How AI helps you find suitable talent in a tight labor market

You have new job openings, but you need more qualified candidates. How do you solve it? 

‍

ManpowerGroup research shows that 75% of global companies struggle to fill jobs because they can't find qualified people. Indeed indicates that companies usually spend between $4,000 and $20,000 and take 20 to 40 days to hire a new worker. 

‍

So, to overcome the challenge, you need to apply innovative recruiting practices to avoid wasting time and money. In this blog post, you’ll learn how to find the ideal candidates for your organization using a data-driven approach that includes sophisticated analytics and AI technologies. 

‍

Why is finding perfect candidates so difficult?

The challenge is a mix of market dynamics and organizational issues. First, there is frequently a mismatch between the skills employers require and the skills available in the workforce.

‍

As industries and technologies evolve, the workforce struggles to keep up, making many positions difficult to fill. 

‍

Second, competition is fierce, especially in sectors like technology and healthcare, where qualified candidates are in high demand. Companies must not only find the right talent but also lure them away from other attractive opportunities. 

‍

Additionally, workforce expectations have changed since modern candidates look for a company that cares about their career goals and aspirations. Geographic limitations also play a role; while remote work has increased the talent pool, many positions still require a physical presence or are location-specific, limiting the options.

‍

Finally, complex hiring processes can discourage potential candidates. If the hiring process takes too long or is too hard to understand, even highly interested candidates may give up and not apply. 

‍

AI-driven strategies to find suitable candidates

AI streamlines your hiring process by using advanced analytics to match candidates to the company's organizational culture and operational needs, helping you save time and money. The following are some AI-driven recruiting strategies. 

‍

Skills matching

AI algorithms enable precise matching of job requirements and candidate profiles. Platforms like Adepti use machine learning to analyze resumes and accurately predict candidate suitability with skills intelligence.

This technology goes beyond keyword matching; it understands context, evaluates experience levels, and even analyzes the most recent labor market data to identify what is needed now and in the future.

‍

Automated screening 

Automated screening tools save HR teams a significant amount of time on initial candidate evaluations. These tools sift through large volumes of applications to identify the most promising candidates using predefined criteria.

Besides, AI-powered psychometric tests and video interviews can assess candidate personalities and soft skills, providing additional insight beyond what is visible on a resume.

‍

Engagement predictions

AI tools on platforms like Adepti can also predict how likely a candidate is to engage with and stay at a company. By analyzing previous employee data and career progression patterns, AI can identify candidates who are not only a good fit for the role, but also likely to be long-term assets.

This predictive capability contributes to lower turnover rates and increased organizational stability.

‍

Automated tasks

AI makes recruitment easier by automating routine tasks like scheduling interviews, sending follow-up emails, and updating candidate statuses in the recruitment funnel.

This automation allows recruiters to focus on more strategic tasks like candidate engagement and relationship building, which are essential for attracting top talent.

‍

Interactive platforms

AI-driven chatbots and interactive platforms can provide real-time feedback and updates to candidates, improving the overall application experience. A positive candidate experience increases the likelihood of top candidates accepting offers.

‍

Strategic data insights

AI doesn’t just help recruit; it also provides valuable insights through data analytics. It can track effectiveness, identify bottlenecks in the recruitment process, and suggest improvements.

By analyzing data from recruitment campaigns, AI can help fine-tune strategies to target more suitable candidates and increase overall recruitment efficiency.

‍

AI-powered internal mobility

AI's ability to analyze employee skills, performance metrics, and career aspirations facilitates internal mobility by recommending roles that align with individual development plans.

Furthermore, promoting from within reduces the recruitment costs of hiring external candidates, as internal candidates are already familiar with the company's culture and processes.

‍

Find the perfect candidate with Adepti

A tight labor market requires an innovative approach to talent acquisition. Adepti leverages advanced AI-driven capabilities to match your job requirements with the perfect candidate, ensuring a long-term fit for sustained success. Book a free demo now to find suitable talent for your organization with AI.