October 17, 2024
GenAI & The Future of Talent Acquisition
In the past year, my colleagues and I have engaged over 170 U.S.-based Heads of Talent Acquisition on their approaches to, strategies for, and concerns regarding the use of Generative AI in TA.
The concerns raised are as varied as they are urgent. How do we stem the tide of GenAI-fueled candidate fraud? Where can we deploy GenAI for maximum impact? But beneath these concerns lies a singular, pressing question: How will TA evolve in a world where GenAI is a prominent player?
To study this question, we are in the early stages of our most ambitious AI initiative to date: mapping the GenAI landscape in TA from every conceivable angle.
Our mission is twofold. First—to provide immediate, actionable intelligence. To this end, we are developing a suite of resources for our members, set to be released by the end of the year:
- Benchmarking on current employer GenAI strategies and implementation
- Mapping the GenAI tools fueling the application avalanche—how candidates are using them and how employers are responding
- An in-depth, rigorous examination of GenAI’s return on investment, including proven practices from the frontlines of TA
- A dynamic, continually updated database of GenAI vendors in the TA space
These resources are designed for immediate impact—tactical, granular, and actionable. But it is our second mission that motivates this memo. Namely, to predict where we will be in 5 years.
In the years since the pandemic, TA has borne the brunt of significant labor market fluctuations, budget cuts, and workforce reductions. In such an environment, strategic foresight is not a luxury, but a necessity. This whitepaper marks our first foray into that future.
While predictive, the insights here are grounded in trends already in motion, informed by the collective wisdom of hundreds of TA leaders and our own rigorous analysis. Our aim is to provide a snapshot of the likely innovations and challenges ahead so that you can lead your own team into the future with confidence.
As you read, you may recognize challenges you are already facing. You may see opportunities you have yet to consider. Most importantly, you will find Next Steps designed to bridge the gap between your current position and your future aspirations.
At Veris Insights, our highest purpose has always been to serve you in your hardest work. In the age of GenAI, that work is more complex—and more critical—than ever. We offer this whitepaper as a starting compass for the journey ahead, a tool to help you not just navigate the future of TA, but to shape it.