The New Era of Talent Acquisition

Artificial intelligence and big data have become more essential for recruitment. Companies are now innovating with technologies to enhance their recruitment process. Here we discuss the reasons why you should adopt the new technology for your HRM.

Big Data

Big data recruiting allows you to find the right candidates for the position in a faster and more cost-effective way compared to traditional recruitment. Using big data to analyse candidates can release the time for HR managers to perform other tasks, such as onboard training and employee evaluation.

 

Big data is a large amount of structured and unstructured information that can be used to facilitate decision-making. The advantages of big data are evident for large corporations, which frequently receive thousands of applicants every single day. Big data may serve as a tool that helps HR managers in talent acquisition.

 

HR managers are humans, and humans will make mistakes. But the result of hiring the wrong candidate for the job is costly. Big data can increase accuracy when hiring talent by filtering out those that are not qualified for the job using rules determined either by the HR team or by machine learning, which provides a sustainable and expandable solution for talent acquisition.

 

AI

AI has been increasingly used in different stages of HRM, with talent acquisition being one of AI’s major functions. The COVID-19 has changed the way of recruitment from face-to-face interviews to virtual interviews. Big corporations such as Pfizer have started to use interview software like HireVue to conduct interview screening.

 

These interview software utilise AI to analyse the performance of interviewees by their dialogue, facial expression, and gesture to evaluate the competitiveness, personality and ability and use machine learning to improve the accuracy of identifying suitable talent.

The AI allows the interview to be fairer without bias of the recruiter's personal preference and facilitates decision making.

 

We believe AI will become more prevalent in HRM. The combination of AI analysis and the experience of recruiters will make talent acquisition better in the future.

 

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Created/Updated
2021/09/07

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