Recruiters and HR professionals can use various tools from the platforms to help them navigate this talent acquisition season.
2024 seems like a year of promise with revolutionary possibilities in a work environment that is always changing. In this context, India is a shining star: according to the most recent ManpowerGroup Employment Outlook Survey, 36% of businesses are preparing for hiring drives in April and June.
Technological developments are driving this trend, as more platforms use AI models to expedite the hiring process. The outcome?
Introducing platforms with generative AI, where necessity and innovation collide. Recruiters and HR professionals can use a variety of tools from the platforms to help them navigate this talent acquisition season.
We are fully aware that every company is different and has different hiring procedures. So, they are the newest options designed to ensure that everyone’s 2024 recruitment process runs smoothly.
Machine Hack Gen AI uses AI-driven solutions to optimize each step of the candidate screening process, revolutionizing recruitment procedures. Using cutting-edge algorithms, recruiters can precisely gauge a candidate’s suitability for high-demand positions.
The platform offers customized tests that come with necessary features like interactive previews and construction tools, guaranteeing thorough evaluations that meet industry standards.
Additionally, by emulating real-world coding circumstances, Machine Hack Gen AI prioritizes the success of candidates. Candidates may confidently present their skills thanks to user-friendly interfaces and necessary equipment like native whiteboards and built-in terminals. Recruiters can assess candidates’ flexibility and skill in real-world situations while also improving the candidate experience with this method.
By using AI-enhanced structured interviews, the platform also efficiently combats fraudulent activities while promoting transparency and honesty. Recruiters can evaluate prospects impartially and without prejudice by integrating new algorithms.
Oracle Recruiting, a component of the Oracle Cloud HCM suite, was introduced in 2018. With the addition of AI-driven features, recruiting teams can now quickly fill job vacancies and draw in top candidates. Oracle Cloud Infrastructure’s (OCI) generative AI services enable these functionalities to be effortlessly integrated into current HR procedures.
One notable example of success is Kotak Mahindra Bank, which makes use of Oracle Fusion HCM. The bank saw a 51% decrease in manual labor by utilizing OCI in conjunction with Fusion Cloud ERP and Fusion Cloud HCM, greatly increasing overall productivity.
The bank employs over 30,000 people, and it uses Oracle Taleo Cloud to manage them effectively. This helps with the shift to a mostly paperless HR system. In addition, the yearly performance review procedure has moved smoothly into a computerized format.
The bank is demonstrating its commitment to cutting-edge and efficient procedures by requiring the migration of all User Acceptance Testing instances to the public cloud as part of its cloud-driven evolution.
2009 saw the release of Zoho Recruit’s initial iteration. The most recent edition now provides AI-powered recruiting tools for astute hiring. In essence, it helps in locating exceptional potential and evaluating applicants’ behaviors. Employing AI-driven solutions helps businesses enhance hiring teams’ time management, minimize bias, and enhance the quality of hires.
Candidates can be chosen more quickly and accurately because of features like applicant matching, automatically generated job descriptions, and sourcing boosters. To assist you in standardizing and aligning the parsed resume structure with the format that is accepted by your company, Zoho also provides a resume parser mapping feature that is driven by AI and proprietary algorithms.
Additionally, Zia, the chatbot from Zoho Recruit, serves as your own AI assistant and works in tandem with the company’s career site to improve candidate communication and experience. It does this by keeping candidates informed about job openings and assisting them in tracking their applications.
Founded in 2004, HirePro is a Bengaluru-based company that specializes in recruiting automation and provides enterprise-grade software to expedite hiring procedures. They offer solutions for luring, vetting, evaluating, interviewing, and onboarding personnel by utilizing AI.
Additionally, they specialize in combating fraud in remote hiring. HirePro’s AI algorithms use Amazon Web Services (AWS) to identify fraudulent activity at different phases of the hiring process, guaranteeing secure procedures. By using AI to drive recruiting, employers have reportedly seen quicker hiring cycles, lower expenses, and better quality hires, all of which have boosted brand equity.
A game-changer for recruiters is GetWork.ai. especially after posting a position on the marketplace and having to sift through thousands of applicants. They created a tool that shows a candidate’s percentile match between their résumé and the job description to reduce the recruiter’s burden.
An AI voice bot quickly conducts interviews at an astounding rate of 1000 calls per minute after the company’s score is satisfied. A recruiter could thus be able to make a hire in a single day.
Over 30,000 freshmen from Tier 2 and Tier 3 universities have been placed by GetWork with 8,000 employers since 2019. These firms include major players in the industry like Byju’s and Reliance.
Human capital management SaaS provider PeopleStrong recently revealed generative AI integration for the whole employee lifecycle.
It has started utilizing AI to streamline processes for all stages of the employee journey, such as producing OKRs, nudge-coaching new hires, producing thorough reports, and making recommendations based on data already gathered from the entire company.
PeopleStrong also introduced Jinie, India’s first AI-powered chatbot, in 2017. In 2022, the AI-powered Skill Cloud will be unveiled.
