Unemployment in the United States is at its lowest rate (3.7 percent) in nearly 50 years. Great news, right? Yet, while this indicates the positive state of our economy, it also indicates major labor shortages across some of the country’s biggest sectors, including construction, retail, hospitality, manufacturing and health care.
And with 60 percent of employers surveyed by CareerBuilder saying they’re struggling to fill vacancies within a 12-week time span or even longer, our tight laor market is a costly problem that needs to be solved, fast.
With many of these industries experiencing a boom, in particular the construction sector, it’s not uncommon for businesses to find they are unable to staff their teams well enough to keep up with the expansion. So, companies intent on fast growth need to stay one step ahead of their competitors. And that’s where artificial intelligence (AI) comes in.
Integrating AI and chatbots into high-volume recruitment processes will help you get the people you need for your company, and get them sooner than later. These technologies promise to give you an edge over your competitors; just consider that 85 percent of executives in a survey reported by the MIT Sloan Management Review said they believed AI will help their companies sustain a competitive advantage.
So you can’t afford to wait. Here’s how AI can make an immediate impact to your recruitment needs.
Source : Entrepreneur