Most HR professionals lack deep knowledge about using AI for talent acquisition. Few (12%) strongly agree that they are knowledgeable about the topic of using AI to enhance the TA function, but another 28% at least moderately agree that they're knowledgeable. In coming years, HR professionals will need to become more knowledgeable in this area as more recruitment-related products and services incorporate AI into them.
Over two-thirds (68%) of HR professionals cite budget a barrier to adopting AI for talent acquisition. However, the true cost of a product hinges on the value it ultimately delivers. At least for now, the business benefits and value delivered by AI are not well understood by most HR professionals. Therefore, it is important for HR professionals to gain a solid understanding of the return on investment of using AI-enhanced talent acquisition technologies.
Although not highly used today, AI's usage is expected to grow very quickly. Just 10% of the participants say they currently use AI to a high or very high degree in talent acquisition. However, over a third (36%) of HR professionals say they expect such high utilization of AI in just two years. Predicting the future is always a risky venture, of course. There are so many uncertain variables that look too far ahead is risky. However, we can see that large proportions of HR professionals expect to see large jumps in usage in the near future.