{"id":77901,"date":"2024-09-18T09:00:44","date_gmt":"2024-09-17T23:00:44","guid":{"rendered":"https:\/\/www.bullhorn.com\/au\/?p=77901"},"modified":"2024-09-17T05:34:35","modified_gmt":"2024-09-16T19:34:35","slug":"reimagine-recruitment-with-ai-infused-everywhere","status":"publish","type":"post","link":"https:\/\/www.bullhorn.com\/au\/blog\/reimagine-recruitment-with-ai-infused-everywhere\/","title":{"rendered":"Reimagine recruitment with AI infused everywhere"},"content":{"rendered":"<p><span style=\"font-weight: 400;\">At Bullhorn, we talk to recruiters and recruitment agencies every day, and we\u2019re hearing the same things over and over. Agencies are dealing with margin pressure while also trying to differentiate themselves competitively. These are not easy times for anyone, and the day-to-day of recruiting is just <\/span><i><span style=\"font-weight: 400;\">harder<\/span><\/i><span style=\"font-weight: 400;\">.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">The good news is that most agencies are actually bullish on their outlook for the future, with nearly two-thirds predicting a revenue increase. Why?\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">One major reason is the recent explosion of AI technology. AI has matured to a point where it actually <\/span><i><span style=\"font-weight: 400;\">can <\/span><\/i><span style=\"font-weight: 400;\">deliver significant value and help recruiters in ways it couldn&#8217;t before. This is why we see agencies looking to AI as a way to solve some of the business challenges they\u2019re facing. And we, at Bullhorn, agree \u2014 AI is more accessible, more powerful, and more applicable to recruiting use cases than ever before.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Our approach is simple, but significant. <\/span><b>Bullhorn is reimagining recruitment with AI infused everywhere. <\/b><span style=\"font-weight: 400;\">We\u2019re taking a hard look at where and how recruiters spend their time to identify tasks and activities that are well-suited to enhancements from AI, and we\u2019re developing AI capabilities and solutions to specifically target those parts of the recruitment life cycle.<\/span><\/p>\n<h3><strong>How Bullhorn\u2019s AI will impact the recruitment lifecycle<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">Today\u2019s recruitment process is still largely manual, with recruiters spending their time selling to clients, sourcing and screening applicants, and submitting their top candidates \u2014 all while checking off various administrative tasks and staying on top of their to-do lists.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Manual processes like searching for the ideal candidate, drafting and sending introductory messages, and developing pre-screening questions leave little time for the core people aspect of recruiting \u2013 building relationships. <\/span><b>AI, when applied correctly, empowers a new way of recruiting by allowing recruiters to expedite manual processes and focus their time and effort on direct interactions.<\/b><\/p>\n<img loading=\"lazy\" decoding=\"async\" class=\"aligncenter size-full wp-image-77902\" src=\"https:\/\/www.bullhorn.com\/au\/wp-content\/uploads\/sites\/3\/2024\/09\/reimagining-recruitment-inblog-image.png\" alt=\"Optimize recruiter time for high-touch activities\" width=\"738\" height=\"254\" srcset=\"https:\/\/www.bullhorn.com\/au\/wp-content\/uploads\/sites\/3\/2024\/09\/reimagining-recruitment-inblog-image.png 738w, https:\/\/www.bullhorn.com\/au\/wp-content\/uploads\/sites\/3\/2024\/09\/reimagining-recruitment-inblog-image-300x103.png 300w\" sizes=\"auto, (max-width: 738px) 100vw, 738px\" \/>\n<p><span style=\"font-weight: 400;\">The new way gives recruiters the ability to widen the funnel to capture more candidates <\/span><i><span style=\"font-weight: 400;\">and <\/span><\/i><span style=\"font-weight: 400;\">very, very quickly narrow it back down to only the very best ones. <\/span><b>Instead of spending their time and energy trying to <\/b><b><i>find <\/i><\/b><b>the candidates who are the best fit, they can now spend their time and energy directly <\/b><b><i>with <\/i><\/b><b>those best candidates<\/b><span style=\"font-weight: 400;\">.<\/span><\/p>\n<h3><strong>S.E.A. of data<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">Now that we know <\/span><i><span style=\"font-weight: 400;\">where<\/span><\/i><span style=\"font-weight: 400;\"> to apply AI, let\u2019s talk about <\/span><i><span style=\"font-weight: 400;\">how<\/span><\/i><span style=\"font-weight: 400;\">. Since AI is only as good as the data that supports it, you need a partner who can leverage the right data to deliver the results you and your users are expecting. Bullhorn is the largest recruitment-specific AI provider and we train our models on a \u201c<\/span><b>S.E.A. of data<\/b><span style=\"font-weight: 400;\">\u201d that is <\/span><b>S<\/b><span style=\"font-weight: 400;\">pecific to recruitment, <\/span><b>E<\/b><span style=\"font-weight: 400;\">normous, and <\/span><b>A<\/b><span style=\"font-weight: 400;\">ctionable.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Across our platforms and products, Bullhorn has over 22 billion data points <\/span><i><span style=\"font-weight: 400;\">specific to recruiting. <\/span><\/i><span style=\"font-weight: 400;\">These include:<\/span><\/p>\n<ul>\n<li><span style=\"font-weight: 400;\">800 million candidates<\/span><\/li>\n<li><span style=\"font-weight: 400;\">121 million jobs<\/span><\/li>\n<li><span style=\"font-weight: 400;\">453 million submissions<\/span><\/li>\n<li><span style=\"font-weight: 400;\">60 million placements<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">I want to call out the number of submissions and the number of placements \u2013 these are so critical because without them, you can have 800 million resumes, but you don\u2019t know which resumes resulted in successful outcomes. This outcomes-based data is what helps make our matching models accurate. Bullhorn knows what success looks like at scale.<\/span><\/p>\n<h3><strong>AI in action<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">So, what are we actually building to make AI-powered recruitment a reality for you? Bullhorn is developing a number of AI capabilities and AI agents targeted at specific types of tasks and activities across the recruitment life cycle. Here are a few examples of what we\u2019re working on for you today \u2013 with even more to come!<\/span><\/p>\n<p><b>Generative AI:<\/b><span style=\"font-weight: 400;\"> We\u2019ll be expanding GenAI everywhere across the application and building a configurable prompt studio. We are also, and very critically, integrating generative content into <\/span><a href=\"https:\/\/www.bullhorn.com\/au\/products\/recruitment-automation\/\"><span style=\"font-weight: 400;\">Automation<\/span><\/a><span style=\"font-weight: 400;\"> \u2013 this is key for scaling the power of AI.\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">We are also using an \u201cassistant agent\u201d to make sense of and enrich all the unstructured data in Bullhorn. Remember those 22 billion data points? About 20 billion come from notes and emails, and there is a goldmine of information locked in there. AI helps us extract key information and update fields automatically. For example, imagine pulling out desired salary or location information to add to the candidate record. And tagging data too \u2013 imagine tagging notes with themes like compensation discussions and then being able to filter on those themes. It\u2019s a massive shift from how we use \u2013 or barely use \u2013 unstructured data today.<\/span><\/p>\n<p><b>Search &amp; Match: <\/b><span style=\"font-weight: 400;\">Search is a fundamental component of the platform and where our customers spend most of their time, as much as 35% of their day! We have a totally new search experience underway that has a reimagined UI, is significantly faster, and has numerous AI capabilities integrated, such as keyword expansion, automatically building searches, using machine learning models trained on the S.E.A. of data to rank candidates and provide recommendations, agents that automatically source in the background, and multi-board searches \u2013 all integrated into a single experience.<\/span><\/p>\n<p><b>Screening: <\/b><span style=\"font-weight: 400;\">Our customers today spend about a quarter of their time qualifying applicants. Manual screening is time consuming, it\u2019s expensive, and you have to train recruiters to do it right (and many still don\u2019t). There is a massive opportunity loss because most applicants aren\u2019t reviewed, high-quality candidates get black-holed, and the talent experience is often painful, with lack of communication and follow up.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">This problem can be <\/span><i><span style=\"font-weight: 400;\">solved<\/span><\/i><span style=\"font-weight: 400;\"> with AI, so we\u2019re building an AI-enabled screening agent that completely automates screenings, decreases the cost per hire, ensures\u00a0 consistent evaluation criteria, and provides a timely, personalised talent experience. With intelligent, dynamic conversation flow, our screening agent uses AI to generate questions based on the job, ask follow-up questions based on candidates\u2019 responses, answer candidates&#8217; questions, and more, all with fully customisable messages.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">And today\u2019s talent is <\/span><i><span style=\"font-weight: 400;\">ready <\/span><\/i><span style=\"font-weight: 400;\">for more AI in the hiring process. Our <\/span><a href=\"https:\/\/www.bullhorn.com\/au\/grid\/\"><span style=\"font-weight: 400;\">GRID 2024 Talent Trends<\/span><\/a><span style=\"font-weight: 400;\"> survey revealed that 79% of candidates are happy to work with AI for the screening process if it doesn&#8217;t mean sacrificing personalisation. Overall,<\/span><b> 81% are happy to work with AI recruiting agents if it speeds up the process<\/b><span style=\"font-weight: 400;\"> and 63% of those working with AI now already say it has resulted in faster responses from recruiters.<\/span><\/p>\n<h3><strong>Let\u2019s go forward together!<\/strong><\/h3>\n<p><span style=\"font-weight: 400;\">We are empowering our customers to unlock a new level of automation and leverage AI across the <\/span><i><span style=\"font-weight: 400;\">entire <\/span><\/i><span style=\"font-weight: 400;\">workflow, and we&#8217;re orchestrating new capabilities across our powerful, end-to-end platform. <\/span><b>Nobody is building the breadth and depth of AI services and capabilities across the whole workflow like Bullhorn is<\/b><span style=\"font-weight: 400;\">.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Ultimately, we&#8217;ll empower recruitment agencies to improve both productivity and quality, and achieve greater scale by unlocking the power of AI through automation. We want to uplevel <\/span><i><span style=\"font-weight: 400;\">all<\/span><\/i><span style=\"font-weight: 400;\"> recruiters to perform like the <\/span><i><span style=\"font-weight: 400;\">best<\/span><\/i><span style=\"font-weight: 400;\"> recruiters, and we can\u2019t wait to go forward in this AI journey together with you.<\/span><\/p>\n<p><a href=\"http:\/\/bullhorn.com\/au\/AI\"><span style=\"font-weight: 400;\">Learn more about Bullhorn\u2019s approach to AI.<\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>At Bullhorn, we talk to recruiters and recruitment agencies every day, and we\u2019re hearing the same things over and over. Agencies are dealing with margin pressure while also trying to differentiate themselves competitively. These are not easy times for anyone, and the day-to-day of recruiting is just harder.\u00a0 The good news is that most agencies [&hellip;]<\/p>\n","protected":false},"author":544,"featured_media":77904,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"om_disable_all_campaigns":false,"footnotes":""},"categories":[5,554],"tags":[],"class_list":["post-77901","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bullhorn-news","category-staffing-technology"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Reimagine recruitment with AI infused everywhere - Bullhorn AU<\/title>\n<meta name=\"description\" content=\"Reimagine recruitment with AI infused everywhere. 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