PandoLogic CEO
Establishing a baseline around how companies are using TA technology right now, Aptitude found that companies are increasing their overall investment in TA tech and AI in TA, and 63 percent of companies that participated in the report plan to invest in AI hiring solutions in 2022. At the same time, the TA tech landscape is growing increasingly complex, with all evidence indicating that AI is now a permanent fixture. Despite this, only nine percent of companies are using AI across TA, with 22 percent just starting to and 15 percent using AI inconsistently, leaving ample room for increased use in the coming months and years.
Of those companies underutilizing AI, 44 percent admit that they do not know enough about the technology, while 17 percent say they do not have support from senior leaders, though as Aptitude points out, most people already use AI in their personal lives every day. Recognizing that there is still room for market education as well as technological advancement, the report looks to the future, examining key considerations such as efficiency versus experience, the rise of ethical AI and the role AI plays in recruiter and candidate experiences.
Other key takeaways include:
- Efficiency is the number one driver for TA tech decisions, specifically saving recruiters’ time and improving time to fill.
- Diversity, equity and inclusion are playing a bigger role in TA tech decisions, with over 30 percent of companies having a dedicated budget for these initiatives.
- Finding applicants, reviewing their materials and scheduling interviews are the most time-consuming activities for recruiters.
- Those surveyed see improvements to efficiency and quality of hire as the most significant benefits of AI in TA.
- Better tools to automate processes ranked as the number one resource recruiters need, followed by more time to engage candidates.
Baker concluded, “It’s clear from Aptitude’s research that AI is underutilized in recruiting today because companies do not fully grasp the benefits it provides. This report digs into the activities that take up recruiters’ time, the resources that recruiters need and where AI is most helpful. We are keen to provide a full picture of how much AI has to offer, as we’ve seen and demonstrated at PandoLogic time and time again.”
About PandoLogic
PandoLogic is the leading recruitment marketing and conversational AI platform in
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Source: PandoLogic
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