OCTOBER - 2022HR TECH OUTLOOK8Artificial intelligence isn't new to HR. But there's certainly never been a better time to embrace it.Big changes are afoot across the industry, especially since the talent landscape has been drastically altered. In the wake of the pandemic, almost every company is going through an HR transformation due to business model changes and new skills required. At the same time, employees are re-evaluating what's really important to them in a job as hot button issues like diversity and inclusion seek resolution.As an early-stage investor, I see how important the adoption of new technologies is to the success of a company. While organizations grapple with the increasing challenge to solve complicated issues with less overhead, the need for technology with super-human speed and intel has become more critical than ever. The differentiating factor between companies that embrace technology instead of resist it? Understanding how technology will continue to evolve to meet current and future HR demands. MASSIVELY INCREASING PRODUCTIVITYFrom supporting recruiting teams with rapid sourcing and screening of candidates to enabling the rehiring and redistribution of employees, many organizations are finally looking to AI technology as the answer to their talent challenges. From a productivity perspective, it's easy to see why. A recent report showed that nearly half of recruiters surveyed spend most of their work week--at least 30 hours--on sourcing alone. Artificial intelligence can help expedite talent acquisition by sourcing, screening, engaging, and Tim GuleriTim Guleri, Managing Partner, Sierra VenturesByTHE AI-DRIVEN FUTURE OF TALENT ACQUISITION AND DEVELOPMENT
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