Publication from: Fortune
Large employers are already using some form of artificial intelligence in employment decision-making. A February 2022 survey from the Society of Human Resources Management found that 79% of employers use A.I. and/or automation for recruitment and hiring.
The move by employers to harness A.I. and related data analytics in an effort to reduce unconscious bias in employment decision-making is no surprise. In the past few years, companies have increasingly prioritized diversity, equity, and inclusion initiatives. After the killing of George Floyd and subsequent protests around the country, businesses pledged $200 billion to increase efforts toward racial justice.
Surveys show businesses are committed to increasing DEI budgets, staffing, and metrics, and investing more in employee resource and affinity groups. Pay equity audits are on the rise, along with a host of new laws in New York, California, and elsewhere mandating transparency on employee compensation.
Read more on the insights provided by the Digital Future Initiative below: