AI For Diversity Recruiting: Is It Doing Its Job?

  • Transparency: a behind-the-scenes look at my day-to-day.
  • Inclusivity: bringing others along in the journey.

Is AI Hiring Software Effective At Doing Its Job?

Question:

Answer:

Companies Need To See ROI From Their Tech Investments

Even though 70% of these same managers understand how AI can generate value for their businesses, only one in ten are reaping significant economic gains from AI.

  • 95% of companies believe AI will drive important digital transformations for their organizations
  • Corporate investment in AI is expected to reach $110 billion (up from $50.1 billion in 2020) by 2024
  • 81% of employees believe AI can improve their performance and 68% want their employers to adopt more AI tools to help them do their jobs

AI For Talent Acquisition: Does It Move The Needle on Inclusion & Equity?

  1. AI solutions need to show improved levels of DEI at your organization. You can hire for diversity, but you must build for inclusion. If your workplace isn’t equitable, your newly acquired diverse talent won’t stay. Recruiting and hiring are one part of the employee lifecycle.
  2. AI solutions need to demonstrate ROI and map that ROI to DEI. Pipeline’s original research found that every 10% increase in intersectional gender equity yields a 1–2% increase in revenue.

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