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Showing posts from June, 2020

Diversity in the workforce – Artificial Intelligence (AI) comes to the rescue

According to a study published by McKinsey & Company, every 1% rise in the rate of diversity is associated with an increase in revenues of between 3% and 9%. We all know how important it is to have diversity and inclusion in the workforce, and not only for financial reasons. Yet in the US, some 97% of companies fail to reflect the demographic composition of the country in their senior leadership and workforce. 
Most companies want to increase diversity, but unfortunately, the talent sourcing tools that are available today are highly limited, and even discriminatory. There are several reasons for that: 

Limited talent pool - Traditional talent sourcing tools (like LinkedIn) have a limited reach to talent. Candidates are often active on multiple sites and leave important data, to which single source tools lack access. Diversity specific job sites and resume databases are limited to active job seekers, eliminating passive, qualified, and diverse talent.
Discriminatory search techniques …