There has lately been an increase of chatted about robots and more generally Artificial Intelligence (AI) taking over the world of business.
FIRSTLY WHAT IS AI OR ARTIFICIAL INTELLIGENCE?
Artificial Intelligence is the science on how to make machines that can think for themselves. This technology gives machines power to think like human and mimic human capabilities, providing them with the ability to think, learn and decide so that they can work smartly in various situations. Increasingly, machines have been able to learn and improve their own performance to produce results that were up until recently believed to be only possible to obtain using human intelligence and social experience.
WILL AI TAKE OVER RECRUITMENT?
AI is changing the world of recruiting by automating the way recruiters find and hire potential candidates. This technology offers tremendous capabilities to boost the traditional recruitment process. The introduction of virtual assistance makes the complex and sometimes tedious recruitment process simple and quick, assisting with interviews and analysing the capabilities of potential candidates.
This bids the question of whether or not AI will eventually take over recruitment entirely. The answer is that this is unlikely to happen. Roles that require people to think on their feet and come up with creative solutions, or occupations involving tasks that require a high degree of social intelligence and negotiation skills are considerably less at risk of AI taking over their position.
Recruitment as a profession is therefore not directly at risk however, as AI becomes more integrated into companies other roles may very well cease to exist, causing a decrease in jobs to recruit for.
A report done by Deloitte in the UK estimated that in the next twenty years low paid, unskilled and repetitive jobs will be 5x more likely to be taken over by AI algorithms.
On the other hand technical advances don’t just destroy jobs, but also create entirely new jobs. Ten years ago no one had ever heard of a Digital Risk Officer or a Social Media Analyst but as technology changes so too does the work force. As some roles vanish, new ones will appear making it a matter of adaption rather than extinction.
HOW AI CAN BENEFIT RECRUITMENT
- Quality Hiring: One of the most tedious jobs for recruiters is selecting the right candidate from a large pool of job applicants. Thankfully with the help of Artificial Intelligence applications can be filtered through and candidates with the highest potential can be ranked to the top of the list. This technology can also gather and assess the data of each candidate and create proper insights in less time.
- An increase of Analytics: Through the creation of candidate’s insights, recruiters are able to identify the skill of potential candidates and optimize the positions they are placed in to ensure that their skills and talents are maximized. This boosts business productivity and candidate’s motivations.
- Saves Time: AI makes the process of sifting through applications faster by selecting candidates that match the given specs.
- Finding the right Fit – Through the help of AI the right candidates are selected and placed into positions tailered to maximise their talents. This insure that both companies and their employees have a mutually beneficial arrangement thus decreasing staff turnover.
PREPARING FOR CHANGE
There has always been a fear of technology and what is might do to the work force and this technological revolution is no different, although the changes it has is perhaps moving at a greater speed it still entailing the same risks and opportunities. If we educate ourselves, understand the challenges and adapt the risks can be mitigated. Now is the time to take advantage of the opportunities AI has to offer.
As wonderfully put by Alice Weightman of Hansen Search: “There’s an art to recruitment. It’s not just about matching candidates to jobs – if that was the case the consultancy sector would have died out a long time ago. It’s about being able to accurately read a given situation to see what a client really needs, even if they don’t see it themselves yet. It’s about being able to build relationships that allow you to carefully calibrate all stages of the recruitment process to ensure the right result for all parties.”