Diversity, inclusion, and equity have become critical buzzwords in the contemporary workplace. As companies become more global and complex, diverse teams must leverage different backgrounds, cultures, and perspectives to drive innovation and improve business outcomes. Numerous companies have already recognized the importance of diversity, inclusion, and equity and are adjusting their human resources policies and practices to reflect these values. For example, many corporations have revised their hiring processes to eliminate unconscious biases and increase the representation of underrepresented groups in their workforce. Others have implemented training programs to educate employees about diversity, inclusion, and equity and create awareness of different cultural perspectives and sensitivities. One prominent example of a corporation that has taken significant steps to promote diversity and inclusion is Microsoft. In its most recent Diversity & Inclusion Report the tech giant revealed that for the first time, women now make up more than 30% of Microsoft’s core workforce worldwide at 30.7%, up 1.0 percentage point since last year. Since 2018, representation of women has grown at least 1.0 percentage point every year. Professional Diversity Network,
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Various technological innovation can also play a role in helping businesses achieve their diversity and inclusivity goals. For example, Artificial intelligence (AI) powered tools can help identify and mitigate unconscious biases in recruitment and performance evaluation processes, which can lead to more diverse and equitable outcomes. AI algorithms can also analyze job descriptions and suggest alternative wording that appeals to a broader range of candidates and reduces gender or racial biases. Similarly, AI can monitor hiring decisions to detect any patterns of bias or discrimination and recommend adjustments to improve diversity and inclusion. Overall, the AI Recruitment market was valued USD 610.3 Million in 2021 and is estimated to grow to USD 890.51 Million by 2028, with a compound annual growth rate (CAGR) of approximately 6.5% during the forecast period, according to date by Facts and Factors.
RemoteMore has been working on an artificial intelligence (AI) solution that improves the matchmaking between companies and developers. Since 2021, RemoteMore has added several new features to its platform, such as a job dashboard that permits employers to request developer profiles according to their very specific requirements, resulting in the employer getting five pre-qualified candidates hand-picked by the RemoteMore Service team. RemoteMore has already released AI features that automate parts of this matchmaking process, resulting in a superior quality service at a lower labor cost.
The RemoteMore AI-powered matchmaking tools will make the company’s offering even more exciting to employers who are seeking to hire qualified developers. Delivering a high-quality matchmaking experience at scale is an important competitive advantage given the confusingly big candidate pool that remote work unlocks for companies. RemoteMore has already pre-screening data for over 24,000 remote developer profiles (such as professional history, remote work fit and technical skills) which is a strong foundation for further automation and AI development.
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During the first three quarters of 2022, RemoteMore increased the number of its registered company users from 650 to 1,500, and its pre-screened pool of developers from 6,300 to over 24,000. As the demand for sophisticated software developers grows, and the number of AI-powered tools continues to expand, the need for high quality matchmaking at scale will only increase.
“Integrating an AI-powered tool to ensure that the best fit applicants reach our employer clients is the logical next step,” said Boris Krastev, CEO and Co-founder of RemoteMore. “These tools have grown in popularity in recent months. Our strategy is to be proactive when it comes to the adoption of new technologies that can revolutionize our industry.”
“AI-powered tools are some of the most impressive technological developments in recent years and their popularity is only growing,” said Adam He, CEO of PDN, “The momentum in the AI space has been tremendous and we want to be able to leverage this technology within our diversity recruiting operations as well, thus providing the synergies we had envisioned when first acquiring an interest in RemoteMore.”
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