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References
Anon, (2018). [online] Available at: http://www.hrreview.co.uk/hr-news/recruitment/it-costs-over-30k-
to-replace-a-staff-member/50677 [Accessed 22 Mar. 2018].
Baldoni, J., 2013. Employee Engagement Does More than Boost Productivity. [Online]
Available at: https://hbr.org/2013/07/employee-engagement-does-more
[Accessed 04 08 2017].
Cable, D. & Judge, T., 1997. Interviewers’ perceptions of person–organization fit and organizational
selection decisions. Journal of Applied Psychology, 82(4), pp. 546-561.
Casserly, M., 2012. Majority Of Americans Would Rather Fire their Boss Than Get A Raise. [Online]
Available at: https://www.forbes.com/sites/meghancasserly/2012/10/17/majority-of-americans-
would-rather-fire-their-boss-than-get-a-raise/#5dd475176610
[Accessed 09 06 2017].
“In hiring, Algorithms beat instinct.” Harvard Business Review, May 2014, Nathan Kuncel, Deniz
Ones, and David Klieger.
Chatman, J. A., Caldwell, D. F., O'Reilly, C. A. & Doerr, B., 2014. Parsing organizational culture:
How the norm for adaptability influences the relationship between culture consensus and financial](https://image.slidesharecdn.com/aipresentationrev1-180519090845/85/How-AI-can-help-the-recruitment-industry-31-320.jpg)
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How AI can help the recruitment industry
The recruitment industry is facing significant challenges, with a high dissatisfaction rate among millennials prompting anticipated job changes by 2020. Companies are encouraged to adopt data-driven strategies and AI tools to improve hiring efficiency and candidate fit, as algorithms outperform human intuition in candidate selection. Ultimately, enhancing employee engagement and reducing bad hires can lead to substantial productivity and profitability improvements.
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How AI can help the recruitment industry
- 1. Is recruitment industry ripefor disruption?
- 2. www.macawly.com Copyright © 2018Macawly. All Rights Reserved. 2
- 3. www.macawly.com Copyright © 2018Macawly. All Rights Reserved. 3
- 4. www.macawly.com Copyright © 2018Macawly. All Rights Reserved. 4
- 5. www.macawly.com Copyright © 2018Macawly. All Rights Reserved. 5 66% of Millennials anticipate to leave their jobs by 2020
- 6. www.macawly.com Copyright © 2018Macawly. All Rights Reserved. 6
- 7. www.macawly.com Copyright © 2018Macawly. All Rights Reserved. 7 BAD HIRE
- 8. www.macawly.com Copyright © 2018Macawly. All Rights Reserved. 8 £2.2bn
- 9. www.macawly.com Copyright © 2018Macawly. All Rights Reserved. 9 Crazy AI Can I help?
- 10. www.macawly.com Copyright © 2018Macawly. All Rights Reserved. 10 SOURCING
- 11. www.macawly.com Copyright © 2018Macawly. All Rights Reserved. 11 SOURCING Identifying the right pool of candidates Shortlisting the best candidates Scanning the social media Engaging and screening candidates Identifying candidates who are 30% more likely to change jobs within 90 days
- 12. www.macawly.com Copyright © 2018Macawly. All Rights Reserved. 12 SOURCING
- 13. www.macawly.com Copyright © 2018Macawly. All Rights Reserved. 13 SOURCING
- 14. www.macawly.com Copyright © 2018Macawly. All Rights Reserved. 14 SAVING TIME INCREASING ENGAGEMENT
- 15. www.macawly.com Copyright © 2018Macawly. All Rights Reserved. 15 GOOD HIRE Happy employees are 12% more productive Highly engagement business units are 21% more profitable than their peers
- 16. www.macawly.com Copyright © 2018Macawly. All Rights Reserved. 16 BAD HIRE
- 17. www.macawly.com Copyright © 2018Macawly. All Rights Reserved. 17 PROBLEM ‘I don’t like the company culture’ one of the top reasons of leaving work 89% of the time employees fail due to their poor attitude rather than skill, including: • Coachability • Motivation • Temperament (Murphy, 2012) (Korn Ferry, 2017).
- 18. www.macawly.com Copyright © 2018Macawly. All Rights Reserved. 18
- 19. www.macawly.com Copyright © 2018Macawly. All Rights Reserved. 19
- 20. www.macawly.com Copyright © 2018Macawly. All Rights Reserved. 20
- 21. www.macawly.com Copyright © 2018Macawly. All Rights Reserved. 21 BIAS = DEATH FOR DIVERSITY
- 22. www.macawly.com Copyright © 2018Macawly. All Rights Reserved. 22 How do we find the right candidate?
- 23. www.macawly.com Copyright © 2018Macawly. All Rights Reserved. 23 In hiring, algorithms beat instinct… By 25% on average!
- 24. www.macawly.com Copyright © 2018Macawly. All Rights Reserved. 24 52% of Talent Acquisition leaders say the hardest part of recruitment is screening candidates from a large applicant pool
- 25. www.macawly.com Copyright © 2018Macawly. All Rights Reserved. 25 • Quality of hire measurement • Structured interviews • Diversity and inclusion-friendly • Quick and data-driven decision making
- 26. www.macawly.com Copyright © 2018Macawly. All Rights Reserved. 26 How can I add value to AI growth? Access to data
- 27. www.macawly.com Copyright © 2018Macawly. All Rights Reserved. 27 £2.2bn
- 28. www.macawly.com Copyright © 2018Macawly. All Rights Reserved. 28 Theory of planned behaviour The performance of a behaviour is determined by the individual’s intention to engage in it Martin Fishbein
- 29. www.macawly.com Copyright © 2018Macawly. All Rights Reserved. 29 Should I use AI? Companies that use AI are 30% more profitable compared to those that don’t use these tools.
- 30. www.macawly.com Copyright © 2018Macawly. All Rights Reserved. 30 Creating a platform that helps businesses to build a passionate workforce by leverage technology and data
- 31. www.macawly.com Copyright © 2018Macawly. All Rights Reserved. 31 X References Anon, (2018). [online] Available at: http://www.hrreview.co.uk/hr-news/recruitment/it-costs-over-30k- to-replace-a-staff-member/50677 [Accessed 22 Mar. 2018]. Baldoni, J., 2013. Employee Engagement Does More than Boost Productivity. [Online] Available at: https://hbr.org/2013/07/employee-engagement-does-more [Accessed 04 08 2017]. Cable, D. & Judge, T., 1997. Interviewers’ perceptions of person–organization fit and organizational selection decisions. Journal of Applied Psychology, 82(4), pp. 546-561. Casserly, M., 2012. Majority Of Americans Would Rather Fire their Boss Than Get A Raise. [Online] Available at: https://www.forbes.com/sites/meghancasserly/2012/10/17/majority-of-americans- would-rather-fire-their-boss-than-get-a-raise/#5dd475176610 [Accessed 09 06 2017]. “In hiring, Algorithms beat instinct.” Harvard Business Review, May 2014, Nathan Kuncel, Deniz Ones, and David Klieger. Chatman, J. A., Caldwell, D. F., O'Reilly, C. A. & Doerr, B., 2014. Parsing organizational culture: How the norm for adaptability influences the relationship between culture consensus and financial
Editor's Notes
- #2 A startup set up by Michal Wisniewski straight after finishing the University in October 2018. The essence of the business is based on research conducted by Michal when he was at the University. Since October Michal managed to build a core team of 2 people, work with multiple web developers, enroll on Accelerate Me accelerator and Innovation Optimiser hosted by UMIP. Macawly is currently a revenue generating business looking for further investment to support its web development
- #3 A startup set up by Michal Wisniewski straight after finishing the University in October 2018. The essence of the business is based on research conducted by Michal when he was at the University. Since October Michal managed to build a core team of 2 people, work with multiple web developers, enroll on Accelerate Me accelerator and Innovation Optimiser hosted by UMIP. Macawly is currently a revenue generating business looking for further investment to support its web development
- #6 Currently we are experiencing a generartional change
- #21 Say no to candidates with no validf reason whatsoever
- #26 Natural language processing
- #29 There is so much psychology theory and various methods of scientific recruitment whcihc were never implemented in the real-world. Now we have the tools (AI) to integrte it and compare the results using big data
- #31 shorter
- #32 shorter