The COVID-19 pandemic has impacted the recruitment process for many industries, with many companies opting out of the conventional hiring drives and practices. With stress on virtual recruitment, several companies are transforming their recruitment process by adopting AI-based hiring tools.
AI-based hiring tools for resume sourcing, online exams, and video interviews
With these tools, a large candidate database can be accessed in a fraction of time, drawing candidates from a wider and more diverse talent pool. The AI-powered platforms are assisting companies in matching candidates with roles as the algorithm sifts through hundreds of resumes, and scores them based on least to most qualified. In some cases, it may also identify a candidate suited to a role that he is not applied for but the position is open.
With an emphasis on virtual engagement, the online remote exam also can be conducted by AI assistance, that prevents cheating and recognizes the candidate’s identity, without the presence of physical presence. This can be done by using facial recognition technology, and sound detection methods.
The adoption of artificial intelligence has also benefitted in video interviews and discussions. It offers objective insights into the soft skills of the candidates like their creative and critical thinking capabilities.
Harqen’s machine learning platform – An AI-based hiring tool
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A US company Harqen has been offering its AI-assisted hiring technologies to some of the world’s leading companies like Walmart, FedEx, and American Airlines. It uses the Harqen Machine Learning Platform to analyze candidate’s answers to interview questions, assessing the type of words and language used in their responses.
With this analysis, it can then put together a profile of psychological traits that helps determine a candidate’s suitability for the role. Also, with a prior resume analysis of whether the candidate’s professional and educational background fits the job requirement, it helps identify the right fit.
Harqen’s OCEAN model for personality analysis
As per their Chief Technology Officer Mark Unak, the platform’s linguistic analysis coupled with a personality analysis helps determine the candidate’s suitability to the role. The personality analysis is based on “five traits” called the OCEAN model (openness to experience, conscientiousness, extraversion, agreeableness, and neuroticism.
In one campaign for a large US diagnostic firm, Harqen’s algorithm had successfully predicted 2193 of the candidate applications that were accepted, and 1292 that were declined. Harqen had assessed around 3500 job applications for this campaign.
AI, the new way of remote hiring
The coronavirus pandemic has forced all businesses to look at innovative ways for recruitment with remote hiring offering many benefits to the companies. With AI-assisted hiring, companies can gain more objective insights into the candidate while cutting down travel and logistics arrangement costs that come with the physical process of hiring.