AI changing hiring process but cannot replace human connections
WORK matters. Next to family and health, work is often the most important thing. It provides livelihoods, is an outlet for passion and is a driver of purpose and happiness. Few decisions have a greater impact on the shape of our lives than the right job or career.
But finding the right job (or hiring the right employee) is fraught with challenges. Unequal access to job information, human biases, pressures for immediate income (or the need to fill a job) and the inefficiency of old processes are a few of the hundreds of reasons why most people are probably in the wrong job. The system in Singapore is already showing cracks - as at 2017, a third of Singaporeans were apparently unhappy at work. These are complex problems to solve, though the Internet and artificial intelligence technologies have begun to fundamentally change the way people hire and search for jobs.
Singapore's Smart Nation Drive aims to have digital capabilities at its core for greater business productivity and using AI to match applicants to careers is a key aspect to boosting the nation's key natural resource: talent.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Columns
‘Competition for talent’ a poor excuse to keep key executives’ pay under wraps
OCBC should put its properties into a Reit and distribute the trust’s units to shareholders
Why a stronger US dollar is dangerous
An overstimulated US economy is asking for trouble
Too many property agents? Cap commissions on home sales
Time to study broadening of private market access