{"id":51999,"date":"2025-02-12T14:11:43","date_gmt":"2025-02-12T19:11:43","guid":{"rendered":"https:\/\/www.arffinancial.com\/development\/?p=51999"},"modified":"2025-02-12T14:11:43","modified_gmt":"2025-02-12T19:11:43","slug":"can-ai-help-recruit-new-talent","status":"publish","type":"post","link":"https:\/\/www.arffinancial.com\/development\/can-ai-help-recruit-new-talent\/","title":{"rendered":"Can AI Help Recruit New Talent?"},"content":{"rendered":"<div class=\"wpb-content-wrapper\"><p>[vc_row][vc_column][vc_single_image image=&#8221;52000&#8243; img_size=&#8221;large&#8221; alignment=&#8221;center&#8221;][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]<\/p>\n<p style=\"font-weight: 400;\">Have you heard the latest? Small businesses are confident that 2025 is set to be great for hiring. According to <a href=\"https:\/\/www.hrdive.com\/news\/small-midsize-business-leaders-confident-going-into-2025\/738352\/\">a report from HR Dive<\/a>, \u201cclose to 2 in 3 CEOs surveyed said they expect their total number of employees to increase in 2025; only 5 percent said they anticipate layoffs or cuts.\u201d If a hiring surge is on the horizon, we wanted to take a deeper dive into how artificial intelligence (AI) may be able to lend a helping hand.<\/p>\n<p style=\"font-weight: 400;\">One of the most widely known employment tools out there is LinkedIn, which launched an AI agent for recruiters called <a href=\"https:\/\/business.linkedin.com\/talent-solutions\/hiring-assistant\">Hiring Assistant<\/a>. Powered by OpenAI\u2019s GPT, it\u2019s able to build a repository of potential candidates, schedule interviews, take notes, and even write the job description itself. And LinkedIn isn\u2019t alone \u2013 tools from <a href=\"https:\/\/news.microsoft.com\/source\/emea\/features\/youre-hired-microsoft-partnership-with-mercury-set-to-reshape-recruitment\/\">Microsoft<\/a>, <a href=\"https:\/\/www.indeed.com\/press\/releases\/indeed-launches-ai-powered-smart-sourcing-to-make-hiring-faster-by-matching-and-connecting-people-with-relevant-jobs\" class=\"broken_link\">Indeed<\/a>, and <a href=\"https:\/\/workspace.google.com\/solutions\/ai\/hr\/\">Google<\/a>are all joining the AI-for-hiring spree.<\/p>\n<p style=\"font-weight: 400;\">Using AI for recruitment isn\u2019t free from flaws, however. If we\u2019re just relying on data to do the hiring, where does addressing bias fall into place? New York City, specifically the NYC Department of Consumer and Worker Protection (DCWP), <a href=\"chrome-extension:\/\/efaidnbmnnnibpcajpcglclefindmkaj\/https:\/www.nyc.gov\/assets\/dca\/downloads\/pdf\/about\/DCWP-AEDT-FAQ.pdf\">passed a law<\/a> that \u201cprohibits employers and employment agencies from using an automated employment decision tool (AEDT) in New York City unless they ensure a bias audit was done and provide required notices.\u201d The US Department of Labor developed a <a href=\"https:\/\/www.dol.gov\/newsroom\/releases\/odep\/odep20240924\">framework<\/a> aimed at helping employers push for inclusive hiring practices as the AI tools gain traction.<\/p>\n<p style=\"font-weight: 400;\">It&#8217;s important to remember that AI models are all built on data, and data is where most biases are introduced. AI bias \u201crefers to the occurrence of\u00a0biased results\u00a0due to human biases that skew the original training data or AI algorithm\u2014leading to distorted outputs and potentially harmful outcomes,\u201d <a href=\"https:\/\/www.ibm.com\/think\/topics\/ai-bias\">according to IBM<\/a>. The best way to alleviate bias in AI is to attack it early, during the large language model (<a href=\"https:\/\/www.cloudflare.com\/learning\/ai\/what-is-large-language-model\/\" class=\"broken_link\">LLM<\/a>) training phase.<\/p>\n<p style=\"font-weight: 400;\">If using AI to assist with the hiring process, remember to carefully review the candidate pool you may receive and review resumes for fairness. Should any red flags arise (for instance, was one group favored over another more often?), recruiters can choose to abandon the model in favor of another one, or incorporate techniques to amend the results. In the end, it\u2019s up to hiring managers to make sure the diversity factors their company stands behind are met.<\/p>\n<p style=\"font-weight: 400;\">Being in a growth period is an exciting time for small businesses, especially when that translates to hiring new talent. But hiring doesn\u2019t come without its own set of challenges, particularly as it relates to finances. A line of credit from ARF Financial can help, like our <a href=\"https:\/\/www.arffinancial.com\/development\/interest-only-bankroll-revolving\/?urlsource=blog\">interest-only Bankroll<\/a> offering. With low, interest-only payments for up to a year and approvals in 24 to 48 hours on amounts up to $1 million, our IO-Bankroll Revolving Line of Credit is simply unmatched.<\/p>\n<p>[\/vc_column_text][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text]<span style=\"font-size: 13px; line-height: 15px;\">Your privacy is important to us. ARF Financial will never sell or rent your information to any third party.\u00a0<a href=\"https:\/\/www.arffinancial.com\/development\/privacy\/?utm_source=Outbrain&amp;utm_medium=OutbrainBlog&amp;utm_term=Outbrain&amp;utm_content=GoingGreen&amp;utm_campaign=GoingGreen\">Click here<\/a> for more information about our privacy policy. <a href=\"https:\/\/www.freepik.com\/free-photo\/face-recognition-personal-identification-collage_96364011.htm\" class=\"broken_link\">Image by freepik<\/a><\/span>[\/vc_column_text][\/vc_column][\/vc_row]<\/p>\n<\/div>","protected":false},"excerpt":{"rendered":"<p>[vc_row][vc_column][vc_single_image image=&#8221;52000&#8243; img_size=&#8221;large&#8221; alignment=&#8221;center&#8221;][\/vc_column][\/vc_row][vc_row][vc_column][vc_column_text] Have you heard the latest? Small&#8230;<\/p>\n","protected":false},"author":5,"featured_media":52000,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"content-type":"","om_disable_all_campaigns":false,"footnotes":""},"categories":[698],"tags":[398,402,1445,400,399,443,386,1519,535,220,213,1466,401,224,222,172,226,307,1178,142],"class_list":{"0":"post-51999","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-small-business-financing","8":"tag-affordable-business-loans","9":"tag-affordable-small-business-growth","10":"tag-and-solutions","11":"tag-business-expansion","12":"tag-business-growth","13":"tag-business-line-of-credit","14":"tag-business-loans","15":"tag-can-ai-help-recruit-new-talent","16":"tag-equipment-leasing","17":"tag-flex-pay-loans","18":"tag-line-of-credit","19":"tag-post-pandemic","20":"tag-small-business-expansion","21":"tag-small-business-financing","22":"tag-small-business-funding","23":"tag-small-business-growth","24":"tag-small-business-loans","25":"tag-small-business-operations","26":"tag-small-business-owners","27":"tag-working-capital"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v25.9 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Can AI Help Recruit New Talent? 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