Title: Impact of AI on Jobs: Study Reveals 20% Global Impact
Artificial intelligence (AI) is set to revolutionize the job market, with a recent study by leading jobs platform Indeed revealing that approximately 20% of jobs globally will be significantly affected. The research conducted by Indeed Hiring Lab, a team dedicated to economic research in the global labor market, emphasized that all job roles are exposed in some way to AI-driven changes.
Indeed’s AI at Work report, released in September, found that nearly 20% of jobs face the highest level of potential exposure, while over a third face the lowest level. The significance of these findings is magnified by the fact that over 350 million people interact with Indeed’s recruitment products each month, making it a vital resource for job seekers and employers worldwide.
Filippo Bonsanti, VP of global marketing at Indeed, highlighted that every single job will be transformed by AI to some extent, and this transformation has already begun. Speaking at the Unleash World 2023 conference in Paris, Bonsanti discussed how Indeed is leveraging AI to assist employers and job seekers alike.
One of the key insights shared by Bonsanti was the biase spectrum of AI. He emphasized that the technology created reflects the biases of its creators, underlining the need for awareness and addressing biases in AI systems.
To ensure responsible and unbiased AI usage, Indeed has established a dedicated cross-functional team responsible for overseeing every AI algorithm employed. With over 100 algorithms running simultaneously for each user interaction on the platform, the aim is to develop AI that surpasses human capabilities instead of merely replicating them.
Indeed is already leveraging AI in various ways to improve job connections. For employers, the platform uses AI to provide recommended salaries for posted positions, assisting with pricing new roles in a company. Additionally, job applicants receive tailored recommendations based on their profiles, helping employers find top talent. Furthermore, individuals seeking employment now receive personalized job recommendations based on their CV and skills.
According to Bonsanti, job recommendations from Indeed lead to 55% more applications compared to listings found through Google searches. This indicates the effectiveness and value of AI-driven recommendations in streamlining the job search process for both employers and job seekers.
As the impact of AI on the job market becomes more prominent, industry leaders like Indeed are working diligently to ensure responsible usage and avoid biases. By embracing AI technology and leveraging its potential, organizations can maximize its benefits while minimizing potential drawbacks.
In conclusion, AI is poised to have a substantial impact on the global job market, with approximately 20% of jobs expected to undergo significant changes. As new job roles emerge and others fade away, it is crucial to use AI to our advantage while remaining cognizant of its potential biases. Platforms like Indeed are leading the way in employing AI to enhance job connections and improve efficiency in the hiring process. With careful oversight and responsible implementation, AI can be a transformative force in the world of work.