The Fear and the Opportunity
For a long time, there has been intensive talk about the future impact of artificial intelligence on the reduction of employees in all sectors. And while some are afraid, others think that the idea is completely unrealistic and that something like that cannot happen in the near future. Some, however, see an opportunity for themselves in this whole situation.
We already have an expansion of various AI tools in all possible areas of business that can greatly facilitate life and work.
Focus on HR: What We’ll Explore
In this text, we will not deal with the problem of defining the differences between machine learning and artificial intelligence. Instead, we will focus exclusively on the effects of various AI tools on the labor market—with a special reference to the human resources sector.
My Experience With AI Tools in HR
Over the past few months, I’ve been testing several different tools, and it’s an understatement to say that I’m thrilled with the possibilities and ease of use. A detailed review of the various tools awaits you in one of the following articles.
Imagine if, for the first time, you could prevent 49% of candidates from rejecting your job offer just because of negative experiences during the selection process, as shown in PwC’s research.
My personal experience aligns with this: due to endlessly long processes, the best candidates often get other offers. Even those who don’t still leave frustrated. I often receive messages from candidates explaining they don’t want to continue the selection process because they don’t feel respected.
No one can blame them for that.
Unfortunately, the blame often falls on external agencies or recruiters who have little control over the process.
AI to the Rescue?
According to Modern Hire’s fifth annual recruitment report, 45% of companies worldwide are using AI technologies to improve HR and recruitment processes.
Traditional processes are too long and inefficient. Candidates leave frustrated. AI offers a new level of intelligent interviewing that uses data and feedback to continuously learn and improve.
Modern Hire suggests that a smart interviewing process must include:
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Using science, analytics, and AI for automation and reduced bias
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Clarity, accessibility, transparency—and even humanity—in candidate experience
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Global reach and support for international hiring
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Seamless workflows and extreme ease of use
AI in International HR Practices
International companies are already using AI and ML to predict employee retention by matching their skills and expectations with job demands. We know that losing qualified candidates is one of the most expensive mistakes a company can make.
AI is also used for analytics to assess your company’s market position for hiring and promotion. From writing job ads to onboarding and retention, these tools save time and boost performance.
While still in early development, companies that have implemented them are already seeing fantastic results.
A Fortune 50 company saved 22,000 hours of recruitment time using AI tools.
95% of candidates said the tools were easy to use and increased their interest in the job.
So, Will AI Leave People Out of Work?
The answer depends on you.
Yes, some jobs will be lost. Yes, for some, work will increase.
It all depends on your willingness to adopt AI tools and how fast you adapt. The time to act is now.
New Possibilities for Companies and Freelancers
For the first time, companies can increase productivity and reduce costs at the same time.
Freelancers can build personal businesses that look like they have a team behind them.
Instead of hiring 5 recruiters at €700–1200 each, companies can pay one superstar €2500–3000 and a few hundred euros on AI tools to achieve the efficiency of a top-tier team.
Talented individuals can now earn more than C-level corporate positions by using smart tools that cover marketing, sales, recruitment, admin, and business development.
But timing is everything.
Companies that don’t adapt will face higher costs and lower popularity among top talent.
Coming Next:
In the next article, I’ll present specific tools, their business effects, and impact on your budget.
Until then, get ready to hop on the train before it leaves.
Author:
Nataša Vasić