Recruitment leaders unconvinced of the benefits of new technologies

(2 minutes to read)

APSCo: ‘Technology is freeing up valuable time which can be better spent engaging with clients and candidates in a way which no machine could’.

Latest findings have revealed that although AI and automation are changing the face of recruitment, many leaders still remain sceptical about the benefits.

According to the recent research from The Association of Professional Staffing Companies (APSCo), just28% of recruitment firms are currently using AI & automation and a further 33% of businesses plan to introduce this technology within the year.

When asked about what the greatest benefits of using AI and automation in the recruitment process is, the top three identified across the board were:

  • Greater efficiency (73%)
  • Positive impact on time-to-hire (56%)
  • Reduction in human error (40%).

However, the research also identified several concerns associated with incorporating AI and automation into the recruitment process:

  • 59% said ‘a less personal experience for candidates’ could be a disadvantage.
  • 56% said the ‘level of financial investment required’ was a barrier to implementation.
  • 43% believed ‘the complexity of layering new technology with existing systems’ could be a challenge.

When asked if they had recorded a rise in demand for candidates with experience in AI and automation over the past year, 39% said ‘yes’. Among businesses in the highest turnover bracket, this figure increased to 56%.

In addition, one in four of those surveyed (24%) revealed that they had noted the emergence of new job titles for professionals to work within AI and automation within the past 12 months. For companies with the highest turnover, this figure stood at 44%. Examples given included, ‘AI Data Scientist’, ‘Automation Consultant’, ‘VP of Platforms’ and ‘Knowledge Engineer’.

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Samantha Hurley, Operations Director at APSCo, commented, “At a time when experts predict that 47% of all jobs will be automated by 2034, it is no surprise that rapid technological advancements are not only impacting the way that recruiters work today – but also the nature of the roles we are recruiting for.

“However, our results suggest that, while the potential associated with AI and automation is no doubt exciting for recruitment leaders, we are still a long way from universal adoption. It seems that the plethora of options available – coupled with scepticism around the capabilities of tools currently on the market – mean that many firms, while aware of the benefits of new technologies, are yet to take the plunge.

“That said, AI and automation are already beginning to relieve consultants from mundane and repetitive tasks. In doing so, technology is freeing up valuable time which can be better spent engaging with clients and candidates in a way which no machine could. Recruiters are vital to ensuring that businesses have the skills they need to navigate the future of work – and they must call on the technology at their disposal to make it happen.”

To find out more about contracting please contact Jaime on 01442 795 100 or email jaime.thorpe@dolanaccountancy.com.

Why Dolan Accountancy?

Dolan Accountancy was set up by Simon J Dolan, the man behind the well-known brand SJD Accountancy. With over 25 years experience in the contracting marketing, Dolan Accountancy has the heritage, reputation and credibility you can trust. Working closely with our sister company, Contractor Umbrella, it means we can offer one low cost, fixed fee package at £95 + VAT per month. This gives you the flexibility of using both our Limited Company Accountancy Services and our award winning Umbrella Service, for one inclusive cost. We don’t believe in tiered packages or hidden extra fees, instead we aim to give you everything you need, including:

  • Free Company Formation – This is where it all begins. Once you have decided on an available name, we will form your company free of charge (if using our accountancy services) and it will be ready for you to use in as little as three hours.
  • Free use of Contractor Umbrella – With changes in Public Sector IR35 Legislation we understand that sometimes you are required to contract via an umbrella company. We will keep your limited company ticking over, while you work margin free via our sister company, Contractor Umbrella.
  • A Dedicated Accountant – Your accountant will be there for any company or personal tax advice that you require. We will never outsource work, even to internal teams.
  • Free Access to FreeAgent – The founder behind the multi award winning FreeAgent platform was one of Simon’s first clients, therefore it only seems fitting that we offer all of our clients access to FreeAgent, free of charge.
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  • Unlimited IR35 Status Reviews – We will review all of your contracts for IR35 purposes and provide you with our professional opinion as to its status.
  • Free Registered and Director’s Service Office Address – Sometimes you just don’t want your home address on display at Companies House. When you sign up to our accountancy services, we will offer the use of our address as an alternative.
  • Your Business and Personal Taxation Needs – This includes Company Accounts, Director’s Personal Tax Return, VAT Returns, Payroll, Corporation Tax and Dividend advice, to name just a few.
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If you’d like to find out more about how Dolan Accountancy can help you and your business, please give us a call on 01442 795100 or email sophie.lewis@dolanaccountancy.com or jaime.thorpe@dolanaccountancy.com.

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