company hire
Artificial intelligence is changing the way companies hire: Korn Ferry survey
NEW DELHI: 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." 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.
Machine learning helps large companies hire better, potentially cutting turnover
You might say the folks at Ideal were victims of their own success. Co-founders Somen Mondal and Shaun Ricci's latest company grew from a challenge they faced in their first venture, inspection and safety compliance management programs. "We started the first company, Field ID, as two people working out of an attic, and grew to the point we were hiring two salespeople a week," Ideal CEO Mondal says. "We had all the classic HR nightmares: we would hire with bias and ignore résumé details. We had terrible recruiter efficiency and bad quality hires. It was so bad we knew that one of every two hires we made would likely be fired."