Artificial intelligence is changing the way companies hire: Korn Ferry survey

Feb 9, 2018 | 2256 Views

Nearly two-thirds (64%) of APAC respondents say Artificial Intelligence (AI) has changed the way recruiting is done in their organization, with 76% saying using AI as a sourcing tool generates higher-quality candidates. These are the findings of a global Korn Ferry survey of close to 800 talent acquisition talent professionals. 

According to a company release, "When asked to compare the quality of candidates today to five years ago, when AI was still in its infancy, 65% said candidates are more qualified today." 56% agree more roles are filled through internal candidates compared to external candidates, which demonstrates a growing focus on home grown talent. Previous training on the company's protocols and procedure, as well as the understanding of the company's culture, puts internal candidates ahead of the game when coming up to speed in learning a new role in a new division or geography, states the release. 

According to the survey, talent acquisition professionals are welcoming AI as a tool. Half (51 percent) say big data and AI are making their roles easier, with 40 percent saying the top way it helps is providing valuable insights, and 34 percent saying it has freed up their time. Of the 14 percent of respondents who say AI has made their jobs more difficult, the majority say they have too much data and they don't know what to do with it. 

"AI helps us dramatically enhance outcomes by reducing the time spent on sifting through large numbers of candidate CVs to find those best matched for a particular position," said Pip Eastman, Korn Ferry Managing Director APAC Regional Solutions. "This is particularly true in emerging markets where there are many potential candidates, but niche skills are in short supply. Looking ahead we'll see more leaders finding ways to reskill and promote existing employees."According to the survey, talent acquisition professionals are welcoming AI as a tool. Half (51 percent) say big data and AI are making their roles easier.

Source: ET