AI has become "all the rage" today. But like every other innovation, it's not without faults. Before we talk about the best AI recruiting tools, let's go back to the origins of the idea.

If you ask the founders of some of the most innovative AI companies today where they got their inspiration, they'll name books from the last century. Elon Musk credits Deep Thought, and Marvin the Paranoid Android from Hitchhiker's Guide to the Galaxy. Jeff Bezos cited The Foundation series by Isaac Asimov, and many others refer to works by Ray Kurzweil and others for inspiring their vision of human/ machine interaction in the future.

The concept of "AI" pre-dates The Dartmouth Summer Research Project on Artificial Intelligence by more than 200 years. We first saw the fraudulent concept of the Mechanical Turk in the 1770s and Charles Babbage's Analytical Engine in the late 1830s. Things started to speed up in the 1950s with The "Turing Test," developed by Alan Turing, and then finally the Dartmouth Conference in 1956 where John McCarthy, Marvin Minsky, Nathaniel Rochester, and Claude E. Shannon originally coined the term artificial intelligence (AI). However, it was in the mid-20th century that AI research began to take shape as an academic discipline.

Most people today would note ChatGPT's official launch in November of 2022 as their first real introduction to AI. But for the last decade, artificial intelligence and machine learning have integrated into almost every aspect of our lives. Today, AI powers self-driving cars, decides what you see on your social media feed, and even helps us find the perfect match on online dating apps.

Now you may be thinking, "We're here to talk about AI recruiting tools, how does that walk down memory lane help me understand the topic?" It's quite simple really, the concept of machines that process like humans and serve in an additive fashion to our lives has been around longer than many of our grandparents.

But what about AI in recruitment? How is this technology being used to improve and enhance the hiring process? AI recruitment tools are systems that use artificial intelligence and machine learning algorithms to automate or streamline various aspects of the recruitment process. These tools can range from chatbots that pre-screen candidates to resume parsing software that digitally source applicants, to interview intelligence that helps us make better hiring decisions.

The best AI tools for recruiting, like the conceptualizations of the past, are solving many of the challenges we face when hiring top talent. They're making the hiring process more efficient, less biased, and ultimately, more successful. These tools are helping recruiters and hiring managers save time, improve candidate experience, and make data-driven decisions.

But with so many AI recruiting tools on the market today, how do you know which ones are the best? Here are a few key factors to consider when evaluating AI recruiting tools:

• Accuracy: The most important factor when it comes to AI recruiting tools is their accuracy. You want a tool that can effectively and efficiently screen, source or assess candidates.
• Ease of use: AI tools should make the recruiting process easier, not more complicated.
• Integration: Speaking of integration, make sure to choose AI tools that can seamlessly integrate with your existing Applicant Tracking System (ATS) or Human Resources Information System (HRIS). This will save time and effort when it comes to managing candidate data.
• Customization: Every company has different needs and preferences when it comes to hiring- finding the right one takes a bit of trial and error.
• Support: As with any technology, it's important to have a reliable support team in case you encounter any issues or need assistance.

Different Types Of AI Recruitment Tools

That said, there are different types of AI recruitment tools. We mentioned a few of them in the previous section but let's list them here. If you had an unlimited budget and could build a comprehensive tech stack, it would probably look something like this:

1. Text Analysis Tool for Inclusive Job Descriptions
2. Applicant Tracking Software
3. Digital Candidate Sourcing Software
4. Digital Assistant Platform
5. Interview Scheduling Software
6. Interview Intelligence Software
7. Candidate Assessment Testing
8. Personality and Cultural Fit Assessments
9. Onboarding Solutions

These 9 AI in recruitment examples would help you write unbiased job descriptions, serve as your source of truth, find qualified candidates, engage applicants through the hiring process, schedule interviews, assess candidates based on skills and experience, evaluate their fit for a role, and help you get them onboarded and ramped in an effective way.

But we don't live in a perfect world, so many people have to select the best AI recruiting tools to provide for their specific needs. So let's briefly explore each one:

• Text Analysis Tool for Inclusive Job Descriptions: This type of tool uses natural language processing (NLP) to analyze job descriptions and identify any biased or exclusionary language. It then suggests alternative wording to help create a more inclusive job posting.
• Applicant Tracking Software: ATS systems are the mainstay in recruitment technology, and most modern ones include some level of AI integration. These tools can help manage candidate data, review resumes, and automate tasks such as scheduling interviews.
• Digital Candidate Sourcing Software: Also known as resume parsing software, these tools use AI algorithms to sift through hundreds or thousands of resumes and identify the most qualified candidates based on specific criteria.
• Digital Assistant Platform: Virtual assistants like chatbots can help answer candidate questions and pre-screen applicants through a series of conversational prompts. They can also schedule interviews, provide updates on application status, and collect feedback from candidates.
• Interview Scheduling Software: Instead of back-and-forth emails or phone calls to find a mutually convenient interview time, AI-powered scheduling software can handle the task on its own by syncing with individual calendars and suggesting available time slots.
• Interview Intelligence Software: These tools use machine learning to analyze interview data, such as verbal responses and body language, to predict a candidate's job performance and fit for a role.
• Candidate Assessment Testing: AI-based assessment tests can evaluate candidates on specific skills or competencies required for a job. They can also identify potential red flags, such as a tendency to embellish on resumes.
• Personality and Cultural Fit Assessments: These assessments use AI algorithms to analyze candidate traits and behaviors, as well as cultural fit with the company's values and team dynamics.
• Onboarding Solutions: AI-powered onboarding tools can help streamline the process by providing personalized training materials, automating paperwork, and offering support for new hires.

Imagine being able to link all of these solutions into one "hiring ecosystem" that automates much of the work for you. According to our research, using interview intelligence alone will save more than 14 hours per role, combining all of them could save twice that. This is why AI tools are transforming recruitment. And, these solutions are only getting better with adoption. The future of AI in recruitment is full of potential, and companies that embrace it will have a competitive advantage in the marketplace.

Top Players in AI Recruitment

If you "Google," "Best Recruiting AI Software," G2 lists more than 300 AI recruiting companies. That's a lot of options to choose from - so how do you know which ones are the top players in the industry? Choosing the right AI recruitment tool starts with a needs analysis and understanding which features are most important to your company.

Some of the top players in AI recruitment are:

• Textio: Founded in 2014, Textio uses AI to analyze and improve job descriptions for inclusivity and effectiveness. Their platform integrates with popular ATS systems and has been used by companies such as Microsoft, Starbucks, and Johnson & Johnson.
• Lever: Founded in 2012, Lever offers an AI-powered ATS system that helps companies streamline their hiring process. Their platform includes features such as resume parsing, interview scheduling, and candidate relationship management.
• HireEZ: Founded in 2010, HireEZ uses AI and machine learning to automate candidate sourcing and screening. Their platform integrates with popular job boards and social media sites, making it easier for companies to find qualified candidates.
• Paradox: Founded in 2016, Paradox offers a digital assistant platform called "Olivia" that can handle tasks such as scheduling interviews, answering candidate questions, and collecting feedback. Their clients include companies like CVS Health and McDonald's.
• Pillar: (our shameless plug): Founded in 2019, Pillar is an interview intelligence company that offers video interview software, structured interview guidance, and AI-powered candidate skills assessments. Our platform helps companies make smarter hiring decisions and save time in the process.
• Codility & HackerRank: These coding assessment platforms use AI to test candidates' coding skills and provide detailed reports on their performance. They are widely used by companies looking to hire technical talent.
• Predictive Index & 16 Personalities: These personality assessment tools use AI to analyze candidate traits and predict their compatibility with a particular role or company culture. They are commonly used for hiring in sales, customer service, and other roles that require strong interpersonal skills.
• Greenhouse & BambooHR: These HR software companies offer AI-powered onboarding solutions that automate administrative tasks and provide personalized training for new hires. They also offer features such as employee engagement surveys and performance management tools.

Any way you slice it, AI is revolutionizing the recruitment process, making it faster, more efficient, and more inclusive. From job description analysis to onboarding, there are numerous AI-powered tools available to help you make faster, more objective, and better hiring decisions, for less.

If you'd like to see how Pillar's interview intelligence can help you automate many of the hiring processes that take time and resources, book a demo to see it in action. We'd love to show you how we can help you save time, make smarter hiring decisions, and build a stronger, more diverse team. Happy Hiring!