Hiring in this day and age is an overwhelming challenge. It gets more complicated when you have to hire in high volumes but with the same leaner teams and budgets. Recruiting is both time-consuming and a tricky job for recruiters indeed.
This is where artificial intelligence comes to the rescue. AI can streamline and speed up the recruiting process by automating manual tasks. Thus AI in recruiting increases productivity when bulk-hiring and enhances the hiring experience for both candidates and recruiters.
Before we get into how to use AI for high-volume recruiting, let’s see some common challenges that recruiters face.
Challenges of Bulk Recruiting
Bulk recruitment is no easy feat, even for the most experienced recruiters and hiring managers. It is because bulk-hiring involves building the right recruiting strategy while ensuring a great candidate experience for a large pool of candidates.
Time Restrictions
As per a survey, 52% of talent acquisition leaders say that the most difficult part of their job is screening the right candidates from a large applicant pool. Candidate screening is not only the toughest task but the most time-consuming task.
The average job opening receives roughly 250 applications. Whereas the average time to fill a position is 39 days, and the major fact one should consider is the top talent exists in the market for just ten days. Thus hiring in high volume, say, 40 or 50 positions, takes huge time as each candidate has to go through screening, pre-assessments, interviews, etc. Hence it is impractical to hire in bulk in a given time with traditional recruitment practices.
Team Size
Finding the right fits for the job roles is a significant task that highly impacts the company’s success. Hiring a large number of candidates means the recruiters have to interact with each candidate to understand them and explain the position. With the same small HR team, it is next to impossible to hire in bulk.
Poor Candidate Management or Poor Tracking
It is easy to organize and track a single or couple of candidates in the recruitment process. But when it comes to hundreds of people, candidate management and tracking become hard. With multiple tasks on the table of your HR team, they are likely to miss out on the right fit and candidate experience.
Huge costs
The recruitment process not only costs a massive amount of time but money. When you are hiring in bulk, the costs grow up. According to SHRM, the average cost per hire is $4000. The cost per hire is more than the salary you’re offering. In bulk recruitment, advertising jobs on various job boards, screening, assessing, and interviewing elevate the budget.
Candidate Experience
69% of candidates with a negative experience won’t apply for the same employer again. Candidate experience is a crucial factor for long-term recruitment and company growth. When hiring in volume, the candidate experience may get ruined as it is difficult to communicate with each candidate throughout the hiring process.
How to Use AI for High Volume Hiring?
Candidate Sourcing
Artificial Intelligence for recruiting allows hiring managers to hire more efficiently, accurately, and quickly. When filling one position, it is easy to vet multiple resumes to find the right match. However, this approach doesn’t work without AI by your side when hiring in volume.
AI recruitment tools can help you source any number of candidates from various job boards and speed up hiring right from the first stage of the recruitment process.
Applicant Screening
AI allows recruiters to take advantage of an Applicant Tracking System throughout the recruitment process. Right from job management to candidate engagement during the application process, AI makes it smoother and faster for recruiters and candidates.
Interview Scheduling
Scheduling interviews is the other most overwhelming task in the hiring process. It becomes more hectic when you have to reschedule the interviews or remind candidates about it before a day. AI automates the task and lets you schedule interviews with ease. All you have to find is the right software that helps you pick up the speed. Mass mailing is one such tool.
Mass Mailing
An ATS comes with a well-designed mass mailing software effortlessly helps recruiters send customized emails in bulk. It accelerates hiring and bolsters candidate experience by assisting recruiters in keeping them posted about candidates’ interview status.
Analytics
Recruitment analytics helps the hiring managers to make the right and confident hiring decision rather than going after their intuition and hoping for the best. When using AI for mass hiring, recruitment analytics helps you gain deep insights into your recruitment needs, determine your actions and enable you to make well-informed decisions when hiring. This further helps in hiring the perfect candidates and boosts diversity in the company.
AI – The Present and Future of Bulk Recruitment
Many large companies across the globe use AI and ATS to overcome the challenges of bulk-hiring. While time-to-hire and cost-per-hire are two major factors that affect the quality of hires, every company must leverage AI and automate most of the manual tasks.
AI offers endless possibilities to improve the recruitment process and manage jobs accurately by automating time-consuming and repetitive tasks. Most importantly, AI helps your recruiting teams focus more on networking with people and boosting your employer’s brand, making future hiring easier.
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