How AI Sourcing Works in Recruitment

The term "AI sourcing" seems to be a buzzword in the recruitment world as of late — and it's not going anywhere. Unlike many of the fad innovations that occur in HR tech, AI is here to stay.This is especially true in an industry that continues to expand its growth, potential, and level of competition. In order to maintain an edge in today’s recruiting climate, recruiters are going to have to utilize many of recruitment automation’s applications, like AI sourcing.Loxo’s AI sourcing technology will help recruiters cut out costly, time-consuming, and tedious processes so they can streamline their operations and leverage more time towards other important elements of the recruiting process. This article will tell you everything you need to about how AI sourcing works, and how Loxo AI (the world’s best intelligent sourcing assistant) can you help you source candidates faster and smarter than ever.

What is AI sourcing?

If sourcing is the procurement of names, candidates, and resumes for a specific job, then AI sourcing is the ability to expand, streamline, and automate all of the tedious steps in that process. One of the big advantages of AI sourcing is the ability to refer to hundreds of databases in a short amount of time. AI sourcing will allow you to unearth top talent across hundreds of sources to find the best possible matches for you while you’re setting up meetings, contacting individual candidates, or sleeping. While, traditionally, you might need various departments that take on different roles in the candidate sourcing process--for example an initial team for name procurement, followed by a series of other teams that cover qualification, interviews, and match ability--AI sourcing will automate most of those steps and allow you to focus on the human elements.

How does AI sourcing work?

So how does AI sourcing work? If you’re trying out Loxo AI, the process is as simple as a few easy steps. First, you tell the AI what you’re looking for in the perfect candidate by filling out an easy form.Second, redeem your existing AI credits or purchase credit to complete your request. Once your credits have been registered by the system, Loxo AI will begin its search. Third, get your results. Loxo AI will do all the work by culling together approximately 50 of the best candidates for your role. Within 24 hours of your request, you will receive an email with a list of the 50 candidates.AI sourcing takes advantage of the available databases online, providing you with a much greater candidate pool to refer to when assessing match ability. The only thing the recruiter has to do is make clear the roles and skills that they’re looking for. If the system knows what to look for, it can screen resumes and evaluate candidates quickly and seamlessly.

Why is AI sourcing important?

You get how AI sourcing works now... but why does it really matter? According to a LinkedIn Talent Solutions study, 46% of talent acquisition leaders have found it consistently difficult to attract qualified candidates. Recruiters need to adapt to market changes to stay ahead of the curve in an increasingly saturated market.AI sourcing is one simple but effective way to integrate automation into the recruiting process and help improve important metrics like cost-to-hire, time-to-hire, time-to-fill, quality-of-hire, and so on. AI allows recruiters to focus on engaging and placing top talent instead of mundane tasks. Loxo AI™ is an automated sourcing assistant that identifies and ranks the best possible candidates for your open role. The goal is quality over quantity. Loxo AI helps you source through your database and our proprietary database of over 1/2 billion candidates. This deep machine learning grows with your team to recommend better fit candidates over time the more you use it. Loxo automatically finds the best possible person no matter what source they came from. Forever gone are the days of endless Boolean search strings or applying countless filters. Simply create a job as you would today and let Loxo AI do the work for you! Ready to see the impact AI sourcing could have on your business? Request a demo of Loxo to get started.