Artificial Intelligence In Hiring: Do the Risks Outweigh the Advantages?
With the increasingly competitive workforce, employers are searching for ways to efficiently hire quality candidates. One method employers use to lower costs and simultaneously increase efficiency is the use of Artificial Intelligence (AI) to assist with the tedious job of searching through countless resumes. While AI undoubtedly offers significant advantages to employers, there are also many risks. The “pre-existing real-world data” that the AI system relies on for training can be one source of these risks. “[Al]though an AI system itself does not have any biases, the information humans choose to use in the system may be biased.” The full effects of AI in the hiring process have yet to be seen; accordingly, employers need to take steps to ensure they do not expose themselves to liability while implementing this new technology.