Employers now play an important role in managing and streamlining candidate processes in the early stages of recruiting and selection procedures, as well as work together with Conversational AI.
We will analyse emergent technologies in HR, such as AI or Blockchain likely to transform the overall landscape.
AI, selection and recruitment processes
One of the most important developments of AI is within recruitment processes, as identifying the best talent available in the job market is one of the central pillars of any organisation.
However, recruitment software with an integrated multi-posting system allows HR to work simultaneously with different fully automated recruitment sources, or job aggregators. This system allows employers to synchronise the different programmes used during the recruitment process, saving sensitive information, creating alerts and reminders for all parties.
ATS are systems designed to speed up each recruitment process as much as possible. Their main feature is that they are able to sift through dozens of CVs from the available database using different filters at the same time, in order to find the most suitable profiles for the company. The recruiter can also establish objective criteria that reduce the risks of incurring in certain biases during candidate evaluations.
Companies might consider using an Applicant Tracking System (ATS), and other AI functions that can help manage the hiring process better, optimise and automate processes.
An ATS is essentially a platform that is responsible for collecting information about candidates, allowing the recruiter to easily organise and focus on the candidate pool. It can also streamline each recruitment and selection process by finding the most suitable profiles for the company with filters and advanced search functions.
An ATS allows you to publish your vacancies and collect responses automatically from different candidate sources (premium platforms, free employment sites, job aggregators, business school job sites, and your own career page). Employers could synchronise each candidate source in one plattform.
Conversational AI opens new dimensions of candidate engagement, which will have wide-reaching impacts on all ways employers and candidates experience their work, life and performance. AI systems with advanced capabilities, like Amelia, are even able to qualify candidates and effortlessly find the perfect resume
Furthermore, Amelia can also perform an important role as an Applicant Manager, managing each resume, or solving candidates queries. It can help the candidate know the company better, and keeps them engaged with your brand by opening new communication channels
Amelia keeps your candidate engaged any time, helping HR to leave behind some manual and repetitive non-value processes, allowing humans to interact with digital systems through the medium most natural to them: Conversation.
The uses of Blockchain in the selection and recruitment processes
Blockchain´s decentralised network of computers verifies and automates the flow of information, allowing participants to write and update records in ledgers where cryptography guarantees immutable traceability.
That’s why it is a trusted system that stores data without the need for intermediaries . But, how will blockchain impact the HR function?
Recruitment takes up a lot of time and resources within the HR department. On average it takes 30 days to fill an open position, from posting the job to fill the role.
With Blockchain we are envisioning to reduce a 36% of the recruitment process, that is mainly to confirm the candidate´s information, looking at grades, certificates, work history and experience will be easily verified and visible to people with direct involvement.