According to Josh Bersin, artificial intelligence (AI) is one of the fastest growing areas of recruiting.
Check out 12 revealing stats on how recruiters feel about AI in our new infographic below.
What is artificial intelligence?
Artificial intelligence are abilities such as learning, perception, and problem-solving exhibited by machines.
Examples of AI in our daily lives
- Voice-enabled chat, search, and personal assistance: Siri, Alexa, Google Home, Cortana
- Machine learning-powered pattern matching: Netflix, Amazon, Spotify
- Chatbots: online customer support, Slack bots, Facebook bots
What is artificial intelligence for recruiting?
AI for recruiting an emerging category of HR tech that’s designed to automate or streamline some part of the recruiting workflow, especially repetitive, high-volume tasks.
Examples of AI for recruiting
- Voice-enabled chat, search, and personal assistance: none as of yet
- Machine learning-powered pattern matching: sourcing, resume screening, ATS mining, video interviewing
- Chatbots: candidate outreach, interview scheduling
Stat #1: AI will greatly enhance talent acquisition and retention
- 96% of senior HR professionals believe AI has the potential to greatly enhance talent acquisition and retention
Stat #2: AI is already becoming a regular part of HR
- 13% of HR managers already see evidence of AI becoming a regular part of HR
Stat #3: AI will become a regular part of HR within 5 years
- 55% of HR managers see evidence of AI becoming a regular part of HR within the next five years
Stat #4: Automation can save HR 14 hours a week
- 14 hours a week is the average amount of time HR managers say they lose to manually completing tasks that could be automated
- 28% spend 20 hours or more
- 11% spend 30 hours or more
Stat #5: AI can fully automate sourcing and matching
- 100% of candidate sourcing and matching can be automated
Stat #6: AI can only automate a fraction of recruiting managing tasks
- 20% of managing-related recruiting tasks can be automated (e.g., selling the company and the role to candidates, assist in negotiation between the hiring manager and final candidates)
Stat #7: A lack of automation is lowering productivity
- 41% of HR managers say not fully automating manual processes has led to lower productivity
Stat #8: A lack of automation is costing money
- 35% of HR managers say not fully automating manual processes has led to higher costs
Stat #9: A lack of automation is hurting candidate experience
- 17% of HR managers say not fully automating manual processes has led to a poor candidate experience
Stat #10: AI is not a threat to HR
- 65% of HR managers say the thought of AI in HR does not make them nervous
Stat #11: AI will “humanize” HR
- 33% of employers expect to do “more human tasks” augmented by AI
Stat #12: AI will not replace HR
- 7% of HR managers say they think a robot could do their job