Artificial Intelligence in Your Workplace
With the rise of technology, artificial intelligence (AI) is changing the way people interact in their daily lives, including in the workplace. Although many might be skeptical about this new technology, AI can be beneficial if you are a recruiter, a manager, or someone looking for a job. Companies such as Google, Facebook, Microsoft, and Unilever have all invested heavily in developing their own AI systems.
What Is Artificial Intelligence?
According to Technopedia, AI is an area of computer science that emphasises time creation of intelligent machines that work and react like human.
How Is AI Present in the Recruiting Process and Your Workplace?
It has become more common that recruiters rely on the different AI systems in order to speed up the hiring process by searching for potential candidates and selecting the best ones that will benefit the company the most. Some companies have relied on AI for over 50% of their hiring process. Furthermore, managers can also make use of AI technology to calculate the employee’s risk of quitting, track the activities of its employees, identify employee moods, and geolocate their employees while on the clock.
The Impact of AI
AI is not killing jobs but allowing recruiters and managers become more efficient. As a result of AI in the workplace, turnover has decreased by 30%, performance has increased by 20%, and the revenue of employees has increased by 4%. Also, recruiters have stated that the most difficult and time consuming task of their job is screening, with AI recruiters have reduced their screening time by 75%.
Finally, AI can have some constraints such as data privacy, lack of human touch, skepticism on new technology, and micromanaging of employees. However, these are issues that can be controlled through the managers and recruiters professional ethics.