Traditional recruiting is painful; it involves manually screening resumes, interviewing unqualified candidates, and slow response rates. We'll show you how AI in recruitment can supercharge your hiring process with benefits that help you level up.

What is the function of AI in recruitment?

AI in recruitment means using AI to streamline your hiring process. You can depend on intelligent systems to help source, screen, and onboard the best candidates for your available roles. micro1 partners have been able to use the micro1 AI recruiter to automatically vet global candidates and hire top 1% talent.

But before you panic, AI in recruitment is not here to replace jobs. The human element remains at the center of the candidate selection and hiring process. Recruiters can focus more on things like talent acquisition strategy and making the final call on more complex decisions, like cultural fit and soft skills. At the end of the day, companies big and small can take advantage of AI to improve their recruitment process.

The importance of AI in recruitment

We wouldn't be talking about AI in recruitment if it didn't benefit your hiring process. AI is already playing an essential role in the world of recruiting, from creating a better candidate experience to finding the ideal prospects with greater efficiency and speed. Let's see how these benefits can improve the hiring process.

Increase hiring speed

Overall efficiency and speed are super important parts of the hiring process — if your recruitment strategy is dragging, you'll only bring up the dredges of the job candidate sea. AI can boost your overall efficiency by automating manual or repetitive tasks, like resume screening. Allow AI to screen candidates for you or just show you the top options.

AI recruitment companies like micro1 offer AI Recruiter solutions to help you interview 100x more candidates on autopilot. On average, human recruiters spend $40 per interview. AI can accomplish the same tasks for only $6 per interview, a whopping 85% reduction in recruitment costs. AI interviews can include everything from standard questions to skill-specific exercises and soft skill assessments, which is ideal when sourcing and hiring remote engineers.

Forge better candidate experiences

AI creates a better experience for recruiters and candidates. Have you ever been ghosted by a company after an interview? AI can help personalize communication with candidates for a more enjoyable hiring process based on their qualifications.

AI's streamlining and efficiency mean candidates won't be left out in the cold waiting to hear back or, worse, choose to go with another company because a response was too delayed. Deliver a solid first impression, respond to candidates on time, and act faster in a competitive marketplace to seal the deal with the candidates you want to hire.

Get data-driven insights

Your company can make more informed decisions using data-driven insights provided by AI. Looking ahead with predictive analytics can help you spot future hiring gaps and identify top talent. It's a great way to stay on top of hiring trends and adjust your strategy accordingly.

AI in recruitment can also help track metrics that show the efficiency of your hiring process. Such vital metrics can include time-to-hire, cost-per-hire, and overall candidate satisfaction. Get an eagle-eye view of your hiring process and keep it on track.

Lower your hiring costs

You want to hire the best possible candidates, but at the end of the day, you have to follow a budget. One of the best things about AI is that it can reduce hiring costs. With the ability to perform automated tasks at high speeds, AI-powered tools help drive the hiring process, reducing your company's time-to-hire. This overall time-consumption reduction results in more money saved and less time spent with open positions.

The future of AI in recruitment

AI in recruitment is a powerful force that’s already pushing businesses ahead. Whether your company feels its hiring practices are solid or need a revamp, investing in AI tools will feel like hitting the hyperspeed button. For businesses looking to hire, you'll be able to create better candidate experiences, increase efficiency, and reduce your budget — all at the same time.

And don’t worry — human recruiters aren’t going anywhere. Remember that you’re hiring humans, and humans are the best at hiring others. AI recruitment services and software are definitely powerful tools, but recruiters still make the final call, assessing things like a candidate's cultural fit and soft skills.

According to Workable’s AI in Hiring Survey, 44.2% of individuals have reported that they have already seen a significant acceleration in the hiring process due to AI. A LinkedIn report shows that 72% of recruiters have found AI helpful for candidate sourcing. So, the question remains: Have you taken advantage of AI in recruiting in your workplace?

AI in recruitment use cases

Learning how to use AI in the recruitment process is the first step toward efficiency. Here are a few ways you can use AI in the recruitment process to create a better experience for both your organization and potential candidates:

• Candidate screening: AI tools can help with candidate screening and resume review processes using intelligent parsing tools. Eliminate the time it takes for your organization to sift through and screen initial applicants using automatic AI-powered tools.
• Candidate interviewing: The most powerful aspect of an AI recruiting system is its ability to interact directly with and interview candidates. Engineers like those at micro1 have built an AI Recruiter that can interview potential candidates through a natural video call, providing skill-specific exercises as needed. And you’ll get a full AI report with a recording to boot.
• Candidate sourcing: AI can help organizations source candidates that closely match their needs. Tools like micro1 offer pre-vetted global talent pools that allow recruiters to hire at half the cost. micro1 interviews over 30K applications a month, following up with soft skill and human technical interviews to deliver the top 1% of candidates.

More example of AI in recruitment

It can be hard to wrap your head around how AI fits into the recruiting process. Here are two detailed examples of how AI can help companies by providing pre-vetted talent pools and interviewing and directly assessing potential candidates. Both examples are based on real experiences clients have had with micro1.

Example #1: Hiring talent pre-vetted by AI offerings

AI can pre-vet candidates, reducing your time sourcing potential new hires. DocDraft learned how beneficial the process is when they hired four engineers in only two weeks. Within 24 hours of discussing their requirements, micro1 sent them nine AI-sourced profiles, saving them $140K a year on salaries. 

By improving their engineering interview process, DocDraft now has four solid engineers and, as founder Taher Hassonjee says, a new secret weapon: "micro1 has been a secret weapon for us in scaling our business. I almost want to leave a bad review to keep others away so that we can keep scourging the talent pool with limited competition."

Example #2: Interviewing talent with AI solutions

Letting an AI Recruiter take the wheel in your hiring process is another way to integrate AI into your recruitment process. Deel, a global payroll platform, faced challenges in its recruitment process and turned to micro1 for our AI Recruiter solution. 

They hired 30+ customer support reps in a single month while saving 85% on recruitment costs. Have a deeper look at what Deel's Head of Talent, Alan Price, had to say about the company's experience with micro1.

Harness the efficiency of AI in recruitment with micro1

Stop throwing money into the fire with your recruitment process. Using AI in recruitment strategies, your team can hire top talent while reducing expenses and increasing efficiency and experience. Book a demo with micro1 and see how your team can use today's best AI agent for hiring.