It is quite right to say that AI has now become an integral part of the human resource. All credit goes to technology when it comes to complete transformation in the recruitment process. And it is obvious from the fact that recruiters are seeing a massive reduction in their workload. We saw many discussions on the role of AI in recruitment in 2018. And as per the current scenario, this trend will continue to remain the hot topic even in 2019.
A new recruitment platform utilising machine learning and artificial intelligence (AI) to better match candidates with tech roles has launched today and has already signed up some big-name companies onto its service. London's Snap.hr joins a long list of companies waving the AI magic wand and claiming to bring innovation to an outdated industry, but with the likes of TransferWise, Skyscanner and Tesco already utilising the platform for their tech recruitment it looks like there may be some substance to their claims. Taking aim at the'fragmented and outdated' recruitment market, the startup has already signed up 1,600 companies on its platform who have access to a pool of 12,000 tech specialists which Snap.hr has pre-screened beforehand. According to the tech firm, its finely honed recommendation and matching engine, which constantly learns from candidates and jobseekers on its service, has already halved the average time it takes to get hired down to 12 days from the industry standard of around 24. It also claims that, since its beta launch, jobseekers have received on average five interview requests within the first week and that over 95% of those who have been placed by Snap.hr are still at the company after six months, which it believes attests to the accuracy of its matching service.
The rise of artificial intelligence and robotics in the workplace is inevitable, but what does that mean for the recruitment industry? With robots building everything from our computers to our cars, there is always the fear that the human workforce will become redundant in the future. Researchers from Oxford University found that over the following 20 years, 35% of current jobs in the UK are at high risk of computerisation. Artificial intelligence offers benefits such as efficient management of time, speed, precision and costs less than hiring an employee to perform the same job. Although this may seem impressive, robots lack human emotion, judgement and the ability to think independently.
Thanks to the limitless possibilities that artificial intelligence (AI) has to offer, our lives have never been easier. From smartphones and personal assistants to home automation systems, AI is everywhere. The ability of machines to mimic human intelligence may seem frightening, but the truth is that AI is already transforming many industries. And it's inevitable that labor markets and traditional workplaces will become part of this transformation as well. Though this tech has been around for quite some time, recent advances in computing have started accelerating the growth of AI, and many companies are investing heavily in this technology.
Artificial intelligence has set its sights on the recruitment industry. More and more companies are beginning to use AI-solutions to help speed up the process and make it less hit or miss. Here we highlight 7 areas of recruitment where AI might be used to lighten the load for recruiters and find better candidates for their organization and positions. Artificial intelligence is finding many applications in various industries, and recruitment is no different. AI can be employed to help the recruitment process for companies by employing machine-learning and problem-solving to help find the best candidate(s) for a position.