For more than a year now, organizations have struggled to hold onto talent. According to the U.S. Bureau of Labor Statistics, 4.2 million people voluntarily quit their jobs in August 2022. At the same time, there were 10.1 million job openings. Between the Great Resignation and more recent trends like “quiet quitting,” traditional approaches for winning talented workers haven’t always cut it in this fiercely competitive market.
Where AI Can — and Can’t — Help Talent Management
A look at the opportunities, risks, and mitigation strategies.
October 13, 2022
Summary.
Companies are struggling to hire and retain talent and AI tools have the potential to help. Across hiring, development, and retention, AI can help companies address pain points. However, it’s not as simple as plug and play — there are serious risks and drawbacks that companies need to consider if they’re going to incorporate AI into their talent management processes. In particular, they need to address low-trust in AI decision making, bias and ethical concerns, and legal risk.
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Attracting and Cultivating Talent Course
Accelerate your career with Harvard ManageMentor®. HBR Learning’s online leadership training helps you hone your skills with courses like Attracting and Cultivating Talent. Earn badges to share on LinkedIn and your resume. Access more than 40 courses trusted by Fortune 500 companies.
Discover how to attract, hire, develop, and keep talented people who will grow and thrive throughout their employee journey.
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New!
HBR Learning
Attracting and Cultivating Talent Course
Accelerate your career with Harvard ManageMentor®. HBR Learning’s online leadership training helps you hone your skills with courses like Attracting and Cultivating Talent. Earn badges to share on LinkedIn and your resume. Access more than 40 courses trusted by Fortune 500 companies.
Discover how to attract, hire, develop, and keep talented people who will grow and thrive throughout their employee journey.