Talent Intelligence + AI Tools: Redefining Healthcare Recruiting
There’s a veritable wrestling match going on in the world of healthcare recruiting and talent acquisition. In a talent environment more competitive than a high-stakes poker tournament, recruiters are going all in, hoping to capture those ace in the hole candidates faster than the competition. Yes, the struggle is real. But the solution is also real and it lies in the game-changing technology that is AI + a little thing called Talent Intelligence. How is this tech-forward solution redefining healthcare recruiting? We’ll get to that. But first, a quick overview of what’s happening in the healthcare workforce.
What’s Happening in the Healthcare Workforce
You can barely pick up a newspaper, turn on the TV, or (like a large majority of modern-day homo-sapiens get their news) scroll through your smartphone without seeing a reference to what’s happening in the U.S. healthcare industry. Or more specifically, what is happening with the boots on the ground healthcare recruiters tasked with delivering qualified healthcare professionals where they’re so desperately needed.
You’ve heard it all before. An aging population increasing the demand for healthcare services, a burned-out, stressed-out healthcare workforce exiting in droves, while a great many critical healthcare workers are simply retiring themselves. Not enough this, not enough that – and oh yeah, lest we forget, all on the heels of a global pandemic that created its’ own whirling dervish of instability for the healthcare industry as a whole.
To sum it up, there just aren’t enough trained, qualified healthcare workers to fill the increasing number of vacant roles across the spectrum in the healthcare industry. And we’re talking about critical roles, like primary care doctors, where there is an anticipated shortfall of anywhere from 21,400 to 55,200 by 2033.
Even more disturbing is the massive shortage of nurses that is expected to continue to rise to staggering numbers by 2027, amplified by a projected shortage of approximately 446,000 home health aides by 2025, and a massive increase in jobs for healthcare support occupations.
Factor in the other unique challenges associated with recruiting the right healthcare professionals and it’s easy to see why healthcare recruiters and staffing agencies are looking for better solutions.
Healthcare Recruiting Challenges
Turbulent industry conditions aside, there are other challenges associated with recruiting the right healthcare professionals.
Complex Job Requirements: Healthcare roles often come with the need for complex and specialized skill sets. Not to mention soft skills such as empathy, communication skills, and compassion. Finding individuals with both the qualifications and personal traits necessary can be like finding a needle in a haystack.
Time Sensitivity: It’s not just a case of finding qualified healthcare workers. It’s also about the time it takes to find, screen, and qualify personnel when you’re talking about an industry where time is of the essence. Vacant positions can lead to delays in patient care, increased workloads for existing staff, and even more burnout than normal.
Diversity and Inclusion: Healthcare organizations are increasingly recognizing the need for more diversity in their workforce, both to better serve diverse patient populations and to enhance their ability to innovate. Achieving diversity and inclusion goals can be challenging without the right technology tools and strategies.
These challenges underscore the need for innovative solutions that streamline healthcare recruiting, make it more efficient, and improve the overall quality of hires. This is where AI-powered Talent Intelligence steps in.
Understanding AI-Powered Talent Intelligence
You might be asking yourself, what is AI-powered talent intelligence? It’s no secret that AI (artificial intelligence) is becoming more and more prevalent across many industries. So much so, that finance giant PwC projects that AI technology could add as much as $15.7 trillion to the global economy by 2026.
But it is particularly impacting healthcare recruiting and talent acquisition for its’ ability to power data-driven decisions. But what does it mean in terms of powering talent intelligence in recruiting? The short answer is that by leveraging AI algorithms, an AI-powered talent intelligence tool analyzes large amounts of data quickly and accurately, helping organizations better understand the overall talent landscape, market conditions and other area-specific situations that may be relevant to their talent search.
You can read about AI-powered talent intelligence in more detail by downloading our white paper here.
The Impact of AI-Powered Talent Intelligence on Healthcare Recruiting
Optimize talent searches with real-time insights – Using predictive analytics and data on key elements including compensation, location, skill set distribution, company mapping and education, an AI-powered talent intelligence tool can help you create more effective searches based on actual data, saving time and money. For example, if the role you’re sourcing for is in a location where the average salary for nurses is substantially higher than what the client is offering, an AI-powered talent intelligence such as Arya, equips you with the data you need to adjust your sourcing strategy and support your recommendations back to the client.
Identifying relevant skills – AI algorithms analyze candidate data to ensure they possess the specific technical skills required for a healthcare role. The Arya platform takes that a step further with its scoring and ranking capability. Using 7 multidimensional data points and more than 300 attributes to understand and assess candidate relevancy, Arya’s AI-powered talent intelligence identifies the healthcare candidates most likely to succeed in the role you’re sourcing for.
Faster access to a larger talent pool – Discovering and engaging the talent most suitable for the job faster than the competition is critical in today’s healthcare landscape. Not just to capture the best talent, but also to reduce your screening costs. One study found that AI-powered talent intelligence reduced candidate screening costs by 75% per screen. Even more potent is an AI talent intelligence platform that includes a built-in talent database. The Arya platform provides users with immediate access to the largest talent database in North America. (850+ million candidates sourced from 70+ channels across more than 150 industries.)
Accurately predict your hiring needs to create proactive recruiting strategies – Leveraging data from millions of sources, AI-powered talent intelligence provides recruiters with real-time insights into a constantly evolving healthcare labor market. This enables healthcare recruiters to make informed decisions about where to allocate resources for the best results. It can also help identify emerging skill sets, changes in compensation, demand for certain positions, and allows you to forecast for specific positions in certain areas. All of which helps you better manage your budget and recruiting resources.
Decrease employee turnover costs, and boost retention – There are studies that show the cost of employee turnover is around 33% of an employee’s salary. AI-powered talent intelligence can help you find and engage more compatible talent, making it easier to fill roles with candidates who are more likely to be a fit in the first place.
Reduce bias and enhance diversity hiring initiatives – Bias in hiring is a significant concern in healthcare. Especially when it can lead to disparities in patient care and limitations on diversity within healthcare teams. AI-powered Talent Intelligence can minimize bias with candidate data masking, which enables screening based on only relevant data. With an AI powered talent intelligence sourcing tool such as Arya, healthcare recruiters can leverage built-in diversity indicators which allow them to source a more diverse pipeline of talent, while maintaining scoring and ranking integrity.
Enhancing the Candidate Experience – In healthcare recruiting, an exceptional candidate experience is crucial. A positive experience not only attracts top talent but also reflects positively on the organization’s reputation. AI-powered Talent Intelligence enhances the candidate experience by providing:
- Real-time updates: AI-powered tools can provide candidates with real-time updates on their application status, interview schedules, and feedback, ensuring candidates never feel “ghosted” and are always in the loop.
- Personalized communication: Recruiters can leverage the automated features in an AI talent intelligence tool to send personalized messages to candidates, making them feel valued and appreciated throughout the recruitment process.
- Seamless application process: The better the application process, the better the candidate experience. An AI-powered recruiting tool can streamline and simplify the application process leading to a better recruiting outcome.
What to Look for in an AI-Powered Talent Intelligence Platform
The right AI powered talent intelligence hiring tool can make healthcare recruiting a whole lot easier. But with so many options on the market to choose from, it can be difficult to know which is right for your needs. Start by asking some questions.
What kind of tasks does the platform automate?
Automating tasks like candidate communication and engagement is a must-have in an AI recruiting tool. With a multichannel communication dashboard that features talk, text, email, and chatbot, the Arya platform allows you to automate all of the above, saving you precious time.
Does the AI tool have advanced search and match capability?
An AI recruiting tool that not only searches from multiple channels, but also offers Boolean and AI-assisted search like the Arya platform, is going to deliver the most ROI and also empowers healthcare recruiters of all experience levels to design more effective searches.
Is talent scoring and ranking built-in?
Manually screening candidates for compatibility with the role you’re sourcing can be tedious and time-consuming. A recruiting tool that scores and ranks talent against the role you’re sourcing can cut sourcing time in half and also deliver the best candidates for the job. Arya sources, scores and ranks talent for 90% of jobs in less than 5 minutes, reducing shortlisting time by 50%.
How does the platform integrate with my existing ATS?
No one wants a complicated integration process that takes up your time and resources. Request a full demo of the platform and gain a full understanding of what integration looks like and what you can expect in terms of customer support – before, during and after integration. Arya seamlessly integrates with more than 50 ATS platforms and requires zero input from your IT team.
What level of talent intelligence can I expect?
Not all AI talent intelligence tools are created equally. It’s important to understand that an AI recruiting tool is only as good as the data it was trained on. And training AI takes time and effort. Choosing the right tool means asking the right questions. Questions like how long has the AI been trained and with what kind of dataset?
The Arya AI talent intelligence platform was trained on the largest dataset in the industry combined with 10+ years of machine learning corrective feedback loop. The result is powerful pattern deduction capability and unparalleled search accuracy across multiple channels.
It’s safe to say that the future of healthcare recruitment is going to be built on the power of AI. To ensure your healthcare organization stays ahead of the curve, keeping up with the latest technological advances in recruiting and talent acquisition isn’t just a good idea, it’s imperative. That’s why implementing Arya into your healthcare recruitment strategy is the key to better recruiting outcomes. After all, Arya’s AI wasn’t born yesterday. Built on a combination of multiple machine learning models, predictive analytics, neural networks, and natural language processing (NLP), the AI in Arya has been evolving and improving for over 10 years and is unlike any other AI on the market. Distinctly different from typical AI sourcing tools, Arya’s unique configuration and design yields superior results other AI tools are incapable of. See for yourself what AI-powered talent intelligence can do for you and book a demo of Arya today!
What exactly is AI-powered talent intelligence, and how does it differ from traditional recruiting methods?
AI-powered talent intelligence is an advanced approach to recruiting that leverages artificial intelligence and data analytics to make the hiring process more efficient, data-driven, and predictive. It differs from traditional methods by offering a deeper and more holistic understanding of candidates, reducing biases, and automating various stages of recruitment.
Can AI really understand the intricacies of healthcare roles and match candidates effectively?
Yes, AI has proven to be highly effective in understanding the nuances of healthcare roles. It can analyze resumes, certifications, and experience to match candidates with specific job requirements, ensuring a better fit for both the candidate and the organization.
How does AI-powered Talent Intelligence enhance the candidate experience?
AI-powered solutions can provide real-time updates to candidates, automate routine communication, and offer personalized feedback. This leads to a more engaging and transparent candidate experience, which is particularly crucial in healthcare where communication is vital.
Does AI-powered talent intelligence eliminate human involvement in the recruitment process?
No, AI-powered talent intelligence augments human decision-making rather than replacing it. It handles repetitive tasks, screens candidates, and provides data-driven insights, allowing recruiters to focus on more strategic aspects like relationship-building and cultural fit assessment.
Can AI help healthcare organizations address the issue of workforce diversity and inclusion?
Absolutely. AI can help reduce unconscious bias in recruiting, enabling healthcare organizations to build more diverse and inclusive teams. By analyzing a broader range of candidate data, AI can identify qualified candidates from underrepresented groups.
What about data security and privacy concerns with AI in healthcare recruiting?
Data security and privacy are paramount in healthcare recruiting. AI-powered platforms are designed to comply with stringent data protection regulations like HIPAA in the United States. Ensuring vendor compliance and robust data encryption measures are crucial for safeguarding sensitive candidate information.