The Real Impact of Artificial Intelligence on Talent Acquisition
Acquire the Right Talent
The U.S. unemployment rate remained at a 50-year low of 3.6% in May 2019, while nonfarm payrolls that month increased by 75,000. The expected jobs growth for May was 180,000 marking a noted slowdown.1 In spite of this small growth, the number of open roles is still staggering with most recruiters facing overwhelming lists of job reqs. In addition, many employers are imparting steep requirements on select roles such as ensuring they align with company goals and weighing heavily on such values as diversity.
All of that, combined with the ever-increasing pressure to decrease time-to-fill puts recruiters in more than a tight spot. To help combat this, an ever-increasing number of those in talent acquisition (TA) are integrating some form of artificial intelligence (AI) within their recruiting strategy.