Recruiting process came a long way from the days of paper resume. Online career sites are now basics in talent acquisition, but artificial intelligence (AI) and machine learning are rising in the environment of recruitment and hiring. AI’s strength lies in its ability to process high data volumes at fast speeds, improving organizations’ performance and productivity. It is also possible to add the same features and advantages to the recruiting process. Skillate is one of the AI-based platforms that helps to optimize the entire recruitment value chain, starting from work requisition generation, to resume matching, to applicant interaction.
The AI-based start-up aims to change the emphasis from how’ to ‘who’ of recruitment teams, i.e., process automation to employee suggestion. Global expansion is also an aim for AI based start-ups and will also concentrate on making the product multi-lingual and more flexible to accommodate many more volumes and work on a larger scale. For example. Skillate’s products includes:
- Automated resume parsing
- Job v/s resume matching
- Job Description Assistant
Through these solutions, Skillate helps in Intelligent Hiring, People Analytics and Diversity and Inclusion.
Based on the Gartner 2019 Artificial Intelligence Survey, 17% of companies are using AI-based solutions in their HR operations, and another 30% will do so in 2022. AI-based technologies allow HR services to be quicker, easier to use and help HR functions create new customization strategies to engage the technology-enabled workforce and can improve employee efficiency. Day after day, AI solutions are evolving and improving and businesses continue to explore possible AI deployments across a wide range of HR operations, including workforce planning, learning and development, skills management and performance management. In the end, successful adoption of AI involves a common ambition and vision for what this innovation means to HR and the organization.
Despite the prevalence and effectiveness of AI technology in procurement, technology will not substitute recruiting professionals and these implementations do not mean that the mechanism and technology would eliminate humans. AI is intended to speed up manual tasks that involve a lot of time for recruiters and hiring managers, such as searching through thousands of applications. The technology is designed to provide more time for human professionals to do more important work.
