As a view on where the future of work is headed from our tiny prism of running an end-to-end recruitment platform, we have some observations which we would like to share with you. The pandemic has forever changed the way we hire. According to Gartner, before the pandemic, 79% of first-stage interviews were conducted in person or via phone. Today, 86% of organizations are conducting virtual interviews to hire candidates.
Companies are fast adapting AI interviews to do a pre screen of candidates. Its role is not to eliminate candidates, but to collect valuable data across a variety of factors that are nearly impossible to capture from a mere screening of a candidate’s application.
Let me explain what we understand from our customers. With changing sectors and job roles, academic qualifications and past job experience are hardly sufficient to ascertain a candidate’s future job performance. What’s needed is a thorough understanding of a job role, the skills required, structuring questions that will extract the relevant information from candidates, and then stack ranking the candidates for all those parameters, and here’s where AI and specifically white box AI can play a crucial role in bringing the consistency and rigour with a data-driven approach which was almost impossible a few years ago.
The Way We Work Today
In the ever-evolving landscape of modern business, efficiency is paramount. Companies strive to maintain lean yet effective workforces while optimizing revenue margins, quality, productivity, and costs. The shift towards remote or hybrid work culture, accelerated by the pandemic, has redefined traditional notions of workplace dynamics.
What’s Changing in Hiring
In the realm of recruitment, the winds of change are blowing stronger than ever. According to Gartner, the pandemic catalyzed a significant shift in hiring practices, with 86% of organizations now conducting virtual interviews, compared to just 79% pre-pandemic.
However, amidst this transition, one innovative tool often flies under the radar: AI interviews. While virtual meetings on platforms like Zoom and Google Meet have become commonplace, AI interviews offer a deeper level of candidate evaluation. They collect invaluable data across various metrics, providing insights that traditional screening methods cannot match.
End of Phone Screening
Gone are the days of abrupt phone call endings by recruiters who sense a mismatch early on. AI interviews offer a more refined approach, tailoring questions to assess candidates thoroughly while ensuring a positive candidate experience.
Reduction in Interview Rounds
The days of marathon interview sessions are dwindling. Thanks to robust prescreening facilitated by AI, organizations are streamlining their hiring processes, reducing interview rounds to as few as one for entry-level positions. This not only saves time but also enhances efficiency and equity in hiring practices.
Increasing Importance of Soft Skills
As the pace of technological advancement accelerates, soft skills such as critical thinking and problem-solving are gaining prominence. AI interviews, with their structured approach, are adept at evaluating these essential attributes, ensuring that candidates possess the holistic skill sets required for success in today’s dynamic workplace.
A Truly Global Company
The pandemic underscored the viability of remote work, prompting companies to embrace talent regardless of geographical boundaries. AI interviews facilitate this global approach by enabling asynchronous evaluations, allowing hiring teams to collaborate seamlessly across time zones.
AI Interviews for Mid-to-Senior Level Positions
Traditionally reserved for entry-level roles, AI interviews are now making waves in mid-to-senior level hiring. From Head of Legal to Regional Sales Directors, organizations are leveraging AI to identify top talent efficiently and effectively.
Time to Hire
AI platforms are revolutionizing the hiring landscape by expediting decision-making processes. With asynchronous interviews and data-driven insights, organizations can significantly reduce time-to-hire metrics. For example, our platform data showcases impressive averages: 15 days for Business Analyst roles, 20 days for Content Writers, and 19 days for Call Centre Representatives.
In summary, AI interviews represent a paradigm shift in recruitment practices. By automating candidate evaluations, offering comprehensive insights, and accelerating selection processes, these platforms empower organizations to hire top-tier talent with unprecedented efficiency. As the future of work continues to evolve, embracing AI interviews will be key to staying ahead in the competitive hiring landscape.
Interviewer.AI is a technology platform purposely built to support Recruiters and HR teams in finding top talent for their companies. Our mission is to make hiring equitable, explainable, and efficient. to screen in advance and shortlist the candidates that meet the criteria set.
Learn more about how Interviewer.AI can help your business.
Increase your hiring team’s efficiency using a combination of resume scoring, skill assessment, and asynchronous video interviews.
Sunny Saurabh is the Co-founder and CEO of Interviewer.AI. At Interviewer.AI, he is focused on building the penultimate step to hire great talent. He wants to make hiring more equitable and help businesses hire top talent effortlessly.
