• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

Cornerstone International Group

Executive Search Firm

About Cornerstone

About Cornerstone

The Cornerstone Edge

AESC

Leadership Team

Diversity, Equity, & Inclusion

Become a Partner

Play Video

Get to know Cornerstone

Retained Executive Search

Discover

Retained Executive Search

Assessments

Specializations

Consumer / FMCG

Industrial

Non-Profit

Finance & Private Equity

Life Science & Health

More...

Find an Office

North America

Latin America

Europe / Middle East

Asia

 Find an Office

 Find a Search Consultant

Coaching / Leadership Dev

Discover

Executive Coaching Services

Leadership Development

Board & CEO Advisory Services

Assessments

Find a Coach

News / Blog

News & Blog Posts

National Outlooks

Videos

Surveys

Press Releases

Popular Blog Topics

COVID-19

diversity

leadership development

Healthcare

executive search

executive coaching

women in business

Life Science

neuroscience

vitality quotient

Latest Blog Post

Asia’s Fast-Growing EV Market Will Disrupt Automotive Industry Recruitment

June 2, 2022
Contact
Blog Will AI Take Over Recruiting?
Sep 06

Will AI Take Over Recruiting?

Cornerstone International Group

In many ways, yes. But that’s a GOOD thing.”

If you are one of the 16 million people who watched the season finale of Game of Thrones, you have a year to wait before finding out if the zombies take over Westeros.

If your nightmares are about little green robots taking over the workspace, you have about 45 years to wait. According to Oxford University, there is a 50% chance that by then, AI will be better than humans at most everything. Unless it’s not.

before AI there was Eniac
Before there was AI there was Eniac – 17,468 vacuum tubes, 5 million soldered joints, weighed 30 tons and stored 20 10-digit numbers.

The trouble with predictions of AI supremacy is that they used that number, 45, back in 1956 when the first demonstration of Artificial Intelligence is claimed to have taken place. Here we are actually 61 years out and we still have to go to Mars the hard way and a human is still stitching the leather on a Jaguar steering wheel.

So take some advice from Raghav Singh. Relax.

Singh is a que sera sera guy with a difference. When it comes to AI, he doesn’t think what will be will be that threatening. He’s the robotophobic’s best friend.

Singh has developed multiple software products and held senior positions at several recruiting technology vendors. He also writes for ERE Media and is notable for being able to explain AI in positive and even welcoming terms. No scary stuff here.

For a suspiciously large percentage of people, Artificial Intelligence is going to take over the working world and put the last human recruiter in his/her grave. But, after millions of words, has it happened yet?

Humans ahead 5:1

Raghav acknowledges there were 50,000 robots added in the automotive sector between 2010 and 2016. He also says employment in the industry increased during that time by 250,000.

And there, he says, is the common mistake made in understanding the impact of AI. It’s not destined to replace people in the workplace as much as dramatically increase their productivity.

What AI does principally is pattern recognition. It is most useful where people output is inconsistent or unreliable (as from tedious tasks) and there are large amounts of usable data.

AI is all about machine learning. Given time and sufficient data, the machine can learn to make better decisions than humans.

Robots make better buy decisions

BlackRock, the world largest asset manager with $5.1 trillion in total assets, this year moved to robots which analyze vast amounts of data and make better buy and sell decisions than humans.

So the fears of the recruiting industry that there soon will be no-one to recruit are just that. What we will see is a machine using data from humans to refine algorithms until it can outperform a human’s response to varying situations. The more data, the more capable it becomes.

The impact on the recruiting industry, according to Singh, will be positive. Selection is often the most unpredictable part of recruitment. Inconsistent use of assessments and poorly structured interviews often lead to inferior candidates at the top of the list.

AI will make the recruiting process more productive by creating candidate pools faster and narrowing those down to a small group of most likely candidates.

But AI is unlikely going to replace an experienced recruiter. The potential of AI at this point is to help get more hires and better hires in less time.

It will be able to identify characteristics to be pursued but since no-one is going to talk to a machine, it will still take that wise and experienced recruiter, in person, to make the final decision.

For more information on AI in recruiting, read Raghav Singh in ERE Media

FREE ebook - Retained Search vs. Contingency

18
SHARES
LinkedinFacebookTweetShareEmailPrint

Filed Under: Blog, Recruiting

Reader Interactions

Leave a Reply Cancel reply

Primary Sidebar

  • News
    • Blog
    • National Outlooks
    • Press Releases
    • Newsletters
    • Surveys
    • Articles of Interest
    • Whitepapers
    • Videos

Get Latest Posts and Stay Informed

Our thought leaders share their industry knowledge and expertise.
  • This field is for validation purposes and should be left unchanged.

Recent News

  • PRESS RELEASE: Cornerstone International Group Recognized as a Global Leader in Executive Talent Search June 21, 2022
  • The Cornerstone Eagle – June 2022 – Impactful Leadership June 17, 2022
  • Asia’s Fast-Growing EV Market Will Disrupt Automotive Industry Recruitment June 2, 2022

News / Blog Archives

Footer

Areas of Specialization

  • by Industry
    • Life Science & Health
    • Financial Services PE & Family Office
    • Industrial
    • Consumer
    • Technology
    • Private Equity
    • Infrastructure & EPC
  • by Function
    • Board Directors & CEO
    • Human Resources
    • Finance and Legal
    • Agile Talent
    • Sales & Marketing
    • Operations & Supply Chain

Quick Browse

  • Find an Office
  • Find a Consultant
  • Find a Coach

Services

  • Retained Executive Search
  • Board & CEO Advisory
  • Executive Coaching

About Us

  • About Cornerstone
  • The Cornerstone Edge
  • Join Cornerstone

Switch Language

Connect with Cornerstone

Copyright © 2022 · Cornerstone International Group · Sitemap

Website Development by LimeCuda

Member-Only Portal