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AI-PoweredHR:
AStrategicImperative
PresentedbyGigiKoh
12September2024
AboutUs
RecruitFast,astheleadingbrandunderREForce.Dedicatedtoprovidingcomprehensiveand
efficientHRoutsourcingservicesforenterprises.
OffshoreMarketEntry&Expansion
BPO(BusinessProcessOutsourcing)
FlexibleStaffing
RPO(RecruitmentProcessOutsourcing)
LaborDispatch
•AsubsidiaryofHRnetGroup,aleadingAsia-
PacificHRservicesprovider
•HRnetGroupwasfoundedin1992
•HeadquarteredinSingapore
•AleadingrecruitmentandHRcompanyinAsia.
•ListedonthemainboardofSGXin2017
17Cities
OurFootprints
"OurgeographicalpresenceinAsiastemsfrom
31yearsoforganizationaldevelopment."
AI□□□□□□□□
Introduction
•AIistransformingtherecruitmentindustry.
•AIisstreamliningprocessesandincreasingefficiency.
•AIisenhancingthecandidateexperience.
•AIisdrivingdata-drivendecision-making.
•AIisshapingthefutureofstaffing,
outsourcing,talentmanagement,andglobalmobility.
TheRecruitment
WorldShapedbyAI
AI-PoweredTalentManagement
andOutsourcingServices
•PredictingtheFuture:
usepastdatatopredictthingslikewho'sgoingtoleavethecompany(employeeturnoverrates,satisfactionsurveyresults,performance)
•TalentPoolingandPipelineBuilding:
createapoolofgreatcandidatesforfuturejobs
•OutsourcingandRemoteWorkManagement:
helpswithcommunication,projectmanagement,andtrackingperformance.
AICandidateSourcing
andScreening
•NaturalLanguageProcessing:Employssemanticsearch
algorithmstocomprehendthecontextandintentbehindjobdescriptionsandcandidateresumes.
•SkillsAssessmentTools:Thesetoolsevaluateacandidate'sabilitiesinspecificdomainssuchasprogramming,writing,orproblem-solving.
•BiasMitigation:Helpsmitigatebiasinthehiringprocessbyanalyzingcandidatedatawithout
relyingonsubjectivefactorslikegender,race,or
age.Thispromotesfairnessanddiversityinhiring.
AI-PoweredGlobalTalent
AcquisitionandDeployment
•BreakingLanguageandCulturalBarrierstoUnlocktheGlobal
TalentPool:AItranslationtechnologybreaksdownlanguagebarriers,attractingglobaltalent.Atthesametime,AIfosterscross-cultural
understandingandcooperation,enablingseamlesscollaborationamongglobalteams.
•EfficientandAccurateVirtualInterviewsandIntelligent
Assessments:Seamlessvideointerviewsreducecosts,standardizedassessmentsensurefairness,andaccuratelyscreenglobaltalent.
•EnsuringComplianceandSmoothCross-BorderOperations:AIsimplifiescomplexregulations,
automatesHRtasks,reduceserrors,andensuressmoothandefficientoperations.
CaseStudy:
LeadingConsumerGoodsCompany
AI-PoweredGamifiedAssessments:UtilizedPymetricstoassesscandidates'skillsandpotential,shortlistingthetop33%forfurtherevaluation.
AI-EnabledVideoInterviews:LeveragedHireVue'sAIplatformtoanalyzecandidates'responses,toneofvoice,andfacialexpressions,providingmoreobjectiveassessments.
Achievement:
oReducedthecandidatepoolfrom45,000to300.
oIncreasedofferacceptancerateby25%.
oSavedover50,000hoursofcandidateinterviewtime.
oSavedover8millionyuaninannualcosts.
oImprovedcandidatediversity.
OvercomingChallengesandRisks
•EthicalConsiderations
1.Establishanethicsreviewmechanism
2.Strengthentransparencyandexplainability
3.Respectprivacyanddataprotection
•DataPrivacyandSecurity
1.Strengthendataencryption
2.Implementstrictaccesscontrols
3.Conductregularsecurityauditsandassessments
•ResistancetoChange
1.Strengthencommunicationandexchange
2.Provideskillstrainingandtransitionsupport
3.Showcasesuccessstoriesandbenefits
TheFutureofHR:AITrendsand
Predictions
•RemoteWorkAdaptability:AItoolswillhelpassesscandidates'suitabilityforremotepositions,encompassingsoftskillsandvirtualenvironmentadaptability.
•IntegrationwithOtherTechnologies:FuturerecruitmentwillmergeAIwithtechnologieslikeVR,enabling
immersiveinter
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