The most critical aspect to business success has always been hiring the best and the right talent Any great organization is not made of the latest machines but of great people. But unfortunately, talent acquisition is not as easy as it may sound.
Most organizations might think that their hiring practices are pretty fair. Nevertheless, unconscious bias can ruin formal procedures to increase diversity. Increasing diversity directly impacts your bottom line. Companies with such diversity experience more profits than non-diverse competitors.
Artificial intelligence for unconscious bias
All humans hold some degree of unconscious bias towards gender, race, education, wealth, age, appearance and many other features. Such subconscious bias can be hard to detect. Although unconscious bias training may aid in a little way, it cannot eliminate it entirely. This is where artificial intelligence (AI) comes to your aid.
Let Artificial intelligence be your subconscious brain
AI can help recruiters to reduce bias and it can be effective in screening the candidates purely based on their abilities. It can also identify patterns which are harming diversity during the hiring processes. such use requires more than the resume of a candidate. When selecting the best person for the job, you need to take into consideration all of their experience, skills, and also their potential.
Complete data helps you eliminate the effects of unconscious bias
Certainly, incomplete information on a candidate can impact not just your AI’s efficiency but also your entire recruitment process, which in turn be could be impacted by unconscious bias. You might think that you are careful to avoid decision making based on race, gender, or any other common prejudice. But think about confirmation bias, affinity bias, past performance bias, and education bias. It is sounding an alarm? Or has been overlooked?
So, to eliminate unconscious bias entirely, you’ll need to ensure your AI has current data which includes their competencies, skills, ambitions, experience, volunteer work, client relationships and so on.
Other benefits of linking AI with recruitment
AI is capable of predicting how successful a candidate might be in a certain role, AI is capable of analyzing the candidate’s skills, and estimating his or her cultural fit and other role-specific criteria, to comprehend who would be best suited for a particular job.
AI has an impact on the hiring process right from the first step which is creating the job ads. It can be programmed to use natural language processing to predict which job descriptions can possibly be biased. It is also capable of analyzing competitors’ job posts and give recruiters a standard for diverse job applications. Likewise, it can search into hundreds of previous job posts, to figure out what attracts the most applicants. This in effect helps the recruiters to create the perfect job ad.
There are plenty of tools available which can automate most of the recruitment process. AI can schedule send emails, meetings, onboard new recruits, and via a chatbot service answer questions from the candidate. In other words, AI can free up the time of a recruiter by taking over such mundane tasks.
Getting talent acquisition ready for AI
Most AI tools available to recruiters are very convenient to use. With the right amount of data AI can provide greater insights and accomplish a lot. Surely you will find that it is worth understanding how an AI tool will integrate with the rest of your tech mound. Also, find out if the new members of your team would require additional skills or training to use this technology. Soon you will realize that your investment is worth the while.
Certain teams fear that AI will take their jobs. On the contrary, most of the AI is used to simply enhance their knowledge. In other words, it is just an extension of their brain, not a supplement. It makes your jobs easier and more strategic.
Across all departments, AI technology is impacting all businesses. Talent acquisition is one aspect. By using AI correctly you are in fact making thoughtful decisions in achieving right staffing solutions.
I am an Entrepreneur and Angel Investor. Board Member of TiE SoCal Angels Fund, and CEO @ Optizm Global, the executive search firm. We are a Right Fit Recruitment & Placement Agency.
I’m the Co-Founder of “StartupSteroid” the platform to connect founders with investors.
As an Angel Investor I look for Business Plan, Cashflow, Core Team, Board of Advisors, Secure IP, Quality Investors, Monetization Models, USP, Scalability, Strong Returns, Growth Market, and Board Role.