Through the fast development of artificial intelligence (AI), the landscape of talent acquisition is undergoing a seismic upheaval that is being driven by the growth of AI. In spite of the fact that overcoming the difficulties posed by the epidemic and the Great Resignation was not an easy task, human resource managers are now confronted with a new frontier: merging the need for human talent with the imminent rise of automation. Over half of human resource professionals believe that artificial intelligence will create new positions inside their businesses in the near future, according to a survey that was conducted by SHL, a company that specializes in HR technology and psychometric science.
The convergence of these forces brings up a number of opportunities as well as difficulties. As the use of artificial intelligence and automation becomes more widespread in the workplace, the entire nature of occupations will undergo a transformation. Moving beyond the search for applicants with experience that is precisely fitted to existing roles is something that organizations need to do. Instead, schools should place an emphasis on flexibility and abilities that are able to survive in circumstances that are unpredictable. According to the SHL study’s conclusion, “Our research has pinpointed essential skills that serve as predictors of success across various industries, enabling a more flexible approach to expedite the hiring of top talent.”
In this fast-paced world, what are some ways that human resource professionals may “future-proof” their hiring procedures? There are four primary suggestions included in the SHL report:
1. Unleash the Potential Within: Developing current talent pools is a technique that benefits both parties. In addition to lowering the expenses of employing new personnel, investing in the upskilling and reskilling of existing staff members also helps to build loyalty and retention. You should keep in mind that the talent you are looking for can already be present inside your own firm.
2. Unleash the Power of Assessments: Abandon the attitude that assumes one size fits all. Leverage a varied range of examinations, including cognitive ability tests, personality surveys, skills tests, and even interactive simulations and job-fit evaluations. Utilizing these techniques, one may gain useful insights about the strengths and shortcomings of individuals, as well as their fit for particular tasks.
3. Prioritize the Candidate Experience: During the employment process, a candidate will frequently form their initial image of your organization. Be optimistic about it! Only four out of ten companies still fail to offer applicant feedback, despite the fact that it is an essential component in the process of recruiting top talent. Keep in mind that candidates are people who devote their time and deserve to be transparent.
4. Embrace Agility and Adaptability: Conventional methods of hiring are a prescription for disaster in the modern world, which moves at a breakneck pace. In order to guarantee that your hiring methods are evolving in accordance with the changing demographics, technical improvements, and industry trends, you need continuously analyze these factors.
Adapting to the AI Era is Not Optional
A conclusion that is reached in the paper is that “the hiring practices that an organization adopts are crucial for its success.” The time has come for human resources and business executives to establish a tight strategic relationship in order to guarantee that recruiting choices are both efficient and successful. As the expenses of talent acquisition continue to rise, it is of the utmost importance to do it right. What is the good news? Recognizing the great benefit of recruiting and keeping top people in this age of transformation, the majority of firms are either raising their hiring expenditures or maintaining their current levels.
HR professionals are equipped to manage the AI talent revolution and develop the flexible, adaptive workforce that will drive organizational success in the years to come if they embrace these insights and adopt a strategy that is focused on the future.