It is safe to say that technology is evolving and expanding at an exponential rate. This is what many are calling "digital Darwinism," a time where technology and society are changing faster than most businesses can naturally adapt. A 2018 report found that organizations that are highly invested in digital transformation are more profitable and possess higher market valuations than those that do not. As the founder and CEO of a platform for complete candidate skills and job fit assessment launched in 2003, I have witnessed the rapid evolution of the pre-hire process thanks to technology. It is no surprise that recruiters need to adapt quickly to the ever-evolving environment around them in order to succeed in today's tidal wave of digital progress.
Artificial intelligence is gaining more and more attention. Intelligent self-learning programs disrupt many industries, including eCommerce, manufacturing and production lines, transportation, agriculture, logistics and supply chain, and more. Moreover, such programs automate redundant processes and don't require a high level of creativity, increasing its overall effectiveness. "It is difficult to think of an industry that AI will not transform. This includes healthcare, education, transportation, retail, communications, and agriculture. There are surprisingly clear paths for AI to make a big difference in all of these industries."
Automated Interview Scheduling is a process that allows organizations to reduce the hiring time of the talent acquisition team allowing for greater flexibility, automated administrative functions, and improved efficiency in the interviewing stage. Conducting an interview is one of the most important parts of a hiring cycle. It however could be a tedious task to work around candidate screening, sourcing, and having to schedule interviews with potential applicants. In all of this, time becomes a tricky factor for HR managers. Hence it is important that the process of scheduling candidate interviews is not unorganized and inconsistent.
April 11, 2018 – Companies are conducting fewer job interviews, but continue to see higher percentages of offers to candidates as well as hires, according to Jobvite's latest "Recruiting Benchmark Report." The percentage of interviews that resulted in offers grew from nearly 20 in 2016 to 28 in 2017. Offers-to-hires, meanwhile, went from 83 percent in 2016 to 90 percent last year. The jump in job offers represents the biggest increase in Jobvite's data for 2017, said the report. The San Matteo, CA-based software and recruiting company attributed the change to an increased use of artificial intelligence and machine learning, which spared recruiters from having to perform the more mundane, operational aspects of their jobs.
The HireVue app uses a mixture of video interviewing and artificial intelligence to make recruiting more efficient and match the right candidates with the right jobs. Job recruitment has always been a hassle. Sometimes recruiters are swarmed with 300 applicants for a single position,. Once they've narrowed down the options, the 50 prime candidates still need to be screened and interviewed. It would be more efficient to hire the ideal candidate as soon as possible, rather than dragging them through the job search process longer than necessary.