Monday November 30, 2015

Algorithms Make Better Hiring Decisions Than Humans

Guess what else algorithms can do better than humans? Everything. I guess we all better get used to a future full of middle management AI overlords.

An online test evaluated roughly one third (94,000) of the employees, who were asked questions about their technical skills, personality, cognitive skills, and fit for the job. Based on the results, an algorithm rated each applicant green (for high potential), yellow (for medium potential), or red (for low potential). On average, the employees who were evaluated by a machine stayed in the job 15% longer than those who were hired without being rated by an algorithm.

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