How AI is Overhauling Talent Acquisition
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Key Takeaways
⇨ AI can significantly enhance the talent acquisition process by optimizing job listings for search engines, allowing companies to attract more qualified candidates and improve the overall applicant experience.
⇨ Utilizing AI solutions enables organizations to analyze hiring metrics, leading to improved hiring efficiency and quality while also reducing the overhead associated with recruitment processes.
⇨ Companies must adapt their talent acquisition strategies to meet the expectations of skilled candidates, emphasizing improved applicant experiences and optimized job descriptions to remain competitive in attracting top talent.
In this era of Artificial Intelligence, organizations are constantly searching for new AI solutions and different areas within their business in which they can be applied. While many companies are focused on supply chain management or finance, HR and talent acquisition can also benefit from implementing intelligent and automated solutions.
These solutions are more important than ever, as many SAP organizations are still struggling with an ongoing skill gap, leaving some unable to fill critical skilled positions. To help organizations understand the depth of their options, the talent acquisition experts at Radancy laid out a few key use cases to show how AI can bolster the recruitment and hiring process.
SEO
As more and more younger people use AI tools like ChatGPT for their searches, companies should ensure that their job listings are SEO-optimized for AI. They can do this by taking the best practices of SEO with content that also optimized for large-scale. To do this, the information should be more structured, detailed, and have important context.
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Companies that include crucial details about overall employee experience, the corporate social responsibility, and benefits at the job will be prioritized when users ask questions about the best companies to work for in a given field.
Process Improvement
Finding the right hire is not an exact science, as the quality of a candidate can be difficult to quantify. Using AI solutions like the Radancy Talent Acquisition cloud allows companies to analyze key metrics like return on investment (ROI), cost per hire or cost per application to determine how efficient a company’s hiring practices may be.
Armed with this data, companies can improve the quality of the hires and the efficiency with which they make these decisions. These improved processes help organizations to bolster their workforce and reduce the overhead needed to find quality hires.
Applicant Experience
Like any other essential area of a business, talent acquisition has its share of manual, repetitive tasks. AI can help companies to better understand their candidates by automatically screening their resumes and scheduling interviews with prospective hires who meet their criteria. Radancy notes that AI can help reduce time to hire by up to 70%, leaving HR professionals with more time to do other important work.
This not only benefits the hiring organization, but applicants can move through the process more quickly, helping them to feel valued and giving a more positive overall impression of the company. Using AI to personalize the process also helps applicants feel more seen and valued.
What This Means for SAPinsiders
AI can improve experiences for applicants and hiring managers. While companies are still searching out use cases for AI, it is important to remember that it can support both companies and their prospective hires at the same time. Companies should seek out solutions that provide significant benefits and multiple process improvements when possible.
Consider the applicant’s experience to ensure that your organization is attractive. Applicants with advanced skills in areas like AI and automation are going to be essential to the long-term success of many organizations. These applicants will be able to pick where they want to work, so companies would be wise to invest in talent acquisition, ensuring that they seem like an attractive option to skilled workers.
Adapt to the new SEO. AI tools like ChatGPT are being used more frequently as search engines, particularly by younger people. Companies should keep pace with this change by ensuring that their job postings are optimized to be selected by prospective applicants.