The Role Of AI In Scaling Startups: Streamlining Recruitment Processes

Recruitment of new staff or employees into an organization is a fundamental thing that any entrepreneur must know. With changing times and technologies, not only have the candidates become more competent, but also how to recruit them.

Gone are the days of manually screening resumes, taking physical interviews, and maintaining Excel sheets during recruitment because artificial intelligence (AI) has paved its way into recruitment processes.

Nowadays, AI plays a massive role in scaling startups and streamlining the efficient recruitment process.
This article will help you know different manners in which AI is helping startups manage their recruitment drives.

The Use of AI In Startups

Artificial Intelligence is here to stay for an extended period and keeps evolving as the human race evolves with time. Thus, its use will become more prominent in the future. However, startups have already started harnessing the power of AI in multiple ways.

• AI helps startups save a lot of bucks by automating specific tasks that don't require much human interference.

• With the effective use of AI, startups can boost their marketing and sales strategies and make the best return on investment using accurate and real-time data.

• AI is entirely data-driven. Thus, AI models' output is entirely authentic without any human bias. It helps startups know the customers better and communicate better with them, which helps increase the customer base.

• Using AI, startups are witnessing increased employee productivity because some of the regular work has been automated, reducing employee stress and helping them work smarter and more efficiently.

• AI has crept its way into the recruitment system. With an n number of AI tools and recruitment as a service model available, recruitment inside startups has become hassle-free and less time-consuming.

5 Ways By Which AI Is Helping Startups In Recruitment

Recruitment is one of the essential factors when operating a startup. Although the use of AI has started recently in the case of recruitment, it is gaining ground relatively fast. Here are the five ways in which AI is helping startups scale their recruitment processes.

1. Removing Recruitment Bias

Recruitment bias is discriminatory behavior towards a group of candidates and discriminating against others during a recruitment drive. It mainly happens during the interview rounds.
As a result of human bias, many deserving candidates don't get a chance to join the company they want or get the salary package they deserve, which in turn demotivates deserving candidates.

To remove human bias when recruiting, many interview software has now come up with built-in or AI-powered questions, which are the same for all candidates. The AI software checks the interview and gives the candidates marks accordingly with the help of data provided in the system. Thus, there remains no place for human intervention. After the AI submits the report to the HR department, the managers can check the answer and see the deserving candidates.

2. Get Hold Of The Right Candidates

Every organization knows how difficult it is to sort resumes because the number is overwhelming. When sorting these resumes manually, human errors often occur, and the organization misses out on recruiting deserving candidates for the job role.

This is where AI helps sort things out. Using pre-defined data sets, AI systems can automate the process of filtering resumes based on years of experience, qualifications, and several other parameters set by the recruiting department. It removes technical human errors and human bias and provides the organization with a list of well-qualified candidates.

3. AI Candidate Screening And Testing

During the period when COVID-19 was ravaging the world, the recruitment processes underwent various changes. Processes that used to be majorly offline turned online, like interviews and skill assessment tests.

Taking advantage of the situation, various software companies dealing with AI came up with online test platforms that helped companies save time by checking the technical soundness and abilities of the candidates. It also acted as a screening mechanism for the best and most deserving candidates, without human intervention and purely based on marks.

Thus, AI has made massive progress in screening suitable candidates and selecting them for the best possible job role according to their skill sets and technical abilities.

4. Reduced Time In Hiring

The best reasons to use AI are its speed and ability to automate things. It not only helps companies save costs of operation and employee salary costs but also helps reduce the timelines of doing tasks significantly.

Not only are their tools available for efficient and fast recruitment, but also companies are providing personalized services in the form of the interview as a Service (IaaS), recruitment as a Service (RaaS), online test platforms, etc.

These companies take the responsibility of recruiting candidates from the shoulders of the other company and provide them with the best possible candidates first for the role. Thus, startups with ample funding can also take note of these companies.

However, most startups have their own HR departments that choose AI tools to recruit candidates faster and save money from outsourcing the process. It depends on whether the startup can fund the outsourcing process or not.

"From predictive maintenance to autonomous robotics, AI is transforming the way industries operate, opening new levels of innovation and unprecedented growth opportunities. As a contributor to this exciting era, I firmly believe that AI will continue to reshape industrial automation." - Waman Sanap (CEO of iPAC Automation, an industrial automation engineering company)

5. Efficient Resource Spending

All the above points show that startups can enjoy and manage all their critical resources, including time, workload, and workforce. Thus, using AI in recruitment will help organizations devote their valuable time to more important things and deal with critical and complex situations with a free mind.

In addition, increased efficiency in resource spending will also allow better diversification of work among the employees that benefits them and brings the best out of them through excellent automation and providing a better work-life balance with decreased stress.

Final Words

Lastly, it can be inferred from the above points that AI and its applications have been a boon for startups and other organizations. It not only helps startups automate and simplify hiring but also helps them with multiple other tasks.

Thus, startups shouldn't shy away from using AI tools in hiring but embrace them to make their work more accessible and less time-consuming, providing them the power to invest their time in other essential things.