AI HIRING FOR RECOLUTIONIZING THE HUMAN MANUAL HIRING.pptx
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Automated talent acquisition is becoming the future as it can help address problems recruiters face like long hiring timelines and low recruiter productivity. The traditional hiring process involves multiple sequential steps from candidate sourcing through onboarding. AI-based platforms can automate middle steps like resume screening, assessments, and video interviews to reduce time-to-hire by 55% and increase recruiter productivity by up to 40% by handling more of the repetitive tasks. This helps candidates as well by increasing test completion rates by 35% through a more efficient process.
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Things to Consider:
Limited customization: These platforms may offer less flexibility in design and functionality compared to custom-built solutions.
Scalability: As your audience grows, you might need to upgrade to a more robust platform or encounter limitations with the "quick launch" option.
Features: Carefully evaluate which features are included and if they meet your specific needs (e.g., live streaming, subscription options).
Examples of Services for Launching Streaming Platforms:
Muvi [muvi com]
Uscreen [usencreen tv]
Alternatives to Consider:
Existing Streaming platforms: Platforms like YouTube or Twitch might be suitable for basic streaming needs, though monetization options might be limited.
Custom Development: While more time-consuming, custom development offers the most control and flexibility for your platform.
Overall, launching a streaming platform in minutes might not be entirely realistic, but these services can significantly speed up the process compared to building from scratch. Carefully consider your needs and budget when choosing the best option for you.
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- 1. + + Automated Talent Acquisition is the Future ©Loop Reality Private Limited, 2021
- 2. Candidate Sourcing Resume Screening Assessment Interview - Job Portals - Referrals - Staffing Companies - Campus Placements - Education & Marks - Experience - Location - Custom filters - Aptitude & Cognition - Personality & Behaviour - English Language Ability - Functional & Technical - AI Video Interview - Zoom/ TeamsVideo Call - Physical Interview Employee Onboarding - HRMSTools - Internal Portals ©Loop Reality Private Limited, 2021 Steps For Hiring Multiple sub-steps for Hiring
- 3. The Problems Recruiters Face Hiring Velocity 30 to 45 Days TAT - Time to fill an open position 60% Candidates drop out due to lengthy hiring process Recruiter Productivity 250 Resumes A job opening attracts at least 20 hours/w eek Time spent by a recruiter in screening and shortlisting Unable to Predict 81% Recruiters find it challenging to hire talent with excellent soft skills 35% of New Hires Cite Company Culture as reason for leaving in the first 6 months ©Loop Reality Private Limited, 2021
- 4. Candidate Sourcing ©Loop Reality Private Limited, 2021 Employee Onboarding Check Eligibility & Collect Documents Assessment & Hiring Decision Video Recording & Interview Scheduling 2/3rd Fewer Interviews Up to 40% Increase in Productivity of Talent Teams 55% Reduction in Time-to-Hire 35% Increase in test completion rate Which leads to AI-based platforms can automate the middle steps to make Hiring faster
- 5. ©Loop Reality Private Limited, 2021