Trends in Talent Acquisition

Trends in Talent Acquisition

In today’s rapidly changing job market, companies are constantly looking for ways to attract and retain top talent. One of the key tools in this pursuit is talent acquisition software, which utilizes artificial intelligence to streamline and improve the recruitment process. As technology continues to advance, the use of AI in talent acquisition is becoming increasingly prevalent, offering numerous benefits for both employers and job seekers. In this post, we will explore some of the top trends in talent acquisition and how the use of AI is shaping the future of recruiting.

Thisway Hiring Process

What is Ethical AI and How Is It Used During the Recruitment Process?

Ethical AI refers to the responsible use of artificial intelligence in recruitment, ensuring fairness, transparency, and bias-free decision-making. During the recruitment process, ethical AI can be used in various ways. It can help eliminate biases that may exist in traditional screening methods by analyzing candidates solely based on their skills and qualifications, without any influence from gender, race, or other discriminatory factors. This allows for a more diverse and inclusive hiring process.

Applicant to match their skills

Ethical AI can assist in eliminating discriminatory language from job postings, ensuring that the language used is neutral and inclusive. By using natural language processing techniques, AI can detect and suggest alternative phrasing to avoid unintentional biases.

Ethical AI can also help automate the initial screening of resumes, allowing recruiters to save time and focus on more strategic tasks. AI-powered algorithms can efficiently scan resumes, identify qualified candidates, and match them with suitable job positions, enabling recruiters to quickly find the best talent. With ThisWay Global, you can reach out to potential employees before they submit their resumes, which shaves time off of the screening process.

What are Some Drawbacks of How Companies Traditionally Screen Candidates?

Companies often rely heavily on manual methods to review resumes and select candidates for interviews. This approach has several drawbacks that can hinder the efficiency and effectiveness of the recruitment process. Traditional screening methods are time-consuming. HR teams have to manually review each resume, searching for relevant qualifications and experience. This can lead to a significant delay in the hiring process, especially when dealing with a large number of applicants. It also leaves room for human error, as recruiters may overlook important details or make subjective judgments based on personal bias.

Traditional screening methods are prone to bias. Human recruiters may unconsciously favor candidates who come from similar backgrounds or have similar experiences, leading to a lack of diversity in the hiring process. This can result in a homogeneous workforce that lacks different perspectives and ideas.

Additionally, traditional screening methods may not accurately assess a candidate’s true potential. Resumes alone cannot provide a complete picture of a candidate’s abilities and suitability for a role. Companies may miss out on highly qualified individuals who may not have a conventional background but possess the necessary skills and potential for success. The traditional screening process can be time-consuming, biased, and limited in its ability to accurately assess candidates. This is where the use of AI-powered talent acquisition software can greatly improve the efficiency and fairness of the recruitment process.

Family Icon

How Does ThisWay Global Improve Their Talent Acquisition Process?

ThisWay Global takes a unique approach to talent acquisition by leveraging ethical AI to improve the recruitment process. The platform has four core features that help talent specialists during the screening process. 

Attract allows employers to upload their job postings directly to the platform. The platform then uses its ethical AI algorithms to share the posting with candidates who possess the necessary skills and qualifications. This targeted approach ensures that the right candidates are reached and reduces the time spent sifting through irrelevant resumes. Discover, provides recruiters with access to a network of potential applicants within ThisWay Global’s system. This allows recruiters to explore a pool of qualified candidates quickly and efficiently.

For organizations that want to tap into their existing talent pool, ThisWay Global offers the Reveal feature. This integration with a company’s applicant tracking system allows recruiters to search for past applicants who may be a good fit for the current position. By reevaluating previous applicants, companies can potentially find highly qualified candidates without going through the entire hiring process again.

Score allows companies to upload a job posting and candidate data to find the ideal list of candidates. This eliminates the need for an applicant tracking system and provides recruiters with a curated list of potential hires.

Clearance Icon

What Are Some Other Trends In Talent Acquisition?

As technology continues to advance, several other trends are emerging in talent acquisition. One of these trends is the increased use of predictive analytics in recruitment. By analyzing large amounts of data, AI-powered algorithms can predict a candidate’s likelihood of success in a specific role, helping companies make more informed hiring decisions.

Another trend is the growing popularity of video interviewing. With the rise of remote work and the need for efficient hiring processes, video interviews have become a valuable tool for assessing candidates. AI can be used to analyze facial expressions, body language, and speech patterns, providing insights into a candidate’s personality and communication skills.

Additionally, chatbots are becoming increasingly common in the recruitment process. These AI-powered virtual assistants can handle initial candidate screening, answer FAQs, and provide information about the company and job opportunities. Chatbots not only save time for recruiters but also offer a personalized and interactive experience for candidates.

How Is AI Changing the Talent Acquisition Process For Companies?

77% of talent leaders say their talent acquisition strategies are more about total value creation for the company than about achieving cost savings, jumping 32 points in 2023 from just 45% the previous year, according to Smart Recruiters. Additionally, 87% of recruiting pros say talent acquisition has become a more strategic function over the past year. Ethical AI, part of the screening process, can help organizations find the right talent relatively quickly. 

One of the ways AI is changing the talent acquisition process for companies is by allowing for more efficient screening of resumes. AI-powered algorithms can quickly sift through hundreds or even thousands of resumes, analyzing keywords, work experience, and other factors to identify the most promising candidates. This saves recruiters a significant amount of time and allows them to focus on more high-value tasks, such as interviewing candidates and building relationships with potential hires. ThisWay takes it a step further by matching your job posting with the right candidates, whether they are part of your existing data or within ThisWay’s network of qualified talent.

If you are looking to adapt your company’s hiring strategy towards value and efficiency, book a demo with ThisWay Global today to learn more.