We are currently in the midst of the so-called ‘industry 4.0’ or the fourth industrial revolution. This is shorthand for describing the vast impact of smart and connected technology on the way we work. It covers the type of platforms listed above.
Now industry 5.0 is on the horizon and this fifth industrial revolution is expected to return to an emphasis on the value of human intelligence, and place a focus on the ‘human touch’ that recruiters can offer candidates but AI can’t.
Industry 5.0 will harness our (human) ability to recognise and relate to certain behaviours and emotions, and better combine this with the accuracy of sophisticated AI. This powerful combination of human and ‘robot’ could speed up the hiring process significantly, completely redefining the pace at which the recruitment industry works and changing the candidate experience.
AI is, and will remain, a powerful tool for human recruiters to make better use of their time and that of candidates. But AI will not be able to drive and manage the whole recruitment process; industry 5.0 anticipates humans and robots working together. Ultimately, employers will always want to source people with qualities – in addition to skill sets – that simply cannot be identified through data analysis of algorithms.
As anyone in talent acquisition knows, there is still huge scope for efficiency gains in recruitment processes. Consider the time that companies currently invest in sourcing talent, and the time it can take to job seek. AI should see the sector working smarter and better, taking care of the laborious, and admin-heavy, processes. Helping to identify shortlists of highly suitable candidates. But it will surely always be left to humans to make the call when it comes to finding that person with the ‘X factor’.