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5 Ways AI is redefining Human Capital Search

Author: Social Media/Monday, June 20, 2022/Categories: Blogs

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You must have heard the adage, ‘Predicting the future is no longer magic, it is Artificial Intelligence (AI).’ AI technology will play a crucial role in human capital search, and it will redefine sourcing and hiring, thus making them more effective and efficient. However, let us park our thoughts, and before we deep dive into how AI can help in human capital services let us understand what is meant by AI. In simple words, it is a software/program/algorithm that can mimic human cognitive intelligence. AI encompasses multiple technological innovations like machine learning (ML), computer vision (CV), natural language processing (NLP), and likewise. There is no doubt that artificial intelligence (AI) is revolutionizing the way we live and work. From self-driving cars to predictive analytics, AI is providing us with new ways to make our lives easier, safer and more efficient.

Now, AI is also starting to transform the way we search for and select talent. Just as AI is being used to match job seekers with open positions, it is also being used to identify the most qualified candidates for specific roles.

Here's how AI is helping in the human capital search process –

Prepare the hiring funnel with a steady candidate pool

AI can start even before you reach out to prospective candidates. With the help of algorithms, you can eliminate biases, unnecessary jargon, and sensitive terms from your job posting, making them more suitable for a wide pool of candidates. At the same time, think about those who may not be seeking jobs actively, yet have tremendous talent that can benefit you. AI is your answer to reach out to this passive pool of candidates and widen your hiring funnel.

Screen resume in a short span of time

Resume screening can be a taxing and time-consuming process when done manually. However, when done via AI it can not only complete it in a shorter period of time but also eliminate any kind of errors that might have been present due to the human aspect. AI can screen resumes based on word search, skill match, and even match them with the present set of employees to make the profiles more closely aligned with the work and culture of your organization.

Conduct interviews

The next step in the human capital search services where AI adds value is in conducting interviews. AI can conduct online interviews and evaluate a candidate based on their responses and facial expressions. You can leverage AI for initial rounds of interviews. It would save time and effort and give every candidate a consistent experience irrespective of their sex, religion, region, background, or ethnicity.

Help onboard new joiners

Nothing better than your friend AI helping your new hires during their initial days. It can start from what documents to carry, and what trainings to be completed to regular processes, like how to fill the timesheet or how to claim for reimbursements. It would not only make life easy for new hires but also reduce a lot of administrative burdens from the HR team.

Efficient workforce management

Finally, AI can also help you allocate your resources in the best possible manner. Based on historical records, skill sets of employees, and an estimate of the future demands, AI will devise the best possible staffing or resource allocation. This will help you enhance employee productivity thus achieving better results with workforce management.

AI is that friend who is a jack of all trades, a master of all. Like human capital search, it is transforming other areas in the world of business. Embrace this new buddy and allow it to make lives easier for you!

At The Taplow Group we not only help you source the best-fit for your organization’s leadership through our executive search consultants but also train and develop them to hone their skills. To know more about our human capital search services like leadership coaching, human capital development, leadership hiring, management consulting, reach out to us at www.taplowgroup.com

This article is an intellectual property of The Taplow Group. You can reproduce it wholly or partly only by giving due credit to us.

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