How is Speech Analytics Helping Revolutionise the Hiring Process for Businesses?

Surveys have repeatedly shown that employee churn is a significant problem for businesses. Poor hires result in increased turnover and more time spent hiring, not to mention the negative impact a terrible worker could have on your brand image and the client experience.

The number one strategy for employee happiness, agent retention, and quality in your contact centre are to hire the right people. Businesses attempt to recruit the best prospects from a vast pool of applicants. The HR department frequently has trouble sifting through thousands of resumes or locating individuals with the necessary qualifications for a vacancy.

Powerful speech analytics has become an essential tool in the toolbox of HR and recruiting firms right now. It offers several applications that can assist businesses in the hiring process.

Speech Analytics is Revolutionising the Hiring Process

You might be wondering how speech can impact the hiring criteria? Below are some of the ways that it aids the recruitment process.

Accurately Assesses a candidate’s Employability

The truth is that a person's speech can lend a lot of insight into their character. Speech analytic software can examine speech for characteristics such as tone, intonation, and pace; independent of content and language. Based on specific work needs, these factors can be utilised to create personality profiles. Then from this data, hiring teams can infer a candidate's employability.

Shortening the Recruitment Time

Recruiting takes a long time in most cases. HR departments are bombarded with applications and hours of voice and video interviews. Speech analytics allows you to save a significant amount of time. Analysing speech patterns is a rapid and effective approach to assess candidates.

Teams can screen thousands of applications in minutes and avoid time-consuming video interviews. Employers benefit from speech recognition because it makes recruitment cost-effective and straightforward.

Improving the Candidate's Experience

For most job seekers, the search is a long and gruelling process. Filling out online forms and attending ineffective in-person interviews take up a lot of time. Speech analytics allows candidates to have a more efficient and convenient interview experience.

They need to turn in their audio files to the recruitment team, which will employ speech analytics tools to assess their suitability for the available position. These files can be sent to various arms within the organisation for further deliberation, sparing the candidate from multiple interviews. This saves a significant amount of time and money, as well as improving the overall application experience.

Removing human biases

Prejudices, whether conscious and unconscious, affects everyone. Due to bias or stereotypes, interviewers may recruit the wrong candidate for the position. With the use of speech analytics tools, they can overcome their common human fault. Only the non-content portion of the speech is examined, and the candidates' names are unknown.

As a result, the results are objective and unaffected by appearance, ethnicity, gender, or cultural prejudices.

Limitations of Speech Analytics in Hiring

While the software helps narrow down job prospects, it is not meant to replace final face-to-face interviews. However, speech analysis appears to have the upper hand when it comes to assessing communication abilities.

Other Advantages of Using Speech analytics in a Business

Besides the hiring process, there are other areas that speech analytics solutions can assist a company in achieving its goal. These include:

Accurately Measures Customer Experience

An increasing number of call centres are using speech analytics to assess and improve customer service. Speech analytics software captures information about reasons for calls, emotional subtleties in a customer's voice, and how well agents are meeting a customer's wants and expectations. The information they gather from these interactions allows a company to deliver more satisfactory products and services to their customers.

Reduces Business Costs

Speech analytics software can help a firm improve its bottom line by increasing productivity and lowering costs.

Managers can better analyse the demand for specific items and services, removing those that aren't popular or of high quality from manufacturing. The software allows businesses to outperform their competition by opening up new cost-cutting options.

Assists Monitoring of Call Centre Interactions

Call centre managers may monitor how effectively employees follow scripts and ensure they meet industry requirements using speech analytics software. Call centre speech analytics also increases first-call resolution rates, which helps to lower call volumes during peak times. Call centres benefit from streamlined service quality and greater customer satisfaction.

The Bottom Line

To summarise, voice recognition and analytics software is a powerful tool that may help businesses improve their company performance while also improving the customer experience. The software achieves this by simplifying the hiring process, selecting better candidates and assessing employee interactions with customers.

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