As the sophistication of AI grows, many worry about unforeseen challenges, especially as companies and employees adopt AI tools to support their jobs. The AI market is also growing rapidly, with research firms forecasting a CAGR of 21.6% (2023-30) and 6.8% CAGR (2022-29). Over 91% of HR and TA leaders said that they were either using AI for recruiting or were planning to use it. AI recruiting platforms bring a host of benefits from taking over repetitive tasks and screening candidates to mitigating candidate fraud that make recruiters’ lives easier.
With increasing adoption, growing sophistication, and legal concerns, companies must implement AI recruiting policies to mitigate risks.
The AI recruitment space is rapidly evolving, but still in a state of flux . Companies can use the guidelines below as a base on which to establish equitable and unbiased recruiting procedures:
It’s imperative for companies who have adopted or are planning to adopt AI based recruiting tools and systems to implement a comprehensive set of AI recruiting policies to monitor and regulate the use of AI. These policies ensure that AI is used in the recruiting process as a means of aiding recruiters and hiring managers to find and hire the best talent.
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Did you know that 76% of HR leaders surveyed in 2024 believe their organizations will fall behind competitors if they don’t adopt AI tools within the next two years? This trend is particularly apparent in human resource functions. A January 2024 Gartner survey found that 38% of HR leaders explicitly look into AI for recruitment. […]
The job market is undergoing a paradigm shift that prioritizes diversity and inclusion in recruitment strategies. This change reflects a growing desire for more equitable workplaces. AI diversity recruiting can expedite this transformation by helping companies mitigate unconscious biases in job descriptions, resume screening, and candidate evaluations. Companies can create a hiring process incorporating various […]
The quest for top talent is ever more intense, especially in areas like technology. This talent shortage combined with the escalating costs of hiring has led many companies to use artificial intelligence (AI) to make their recruitment strategy more efficient. AI-driven assessments and algorithms are transforming talent acquisition by automatically verifying candidates. In this blog, […]