Improving time-to-hire and reducing the cost of hiring for Global Technology Consulting Leader
by Recruitment Smart Sniper AIThe Global Technology Consulting Leader
offers technological consultations and solutions to the leading firms. The
company believed traditional recruitment practices were limiting the range of
professionals they wanted to hire. They were getting a huge chunk of
applications out of which very few were making it to the interview round. It
meant wasting a lot of time and resources in finding the right employee. Global
Technology Consulting Leader wanted rationalisation of the screening/sourcing
time and automation of recruitment to improve time-to-hire and reduce the cost
of hiring. The company wanted a more efficient and targeted approach that can
help them select candidates based on merit and hire the most eligible.
The AI-driven intervention
for Automating Blind Hiring
Understanding the criticality of the
client’s requirement for automated, targeted, and bias-free hiring, Recruitment
Smart offered its flagship product, Sniper AI, configured and customised to the
client’s need. Professionals from Recruitment Smart had multiple one-on-one
sessions with managers at the Global Technology Consulting firm to understand
their requirements. As Sniper AI already has had partnerships with all leading Applicant Tracking Systems (ATS), it integrated
seamlessly with the client’s existing Systems, IBM Kenexa.
Sniper AI introduced the automated hiring
approach to the client’s otherwise traditional recruitment process. Inputs
taken from the client’s discussion were fed into the Sniper AI program. The
robust search system of Sniper AI, using the most advanced, efficiently
weighed, scored, and ranked unique attributes of the applicants. These
attributes were ranked based on, cognition, technical skills, etc., without
prejudice, thus promoting blind hiring. The proprietary machine learning (ML)
technology of Sniper AI provided itself with informed feedback with every
search. Hence, the platform could give more accurate results each time the
client used it.
Using Sniper AI, managers at Diversified
Financial Conglomerate could also evaluate work sample tests from multiple
applicants, calibrating their judgment to see how one candidate performs
compared to the other. It helped them gain critical insights into the
problem-solving skills of candidates across varying roles. As a result, the
platform pre-screened applicants without producing any false positives. The
best candidates with the highest score were displayed at the top, letting the
recruiters gather more information on every applicant, thereby evaluating
candidates more effectively. Hence, only skillful applicants exhibiting the
required expertise were hired, fulfilling the client’s requirement of niche
recruitment.
Chatbot for external candidates in the
pipeline
Recruitment Smart offered chatbot-enabled
Digital Assistance to streamline pre-screening and interview rounds for
selecting best-suited applicants. The conversational chatbot engaged with
external candidates in the pipeline and guided them to upload the CV and list
their attributes in the desired format. Candidates could chat with the
AI-chatbot from any channel with questions and replies customised as per the
business rule.
Results
Within a couple of months from when the
recruitment intervention was put in place, Recruitment Smart optimised the marketing
expenditure of the Global Technology Consulting Leader for hiring purposes. It
did so by integrating the client’s existing ATS with Sniper AI and
Chatbot-driven Digital Assistant, extending the System’s features, thus
streamlining the external channels.
Following are the results after using Sniper AI with comparison from the previous year’s outcome:
As indicated in the table above,
· • Pre-screening efficiency improved by 21.5%
· • There were 8,000 fewer candidates to select in the Tech Interview after screening only the most eligible ones.
· • The conversion ratio improved by about 2.5 times.
As the Chatbot and Sniper AI
conducted interviews and initial screening via completely automated
steps, both interventions enabled the client to
select candidates for certain roles according to merit without exhibiting any
prejudice. Bias-free blind hiring by
Sniper AI reduced gender biases at every step of the recruitment process, enhancing
diversity at the workplace. Further, the intervention reduced
the time-to-hire by 20%, saving countless working hours for the client
and enabling it to timely reach out to the right candidate.
The chatbot-enabled Digital Assistance
helped streamline the pre-screening. AI-driven Chatbot as Digital Assistant helped
the client review candidates in real-time while not spending its resources or
time and create an active pipeline of applicants (exhibiting those skills) to
hire when needed.
After the implementation, the
client saw a direct reduction in the cost of hiring by over 18%,
owing largely to the rediscovery of the ATS, thus optimising reliance on
external databases and sources. The screening/sourcing time was
improved by over 30%. The Recruitment Smart solutions have allowed over 100
recruiters for the client to hire over 1,000 employees on an annual basis
across the globe.
Delivering
Value
Since its launch, Recruitment
Smart has always aimed to bring disruptive technology to the recruitment
industry. We have been able to deliver three-fold ROI on an average to over 20
of our major clients in the first year of our service offerings. Additionally,
our AI-driven solutions have provided other intangible benefits such as
improving diversity, implementing and understanding nationality distributions,
bias reduction, and Talent Analytics.
Originally published at https://recruitmentsmart.com
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Created on Feb 11th 2022 03:22. Viewed 290 times.