In this competitive talent market, a good candidate experience is your key to attract top talent. It starts from the moment the candidate clicks on your job posting. As per Glassdoor, 80% of candidates don’t submit their applications after starting; the numbers are even higher for startups. Complicated job application processes and no feedback to candidates are common reasons for such high drop rates. Wouldn’t it be great if something human-like were available 24* 7 to address your candidates’ common concerns?
Chatbots are increasingly being used in the application process to reduce the application drop rates. Post-Covid, with remote hiring becoming commonplace, you definitely can’t miss using this digital tool to stay connected with your candidates. The big question is, Can I afford it? Top-of-the-line Chatbot systems still cost upwards of $50k per year.
With considerable improvements in the underlying AI Technology, chatbot’s cost has gone down drastically, making them affordable to early-stage startups. Furthermore, it’s now becoming easier to integrate them with the employer’s existing recruitment workflow.
What can chatbot do for you –
Chatbots can help automate, structure, and streamline your recruitment process through conversational interface platforms powered by AI and NLP.
According to Juniper Research survey – ‘Chatbots will be responsible for cost savings of over $8 billion per annum by 2022.’
The two way 24 * 7 virtual communication provides candidates with instant answers to common questions and navigates them smoothly in their application journey. As per Allegis’s survey, 58% of job seekers are comfortable interacting with chatbots to answer initial questions. This virtual assistance at every point helps candidates to complete the application process and reduce dropouts. Chatbots understand a candidate’s question and respond with the most relevant information.
As per a CareerBuilder survey, 75% of applicants never hear back from the company, ultimately leaving candidates with a negative feeling about the company. You don’t want to be on that list. Chatbots can serve as a solution to respond to every application received. They can provide automated updates on application status to candidates to keep them engaged and increase your brand value as responsive startups. The automation through chatbots can lower your cost and time to hire and give you more time to build quality relationships with candidates.
With the rapid advancement of AI technology, chatbots can engage hundreds of candidates at once in real-time. Do think about revolutionizing your hiring process with this excellent tech tool, which is affordable now, even for startups.
Are you looking for an affordable recruitment chatbot solution for your startup? Amwi.ai’s Digital AI recruiter comes with an integrated AI Chatbot that behaves exactly like a human recruiter. Built using state-of-the-art NLU technology, it can answer questions from candidates, even the completely unstructured ones. Best of all, It’s FREE to use and comes with all the Amwi product plans. Go ahead and Sign-up to Amwi and reduce your application drop rate.