The recruitment process can be stressful for people on both sides of the fence – the hiring manager and organisation and the candidate can find themselves spending time, effort, energy and money – and not getting the perfect fit.
A 2019 survey from IFS found that 90% of businesses reported at least some plans to implement AI in various parts of their business. And this new technology is changing the recruitment landscape, as clients and candidates look to find the most efficient and effective solution for hiring.
Here’s how AI is shaking up the recruitment industry.
AI speeds up screening
One of the biggest challenges in hiring is identifying the right candidates from a vast number of applications. It’s not uncommon to see hundreds of IT contractors apply for a good role. With AI hiring managers can quickly identify which ones are the best fit. Intelligent screening software streamlines that workflow and matches are made instantly when a candidate ticks all of a hiring manager’s boxes.
AI helps diversity and inclusion
Although AI has had a reputation for simply replicating the biases of its creators, when used correctly many believe it can enhance diversity and inclusion measures and increase equality of opportunity for people of all backgrounds. Anonymised CVs mean that that hiring managers only see the relevant experience and skills. This ensures that matches are made on essential information, rather than a gut feel or personality like so many recruiters do. Candidates are matched only on skill rather than personal characteristics.
H2: AI finds a better fit
By matching based on skills, it’s clear from the start if a candidate is perfect for the job. If the candidate and client are a good fit from the start, they’re likely to have a more successful and productive working relationship. Retention rates will be higher, performance better, and both client and candidate happier in the long term. This makes for a better working relationship from both sides.
AI reduces time and costs
The fact is that technology is relatively cost effective. Rather than paying a recruiter an extortionate amount to sift through thousands of CVs, phone candidates to filter them, and go through lengthy interviews with candidates that aren’t quite right, hiring managers can efficiently and effectively match with only the candidates that are right. This huge reduction through the screening and matching process cuts down overheads and workload, which saves money and time,
OnSkil are disrupting recruitment
OnSKil was founded by two people with decades in recruitment who understand both sides of the game. They are revolutionising the IT Contract Market, helping candidates and clients find their perfect job match, remove hiring bias for good. By anonymising CVs and matching only on skills, bias is diminished making for a fairer landscape. It removes the need for agents, and their associated cost, as a faster, cheaper IT contracting ecosystem that matches IT jobs using the world’s most innovative and advanced recruitment technology. It’s efficient and finds the right person for the right job fast – in fact OnSkil’s Virtual Internal Consultant (VIC) never sleeps, using semantic searches and cutting edge document fingerprinting to find the best candidates.
Nick Brand, of OnSkil, said: “We’ve worked in recruitment for twenty years and have seen both sides of the table. We know what works for candidates and for clients, and developed OnSkil’s technology to streamline the process so that candidates get the job that’s right for them, and clients recruit the best talent for the role. AI alone is not enough, that is why OnSkil has harnessed HI (Human Interaction) into our process – a factor that can’ t be ignored when dealing with people. It’s about blending tech with the personal touch.”
Jane Brand added: “Finding a freelancer or a freelance role can be challenging, and with so many IT contractors out there seeking jobs in top companies, it’s not always easy to get the right hire for the right job. But AI and technology can help. We use it in every part of our lives, from shopping to travel. In fact, we were inspired by the matching processes used by dating platforms and apps, and knew it could work well for IT recruitment. “