Skills intelligence helps your organization identify skills and capabilities vital for building future-ready teams. It aids you in the following:
- Hiring candidates based on your skill requirements
- Increasing talent pool while prioritizing diversity
- Exploring opportunities put forward by skills adjacencies
- Assisting your existing workforce to enhance their career paths
This is all possible as skills intelligence heavily relies on something that we call ethical artificial intelligence or AI.
As of 2019, only 17% of global organizations have used AI-based solutions for HR. But, Gartner 2019 Artificial Intelligence Survey has stated that another 30% of organizations will rely on AI for HR by the end of 2022.
However, the unprecedented pandemic and the digital transformations that happened along with it have paced things up a bit. According to a report from PwC, 52% of global organizations have accelerated their AI adoption due to the pandemic, and these numbers will increase further in no time.
With the help of skills intelligence, an organization like yours will be able to leverage the power of AI to:
- Reduce your company's hiring costs
- Automate repetitive tasks
- Bring in precision
- Remove biases
- Make data-driven decisions
- Improve candidate and employee experiences
By keeping all these factors in mind, let's walk you through how skills intelligence utilizes responsible AI for talent acquisition, management, and development.
Create the best possible pathway for identifying suitable candidates
Finding the perfect talent for a job or organization is an uphill task, as recruiters must conduct rigorous hiring processes to discover suitable candidates. Moreover, it becomes even more strenuous and time-consuming if your organization intends to perform it without skills intelligence.
Why? Because, according to Glassdoor, on average, a corporate job opening receives around 250 resumes daily, and filtering through these resumes and shortlisting candidates manually based on their merits and compatibility with the job description is a total nightmare.
On the other hand, using an AI-powered skills intelligence platform is faster and more reliable, as it allows you to create seamless recruitment channels and focus on those skills suitable for building future-ready teams.
Here are some ways through which skills intelligence, relying on AI, can assist your company in the recruitment process:
1. Optimize Job Descriptions:
Skills intelligence can help optimize job descriptions and diversify the hiring funnel by rationalizing skills, roles, and demographics. It considers the skills taxonomies and market intelligence to provide relevant inputs on optimizing job descriptions. Through this, you can bring transparency, improve response time, and enhance the overall experience of the candidates and recruiters.
2. Improve Candidate Engagement Rates:
A lack of proper candidate engagement is a factor that increases dropout rates in a recruitment funnel. A skills intelligence platform can resolve this issue by keeping the candidates updated throughout the process via proper communication through automated messages.
3. Assist with Candidate Evaluation:
Your company can have a hassle-free candidate evaluation process with skills intelligence. This includes screening resumes, inviting and conducting skills assessments of selected candidates by making the best out of gamification and other psychometric assessment methods, interviewing them, and shortlisting the right candidate(s).
Enhances Diversity, Equity, and Inclusion (DE&I) in an organization
Diversity, Equity, and Inclusion (DE&I) are integral factors for any organization, and skills intelligence strives to facilitate the same. Following such a system is essential to remove self-selection, systemic, and unconscious biases in talent acquisition, development, and management.
But what is the best way to realize it?
The simple answer is to rely on a transparent and ethical AI with a bias-free algorithm. When your organization integrates a skills intelligence platform that works with ethical AI, the focus will be on objective job-relevant details of candidates or employees. It will also provide fair chances to all candidates or employees.
Here are some ways through which skills intelligence facilitate diversity:
1. Helping in Getting Rid of Racial, Gender, Physical, or Cognitive Discriminations:
Many candidates don't apply for some job positions because they feel biased while reviewing the job descriptions. Some reasons include the following:
- The usage of masculine/ feminine tones within the content
- Inclusion of elements that point to racial and/or gender discrimination
- The presence of language that shows bias based on physical and cognitive capabilities
But, as discussed above, a skills intelligence-based platform would be better positioned to help you identify these concerns within job descriptions and focus on bringing diversity and inclusivity.
2.Removing Unconscious Biases in Talent Acquisition:
Another concern is the unconscious biases that recruiters or hiring managers might have while evaluating candidates. One of the best ways to remove this bias is by masking candidate profiles, which will prevent recruiters from acquiring any pieces of information apart from job-related details.
3.Overcoming Systemic Biases in Talent Management:
A skills intelligence platform can help remove any form of systemic biases that hamper employee performance reviews or promotions. Here, the employers can assess the employees based on their skills, capabilities, and contributions.
In short, by relying on skills intelligence equipped with ethical AI, your organization can create a thriving work culture, avoiding all forms of racial, gender, physical, or cognitive inequalities. Besides, it would help improve productivity and create a high-performing workforce.