HR Leader Adrian Tan on AI-Driven Talent Acquisition: The Top 5 Trends to Watch out for in 2023

“From Siri on your iPhone to the Roomba in your living room to the potentiality of self-driving cars, all these could not have been made possible without the invention of AI. And now, you can see similar tech trends in the recruitment space too.”

Adrian Tan
Fractional CMO for HR Vendors

With the research preview of ChatGPT, all eyes are on Artificial Intelligence (AI), and how it has penetrated almost every facet of our lives.

With so much talk around AI and technology, its high-time recruiters benefit from its wonders! So here are some top benefits of utilizing #RecTech, and what you can expect from AI-driven talent acquisition this year.  

Here’s Why You MUST Use Technology in Talent Acquisition

  • Increased efficiency: Technology can quickly and accurately review large volumes of data, enabling you to identify top candidates much more efficiently.
  • Improved candidate experience: Automation-powered solutions can provide personalized job recommendations to candidates, improving the overall job search experience.
  • Enhanced accuracy: By analyzing data from multiple sources, AI can provide a more comprehensive view of a candidate’s qualifications and skills for a role.
  • Diversified talent pool: #RecTech can identify candidates from diverse backgrounds and experiences, creating a more inclusive and diverse hiring process.
  • Cost efficiency: By automating specific tasks, you can save a lot of time and money while hiring.
  • Improved retention rates: By predicting employee performance, businesses can recruit higher-quality candidates.

With so many AI-driven recruiting strategies taking over the talent acquisition space, here are the top five trends I recently discovered and recommend for all recruiters. 

Trend #1: Automated Sourcing

Artificial Intelligence can streamline candidate sourcing using data analysis to identify top talent for a particular role. 

For example, a recruiting software can analyze resumes and job applications to identify critical skills and qualifications, saving recruiters the time and effort of manually reviewing each application.

Such hiring platforms use machine learning algorithms to analyze data from various sources, including job postings, CVs, and social media profiles, to identify the most qualified job prospects for a given role. 

Given that many applicants are passive, this will allow you to scale your outreach in a targeted manner.

Trend #2: Usage of Chatbots

Moving down the funnel slightly is where candidates interact with recruiters, and this is where the bottleneck starts. Recruiters can screen only a single candidate at a time, making this one of the most time-consuming tasks!

But with AI chatbots, you can automate your interactions with job seekers and quickly gather relevant applicant data. 

The best part is you can have chatbots communicate with hundreds of candidates simultaneously!

This tool utilizes natural language processing (NLP) that communicates with candidates in a way that is similar to how humans communicate. 

Trend #3: Utilizing Voicebots

Once the candidates clear the chatbots, it may differ from the interview

Given the brevity of chatbots and the possibility of communicating with them on a small smartphone, there may be nuances and backstories that the automation tool could only capture partially or accurately.

This is where AI voice bots come into the picture. Voice assistants such as the ones from Apifonica carry AI-powered dialogues and the ability to communicate like a local in more than 150 languages.

Trend #4: Interview Scheduling

“I love scheduling interviews,” says no recruiters ever. 

It’s often difficult to coordinate schedules since everyone has different availabilities. If delayed by internal problems, the candidate may move to other opportunities.

Using an AI interview scheduler is the key to eliminating all these headaches in one go.

AI interview scheduler technology can seamlessly schedule and organize interviews for job applicants. 

Recruiters can leverage these tools to streamline the scheduling of meetings and reduce the workload on HR and recruitment teams.

Trend #5: Online Video Interviewing

Have we finally reached the human recruiter?

Not so fast. AI can also play a part in conducting video interviews and can be even more effective than humans.

For example, Interviewer.ai uses AI to help teams identify desirable talents via observable traits such as the candidates’ pacing, body language, dressing, eye contact, and facial motion.

The naked eye may easily overlook things as one focuses on the conversation.

In Final Words

Recruitment firms must stay informed on the latest technological advancements in the staffing space to remain competitive in the hiring market. 

Recruitment automation has the potential to streamline and improve the talent acquisition process considerably, and staying up-to-date on the latest trends can help you take advantage of these benefits. 

Happy recruiting!

Author

Adrian Tan

Adrian Tan is a former HR entrepreneur turned B2B marketing strategist. As one of the Top Global Influencers in HR Tech by AIHR, Adrian writes extensively about the Future of Work on adriantan.com.sg and is the creator of the Singapore HR Tech Market Map. He also hosts The Adrian Tan podcast, where he interviews people who are enabling the Future of Work.