiring mistakes. Some organisations have just begun to invest in analytics but with the benefits associated with data driven decisions, the time is not far when AI will seep into every aspect of recruitment.
Predictive analytics can help companies understand their employees better and foresee customer behaviour. These issues were hitherto unquantifiable but with modern AI methods, organisations are likely to change their recruitment methods.
Human Resource is finally partaking in this technological advancement. An area which forms the backbone of an organisation has so far struggled in keeping pace with technology, and lack of structured information. But hiring tools like pre-recruitments assessments in Language (spoken, written); Cognitive (analytical, numeracy, critical thinking); Behaviour and 100+ Functional Skills can help in increasing overall candidate experience.
Companies need to prioritise investment in human resources, if they are to address real business problems and build effective recruitment mechanisms for the future. Aspiring Minds' AI driven solutions have been helping organizations worldwide do just that and much more.
Case studies prove the effectiveness of Aspiring Minds' assessment tools in improving talent quality. Candidates hired using Aspiring Minds' tools have provento perform better at work.
(Aspiring Minds is a global leader in Artificial Intelligence and Data Science driven talent decisions. Its focus in the recruitment and skills space helps organizations evaluate talent, build talent benchmarks and make recruitment predictable & efficient.)
A five-figure investment in the wrong person is a threat to business, especially for a small company. A disengaged employee not only impedes the morale of his colleagues but can also bring down the team's efficiency severely.
For employees to be involved and committed to work it's essential that the right person is selected for the right job. However, in a manual hiring scenario, a bad hire is unavoidable. Sometimes, the candidate may have a great CV, may be brilliant in the interview but still not be the right fit for the role. This is where Artificial Intelligence driven recruitment solutions can help.
Artificial Intelligence is an inference science which makes objective decisions and allows recruiters to know how effective those decisions would be. As new recruitment tools make the collection and analysis of vast data volumes faster and cost-optimized, hiring teams are looking at gauging key metrics to improve recruitment standards and enhance decision making.
The key challenges faced by modern day HR, range from the operational burden of screening and interviewing a vast pool of job seekers to match-making of right candidates with the right jobs. Every year, millions of aspiring candidates enter the workforce and it is beyond human capacity to evaluate each one of them in a cost and time effective manner. AI can reduce recruitment timelines and help in supplementing human judgment and decision making.
AI takes care of all aspects of recruitment cycle - scheduling, interviewing, scoring, evaluation, etc. Artificial Intelligence for recruiting is the next generation in smarter, efficient, and hassle-free hiring cycles. Today, applicants are more competent and it's imperative to empower HR leaders with technology that matches up with candidate expectations.
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Artificial Intelligence can bridge the gap between information and data, changing how recruiters operate and manage the entire hiring framework. AI and predictive analytics can bring the much required objectivity to the recruitment process.
With Artificial Intelligence, it would be easy for organisations to extract data for all employees hired the previous year and evaluate their performance. Also, insights collected from this data can identify which of them met expectations and which did not. This will allow organisations to move beyond subjective hiring and recruit the right talent from a more scientifically shortlisted pool.
Benefits of recruiting with AI
- Save cost, time and resources
- Standardize the quality of hiring
- Better output and efficiency
- Superb candidate experience
It's vital that organisations take all reasonable steps to avoid hiring mistakes. Some organisations have just begun to invest in analytics but with the benefits associated with data driven decisions, the time is not far when AI will seep into every aspect of recruitment.
Predictive analytics can help companies understand their employees better and foresee customer behaviour. These issues were hitherto unquantifiable but with modern AI methods, organisations are likely to change their recruitment methods.
Human Resource is finally partaking in this technological advancement. An area which forms the backbone of an organisation has so far struggled in keeping pace with technology, and lack of structured information. But hiring tools like pre-recruitments assessments in Language (spoken, written); Cognitive (analytical, numeracy, critical thinking); Behaviour and 100+ Functional Skills can help in increasing overall candidate experience.
Companies need to prioritise investment in human resources, if they are to address real business problems and build effective recruitment mechanisms for the future. Aspiring Minds' AI driven solutions have been helping organizations worldwide do just that and much more.
Case studies prove the effectiveness of Aspiring Minds' assessment tools in improving talent quality. Candidates hired using Aspiring Minds' tools have provento perform better at work.
(Aspiring Minds is a global leader in Artificial Intelligence and Data Science driven talent decisions. Its focus in the recruitment and skills space helps organizations evaluate talent, build talent benchmarks and make recruitment predictable & efficient.)
(This article is generated and published by ET Spotlight team. You can get in touch with them on [email protected])
