45% of recruiters report that AI sourcing candidates help them automate repetitive tasks. Additionally, you can find and source various talents that are hidden from your traditional software.
As the AI recruitment market is projected to reach $890.51 million by 2028, it is the right time to understand and invest in AI sourcing candidate tools.
This is a detailed guide on AI sourcing. It covers how it works, the challenges and solutions, the best AI sourcing tools, and the benefits of using AI in recruitment.
What is AI Sourcing?
AI sourcing allows you to easily find top talent from numerous job portals such as LinkedIn and Indeed. It employs algorithms to quickly filter massive candidate databases based on skills, job needs, and other criteria.
AI sourcing in recruitment automates and enhances the process of finding, evaluating, and hiring potential job candidates. It gives you ample time to spend on other aspects of HR tasks. Besides this, AI sourcing tools enable recruiters to identify passive individuals who are not actively looking for jobs but may be a suitable fit for a post.
How Does AI Candidate Sourcing Work?
AI sourcing candidates tool analyzes large data through automation, scanning resumes, job applications, social media, and online sources to search for top candidates. It filters out the most relevant data to reduce human bias and speed up hiring.
These tools use chatbots to interact with candidates, ask questions, vet them, and schedule interviews. Besides this, AI can predict the success of candidates for a position using historical data and trends. These processes get better with machine learning, increasing accuracy, and targeted sourcing.
AI sourcing tools use these methods to find the top candidate from a vast pool of data:
- Match candidate based on skills
- Filter out suitable candidates by location
- Use keywords to find resumes
- Automatically assess candidate’s education and certifications
- Track out the candidate's prior experience
- Evaluate online professional profiles
- Identifies actively seeking candidates
Top 7 Best AI Recruiting Tools for Sourcing Candidates
AI hiring tools can help recruiters to boost the recruitment process by streamlining the work. It helps HR to find the top candidates for the job role in just a few clicks and avoid repetitive tasks.
The internet is filled with several AI candidate-sourcing tools. This makes it hard for you to find the right one for your organization. Therefore, we have identified 7 best candidates sourcing tools to help you:
1. Skima AI
Skima is an AI-driven talent intelligence platform that allows recruiters to source from 600 million databases. It is the best sourcing tool for recruiters that offers integration with LinkedIn and allows you to source, screen, and outreach to the best candidates.
Features:
These are the features of using Skima AI:
- AI-powered candidate sourcing
- Customizable filters
- AI candidate ranking and matching
- AI resume parsing
- Public job posting
- Integration with ATS and HR platforms
- Global and Local database
Pricing:
| Plans | Monthly | Yearly |
| Free Plan | - | - |
| Starter Plan | $69 | $662 |
| Standard Plan | $299 | $2870 |
| Enterprise Plan | Customizable | Customizable |
2. Fetcher
Fetcher is an AI-powered recruitment tool that streamlines the applicant sourcing and engagement process. It uses powerful machine learning algorithms to find and engage prospects. Further, Fetcher provides integration with tools such as Gmail, HRIS, Greenhouse, Slack, etc.
Features:
Here are the features of this AI sourcing candidates tool:
- Automated candidate sourcing
- Personalized outreach campaigns
- Candidate engagement tracking
- CRM integration
- Analytics and performance reporting
- Candidate database management
Pricing:
| Plans | Monthly | Yearly |
| Amplify | $649 per user | $549 per user |
3. Linkedin Talent Solutions
LinkedIn Talent Solutions is a sourcing tool that uses LinkedIn's vast professional network to assist recruiters in identifying, engaging, and hiring top talent. It uses artificial intelligence to recommend applicants who meet the job requirements and corporate culture.
Features:
Here are the features of this AI sourcing candidates tool:
- AI-driven candidate recommendations
- Advanced search filters
- Collaboration and analytical tool
- Integration with existing recruitment systems
- InMail and job posting features
Pricing: Undisclosed
4. SeekOut
SeekOut is an AI-based recruitment platform that helps to source diverse talent pools. It helps scan through millions of profiles around the web and will find a perfect fit for a certain position. Moreover, SeekOut offers tools for tracking recruitment statistics and gathering workforce insights.
Features:
These are the features of using this AI-sourcing recruiting tool:
- AI-driven candidate search and talent sourcing
- Advanced filters for precise talent identification
- Candidate engagement automation
- Talent insights and competitive intelligence
- Integration with ATS and HR platforms
- Robust reporting and analytics
Pricing: Undisclosed
5. Gem
Gem is an AI-powered recruiting sourcing tool that improves productivity and efficiency in the talent acquisition process. It integrates with 20+ sourcing popular including Greenhouse, Lever, and Workday. Additionally, its email finding helps recruiters reach candidates, boosting responses.
Features:
These are the features of this recruiting sourcing tool:
- Automated sourcing and outreach
- Candidate relationship management tools
- Workflow automation for recruiting teams
- Integration with ATS and CRM systems
- Email and workflow templates
- Interview scheduling
- AI outbound sourcing
Pricing: Undisclosed
6. Rival HR
Entelo is an AI sourcing tool by Rival Recruit that helps find qualified individuals from pre-loaded 700 million candidate databases. Moreover, you can streamline end-to-end hiring from sourcing to onboarding with our AI-enabled talent solution.
Features:
Here are the features of this sourcing platform for recruiters:
- AI-powered candidate search
- Predictive analytics for candidate engagement
- Diversity-focused features
- Built-in data and analytics
- Automated scheduling and messaging
Pricing: Undisclosed
7. SignalHire
SignalHire is a bulk email finder platform that includes an AI-powered applicant sourcing tool. It provides access to candidate profiles, contact information, and social media accounts. Further, it offers integration with Zoho, Loxo, etc.
Features:
These are the following features of this AI sourcing candidates recruiting tool:
- AI-driven talent sourcing
- Advance filters
- Large database of contact information
- Chrome extension
- Verification of contact details
- ATS/CRM integration
Pricing:
| Plans | Monthly | Yearly |
| Free | - | - |
| Emails | $49 | $208 |
| Phones | $49 | $208 |
| Email & Phones | $49 | $208 |
Top 5 Benefits of Using AI in Recruitment
We reviewed multiple sourcing tools, read articles, and consulted HR to identify the top 5 benefits of recruiting tools for sourcing:
1. Speed and Efficiency:
AI sourcing candidates tool speeds up recruitment and cuts sourcing time by 60%. It automates tasks like resume screening, enabling recruiters to focus on interactions.
2. Improved Accuracy and Matching:
AI in sourcing can boost accuracy rates to about 95% by using advanced algorithms to identify candidates that fit jobs well. It matches candidates to job postings based on their experience and qualifications.
3. Reduce Biasness in the Hiring Process:
49% of recruiters believe that AI sourcing tools can help mitigate unconscious bias in hiring decisions. AI sourcing tools use data, not opinions, to enhance diversity and equality in hiring.
4. Access to a Wider Talent Pool:
AI candidate sourcing tools can search diverse online sources like job boards, and social media for passive candidates. Hence, recruiters can access candidates suitable for the opening or looking for change.
5. Cost-Effective:
AI reduces recruitment costs by 40% by automating tasks and streamlining workload. Therefore, allowing recruiters to focus on interacting with top candidates instead of sifting through resumes.
Challenges in AI Candidate Sourcing
AI recruiting tools can be expensive for small businesses or startups. Further, they need a lot of data to function and may include biases in algorithms. Thus, even though they provide several benefits, certain companies may find these hiring tools challenging.
These are the problems that come with using AI in hiring:
Risk of Bias in Algorithms:
Biases in algorithms from biased training data can lead AI to exclude qualified candidates from underrepresented groups.
How to Overcome:
- Use diverse data to prevent bias
- Regularly audit for biases
- Include human oversight
- Follow ethical guidelines for inclusivity and fairness
High Price Range:
AI-based recruitment tools may be too costly for small businesses or start-ups to invest in and maintain, making it challenging for them to use such tools.
How to Overcome:
- Compare ROI to costs
- Choose scalable and flexible tools
- Check for open-source software options
- Test with a free trial of the sourcing tool
Lack of Training:
AI may not always understand resumes, social media profiles, or job descriptions. Thus, leading to missed information or poor matches due to incomplete or unclear data.
How to Overcome:
- Continuously update the AI sourcing tool
- Provide diverse examples for a better understanding
- Improve matching by feedback
- Train your HR team for better results
Integration Complexity:
Integrating AI sourcing tools with existing recruitment systems can be complex for some organizations. Some AI sourcing tools come with advanced features making it difficult to understand.
How to Overcome:
- Select tools that integrate effortlessly
- Use tools with robust API support
- Take customer support for integration
- Take support from customer service
Summary- How AI is Changing Companies Find Candidates?
AI sourcing candidates have changed the recruitment process, making it more efficient, accurate, and candidate-friendly. AI hiring solutions enable recruiters to access a significantly broader talent pool, minimize repetitive processes, and focus on engaging top talent.
To ensure smooth operations, the technology must be properly integrated with existing recruitment software. Furthermore, you cannot rely entirely on these sourcing technologies. As a result, human interaction will always be necessary for making informed decisions.
Frequently Asked Questions
1. How to use AI to Source Candidates?
AI automates candidate searches by analyzing resumes and job postings to match talents to job requirements. As a result, sourcing efficiency is increased through the filtering and ranking of applicants.
2. Can AI Replace Human Recruiters in Sourcing Candidates?
No. AI can help with sourcing but cannot replace human recruiters entirely. Human judgment is required to determine cultural fit and make final employment decisions.
3. How do I choose the right AI Sourcing Candidates Tool?
Select AI technology that offers resume parsing, automated outreach, customized filters, and integration with your existing software.
