Harvard study: current automated hiring systems are questionable13. September 2021
Harvard study: current automated hiring systems are questionable
New York, 9/13/2021
According to a Harvard study, automated hiring systems exclude more than 10 million qualified workers in the U.S. from hiring interviews.
Ninety-nine percent of Fortune 500 companies now use automated hiring systems, such as AI algorithms that read resumes and evaluate applicants’ verbal responses and facial movements in video interviews.
90% of executives surveyed said they are aware that automated systems inadvertently filter out suitable candidates. Their use is also justified by the tremendous increase in time required for screening. In the early 2010s, an average corporate job posting received 120 applications. By 2020, it will average 250 applications.
The global market for recruitment technologies is expected to grow from $1.75 billion in 2017 to $3.1 billion in 2025.
The study says that solving these problems will require a major overhaul of the recruitment system, from how companies search for applicants to how they use their software during the process.