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How Artificial Intelligence Helps Humans Find the Best Talent

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Did you know our ability to make decisions changes through the day? See how artificial intelligence can help recruiters make their best decisions, consistently.


Learn Why Four Industry-Leading Companies Are Assessing Their Candidates With AI: http://hir.vu/2hE69Ru

Published in: Recruiting & HR
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How Artificial Intelligence Helps Humans Find the Best Talent

  1. 1. HOW ARTIFICIAL INTELLIGENCE HELPS HUMANS FIND THE BEST TALENT
  2. 2. THE HUMAN ELEMENT According to the Talent Board, 75% of employers are using some sort of pre-hire assessment—and for good reason.
  3. 3. A research study, performed by Aptitude Research Partners, revealed that companies investing in pre-hire assessments: Experience a 4X improvement in new hire quality Are 3X more likely to reduce employee turnover
  4. 4. HOWEVER, TOP TALENT IS OFF THE MARKET INCREDIBLY QUICKLY—TRADITIONAL ASSESSMENTS ARE TOO MANUAL AND TIME-CONSUMING FOR THE MODERN CANDIDATE. A TRADITIONAL ASSESSMENT COULD BE HINDERING YOUR ABILITY TO ATTRACT AND HIRE THE BEST TALENT FOR YOUR BUSINESS.
  5. 5. ENTER ARTIFICIAL INTELLIGENCE (AI). AI IS NOT ONLY FAST (SO YOU DON’T MISS OUT ON YOUR BEST CANDIDATES), IT IS ALSO OBJECTIVE AND CONSISTENT.
  6. 6. FOR EXAMPLE, YOUR SCREENING AND HIRING DECISIONS ARE LIKELY IMPACTED BY THE TIME OF DAY YOU MAKE THEM.
  7. 7. According to a recent study, there was a stark difference between decisions made in the morning and evening: Decision-making in the morning tends to be slower, but more accurate. Decisions made closer to night are made more quickly, but less accurately.
  8. 8. THE COST OF A BAD HIRE When it comes to hiring, you need both speed and accuracy. When hiring managers rely on outdated methods to make their decisions they increase the likelihood of ending up with a bad hire.
  9. 9. ACCORDING TO THE US DEPARTMENT OF LABOR, THE COST OF A BAD HIRE IS AT LEAST 30% OF THEIR FIRST YEAR EARNINGS For an entry leve role making $35,000 a year, that’s $10,500 $10,500
  10. 10. THAT DOESN’T INCLUDE THE COST OF THEIR INEVITABLE TURNOVER, WHICH CAN BE MORE THAN 50% OF THEIR ANNUAL SALARY For the same entry level role, that’s at least $17,500. $17,500
  11. 11. If they leave after their first year on the job, a single bad hire will conservatively cost your organization $28,000 in lost productivity and additional recruiter manhours. $28,000
  12. 12. This is why artificial intelligence is so useful. Computers are consistent. They don’t have bad days. They don’t get tired. They’re the perfect partner for making screening decisions. THE ARTIFICIAL INTELLIGENCE SOLUTION
  13. 13. With AI, you can predict: 30% upsell increase Performance 50% reduction in safety violations Safety Violations 76% increase in tenure Turnover
  14. 14. “AI WILL ONLY MAKE JOBS BETTER, SO LONG AS YOU LEARN TO USE THE TOOL. “- Josh Bersin
  15. 15. LEARN WHY FOUR INDUSTRY-LEADING COMPANIES ARE ASSESSING THEIR CANDIDATES WITH AI www.hirevue.com Get Your Free eBook

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