Over 85% of Indian employers are optimistic about the role of AI in creating new jobs in 1-5 years. Not only employers, but job seekers are also equally hopeful of a positive impact on AI in job creation. 63% of job seekers are also excited about the potential impact, with 53% agreeing AI is likely to create more jobs.
The survey done by Indeed, shed light on the evolving relationship between employers, jobseekers, and AI, offering insights into their expectations, and concerns as well as how AI is currently being used in recruitment.
Employers also believe that AI could improve the nature of employees’ tasks (85%) and improve job security and opportunities for career development for their employees (77%).
While Indian jobseekers are embracing the potential benefits of AI systems and tools, they also have concerns. The need for reskilling or upskilling (43%), potential job losses in their industry or profession (29%), and ethical considerations (20%) are key worries for them. Additionally, they express apprehensions about negative impacts on their work well-being (17%) and the possibility of bias (15%).
How AI can transform the recruitment landscape
The survey also reveals that 90% of HR/talent acquisition leaders think AI systems and tools will make their job easier and 86% believe AI can improve the hiring and candidate experience. 81% also are optimistic that AI systems and tools will allow them to focus on the more 'human' aspects of their job.
A large majority of jobseekers (78%) think the development of AI systems and tools will improve the hiring and candidate experience. However, over half (50%) of jobseekers surveyed are concerned about AI replacing human judgment and intuition in hiring decisions. To have a fair and unbiased job search process, jobseekers would like employers to continue to ensure there is still a human approach/monitoring (48%), and that data used for AI systems and tools is representative of minority groups (41%).
How India stands against global counterparts
As compared to global counterparts, a whopping 98% of HR professionals and 91% of job seekers in India use AI tools for work. In comparison, more than one-third (35%) of HR professionals and over half (53%) of job seekers in Japan do not use AI tools professionally. On the other hand, 30% of job seekers and 25% of HR professionals in France, are fearful of the technology.
Other strong adopters of AI are the US and Canada used by 92% of HR professionals and the UK (88%). However, these countries see some resistance from jobseekers with 41% of jobseekers in the UK, 30% in the US, and 42% in Canada do not use AI currently at all.
Sashi Kumar, Head of Sales, Indeed India said, “This new survey brings encouraging news that jobseekers are not only aware of the promise of AI but are also excited about its potential. It demonstrates that job seekers are ready to embrace AI as a force for positive change in their careers. However, employers must work together to devise frameworks that allow the effective use of in order to facilitate technological advancement.”