How Machine Learning is Changing Recruiting
Companies approach recruiting in different ways. Facebook’s method, for example, involves acquisitions for human capital and a six-week onboarding boot camp. Of course, that’s not the norm: On average, a recent study found it takes 42 days—and a cost-per-hire of $4,129—to fill an open position. That adds up, especially since Bloomberg recently reported that approximately 10,000 members of the baby boomer generation reach retirement age every day. With numbers like that, it’s no wonder efficiency-boosting advancements in machine learning are beginning to challenge the HR status quo. Let’s explore how machine learning is changing recruiting. How Businesses Use Algorithmic Assessments Spotify. Waze. Netflix. Amazon. These are just a handful