Mya Systems (short for "my assistant") has developed an AI that can streamline the recruitment process in multiple ways, including approving resumes, garnering further information on candidates, asking pay-related follow up questions, and scheduling interviews. The AI chatbot — designed to work in tandem with humans rather than replacing them — has the potential to free up human recruiters and lessen the bureaucratic aspects of the hiring process. Its founder, Eyal Grayevesky, told CNN tech that "Recruiters are overwhelmed with so much work because they're doing boilerplate tasks."
Since its launch in 2016, the technology has already been adopted by Fortune 500 companies in banking, consulting and retail sectors: Mya's website reports that it has been phenomenally successful, averaging a 9.8 out of 10 on overall candidate experience, increasing recruiting output by 200%, and reducing overheads by 80%. An additional $11.8 million in funding, acquired earlier this week, may help Grayevesky achieve his goal of eliminating frictional employment — the market failure of a decrease in efficiency due to people being in between jobs.
Source: World Economic Forum
(Score: 0) by Anonymous Coward on Wednesday June 14 2017, @01:43PM
Didn't they tell you? Computers are completely objective! And never make errors, you know? If that computer tells you that there is an 83.749% chance that this applicant is the right one, that figure is correct to the last digit! Don't doubt the computer! If most people the AI selects are people who unconditionally trust computers, it certainly is not a bias, it is because people who trust computers are just the better employees. Otherwise the computer wouldn't have chosen them, right? ;-)