In recent years, the way we recruit has evolved significantly – we’re now moving far beyond traditional job boards and passive candidate pools, towards something more collaborative and involved. As in nearly every industry, AI and other emerging technologies have changed the way we do things. There are now various tools out there covering most aspects of the hiring cycle – from calendar syncing with candidates, to VR skills assessment (yes, really!).

Hiring managers and recruiters are using AI tools for a variety of reasons, but nearly half reported in a recent survey that saving time is one of the main reasons for implementing these tools in their processes – and of these, 86.1% have reported that using AI has sped up their hiring process.

So, let’s dive into how AI is making the recruitment scene smarter and helping recruiters hire not just faster, but better, in 2024:

1. Streamlining Outreach

Recruiter bandwidth is often stretched thin by the labour-intensive process of individual candidate outreach. AI-driven recruitment software has introduced automation that facilitates mass outreach with the click of a button. This capability not only conserves time but also enhances the quality of initial interactions through personalised messaging, significantly improving engagement rates. According to research by Zippia, 89% of jobseekers they surveyed said that being contacted by a recruiter builds trust, and can actually help them accept a job offer faster.

2. Enhanced Prescreening Accuracy

Often, traditional CVs offer a limited view of a candidate’s potential, missing the mark on capturing their true competencies or personality. AI can help close this gap by leveraging a wealth of data from diverse sources, including assessments and social profiles, to offer a more comprehensive evaluation of someone’s technical and soft skills. By automating candidate scoring and reducing human bias, AI can help foster a more inclusive and efficient screening process - a study by Tidio revealed that 68% of recruiters thought that using AI will help remove unintentional bias when hiring.

3. Transforming Interview Techniques

Even the interview stage has been transformed by AI – there are now solutions helping to provide diverse and lower pressure environments for candidate evaluation. This shift from traditional interviews to AI-assisted assessments and conversations can not only make for a more candidate-friendly experience, but also enrich the recruitment process with deeper insights and data for the hiring manager on the other end.

4. Driving Data-Driven Decisions & Advanced Predictive Hiring

AI recruitment tools can be treasure troves of actionable data, offering insights across the entire hiring spectrum. This information powers sophisticated analytics platforms, enabling recruiters to make informed decisions based on real-time comparisons and rankings of candidates.

Something exciting about the future of AI-driven hiring lies in AI’s ability to predict candidate success – something we’ve never really been able to do before. By analysing patterns and outcomes, AI refines its predictive models, meaning that companies can make more strategic hiring decisions backed by solid data. This can end up saving companies’ tens of thousands of dollars – check out our blog “The True Cost of Bad Hires” to learn more about the consequences of mis-hiring!

5. Enhancing Accessibility

AI has helped to introduce features like automated captioning and flexible assessment schedules, breaking down barriers for candidates with diverse needs. A commitment to accessibility broadens the talent pool, which can enrich companies with a variety of perspectives and skills. After all, creating diverse and inclusive workplaces is good for your bottom line – diverse companies earn 2.5x higher cash flow per employee, are over 35% more productive, and make better decisions 87% of the time (Global Diversity and Inclusion Market Report, 2024). Read our blog “How AI Recruitment Technology is Positively Impacting Career Inequality” to learn more about the impact tech is having on career equality.

6. Optimising Hiring Workflows

AI might be an antidote to fragmented and inefficient hiring processes. By automating and integrating every step from sourcing to offer, AI recruitment tools deliver a streamlined, cohesive workflow, freeing recruiters to concentrate on strategic aspects of talent acquisition. This can also be especially helpful for those who aren’t recruiting full time – think entrepreneurs, small business owners and startups. Imagine what you could do if you had more hours in the week?

Ready to see how AI powered hiring can help you?

With benefits ranging from enhanced efficiency and diversity to quicker and more efficient hiring, AI is setting a new standard in recruitment.

At Osavus, we’re at the forefront of this AI hiring revolution. We’re building a comprehensive platform that embodies the future of recruitment. Leverage the power of AI with Osavus and transform your hiring process into a strategic asset for your business – sign up to our early access list now!