For modern businesses, recruiting and retaining talent has become a high stakes endeavor. That’s because many of the world’s advanced economies have been at or near full employment for a number of years, and for the first time in what seems like forever, job seekers – not employers – are the ones holding all the cards. That, in addition to some skills shortages in key industries, is causing businesses of all stripes to have to operate in a near-perpetual state of recruitment that they’re having difficulty adjusting to.
The answer, for many, has been to turn to technology to automate many of the steps involved in the talent acquisition and employee management process. In the last few years, artificial intelligence, specifically, has been making significant inroads into HR departments all over the world and introducing new efficiencies and capabilities that would have been unheard of just a few short years ago. Here’s a look at three ways that AI is transforming HR as we know it.
Improving Recruitment Targeting
With turnover rising and employee tenures shrinking, businesses can’t afford to waste time on potential recruits that aren’t a good fit. The problem, however, is that it’s often difficult for businesses to craft job …