Recruiter's AI Digest #14
Resources and perspectives to keep you ahead of the curve as AI deepens its impact in Recruiting. 🤖
Welcome to the community of forward-thinking recruiting leaders. Welcoming another 100+ forward-thinking recruiters since last week! 🎉
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This week’s digest
I got this in the post this week - it was sent to me by Midjourney, and is an AI Art magazine. It’s got some super cool “art” in it, if you can call it that. Crazy to see how the creative industry is being disrupted by AI. 🤯 You can check it out here.
📰 Quick AI update
🇪🇺 The Artificial Intelligence Act (link here)
The EU has initiated a major law, known as the A.I. Act, to regulate artificial intelligence, setting a potential example for other global policymakers.
The A.I. Act, passed in draft form by the European Parliament, proposes new restrictions on the riskier uses of AI, including significant limitations on facial recognition software. It also emphasizes greater transparency from AI developers about their data usage. 🔍
NB: This is only the draft stage. The final version of the law isn't expected until later in the year. 📅
😎 ChatGPT has some new upgrades (link here)
OpenAI has released new versions of GPT-3.5-turbo and GPT-4, equipped with a feature called function calling. A function call could be something like asking the AI to translate a sentence from English to French, or to sort a list of numbers from smallest to largest. The AI will then remember this function when asked to perform it.
In addition, a variant of GPT-3.5-turbo has been introduced with an expanded context window. This enables the model to ‘remember’ a larger portion of text before generating any additional text, preventing it from losing track of recent conversations and going off-topic. (now can read 20 pages of text)
The pricing for GPT-3.5-turbo has been reduced by 25%, which means developers can use the model for much cheaper. (Any apps that utilize ChatGPT are saving more money)
In this week’s newsletter, we look at:
📺 How TA Leaders Use ChatGPT and Generative AI (Hung Lee and Adam Gordon)
🗺 Adapting To AI: The New World Of Organizational Ingenuity (Josh Bersin)
🦾 The New Age of Hiring: AI Is Changing the Game for Job Seekers (CNET)
Are there people you know struggling to digest all the AI news? Share this newsletter with them. 🙏
📺 How TA Leaders Use ChatGPT and Generative AI (Hung Lee and Adam Gordon)
In this live video, Hung Lee and Adam Gordon interview a series of Talent Leaders to hear how they are making use of Generative AI within their organizations.
Some cool use cases included:
When receiving long ambiguous emails, using ChatGPT to pull out the action items and craft a clarification email back to the person who wrote the email.
💡 Yasar Ahmad:
Making sure to include, when writing reviews, ‘write this in a non-AI way’.
Creating career maps for fictitious business units, to help Hiring Magers to think about team structure.
👀 Check it out here.
🗺 Adapting To AI: The New World Of Organizational Ingenuity (Josh Bersin)
In this thought-provoking piece, Josh Bersin delves into the transformative era of the "Super-worker" empowered by AI.
The era of AI, which I call the “intelligence era,” is going to lead to employees and workers with superpowers like never before.
🧠 Organizational Ingenuity: Leveraging AI and integrated workflows, it rethinks traditional structures, fosters collaboration, and promotes continuous learning, enabling teams to drive innovation and maximize productivity.
⚡️ Generative AI: More data sources, more connected. An HR professional who’s working on a compensation issue can immediately see the role of tenure, diversity, job level, and even performance all in a single place.
🚀 Leaner organizations: As companies harness the power of AI, they have the opportunity to streamline operations and reduce bureaucracy. AI integration can lead to leaner organizations, operating with greater efficiency and seamless collaboration, ultimately achieving higher productivity levels.
The new mantra may be “how do we reduce the overhead and bureaucracy in that group and use AI to make it operate faster and more integrated than ever.”
📚 Read it here
🦾 The New Age of Hiring: AI Is Changing the Game for Job Seekers (CNET)
This article is from the perspective of how the job hunting process is rapidly changing for candidates amidst advances in AI and tech.
📌 The New Normal: AI has transformed the hiring landscape with automated software, vast professional databases, and one-click applications. An Applicant Tracking System (ATS) can write job descriptions, scan resumes, schedule interviews, and even reject candidates before they reach an actual human.
📌 AI Recruitment Tools: As the hiring process becomes more automated, job seekers have access to tools like resume-boosting software to improve keyword-matching, and generative AI platforms to draft cover letters.
📌 AI's Role in Hiring: Most experts agree that while AI is a huge part of hiring now, recruitment remains a human-driven process. Scoring well with an ATS is like passing an entrance exam — it gets you in the door, but you still have to compete with others.
📌 Keywords are Key: ATS systems look for a high keyword match (usually between 70% and 80%) between the skills and credentials listed on a resume and the job posting. Not having the right keywords could get you rejected, even if you're well-suited for the role.
📚 Read it here.
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