Global Talent #6
This is it – AI is Finally Going to Kill the CV, but Will Human-Centric Tech Be the Answer?
This is it – AI is Finally Going to Kill the CV
Hung Lee | This Week in Recruiting | September 2, 2024
The traditional CV is facing an existential threat from the rapid advancement of AI, a concept explored in this essay by my friend Hung Lee of Recruiting Brainfood fame. One of the most significant shifts is the rise of AI-powered candidate summaries, where sophisticated algorithms can quickly analyze vast amounts of data from a candidate's profile, including their CV, social media presence, and online portfolio. Moreover, AI-generated applications tailored to specific job descriptions are becoming increasingly common. Research from Arctic Shores in 2023 showed that 72% of Gen Z and Gen Alpha were already using AI for job applications, and this figure will easily surpass 90% in 2024. This surge of AI use is already resulting in a flood of generic and uninformative submissions, overwhelming recruiters and making it harder to identify truly qualified candidates—akin to a DDoS attack on hiring processes. To address this, experts suggest a shift towards more personalized and community-based hiring models.
Can Japan Break Free from Its Overwork Culture with Four-Day Workweeks?
Yuri Kageyama | ABC News | August 31, 2024
Japan, renowned for its work-intensive culture, is facing a labor shortage. The Japanese government is now promoting four-day workweeks to address the problem. This initiative represents a stark departure from Japan's traditional work culture, where long hours and a sense of duty to one's company often take precedence over personal well-being. The government's support for shorter workweeks aims to address the issue of "karoshi" - death from overwork. While the concept has gained some traction, it faces challenges due to societal expectations and resistance from businesses. Despite government support, many companies struggle to implement flexible work arrangements. The initiative aims to improve work-life balance, attract more people to the workforce, and address Japan's declining birth rate.
How Can Companies Leverage AI without Losing Top Talent?
Brian Westfall | Capterra | September 10, 2024
The integration of AI into recruiting processes has become increasingly prevalent, offering potential benefits such as efficiency and objectivity. Survey data reveals that 62% of job seekers believe they have a better chance of being hired if AI is used in recruiting and hiring processes, and 70% feel AI is generally less biased than humans when evaluating candidates. However, 38% of job seekers report they are likely to turn down a job offer if the recruiting process relies too heavily on AI. This highlights the need for a careful balance—implementing AI gradually in less invasive areas and maintaining transparency about its usage can help prevent alienating top talent while still leveraging AI's strengths. A human-centered approach remains crucial, even in the age of automation.
Gig Workers Get a Boost As New Singapore Law Recognizes Their Unique Status
Kok Yufeng | The Straits Times | September 11, 2024
Singapore has taken a significant step towards protecting gig workers’ rights with the passage of the Platform Workers Bill, a groundbreaking legislation that recognizes ride-hail and delivery drivers as a distinct legal category, granting them greater labor protections. Key provisions of the new bill include higher CPF contributions, standardized work injury compensation, and the formation of platform work associations. These associations will also empower gig workers to negotiate with operators and advocate for their rights. The law marks a significant milestone in Singapore's efforts to address the challenges faced by gig workers in the rapidly evolving digital economy.
Why A Human-Centric Approach to Technology Will Eventually Be The Future of Talent Acquisition
Chris Hoyt | Forbes | September 11, 2024
While technology has streamlined many processes in talent acquisition, it's increasingly evident that a purely technological approach falls short. The human element, with its nuanced understanding of interpersonal dynamics, cultural nuances, and ethical considerations, remains indispensable. A successful talent acquisition strategy requires a delicate balance between technological efficiency and human empathy. Technology can automate routine tasks, analyze vast datasets, and provide data-driven insights but it's the human touch that can foster meaningful connections with candidates, understand their aspirations and motivations, and ensure a positive candidate experience. Change management is also essential for successful technology adoption.
