Skills-based Hiring and AI: Future of Talent Acquisition
Posted on 09-20-2024, Read Time: 4 Min
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For decades, human resources teams have used college degrees and professional experience as a proxy for skills in hiring new employees for their organization.
As companies look to hire relevant talent for the future and strive to increase the effectiveness of their hiring process, there has been a surge in the adoption of skills-based hiring.
Nearly three-fourths of employers say they used some form of skills-based hiring last year, up 56 percent from 2022, according to a recent survey.
However, while most HR professionals have heard of a skills-based approach to hiring, they may not know how to assess whether it is a good fit for their organization or how they can get started.
That was about skills-based hiring. Now, a bit about AI in hiring.
Integration of AI tools is no longer a futuristic concept but a present reality when organizations are looking to recruit. While many industries are just beginning to explore AI, HR professionals have been utilizing aspects of AI technology in recruiting efforts for years.
However, recent advancements from traditional machine learning models to large language models (LLM) have pushed the boundaries of what is possible in recruiting.
The jobs market remains heavily competitive, with companies across all business verticals looking to staffing firms to help optimize the hiring pipeline. However, there are many risks that staffing companies face to preserve their positive reputation, in the eyes of clients and job seekers alike.
From maintaining strong communication with partner businesses to staying aligned with company culture and skill set needs to adhere to cyber and data protection best practices when handling sensitive information, risks abound day to day that need to be proactively mitigated.
This month we delve into how organizations can implement skills-based hiring in a way that feels manageable and is tailored to their organization’s needs. We also discuss the latest trends in talent acquisition and provide insights into how AI is reshaping the recruitment industry, along with strategies for staffing firms to maintain their positive reputation.
Happy Reading!
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