Recruiting is one of the toughest issues organizations face today and finding the right candidate is crucial for business success. It takes a lot of time and money to be confident with a hiring decision, so if that chosen individual ends up not being the right fit for the role, it can be a detrimental setback to the company. Ironically, artificial intelligence (AI) and machine learning has been sweeping throughout the business world to support the traditional recruitment process and solve problems of human capital management.
While some might be worried that all this technology will hinder the human interaction aspect of the recruitment process, if integrated properly, it can reap benefits.
Given that traditional recruiting measures can be a notorious undertaking, AI can enhance the process and help improve talent acquisition efficiency and effectiveness. It can allow Human Resource managers more time to focus on hiring the right person for the job without the backend manual work. Consider some of the ways AI is affecting the recruitment process.
Ways Artificial Intelligence is Integrating into Recruitment Practices
Some of the most central aspects of the hiring process are to source talent, effectively communicate with candidates, and build a relationship with potential hires. Incorporating artificial intelligence into the recruiting process can help support these values and offer benefits for both the recruiter and the candidate.
In a survey carried out by Entelo, 72% of respondents agreed that automated sourcing would increase their productivity.
It’s important to remember that AI recruitment is available to be a support mechanism. AI allows more time to be spent on the necessary human interaction aspect of recruiting by supporting the hiring process in five key areas:
Hire More Targeted Candidates
Eliminate Hiring Bias
Video Interviewing
Time Savings
Manage Candidates’ Timelines
In conclusion, recruitment is a two-way street. Candidates want to find the perfect company, and companies want to find the perfect candidates. Integrating AI in the recruitment process has the potential to benefit both parties and help solve challenges – like the time is takes to hire, finding the right hire, and ensuring overall satisfaction for the applicant and the business seeking candidates.
Canadian Government Grants to Develop Your Workforce
Hiring the right employees can help your business reach new heights. Regardless of the scale of your hiring efforts, increasing your workforce can lead to significant benefits to an organization’s profitability. If you are planning on expanding or developing your workforce, there are Canadian government grants for small business recruitment activities to ensure they have qualified workers with the necessary skills and capabilities to support ongoing and future business plans.
A wide range of wage subsidies are available to Canadian businesses, covering a percentage of the new employee’s hourly wage rate or a set hourly subsidy dollar amount. Reach out to Mentor Works via the Wage Subsidy Identifier and we can identify hiring grants available for your business.