HOW BLOCKCHAIN AND AI WILL TRANSFORM RECRUITMENT?

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A Blockchain application can be effectively used to record this information through various job boards and social media sources, and store it against the candidate’s profile. Every comment made by a previous co-worker or employer gets recorded against every candidate. These are “ready reference checks” available before making a hire. In addition, smart contracts can alert stakeholders of important mismatch results during the course of hiring. Trust and transparency in the data will be higher because Blockchain is immutable.


Artificial Intelligence can effectively remove a lot of unwanted and fake resumes from the huge resume banks. Applying Artificial Intelligence eliminates the need for manual screening and makes search cycles shorter. With AI, one can reach out to the best candidates in days (not weeks) and save up to 50 percent of the hiring time.

 

With every action, the AI engine becomes smarter. Using predictive analysis, it learns on its own on when to select or reject a candidate. Moreover, AI also helps in other manual tasks, like rediscovering past candidates, ranking candidates, and matching the right candidates that best fit a job.

 

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