A.I. IS TAKING YOUR HR JOB.
The Impact of AI on Talent Acquisition: Navigating Layoffs and Securing HR Roles in 2024
Is it Doomsday for Talent Acquisition?
In 2024, the landscape of talent acquisition is undergoing a profound transformation driven by the widespread adoption of Artificial Intelligence (AI) in the hiring process. While AI promises efficiency and precision, its integration has led to apprehensions among HR professionals regarding the security of their roles.
I've been reading and learning a lot about the rise and impact of A.I. as I'm seeing it's insertion into virtually everything that Talent Teams do today.
Thecorrelation between the rise of AI and the prevalence of layoffs in talent acquisition, is undeniable. But there's hope.
I'm also offering up some of my insights into strategies HR professionals can employ to safeguard their positions in this evolving landscape.
"They" told me print was dead - 25 years ago, but I was prepared. Are you?......
The Rise of AI in Talent Acquisition
AI has revolutionized the traditional recruitment paradigm by offering automated solutions for various stages of the hiring process. From resume screening and candidate sourcing to interview scheduling and predictive analytics, AI-powered tools have expedited recruitment timelines and enhanced candidate quality assessment. Consequently, many organizations have embraced AI as a strategic asset in their talent acquisition arsenal, aiming to streamline operations and gain a competitive edge in talent acquisition.
Layoffs in Talent Acquisition
The increasing reliance on AI in talent acquisition has, understandably, raised concerns among HR professionals about the potential for job displacement. While AI augments efficiency and accuracy in certain aspects of recruitment, it also poses challenges to traditional HR roles. Redundancies may arise as AI automates repetitive tasks, leading to downsizing in talent acquisition departments. Furthermore, the outsourcing of recruitment processes to AI-driven platforms or external vendors can further impact internal HR staffing levels.
Top companies that laid off HR teams in 23-24:
1. Airbnb - Approx 30% of TA
2. Amazon - Approx 27% of TA
3. Boeing - Approx 25% of TA
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4. Google - Approx 20% of TA
5. IBM’s Kyndryl - Approx 15% of TA
6. LinkedIn - Approx 25% of TA
7. Meta - Approx 24% of TA
8. Roblox - Team of 30 laid off out of 50 laid off
9. Sequoia - Approx 22% of TA
10. Uber - Approx 35% of TA
(Source - various)
Strategies for HR Professionals
Amidst these transformations, HR professionals can take proactive measures to adapt and thrive in the AI-driven landscape of talent acquisition:
When I started in print advertising and we were told in the late 90's that Digital will kill of all of our jobs.
It did have an impact, but for those that embraced the changes - we learned how to leverage the added benefits of digital against the many downsides of print. Today we thrive in this digital media world for recruitment marketing and advertising.
For talent teams today, the increasing usage of AI in talent acquisition presents both opportunities and challenges for HR professionals. While layoffs may occur as AI automates certain aspects of recruitment, HR professionals can proactively adapt to this evolving landscape by embracing technology, focusing on value-added activities, upskilling and reskilling, aligning strategies with organizational goals, and emphasizing the human-centric approach to recruitment.
What do you think? - has A.I. negatively affected your role?
Senior Vice President, Business Operations at Leoforce.com; The leader in delivering better and more efficient recruiting outcomes with AI in a true pay for performance solution.
10 个月AI isn't taking over a recruiters role. Recruiters using AI will.
Building Digital Businesses That Go Beyond Technology - General Manager @ MOVE Estrella Galicia Digital | ExAmazon & International TopVoice +250K
10 个月Finding the right balance between AI efficiency and traditional HR roles is key in today's evolving talent landscape. ?? #AIevolution Mitch Gerson
Indeed Whisperer | Recruitment Marketing | Talent Acquisition
10 个月Matt Charney had a graph showing a historic overhiring in TA during the Pandemic. A lot of new people flooded in, and even those who have been here a decade in ZIRP powered companies and industries were at high risk of layoff. That said, the sentiment of AI replacing TA teams is clearly there, and it's being accepted by large companies desperate to cut costs when they can't hide poor decisions with lowered interest rates. It feels like we're finding the correct level, but to do that, we'll dip below what we're comfortable with. To survive, we have to get better. Better at telling our stories, knowing our value, and integrating with the rest of the company. The real question is- is are we worth it?