Nowadays, artificial intelligence is reshaping recruitment across the world, with AI screening playing a vital role in it. It uses artificial intelligence and machine learning to automate and simplify the initial steps of the hiring process which involves analyse and filter large numbers of job applications using algorithms. Additionally, it assess the qualifications of candidates, and even conduct preliminary interviews, and without any human intervention.
A survey reveals that Indian graduates are more concerned about AI screening in the recruitment process than their global counterparts. According to a survey by the CFA Institute, a US-based non-profit organisation, around 13 per cent of Indian graduates fear AI screening in the recruitment process, compared to just 10 per cent of graduates globally. The sample size is 9,023 respondents studying for a bachelor’s degree or higher or holding a bachelor’s or higher degree within the past three years, aged between 18 and 25 years.)
From the “lack of jobs in my preferred sector” to “feeling underqualified for the job I want” – here are a few other stunning findings from the survey:
1. Competition from my peers to get a jobAccording to a survey, around 16 per cent of Indian graduates face competition from their peers to get a job, while globally the figure is 14 per cent.
2. Lack of jobs in my preferred sectorThe survey shows that both Indian graduates and their global counterparts feel there is a dearth of jobs in their preferred sector. This stands at 15 per cent.
3. Low pay in my preferred sectorThe survey shows that both Indian graduates and their global counterparts feel that salaries in their preferred field are low. This is 14 per cent.
4. Having to work in a sector that doesn’t fulfill or interest meAround 11 per cent of Indian graduates feel they have to work in a field that does not satisfy them or in which they are not interested, while globally the figure is 14 per cent.
5. Disruption from AI/automationBoth Indian graduates and their global counterparts feel disrupted by AI/automation. This is 11 per cent.
6. Feeling underqualified for the job I wantAround 11 per cent of Indian graduates feel that they are underqualified for the job they want, while globally the figure is 12 per cent.
7. Geopolitical upheavalAbout 3 percent of Indian graduates feel geopolitical upheaval, while globally the figure is 5 percent.
8. I don’t have any concerns regarding my career prospectsNearly 4 per cent of Indian graduates believe they have no concerns about their career prospects, while globally the figure is 7 per cent.
