Finding, comparing and hiring the best talent is hard at present. Talent Marketplace Platform to revolutionize the hiring of work with AI.
Artificial intelligence has been a topic of conversation for many reasons, with the notion that it will change the future of work. However, AI has already set the wave of innovation in motion. AI is inhibiting almost every industry today, bringing in endless growth possibilities. AI implementation is improving the way we work in so many ways. According to a McKinsey report, by 2030, artificial intelligence will boost the global economic output by 16%. Also, by 2025, almost 95% of consumer interactions will happen through channels supported by AI.
As the Chief Tech Architect of FlexC, I work on artificial intelligence and machine learning everyday. I also work closely with various HR professionals to understand their requirements and the challenges they face while hiring talent in a volatile market. What HR professionals need is a customisable solution that reduces human efforts and solves their core problems effortlessly. AI can solve most of these concerns. Organisations can effectively install AI in their complete employment cycle. The two best areas AI can work with are increasing efficiency and eliminating human bias. HR managers can use AI for candidate matching, automating communications, and more.
On average, HR professionals lose 14 hours weekly to manual tasks such as primary matching and screening of resumes that AI can easily handle. While it is almost impossible for recruiters to gather data about each candidate in a short period, AI can do that in minutes. AI can scan every applicant's social media profiles and resumes to collect metadata related to their previous employers, social media activities, previous roles etc. Based on this data, AI prepares a matching score for managers to understand the candidate's personality.
Apart from screening, AI also facilitates managers in scheduling and assessing interviews. With Artificial intelligence, companies can effectively integrate new interviewing methods into their hiring process. For example, conducting offline video interviews can become better with AI implementation. Based on shortlisted profiles, AI suggests relevant questions for better assessment. AI can also gauge pre-recorded offline video interviews to check candidate's soft skills and score accordingly. It can reduce the management's effort by 50%. It especially comes in handy when soft skills are a prerequisite for hiring.
I believe AI can help solve the scalability issues for organisations that wish to grow multi fold and cut costs simultaneously. More efficient AI means better productivity. Organisations can decrease human errors by delegating several functions to AI permanently.
AI can be used to improvise the hiring experience, something that we ensure working on every new feature at FlexC. Our team constantly customises our AI, pushing it further to deliver high-quality recommendations. With FlexC's AI-powered tool, many HR officials and recruiters create more strategic processes and close vacancies faster.
AI can have a lasting impact on business operations. Two out of every three HR managers agree that the sector is undergoing a rapid digital transformation. However, only 40% of the leaders have chalked out a proper plan for AI implementation . How and to what extent the rest 60% of leaders plan to enter this new phase is yet to be seen.