Workday and Randstad are joining forces on AI-driven recruitment. Workday’s Recruiting Agent does an initial screening of resumes to select suitable candidates.
Workday and Randstad announce a partnership to leverage AI for a more efficient recruiting process. Workday is making its Recruiting Agent, an AI tool specializing in screening resumes, available to Randstad to connect recruiters with suitable candidates faster. This should speed up the hiring process by instantly presenting qualified candidates, reducing the amount of time recruiters spend reviewing resumes.
According to a study by the World Economic Forum, 42 percent of employers expect talent availability to decline by 2030, despite the world’s population continuing to increase. Workdays AI tool analyzes previous job applicants, internal databases and now Randstad’s network to select relevant profiles. By 2024, the tool processed 700,000 job applications and helped increase clients’ recruiting capacity by an average of 54 percent.
Benefits, but also caveats
The combination of Workdays AI and Randstad’s network gives clients access to a broader pool of talent with sought-after skills. AI helps with faster matching of candidates likely to apply, which reduces turnaround time and increases the number of applications. The tool also integrates into existing workflows, so recruiters do not have to switch between different systems.
According to Randstad, this collaboration combines AI with human expertise to make the hiring process more efficient. 93 percent of employees see AI as helping them focus more on strategic tasks, Workday concluded in its own survey. With this integration, both companies aim to capitalize on the growing demand for automated and data-driven recruitment.
The use of AI in recruitment procedures is not new, and has been the subject of debate for many years. Automated screening of resumes increases the risk of “AI bias. For jobs historically held by men more often than women, algorithms are more likely to link a male candidate to a job opening. In the opposite direction, recruiters are not waiting for a cartload of AI-written resumes and cover letters.
The impact AI will have on the labor market is yet to be estimated. AI could help people find jobs faster, but just as easily make their jobs disappear. That fear is no longer doomsday: 23 percent of companies expect to need fewer staff with AI, according to a survey by HR company Acerta. Workday itself can speak to that: the company is laying off 1,750 employees because of AI.
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