5 HR Tech Startups with Disruptive AI Technology for Recruitment

Talent acquisition has always been a vital area for HR teams. With skills shortage on the rise and a diverse global candidate pool, AI can link the brightest mind to the most fitting roles. We share five disruptive startups in this exciting landscape.

Several studies and research reports have shown that acquiring good talent is among the top three challenges for HR managers. Despite increasing investments in hiring across 2018 – a substantial increase from last year – companies still struggle to find highly skilled, top-tier candidates across job roles.

As a result, intelligent and disruptive hiring technologies are rapidly emerging as a focus area for HR. Startups are now using the power of Artificial Intelligence (AI) to address long-standing pain-points in candidate identification, engagement, and on-boarding. We look at five HR Tech startups applying AI in recruitment, allowing modern businesses to improve hiring efficiency and reach ROI goals.

Jobiak’s New Platform Uses AI for Recruitment Marketing

In October of 2018, Jobiak launched Opens a new window an AI-based recruitment marketing platform geared to help HR teams link job boards to the Google for Jobs ecosystem.

Earlier, posting job to this environment required coding expertise and deep technical know-how. Jobiak’s AI algorithm automatically scans job posts, identifies attributes required by Google, and structures Google tags without having to touch the underlying code.

Jobiak targets SMBs with both free and paid delivery; subscriptions start at USD 15 per month.

Also read: What is Google Jobs and How Can You Use it to Your Recruitment Company’s Advantage?Opens a new window

Harver is an AI-powered Recruitment Screening Tool

Barend Raaff, CEO of Harver, believes that the era of resumes is now over; in fact, the traditional resume is not an indicator of success for many roles. He and his team started building the platform in 2010 to help recruiters make data-driven hiring decisions, beyond traditional CVs. Today, the company has offices in Amsterdam and New York, serving clients such as Zappos and Netflix.

“We have machine learning experts, psychologists and assessment experts working on our software day and night, pouring their knowledge into the platform to make sure HR practitioners can use it. Harver is infused with machine learning, psychology and elements of neuroscience, but HR practitioners get to see an intuitive platform and have data displayed in an insightful manner,” Raaff told HR Technologist in an exclusive interview.

At its core, Harver automates pre-hiring tasks using their proprietary AI technology. Predictive analytics is applied to accelerate the recruitment process, pre-select candidates in 42 languages, and improve candidate experiences.

Also read: Harver Raises Another $4.3 million in Series A Funding – Propelling Next Gen Recruitment ProcessesOpens a new window

hackajob Deploys AI for Recruiting Technical Talent

This 2014 startup was launched to transform legacy, agency-based recruitment models and make it easier to find technical resources.

Resumes often provide an unclear picture of a candidate’s capabilities in areas such as coding skills, cloud technology understanding, or familiarity with popular platforms like SAP. Using hackajob, recruiters are automatically matched with a curated candidate list extracted from their 60,000-strong talent pool. What’s more, a candidate’s earlier projects are listed right alongside their profile.

Recently, hackajob secured Opens a new window USD 6.5 million in funding to reinforce their AI-innovation efforts.

Helena is an AI-centered Recruitment Assistant

San Francisco-based startup Woo launched Helena in 2017 as a Seri alternative for HR managers. Helena functions as a virtual headhunter using AI and machine learning to source, identify, and approach the best possible employer-employee intersections. Importantly, Helena targets passive candidates, a segment that recruiters often struggle to engage.

The company reports Opens a new window a 67% conversion rate with 52% candidates attending interviews (a 20x improvement on traditional job boards).

Also read: Redefining Recruitment with ChatbotsOpens a new window

Uncommon.co Offers an AI-led Recruitment Marketplace

The company’s Uncommon IQ Opens a new window platform aims to connect job seekers, job sites, and employers in an automated and fully transparent environment. Their flagship AI methodology analyzes career paths, previous experiences, skill levels, and genuine involvement – giving recruiters immediate access to qualified and interested applicants.

The company has shared that candidate’s using the platform are 12 times more likely to secure an interview, given they are automatically shortlisted without hiring managers blindly paying a Cost Per Click. In fact, the startup hopes to replace the accepted Cost Per Click model with a game-changing Cost Per Interests & Qualified pricing model.

Also read: 7 Step Recruitment Plan for Successful HiringOpens a new window

A Final Word

Every year, a plethora of disruptive companies enter the HR Tech landscape, leveraging the newest technologies and strategic ideas to offer a significant advantage. AI can help these companies refine recruitment strategies, helping HR providers partner with modern employers, on their journey towards growth, profitability, and industry leadership.

What are your thoughts on AI innovation in recruitment as we enter the new year? Comment below and join the discussion!