IBM is using artificial intelligence to find candidates often overlooked by recruiters. Here’s how AI is changing the hiring process.
With the unemployment rate below 4% and at least a half million technology jobs open, companies like IBM are using AI to identify talent in the workforce that often goes overlooked by recruiters and HR.
The IBM initiative provides jobseekers, including those with long-term unemployment, refugees, asylum seekers and veterans, with career fit assessments, training, personalized coaching and learning needed to reenter the workforce. SkillsBuild has partnered with several "I think what AI is helping us do is uncover things that you wouldn't have otherwise seen," said Jacob Hsu, CEO of workforce data science company Catalyte, at CNBC's Capital Exchange Summit in Washington D.C. on Thursday. "Our company is built on the premise that talent and ability are evenly distributed, even if opportunity hasn't been.
Hsu said AI is moving closer to being able to answer these question, and they are distinct from the focus on whether AI will replace humans.@ Work: People + Machines Summit Upskilling workers is needed for critical social reasons, namely to reverse the hollowing out of the middle class, she said, but there will be jobs that there aren't really any candidates available to fill. "What's important is how do we reskill the population that we have to fill the jobs we have, and how do we embrace technology where it's needed," Novoselsky said.
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