Hiring means the act of giving someone a job; an employer taking on a new employee. The practice of finding, evaluating, and establishing a working relationship with future employees, interns, contractors or consultants. Hiring is a contract by which one person grants to another either the enjoyment of a thing or the use of the labor and industry, either of himself or his servant, during a certain time, for a stipulated compensation, or where one contracts for the labor or services of another about a thing bailed to him for a specified purpose.
The hiring process is the process of reviewing applications, selecting the right candidates to interview, testing candidates, choosing between candidates to make the hiring decision and performing various pre-employment tests and checks.
During the hiring process, a human resources manager will use the following steps to determine the best possible fit for the job:
- Identifying hiring need
- Review job applications
- Planning
- Creating a job description.
- Recruiting
- Applicant screening
- Interviews
- Test candidates
- Applicant talent assessment
- Interview selected candidates
- Choose candidates based on pre-determined selection criteria
- Decision
- Job offer
- Hiring
- On- boarding
- Perform background and reference checks
- Send selected candidates for a health check
Artificial Intelligence in recruitment process is recruiting is an emerging category of HR technology designed to reduce — or even remove — time-consuming activities like manually screening resumes. Artificial Intelligence speeds up the recruitment process and makes the recruiter more productive. This new technology is designed to streamline or automate some part of the recruiting workflow, especially repetitive, high-volume tasks. AI plays a multi-faceted role. It has the ability assess the nature of a job description, conduct objective comparison tests, maintain a highly responsive feedback loop, measure quantitative and qualitative capacities of an individual to fill a job role and perform various other functions that optimize the talent seeking process.
There are benefits of using Artificial Intelligence in Recruitment process:
- Saving recruiters’ time by automating high-volume tasks
- Improving quality of hire through standardized job matching
- Time-Saving and Removing Biases
- Better Candidate Assessment
Need For AI :
- AI reduces the workload of hiring managers and professionals by automating all the tasks.
- With its adoption, recruiters can save their time and pay attention to other business activities.
- A job position attracts numerous resumes. Sorting them out and finding the relevant ones is a tough job. In this process, recruiters tend to ignore and misplace many resumes. This results in having bad hires.
- Urgent hiring calls for technology. When recruiters have to fill in a vacancy in a stipulated period, manual resume processing doesn’t work.
The recruitment industry is taking up growth by implementing a smart way to recruit, i.e., recruiting by AI and numerous sectors are focusing on the change taking place in the recruitment process. The innovations in AI for recruiting are intelligent screening software that automates resume screening, recruiter chatbots that engage candidates in real- time, and digitized interviews that help assess a candidate’s fit. It improves the relationships with hiring managers by using data to measure quality of hire.