Artificial Intelligence (AI) is poised to transform India’s recruitment landscape, with 85 percent of employers anticipating the creation of new jobs within the next 1-5 years, according to a report released on Thursday. This data was obtained from a global survey conducted by Censuswide on behalf of Indeed, involving 7,275 employers and employees across seven markets, with 1,142 employers and jobseekers participating in India.
EMPLOYERS OPTIMISTIC
Employers are also optimistic about the positive impact of AI, with 85 percent believing that it can enhance the nature of employees’ tasks and 77 percent seeing potential for improved job security and career development opportunities for their staff, as revealed in the report from global job site Indeed.
JOB SEEKERS
Interestingly, a majority of jobseekers (63 percent) share this enthusiasm for the potential impact of AI, with 53 percent expressing the belief that AI will lead to the creation of more jobs. This report highlights the fact that jobseekers are not just aware of AI’s potential but are also excited about the possibilities it offers in their careers. However, employers need to collaborate in developing frameworks that enable the effective use of AI to foster technological advancements, emphasized Sashi Kumar, Indeed India Head of Sales.
CONCERNS
While Indian jobseekers are embracing the potential benefits of AI, they do have some concerns, including the need for reskilling or upskilling (43 percent), potential job losses in their industry or profession (29 percent), and ethical considerations (20 percent).
Moreover, jobseekers have expressed apprehensions regarding potential negative impacts on their work wellbeing (17 percent) and the potential for bias (15 percent). On the other hand, over 90 percent of HR and talent acquisition leaders believe that AI systems and tools will make their jobs easier, and 86 percent believe AI can enhance the hiring and candidate experience. About 81 percent of employers also have a positive outlook, envisioning that AI will enable them to concentrate on the more ‘human’ aspects of their roles.
Notably, employers and employees in India are among the most enthusiastic users of AI, with 98 percent of HR professionals and 91 percent of job seekers currently employing Artificial Intelligence tools for work. This is in contrast to Japan, where over a third of HR professionals (35 percent) and over half of jobseekers (53 percent) report not using Artificial Intelligence tools in their professional capacities.
In France, there’s a different dynamic, with 30 percent of jobseekers and 25 percent of HR professionals expressing apprehension about the technology. The United States and Canada also show strong Artificial Intelligence adoption, with 92 percent of HR professionals using AI tools. In the UK, 88 percent of HR professionals use Artificial Intelligence, but there’s resistance among jobseekers, with 41 percent stating that they don’t use AI at all.
