Artificial intelligence (AI) has been transformational in many areas of business and industry, particularly when harnessing AI sourcing within the recruitment sector. Top hirers utilise AI software to speed up and automate processes, and also to make recruitment performance and profitability more assured.
Although AI sourcing may seem inaccessible, impersonal and technical, our comprehensive guide will help you to understand what AI sourcing is, how to harness and strategise with it and the benefits it can bring to your business.
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What is AI sourcing?
AI sourcing is a recruitment solution powered by AI, which helps alleviate manual candidate sourcing. It is a time-saving resource that benefits recruiters by automating the end-to-end recruitment journey. For example, AI sourcing bypasses the repetitive, time-consuming nature of Boolean searches by rapidly analysing job titles, candidate resumes, job skills, and metrics such as time-to-hire and cost-to-hire.
Why is AI sourcing important today?
The primary advantage of AI talent sourcing is business efficiency and faster, lower-cost operations. Freeing up time that is usually spent manually searching for talent allows you to be more responsive and flexible to your clients – a valuable competitive advantage.
According to a Forbes news article, many large tech companies have implemented AI sourcing in their recruitment journey, including Amazon and Eightfold. According to these companies, utilising AI sourcing has given them access to a wider talent pool in a shorter period of time. Consequently, this means saving both time and money spent manually trawling resumes for potential employees.
The benefits of AI sourcing for recruiters
Leveraging the power of AI sourcing is not just about filling posts quickly, as the best AI candidate sourcing tools also enable you to find the perfect match more assuredly. Being able to trawl further – and pick up high-calibre candidates consistently – is fundamental to success in the competitive world of hiring. Let’s explore more benefits below.
Enhanced efficiency and accuracy
AI sourcing enables you to create an accurate and insightful set of candidate criteria – benchmarks that are automatically assessed against the sort of information people post online. Initial contact can also be automated, with approach emails and AI-driven screening systems for recruiters.
Cost savings
The cost-saving benefits of AI sourcing mean that you can spend more time on urgent client requests while AI trawls through applicant resumes. This way, your clients get a more personalised service and a more assured candidate cohort, thus creating long-lasting client relationships.
Improved candidate experience
AI candidate sourcing will also improve your relationship with your talent pool, and your interactions with applicants. Using AI is a far quicker way to connect with candidates, and they will benefit from how responsive, efficient and streamlined you are as a recruiter.
Easier access to passive candidates
AI can now be used to source candidates not only quickly but also in greater numbers. Drawing your recruitment talent pool only from active job seekers is far from satisfactory if you want to remain competitive.
As already mentioned, AI tools for candidate sourcing can scan for data that guides you to attractive applicants from across the internet. The ideal person for the post may be someone who wasn’t even currently considering a job move.
Best practices to follow in AI candidate sourcing
The value of AI sourcing is its ability to identify, screen and engage candidates, but only if you have your recruitment software configured to meet your specific business operations and aims.
Here are some tips on optimising AI candidate sourcing tools.
Defining clear objectives
AI sourcing is only as good as its programming, and its ability to respond to the changing needs of your business. You must be confident in choosing a recruitment AI solution that meets your clearly defined commercial requirements, and the perimeters of your job posts.
Ensuring data quality
Sourcing the best AI driven candidate sourcing tool is step one; step two is feeding that software with data that is appropriate, accurate and up to date.
Using a leading ATS and CRM system can ensure that your data is of sufficient quality to gain maximum value from AI sourcing.
Adhering to a robust AI policy
Creating an AI policy for your recruitment operations means that you have a framework that ensures consistency and compliance in candidate sourcing. This can help you and your whole team understand and adhere to ethical and operational boundaries when using it.
Staying compliant with regulations
There is a complex legal and regulatory landscape for AI, and your governance of its use must include staying compliant by practising data protection and privacy, and keeping in line with industry-specific guidelines for the use of AI.
How to find the right AI sourcing tool for your business
The key to finding a supplier of AI candidate sourcing tools is to ensure that they have a substantial track record for data-driven solutions. You must also check that the provided software can be easily integrated into your recruitment process so the implementation of AI candidate sourcing software is as smooth as possible.
It is worth investing time into researching and trialling potential AI sourcing tools, so you know you are purchasing reliable software from a reputable provider.
Discover the best AI automation tool in the industry
Understanding the importance of time-saving and efficiency is fundamental to a booming recruitment business. Vincere’s easy-to-integrate AI sourcing tool offers rapid automation without sacrificing the quality of your service, or undermining the warmth of your client-candidate relationships.
There are many rudimentary candidate sourcing software on the market, but Vincere’s Automate tool is well-rounded and can be easily integrated into your recruitment business. Contact Vincere to request a demo or discuss how AI sourcing can benefit your business.
