While it might seem ironic, artificial intelligence and machine learning are well on the way to lending a helping hand when it comes to solving the problems of human capital management. Recruiting is one of the toughest issues businesses face today. Finding the right talent is critical for business success, but it’s challenging to say the least, and hiring the wrong person is expensive. Recent estimates put the cost to find and hire a new employee at a quarter of a million dollars – a cost that can quickly become astronomical if that person turns out to be wrong for the role. With the ever increasing data available about candidates and employees, some innovative AI companies are taking on the challenge of helping improve talent acquisition efficiency and effectiveness.
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